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Biostimulants Market Share

Report ID: GMI1346
Published Date: Mar 2023
Report Format: PDF

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Biostimulants Market Share

Some of the leading companies involved in the biostimulants market include :

Biostadt India Limited
Biolchim S.p.A
Bayer S.p.A
Desarrollo Agrícola y Minero
S.A.
talpollina S.p.A.
Lallemand
Trade Corporation International
Mahafeed Specialty Fertilizers Pvt Ltd.
Micromix
Agricultural Sciences, Inc.
Agrinos
Ag Concepts
Valagro
Artal Agronutrientes
Produquimica (Compass Minerals)
AGRICHEM
S.A
Koppert B.V.
ILSA S.p.A.,
Stoller
BASF SE
BioAg
General Hydroponics Inc.
Nutrien
Biovert SL
Nutri-Tech Solutions Pty Ltd.
Arysta LifeScience Corporation.

These firms primarily engage in strategic mergers and acquisitions to remain ahead in the competitive landscape, thereby positively influencing the overall biostimulants market scenario. For instance, in February 2019, UPL Limited, an Indian agrochemicals company, completed the acquisition of Arysta LifeScience, a chemical manufacturing firm specializing in crop protection. With this takeover, UPL aimed to offer broader choices, greater value, and increased sustainability to secure the world’s food supply.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for Biostimulants was valued at more than USD 3 billion in 2022 and is set to progress at over 10.5% CAGR over the next 10 years owing to the rising popularity of precision farming and the strong dependency on the agricultural sector for food products.

The foliar treatment application segment reached a valuation of more than USD 2.5 billion in 2022 the mounting food consumption and the rising need to improve farm yield which in turn is encouraging producers to utilize biostimulants in enhancing crop yield efficiencies.

The acid-based segment was valued at more than USD 1.5 billion in 2022 as a result of lower processing costs and easy availability of active ingredients that are used in biostimulants.

North American market for biostimulants is set to depict more than 10% CAGR from 2023 to 2032 on account of burgeoning awareness regarding the benefits of biostimulants in weeds, diseases, and stress resistance as well as for improving yield efficiency.