Biostimulants to Surpass Legal Barriers to Deliver Promised Growth

Biostimulant is a type of chemical, which do not contribute directly towards any function, rather enable the key functions for plants such as nutrient absorption & utilization, sustaining adverse conditions, and fighting off pests & fungi among others.The plant biostimulants were first introduced in the late 1990s. Seaweed extracts and humic acid substances were among the first known biostimulants, which are still being used in large quantities around the world.

The first categories of biostimulants introduced, seaweed extract-based & humic acid/fulvic acid-based, are still the most popular biostimulants in volume terms, with latter gaining on the advantage of low cost. Amino acid & derivatives-based biostimulants have gained popularity in the last decade, making them the second-largest revenue contributors towards the biostimulants market.

The decade-long industry initiatives to push the regulatory recognition have started giving results, enabling the industry participants to place their products in the market separating them from crop control chemicals. Governments across different economies have started accommodating the separate product category of biostimulants, especially in the past 3–5 years.

The competitive scenario of the market is open with numerous companies competing, although the level of rivalry is not that high, and has high growth opportunities. Few of the key companies active in the field are BASF, Bayer, Syngenta, FMC Corporation, Valagro, Adama, Solvay, Ajinomoto, Stroller Group, Koppert Biological Systems, and Lallemand Inc.
This study provides drivers, restraints, opportunities with current and emerging market trends.

The study covers an in-depth analysis of each type and application along with forecasting and trends analysis in the global biostimulants market. Get sample copy of the report @ http://bit.ly/3892Eey