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The growing demand for organically produced foods is growing rapidly which is influencing higher demand and use of biostimulants. The increasing level of investment in research to identify organic molecules and right formulation to improve the plant metabolism and enhance plant performance in a short period of time and in a cheaper way. Biostimulants find its application in diverse spectrum which include agriculture and horticulture.  These factors will support the growth of biostimulants market during the forecast period.

Biostimulants Market

The intensive use of fertilizers and agrochemicals in modern agriculture adversely affect the soil quality, gradually resulting in degradation of its physicochemical properties. Biostimulants restores and repair degraded agricultural soils and re-establish a productive soil ecosystem and rebuild a healthy and fertile soil.  Biostimulants are considered chemical free and work exactly like fertilizers to boost plant growth and provide nutrition. This will lead to surge in sales of biostimulants across the globe. Rising consumer indulgence and consumer willingness to pay for natural and healthy products will fuel the demand of biostimulants. Hence globally, biostimulants market is growing at the rate of 11.09% during 2017 to 2023.   

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