In-Depth Analysis of the COVID-19 Impact on Global Biostimulants Market
The market for biostimulants is predicted to be worth US$ 3.4 billion in 2023, and rise to US$ 9.6 billion by 2033. Demand is expected to increase at a CAGR of 10.8% over the projected period. Due to their numerous potential applications and promising futures, biostimulants are employed in horticulture and agriculture. Growing demand for eco-friendly agricultural solutions in developing nations like China and India opens up a new market opportunity for biostimulants producers. Since food security and public health are closely related, all parties participating in the agri-food sector have sought to enhance sustainable food production. The largest phytopharmaceutical companies in Asia Pacific and Europe have intensified their production and research activities for natural products. Agricultural biostimulants are substances or microorganisms that, when applied to plants or soil, enhance nutrient uptake, plant growth, and stress tolerance. They can include a variety of natural...