The global agricultural biostimulants market size is expected to reach USD 7.00 Billion in 2028 and register a revenue CAGR of 11.8% over the forecast period, according to a latest report by Reports and Data. Rising awareness regarding better plant health and nutrition is expected to drive market revenue growth during the forecast period. Ability of agricultural biostimulants to minimize the need for fertilizers and increase plant growth and resistance to abiotic stresses and water is boosting application of agricultural biostimulants. Agricultural biostimulants are efficient in small concentrations favoring good performance of the vital processes of plant and allowing cultivation of good quality products and high grain, fruit, and vegetable yield. These products are applied to plants to enhance nutritional efficiency and tolerance to abiotic stress regardless of their nutrient content. Research and development activities are ongoing for production of effective agricultural biostimulants that improve plant development in saline environment, stresses, and development of seedlings. These factors are expected to boost revenue growth of the market going ahead.
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BASF SE, Valagro, Bayer AG, Isagro, HELLO NATURE, Syngenta, FMC Corporation, UPL Limited, Biolchim,
According to RND, the global Agricultural Biostimulants market revenue is expected to expand at a XX% CAGR and reach USD XX billion between 2021 and 2028. Key factors driving global market revenue growth are rapid growth in the materials and chemical industry, increasing usage of perfumes, soaps and wide range of raw materials across various sectors such as healthcare and pharmaceutical, food and beverage, agriculture and paper. Based on type, the type 1 segment is expected to register highest revenue growth during the forecast period owing to rising awareness about green energy, and increasing adoption of eco-friendly and biodegradable products.
Asia Pacific is expected to register fastest revenue CAGR between 2021 and 2028. Rapid revenue growth is attributed to factors such as increasing investments in research and development activities, rapidly growing industrial sector and building and construction sector and high demand for raw material across various sectors.
Market segment analysis:
Type Outlook (Revenue, USD Billion; 2018-2028)
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Application Outlook (Revenue, USD Billion; 2018-2028)
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
North America (U.S., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Which key factors expected to boost global Agricultural Biostimulants market growth during the forecast period?
Which factors are expected to hamper the growth of global Agricultural Biostimulants market throughout the forecast period?
Which application segment revenue is expected to register rapid CAGR between 2021 and 2028?
Which are the leading companies operating in the global Agricultural Biostimulants market?
What is the scope of growth of product companies in the global Agricultural Biostimulants market?
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