Biostimulants are substances or microorganisms that are made of natural or synthetic compounds. They are used in seeds, soil, or plants along with various substrates for stimulating organic plant growth and improving their immunity. Apart from these, biostimulants are also used for helping plants assimilate necessary nutrients, which, in turn, leads to better crop protection. Because of this reason, biostimulants are extensively used in fertilizers, food technology, and agrochemical industries.
Because of the aforementioned factors, the demand for biostimulants is growing rapidly across the globe. This is propelling the advancement of the global biostimulants market, as per the observations of P&S Intelligence, a market research company based in India. Fulvic, humic, seawood extracts, amino acids, and vitamins are the major active ingredients used in biostimulants. Out of these, the usage of seawood extracts was found to be the highest in biostimulants in the past years.
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Geographically, the sales of biostimulants were found to be the highest in Europe during the last few years. This was because of the high requirement for nutritional and organic food products in the regional countries. In the future years, the biostimulants market will register huge expansion in the Asia-Pacific and Latin American regions. Furthermore, the demand for biostimulants will grow massively in the Middle Eastern and Africa and North American regions in the future years.
With the rising adoption of advanced and innovative farming practices, the Asia-Pacific region is providing lucrative growth opportunities to the players operating in the biostimulants industry. Apart from this, the increasing requirement for increasing the yield per hectare and the rapid enactment of government regulations and policies that aim to promote the usage of biostimulants in agricultural processes are also pushing up the sales of biostimulants all over this region.
Hence, it can be said with full confidence that due to the growing requirement for high agricultural productivity and crop yield, because of the soaring population levels and the mushrooming demand for food items, and the rising popularity of advanced farming techniques, the sales of biostimulants are shooting-up in many countries around the world.
Read More: https://www.psmarketresearch.com/market-analysis/biostimulants-market
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