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Showing posts with the label #biostimulant_market

Biostimulant Market Analysis & Industry Forecast 2016-2024

According to Goldstein Research, global biostimulant market is expected to reach USD 4.2 billion by 2024 , growing at a CAGR of 11.0 % over the forecast period 2016-2024.The increasing yield per hectare owing to rising population and continuous growing food demand is major driving force for the growth of global biostimulant market . Global biostimulant market segmentation has been carried out on the basis ofactive ingredients type and crop type.Based on active ingredient, seaweed and plant extracts has gained significant traction in past few years owing to ability to improve abiotic & biotic tension tolerance as well enhance the growth of roots and seeds. Global biostimulant market is dominated by Europe where the market is growing at a growth rate of 10% and it is expected to continue its dominance over the forecast period i.e. 2016-2024. More than 3 million hectares of agricultural land is treated with biostimulants in Europe every year. Asia-Pacific biostimulant market value...