Global Biostimulants Market is valued at USD 2.82 Billion (€ 3.33 Bn) in 2019 and expected to reach USD 6.51 Billion (€ 7.69 Bn) by 2026 with the CAGR of 12.6 % over the forecast period. Biostimulants are hot topics in agriculture industry. Adoption of these products in horticulture has proved beneficial and now several products are launched in the market which offers products for all major agricultural crops. In recent years, acid based biostimulants have been used increasingly in the biostimulants business to provide a value-added product that has agronomic, human health, and environmental benefits. Acid-based dominated global biostimulants market with more than 50% market share. Seaweed extract-based biostimulants accounted around 36.87% global share in 2019. Microbial biostimulants are expected to be fastest growing market segment. Lack of awareness among farmers and low penetration rate in developing countries is hampering the growth of global Biostimulants market.
