When applied to plants or the rhizosphere, biostimulants such as chemicals or microorganisms increase nutrient uptake, nutrient utilization efficiency, abiotic stress tolerance, crop quality, and crop yield. It is used in horticulture and agriculture to increase the nutritional effectiveness of plants and their ability to withstand abiotic stress. Major motivating elements growing demand for ecologically sustainable agriculture, innovative technologies and advanced technology.
Global Biostimulants Market was valued at US$ 2,938.7 Mn in 2022, and is estimated to exhibit a CAGR of 10.16%, in terms of revenue, over the forecast period (2023-2030) to reach US$ 6,375.3 Mn by 2030.
Key Competitors in the Biostimulants Industry:
1. Acadian Seaplants Limited
Acadian Seaplants Limited founded in 1981 and its headquarters Nova Scotia, Canada. The company operates in 80 countries.
2. Biostadt India Limited
Biostadt India Limited founded in 2003, and its Headquarters located in Mumbai the Company operates in 20 nations.
3. Omex Agrifluids Ltd.
Omex Agrifluids Ltd.was launch in 1994 and it’s headquarter located Omex Agrifluids Ltd..it operate over 45 country.
4. Italpollina Spa
Italpollina Spa was launch in 1983 and its headquarters in Anderson, Indiana, United States.it operate over 80 country. Bausch Health Companies Inc Launch of PLENVU, the First and Only 1-Liter PEG Bowel Cleansing Preparation for Colonoscopies
5. Koppert B.V
Koppert B.V was founded 1967 with its headquarters in Zuid-Holland, The Netherlands. With businesses in over 100 countries
6. Bio Atlantis Ltd
Bio Atlantis Ltd was launch in 2003 and its headquarters in Tralee, Ireland.it operate over 35 country. In 2023, BioAtlantis has joined an international research project to make crops more tolerant to the increasing challenges of the climate
7. BASF SE
BASF SE founded in 1865, with its headquarters in Ludwigshafen, Germany.With businesses in over 91 countries. In 2020 BASF SE (Germany) and Delair collaborated to scale up BASF SE research and development projects for seeds, traits
Definition- Biostimulants are chemicals or microorganisms that, when given to plants or the rhizosphere, stimulate natural processes that improve nutrient uptake, nutrient usage efficiency, abiotic stress tolerance, and crop quality and production. It is used in agriculture and horticulture to improve crop quality, nutrition efficiency, and abiotic stress tolerance.
