Biostimulants Market was Valued at US$ 2,684.3 Mn in 2018Posted by venkatakiran on November 6th, 2019 Global Biostimulants Market was Valued at US$ 2,684.3 Mn in 2018, Increase in the R&D for the Development of Newer Products Analyst Speak: “The Global Biostimulants Market was valued around US$ 2,684.3 Mn in 2018 and growing at prominent growth rate over the next seven years of forecast years 2019-2025 owing to surge in R&D for the development of newer products” The global biostimulants market accounted for US$ 2,684.3 Mn in 2018 and the market is burgeoning at noticeable growth rate over the forecast years due to surge in the adoption of biostimulants and increase in demand for organic agricultural practices in emerging countries. Furthermore, increase in the preference for quality food products, low price of products due to better availability of raw materials, entry of market players into biochemical segment, rise in R&D for the development of innovative products, and government support for the organic farming are expected to boost the biostimulants market over the forecast years. However, short shelf life of bio-based products, lack of regulations for the commercialization of biostimulants in underdeveloped countries, and high R&D expenditure are deter the global biostimulants market over the forecast years. Global biostimulants market segmented on the basis of active product type, mode of application, formulation, crop type, and region For More Information: https://www.precisionbusinessinsights.com/market-reports/global-biostimulants-market/ About: Precision Business Insights is one of the leading market research and management consulting firm, run by a group of seasoned and highly dynamic market research professionals with a strong zeal to offer high-quality insights. Like it? Share it! More by this author |