Market Research Future (Food and Beverages) Biostimulants Market Research Report | Page 3

Global Biostimulants Market Research Report - Forecast to 2023
2 Market Overview
A plant biostimulant is biological substance or extracts used as plant supplements with the aim to enhance nutrition
efficiency, abiotic stress tolerance and others, regardless of its nutrients content. Furthermore, plant biostimulants
also designate commercial products containing mixtures of such substances and/or microorganisms.
The quality of soil will be crucial factor crop health and crop productivity. Use of biostimulants impart additional
nutrients or growth factors that are crucial in altering soil and plant metabolic activities in order to improve crop growth
and yield. Biostimulants are used to restore degraded soils by regulating soil pH and help in soil management. Rising
awareness organic farming and negative side effects due to use of chemical fertilizers will drive the market growth
from 2017 to 2023. Globally the market for biostimulants is estimated to grow at the rate of about 11.09% from 2017
to 2023.
Intended Audience:
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Biostimulants manufacturers
Raw material suppliers
End users
Retailers & wholesalers
E-commerce companies
Traders, importers and exporters
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