degraded agricultural soils and re-establishes a productive soil ecosystem and rebuilds a healthy and fertile soil. Biostimulants also maintain the salinity and sustainability of soil for long-term use making it safe for soils and crops. These factors will play a key role in the growth of biostimulants market at the CAGR of 11.09 % during 2017-2023.
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Regional Analysis
The Global Biostimulants Market is segmented into North America, Europe, Asia Pacific, and rest of the world( ROW). Among these Europe region has the major market share. The market is projected to grow at a steady pace in the review period. Asia-pacific will be the fastest growing region in the biostimulants market and high growth in emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers ample opportunities for expansion to major players. Global biostimulants market is highly concentrated in Europe. However, APAC has huge potential for biostimulants, as there is rise in disposal income, increased in demand for organic food and beverages. Biostimulants manufacturers are focusing on expanding their product line by providing larger product line for various application such as seed treatments, soil treatment and others.
Market Segmentation-
Global biostimulants market is segmented by type, crop type, active ingredients, application and region
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