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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