The current biostimulants market is estimated at over $1 billion at the end user level in seven key markets analyzed by Kline’s upcoming report, Global Biostimulants: An Overview of the Market and Use. Field crops is the largest use of biostimulants, followed closely by fruit and vegetable crops. The combined countries of Europe have the largest use of biostimulants and are about as large as the collective total use in the United States and Brazil.
There is no strict legal or regulatory definition of plant biostimulants anywhere in the world, which often leads to confusion on the marketplace, but it is generally accepted that biostimulants are or come from natural sources. However, this description often builds a gray line between biopesticides, fertilizers, and biostimulants, as some materials classified as biopesticides work by enhancing or activating a plant’s own defense mechanisms; however, they may also increase root growth or abiotic stress resistance. Similarly, some biostimulants have nutritional value or are included in fertilizers to increase nutrient uptake and are sold as fertilizers, sometimes with and sometimes without biostimulant claims.Continue reading