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The recent ACI’s Biostimulants Europe 2024 conference was a great success, drawing a large crowd of industry leaders, researchers, scientists, and professionals from the biostimulants sector. Those attending included Aneesa Moolla, Project Manager of our Agrochemicals practice, who delivered a compelling presentation on Biostimulant Market Trends and Outlook.
Double-digit growth of biopesticides around the world is driving new product development, according to our latest research.
Sales in the biostimulants and biofertilizers market grew at a CAGR of 9% from 2019 to 2022 ― mostly due massive price increases for fertilizers.
While biopesticides remained the core focus for many attendees at ABIM, biostimulants drew increasing interest among biological suppliers.
Protecting the environment has taken on global urgency, with the world increasingly focused on sustainability efforts. This has driven demand for global biopesticides, biostimulants, and biofertilizers.
Demand for biostimulants is growing rapidly, fueled in part by consumer trends toward wellness and organic produce, along with rising environmental concerns. Biostimulants contain organic substances such as humic acid, vitamins, hormones, and microorganisms that stimulate natural processes to enhance crop quality. When applied to plants or rhizosphere, biostimulants boost nutrient efficiency, resulting in increased
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
