The report is titled as ‘Acid-Based Biostimulants Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Acid-Based Biostimulants market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market.
The global acid-based biostimulants market is estimated to reach at a value of US$ 2,264.7 Mn by the end of 2022 and expected to reach at a value of US$ 4,775.7 Mn by 2030 with a significant CAGR of 9.8%.
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Acid-Based Biostimulants Introduction
Biostimulants can be defined as naturally obtained fertilizer additives which are used to improve plant productivity and growth. These products also serve its utility towards nutritional strengthening of agricultural products.
Biostimulants are majorly of two types including acid-based biostimulants and extract-based biostimulants available in the global market. Acid-based biostimulants majorly comprises fulvic acid, humic acid, and amino acid, however seaweed extracts and other plant extracts are examined under plant extracts.
Acid-Based Biostimulants Market Dynamics
Biostimulants can be perceived as plant hormones which boost plant growth and help in multiplying crop productivity. It progresses the growth of hormones and nutrition enhancement therefore enhancing natural agricultural customs. Owing to which, the acid-based biostimulants witness demand across the global markets.
In addition to that, the rapid adoption of organic and natural obtained food has further propelled the demand of the organic food products which is also projected to accelerate the global acid-based biostimulants industry in the years to come.
Other than that, the regulatory compliances from the government and non-government organizations for the minimal usage of synthetic fertilizer is also estimated to advance the growth of the global acid-based biostimulants market growth over the forecast period.
By the same token, governments, all across the world, commenced numerous initiatives by offering subsidies to encourage the agricultural industry for bio-based & organic agriculture is estimated to prompt the industry outlook in the coming years.
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Acid-Based Biostimulants Market Segmentation
The acid-based biostimulants market is segmented on the basis of type, application, and region
By Type
- Humic Acid
- Fulvic Acid
- Amino Acids
- Others
By Application
- Fruits and Vegetables
- Turf and Ornamentals
- Row Crops
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Acid-Based Biostimulants Market Key Players
The key participating players of the global acid-based biostimulants market include Agri Life, Biostadt, Neophyll, Nakoda Biocontrols, Biotech International, India FarmCare, Miracle Organics Private, HCM Agro, Vijay Agro Industries, Arysta Life Science, VALAGRO, Leili, Acadian Seaplants, Kelpak, among others.
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