Globally, the biostimulants industry is positively impacted by a growing demand for organic produce. The global population rise coupled with an awareness of people about harmful chemicals used for plant growth is fuelling the market. People are moving away from artificial foods to organic products as they become more health-conscious.
Various issues related to soil degradation and contamination are affecting the agriculture sector in different countries. Some countries have also implemented regulations for chemical use in agriculture. Other issues like adverse climate change, food and hunger problems, over-exploitation of resources, and many more are impacting the food production capacity.
Predictions show the biostimulants market size could cross US$6.5 billion by 2028. Discussed below are some trends shaping the industry:
Soil treatment requirements encouraging agriculture
Soil contamination is an issue prevailing in many countries, and with the limited availability of land, soil treatment is very important. Companies are working towards making efficient biostimulants that can help treat the soil. As this substance reduces the need for fertilizers in crops, they can be used for the growth of organic crops.
A leading fertilizer producer in USA, Mosaic, and BioConsortia have come together for the distribution of BioConsortia’s latest microbial biostimulant in the APAC region. Zaffre, the new product, is claimed to provide cultivators with healthy root conditions for plants to get all nutrients. It is known to have shown a positive impact on seed germination as well.
Crop yields are increasing via bio-stimulants
Studies have shown that using the right biostimulants can increase crop yields, crop performance, and enhance tolerance to abiotic stress. Tradecorp International, the University of Milan, and Italian agricultural research Centre Agricola, conducted a detailed study on the same. Delfan Plus and Phylgreen are the company’s biostimulants that help prevent heat stress on plants in the short term. They help increase the antioxidant levels in the plants and reduce any cellular damage. This in turn improves the crop tolerance to abiotic stress, thus the crop yield also increases.
Agrinos, another market player, is working towards helping farmers increase their yield profits. The biological crop input provider helps farmers improve their crop productivity. The High Yield Technology products of the company support the plant growth and keep them healthy during critical stages of its life.
Increasing prices of synthetic fertilizers
The prices for synthetic fertilizers are increasing in the US. Farmers are finding it difficult to cope with these rising costs. To help the farmers, the Biden administration has announced a new grant to support the American-made fertilizer to reach the market.
The US government is looking for opportunities in the biostimulants industry. Recently, the US biostimulants Summit 2022 took place. The aim of the summit was to explore the challenges and latest developments in the sector.
Artal Agronutrientes, Biolchim S.p.A, Koppert B.V., and Valagro are some of the prominent players in the biostimulants market. There are innovations happening in the product segment, global licensing is taking place, products to increase reproductivity of the plants are being created, and much more is occurring in the industry. Arysta LifeScience Corporation leader has signed a licensing agreement (global) with Delbon for a soil-based biostimulant product. The aim is to take care of the global microbial soil problem as it is often neglected in the modern agriculture setup.
The full report is accessible via the Global Market Insights website.
Read the article online at: https://www.worldfertilizer.com/special-reports/19102022/trends-across-the-global-biostimulants-industry/
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