Agriculture practices have evolved at a rapid pace in the last couple of decades owing to advancements in technology, research activities, and the advent of next-generation agricultural practices. In addition, farmers are constantly seeking new ways to maximize crop yield, enhance production, and maximize the overall output. In the last decade, bio-stimulants have emerged as an effective solution to significantly improve crop productivity and thus, its adoption is expected to witness significant growth in the upcoming years.

Bio-stimulants can be defined as a diverse formulation of micro-organisms, substances, and compounds that are widely used to improve the overall health of a crop, boost yield quality, and positively impact the tolerance of abiotic stresses. Thus, as bio-stimulants play an imperative role in the development of the overall life-cycle of a crop, bio-stimulants have garnered significant popularity from the agriculture sector in recent years – a trend that is expected to continue in the foreseeable future. Moreover, as bio-stimulants are environment-friendly and organic in nature, its demand is expected to witness a noteworthy growth in the future.

Growing Demand from the Agriculture Sector to Boost Market Growth

Owing to the large-scale benefits of bio-stimulants, the adoption of bio-stimulants in the agriculture sector is expected to scale new heights in the upcoming years. Over the last decade, significant research activities have been carried out by bio-stimulant manufacturers to discover new bioactive compounds and efficient microorganisms to understand how the overall quality and performance of the crop can be optimized under a range of growing conditions. In the current scenario, although several experts link bio-stimulants with organic gardening and farming, they are tipped to play an imperative role in conventional agriculture in the upcoming years.

Moreover, bio-stimulants are expected to provide important solutions to the current challenges within the agriculture sector including, enhanced yield and crop quality to feed the growing population, improve crop vigor so that the crop can withstand harsh weather conditions, and facilitate nutrition assimilation.

 In addition, bio-stimulants are expected to play a key role in improving the overall attributes of the produce, such as color, sugar content, fruit seeding, and more. Further, bio-stimulants have also exhibited strong potential to improve the overall quality of the soil by promoting the development of soil microorganisms.

Western Europe Presents Promising Opportunities for Market Players

Western Europe is expected to offer an array of lucrative opportunities for market players operating within the bio-stimulant market. Some of the major factors that are likely to shape market growth in Western Europe include, high focus on improving yield per hectare and strong support by the government bodies. In addition, realizing the long-term benefits of bio-stimulants, several farmers in Western Europe have increased the adoption of bio-stimulants in recent times. Moreover, consistent growth in the number of research and development activities have played an important role in shaping the growth of the bio-stimulant market in Western Europe.

Although the market is expected to thrive in Western Europe, Asia-Pacific excluding Japan (APEJ) is another region that holds strong potential for market players operating in the bio-stimulant market. The flourishing agriculture sector in the region coupled with a tectonic shift from conventional farming towards modern agricultural practices is a major factor that is expected to generate significant demand for bio-stimulants in the APEJ region.

Bio-stimulants Market: Vendor Insights The major market players operating in the bio-stimulants market are leaning towards technological innovations and research to enhance the capabilities and functionalities of bio-stimulants to improve crop yield and productivity. The major players operating within the current market landscape include BASF SE, Trade Corporation International, Micromix Plant Health Limited, BioAtlantis Ltd., Novozymes A/S, The Dow Chemical Company, Italpollina Spa, and more

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