The need for optimal efficiency and crop yield is producing ripe opportunities for the global biostimulants market, finds Frost & Sullivan
SANTA CLARA, California, April 15, 2020 /PRNewswire/ — The challenge of feeding the world’s growing population from the limited resources of production, including arable land and freshwater, is creating opportunities for the global biostimulants market. As a result, the market is estimated to double, increasing at a compound annual growth rate of 12.1%, garnering revenue of $5 billion by 2025 compared to $2.52 billion in 2019.
Frost & Sullivan – Global Biostimulants
“Dire needs for an efficient fertilizer to increase crop yield and combat abiotic stress among plants are driving farmers of the world to opt for alternatives, increasing the consumption of biostimulants,” said Arun Ramesh, Visionary Science Research Manager…