Booming Biostimulants: Market Set for 12% Annual Growth to Reach $9.6 Billion by 2032
Global Biostimulants Market Outlook biostimulants market is witnessing a significant surge in demand, projected to register a robust Compound Annual Growth Rate (CAGR) of 12.05% by the end of 2032. This exponential growth trajectory, as forecasted by Market Research Future (MRFR), underscores the burgeoning interest in high-value crops and organic agriculture practices. Biostimulants, hailed as sustainable solutions for enhancing crop productivity and resilience, are poised to play a pivotal role in shaping the future of agriculture. Driving Factors: High Demand for High-Value Crops: The increasing preference for high-value crops such as fruits, vegetables, and specialty crops has fueled the demand for biostimulants. These crops command premium prices in the biostimulants market and require tailored agricultural inputs to maximize yield and quality. Biostimulants offer a natural and effective means to enhance plant growth, nutrient uptake, and stress tolerance, thereby supporting th