Biostimulant Market to Valued Increase $4,089 Million by 2023
The global biostimulant market was valued at $1,784 million in 2016 and is expected to reach $4,089 million by 2023, registering a CAGR of 12.6% from 2017 to 2023. Biostimulants are biologically produced fertilizers that are used to stimulate plant development and productivity, in addition to the nourishment of agrarian products. A biostimulant boosts plant development and growth throughout the crop life cycle, i.e., from seed germination to plant maturity. These fertilizers further help in facilitating nutrient translocation, assimilation, and...
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