Agriculture biostimulants include different substance formulas that are applied to plant, seed, or soil in order to adjust and improve the physiological processes of crops; thus making them more efficient. The biostimulants act on the physiology of plants through other means than the nutrient, enhancing the vigor, yield and quality as well as contribute to the conservation of the soil after cultivation.
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Biostimulants favour the growth and development of plants during the whole life cycle of the crop, from seed germination to plant maturity by improving the efficacy of plant metabolism. In extreme temperatures, irregular rainfall and other stressful growing conditions related to climate change require resilient crops, where biostimulants increase plant tolerance to and recovery from abiotic stresses. In addition, by facilitating nutrient assimilation, translocation and use, biostimulants help to keep nutrients from leaching or running off into neighboring ecosystems. This means a higher return on investment for farmers and better use of the natural resources. Moreover, biostimulants can also enhance the quality attributes of produce, including sugar content, colour, fruit seeding, etc. Enhanced quality means higher incomes for farmers, better storage, and more nutritious food for consumers. Also, biostimulants help to protect and improve soil health by fostering the development of beneficial soil microorganisms. Healthier soil retains water more effectively and better resists erosion.
Further, in organic production systems, use of conventional chemical is restricted due to its residue in produce and hazardous effects, ultimately boosting the adoption of biostimulants which represents one of the most significant crop protection and crop enhancement tools that a grower has to use to produce a quality crop. With compelling government regulations for food safety and environmental concern, the adoption of biostimulants is further expected to increase to improve crop quality and yield by preventing pest damage and promoting physiological benefits in plants.
Thus, owing to these benefits, the adoption of biostimulants is increasing worldwide, thereby driving the growth of global biostimulants market, which is expected to grow at a CAGR of 12.7% to reach USD 3,040.3 million by 2022, according to the Meticulous Research.
Browse in depth Report: Biostimulants Market- Global Opportunity Analysis and Industry Forecasts to 2022