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Biostimulants Market Size Worth USD 5.35 Billion at 10.65% CAGR by 2027; Increasing Incidence of Abiotic Land Stress Worldwide to Propel Demand, Says Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, Aug. 14, 2020 (GLOBE NEWSWIRE) — The global biostimulants market size is expected to showcase an exponential growth by reaching USD 5.35 billion by 2027 while exhibiting a CAGR of 10.65% between 2020 and 2027. This is attributable to the increasing incidence of abiotic stress inland and the growing demand for organic food products across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Biostimulants Market Size, Share & COVID-19 Impact Analysis, By Source (Microbial, Non-Microbial), Active Ingredients (Seaweed Extracts, Humic Substances, Vitamins & Amino Acids, Microbial Amendments, Others), Application (Foliar Application, Soil Treatment, & Seed Treatment), Crop, and Regional Forecast, 2020 – 2027.” The report further observes that the market was worth USD 2.50 billion in 2019 and is likely to showcase a significant growth in the forthcoming years.https://www.fortunebusinessinsights.com/industry-reports/biostimulants-market-100414
The pandemic situation, owing to the novel coronavirus has kept the world economy reeling and mostly negative. The effects were felt on the agricultural sector as the halt of operations led to a complete disruption in the supply chain of the products. However, the increasing demand for bio-based organic food products and sustainable agri-inputs is driving the companies to resume operations by practicing all the required safety measures.Our continuous efforts are ensuring that your business sustains and grows amid the COVID-19 situation. Therefore, we offer you a detailed analysis, based on our experience and expertise, across the sector to help you prepare for the near future.

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