Biostimulants Market Worth $7.6 Billion By 2029 - Exclusive Report By Marketsandmarketstm


(MENAFN- PR Newswire) Europe's agricultural sector plays a significant role in occupying land, according to the European Environment Agency. The region has many small farms that practice intensive farming and cultivate various crops. These factors contribute to its strong agricultural sector, making Europe one of the leading consumers of biostimulants. The European Biostimulants Industry Council (EBIC) plays a pivotal role in promoting the biostimulants sector's contribution to assisting farmers in cultivating sufficient quantities of high-quality crops profitably, while also employing resources efficiently. EBIC advocates for a regulatory framework that fosters a unified European market for biostimulants and acknowledges their role in promoting sustainable agricultural production, driving green innovation, fostering economic growth, and advancing other societal objectives. The utilization of biostimulants in agriculture is rapidly gaining momentum across Europe. Initially concentrated in lucrative sectors such as wine-growing, horticulture, and fruit-growing, their application is now expanding to encompass herbaceous field crops.

Key players in this market include BASF SE (Germany), UPL (India), FMC Corporation (US), Rallies India Limited (India), Sumitomo Chemical Co., Ltd. (Japan), Corteva. (US), Nufarm (Australia), Syngenta Crop Protection AG (Switzerland), PI Industries (India), ILSA S.p.A. (Italy), Coromandel International Limited (India), Haifa Group (Israel), T.Stanes and Company Limited (India), Gowan Company (US), and Koppert (The Netherlands).

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