Biostimulants - #SectorUpdates
Applying biostimulants to soil or plants can increase their ability to withstand biotic and abiotic stress, as well as their ability to absorb nutrients and protect themselves from pests. The adoption of organic farming is fueled by the strong demand for organic foods, which may also increase the adoption of the product. Additionally, increasing investments to increase production per acre may increase demand for the product. These elements could increase India’s market share for biostimulants in the upcoming years. In 2021, the India biostimulants market had a value of USD 230.98 million. By 2029, the market is anticipated to have increased to USD 734.13 million from USD 266.58 million in 2022. Growing market development is supported by expanding demand for organic farming and rising yield per hectare investment.