Biostimulants - Global Industry Size, Share, Trends, Analysis and Forecast 2017 – 2023
Global Biostimulants Market is accounted for $1.50 billion in 2016 and expected to grow at a CAGR of 14.1% to reach $3.79 billion by 2023. The market is expected to grow gradually due to growing importance for organic products in agriculture industry. Rising government funding and increasing concerns regarding sustainable agriculture has broaden the scope for biostimulant manufacturers. On the other hand, huge R&D costs and lack of awareness about biostimulants products are inhibiting the market growth.
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