Biostimulants Market is Expected to Reach a CAGR of 11% During 2015-2025
Verfasser: pradnya_86 on Wednesday, 8 November 2017Demand for biostimulants is expected to surpass US$ 4 billion in revenues, according to a new research report by Future Market Insights (FMI). The report titled, “Biostimulants Market: Global Industry Analysis and Opportunity Assessment 2015-2025” forecasts the demand for biostimulants to expand at a CAGR of nearly 11% through 2025.
Biostimulants are finding increasing application in the agriculture sector owing to their environmentally-friendly and organic nature. Rising food demand is putting pressure on land and focus has shifted to enhancing the yield per hectare.
“Governments around the world are speeding up efforts to boost agricultural production. Use of biostimulants is being encouraged to improve the overall output, and this is expected to fuel demand in the near future”, said the FMI analyst who compiled the report.
Although FMI expects the demand for biostimulants to expand at a robust pace during the forecast period 2015-2025, certain factors can impede growth. “Lack of standardisation and slow pace of innovation are the key restraining factors for the global biostimulants market.”
Read Report Overview@ https://www.futuremarketinsights.com/reports/biostimulants-market