Consumers have stepped up their demand for food produced more sustainably, with fewer “hard” chemicals and more compounds from nature. Biostimulants are helping increasing numbers of growers answer that call.
“Growers are embracing these products rapidly as they search for ‘greener’ options to produce their crops,” says Rad Page, Chief Commercial Officer for PlantResponse. “They’re also demanding that these products have solid science behind them and produce a consistent return on their investment. We think these expectations are driving the increased investment and innovation in this market segment.”
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The global biostimulant market is currently valued at approximately $2 billion, reports Dr. John Bailey, National Row Crops Product Manager with Timac Agro USA. “Europe has the largest share at around 45%, North America and Asia have approximately 20% each, and Latin America comes in at around 15%.”
Read the full story at CropLife, AgriBusiness Global’s sister publication.