Technical Podcast Episode 12 - Biostimulants: Opportunity and Expansion
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A new global study on biostimulants quantifies the increased interest growers have for these tools.
The study by DunhamTrimmer, a leading firm for biologicals market data and consulting, was carried out by Manel Cervera, while Vatren Jurin is the company authority on value-added fertilizers.
Redox Bio-Nutrients is identified as a top 20 company in the world in biostimulants. Biostimulants are a nearly $4.5 billion-dollar global market, with a compound annual growth rate just shy of 10 percent – which would put 2030 market value at nearly 8 billion dollars. While the United States remains the largest single market, tremendous growth is reported in several parts of the world, including Latin America, Asia and Europe.
Fruits and vegetables are most popular for biostimulants, while row crops and cereals are seen as the next major game changer.