South Africa Biostimulants Market is projected to grow at a CAGR of 4.7% during 2023-2029

Foliar by applications garnered the largest revenue share in South Africa Biostimulants Market – 6Wresearch

By Applications, Foliar segment dominated revenue in 2022, driven by the advantages to delivers a more efficient and faster uptake of nutrients using biostimulants. Foliar spraying is an effective approach to correct nutrient deficiencies and promote crop health in South Africa, as some locations may have nutrient-deficient soils in south Africa.

According to 6Wresearch, South Africa Biostimulants Market is projected to grow at a CAGR of 4.7% during 2023-2029. The biostimulants market in South Africa is on a growth trajectory, driven by the country’s growing agricultural sector which is expected to generate 50% more food by 2050 and government initiatives of sustainable development that emphasises ecologically friendly and sustainable farming practises, is expected to boost demand for biostimulants in the foreseeable future. The South African government recognises organic farming's potential for long-term growth. Several policies and efforts, including financial incentives and technical assistance programmes, have been adopted to boost organic and sustainable agriculture. The 2017 National Policy on Organic Production and Development highlights the government's commitment to supporting organic farming. Thus, the government policies and regulations promoting sustainable agriculture, including reduced chemical inputs and increased use of Biostimulants, were a driving force in the market and would further propel the demand for Biostimulants in the coming years.

According to Ravi Bhandari, Research Head, 6Wresearch, seaweed extract holds the highest revenue share in South Africa biostimulant market due to its potent natural compounds that significantly enhance plant growth, nutrient absorption, and stress tolerance.

The South Africa Biostimulants Market (2023-2029) report provides an in-depth analysis with 18 figures and 6 tables, covered in 72 pages. The report comprehensively covers the market by form, active ingredients and applications. The report provides a detailed as well as unbiased analysis of the on-going drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future market dynamics.