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1. What are biostimulants?
Biostimulants are substances derived from seaweed extracts, humic and fulvic substances, amino acids, vitamins, and beneficial microbes. They are used in farming to improve crop health and yield without relying solely on synthetic chemicals or nutrients.
2. How do biostimulants work?
Biostimulants enhance a plant's natural physiological functions. They improve nutrient use efficiency, increase tolerance to environmental stress (such as drought or extreme temperatures), and stimulate healthy growth. They are not fertilizers but work alongside them to optimize plant performance.
3. Why are biostimulants important for sustainable farming?
Biostimulants offer an environmentally friendly alternative to traditional pesticides and chemical fertilizers. By promoting a plant's innate health and resilience, they help reduce the need for synthetic inputs, leading to a smaller environmental footprint.
4. What is the current market size and growth forecast for biostimulants?
The global biostimulants market is projected to reach USD 13 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 15.64% per year.
5. How is India addressing the use of biostimulants?
India is making strides in agricultural transformation through biostimulants. The Indian Council of Agricultural Research (ICAR) is developing and standardizing procedures and protocols to ensure effective and safe use of biostimulants in farming.
6. How can Micro, Small, and Medium Enterprises (MSMEs) contribute to the biostimulant sector?
MSMEs play a key role in the biostimulant sector by fostering localized innovations, addressing supply-chain challenges, and developing solutions to meet the increasing demand for sustainable agricultural practices. Their involvement is crucial for scaling the adoption of biostimulants across India.