Bio Stimulants Market
Bio Stimulants Market Forecasts to 2030 - Global Analysis By Active Ingredient (Microbial, Seaweed Extract, Acid Based and Other Active Ingredients), Origin (Biosynthetic Biostimulants, Natural Biostimulants and Other Origins), Crop Type, Form, Application and By Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $3.98 BN |
Projected Year Value (2030) |
US $9.84 BN |
CAGR (2023 - 2030) |
13.8% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Europe |
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Bio Stimulants Market is accounted for $3.98 billion in 2023 and is expected to reach $9.84 billion by 2030 growing at a CAGR of 13.8% during the forecast period. Biostimulants are biologically produced compounds that are given to plants or soil in order to promote nutrient uptake, abiotic and biotic stress tolerance, and pest resistance. Biostimulants, as opposed to standard crop protection chemical inputs such as insecticides and herbicides, are unique single products with many routes for encouraging crop growth. Because of widespread soil health depletion caused by the abuse of chemical inputs and fertilizers, a rising number of traditional farmers in the country are adopting these biologicals into their agricultural regimes.
According to the Agricultural and Processed Food Products Export Development Authority on India, compared to 2019, the organic land area in India has increased by approx 300% in 2022 with more than 9 million hectres under cultiavtion.
Market Dynamics:
Driver:
Rise in government support to boost market growth
India is an agricultural country, with approximately fifty percent of the population relying on agricultural pursuits for a living. Growing farmer awareness of the benefits of agrochemicals, aided by numerous government initiatives and loans, is expected to drive market performance in the future. The Indian government has pushed agricultural biological development in response to the huge commercial potential and increased public awareness about the use of synthetic chemicals in agriculture and their negative effects on health and the environment.
Restraint:
Low-quality biostimulant commercialization
The proliferation of products of poor quality is due to a lack of transparency in patent protection regulations in many countries. Despite the fact that the biostimulants industry has low entry barriers and has allowed many rivals to begin operations, the market has grown fragmented into smaller pockets of market holdings. This has been a factor in regional or local manufacturers emitting low-quality items into the market in order to capitalize on the increased demand for biostimulants. Farmers are additionally attracted to these products because of their affordable prices from small-scale domestic manufacturers.
Opportunity:
Growing demand in organic agriculture
Chemical fertilizers and other chemical additives, such as synthetic insecticides and genetically modified crops, are not utilized in organic agriculture. Organic farming using organic nutrition sources is predicted to drive the growth of the Indian biostimulants market. Plants grown on organic farms are frequently lacking in nutrients due to nutrient deficiencies or low nutrient solubility in soil solutions. Plant stimulants boost nutrient solubility in soil solutions, increase soil cation exchange capacity (particularly in sandy soils), and supply nitrogen to crops. Bioinputs are becoming increasingly popular among both producers and consumers.
Threat:
Regulatory barriers
Biostimulants are not currently governed by any global standard classification. They are not classified as a distinct category with a standardized global definition. According to EBIC, there is disagreement in Europe over whether biostimulants should be classified as plant protection or plant nutrition, resulting in a divided set of contradictory perspectives on the products. In France, they are classified as additives, whereas in Germany, they are offered as plant straighteners or growth promoters.
Covid-19 Impact:
The pandemic epidemic first slowed the market due to different socioeconomic issues. Since the outbreak, the Government of India has recognized plant stimulants as one of the vital products, along with other crops that promote and safeguard biologicals. Initially, the market supply chain flow was impeded by a lack of migrant labor, transportation, and logistical delays. Companies are expected to rigorously use digital solutions and produce unique ingredients to maintain income generation, which might serve as growth potential even after COVID-19.
The foliar treatment segment is expected to be the largest during the forecast period
The foliar treatment application segment dominated the market throughout the projection period due to rising usage in plant foliar treatment, as the product is widely applied to the leaves to facilitate nutrient absorption. Biostimulants for plant foliar treatment are often sold in liquid form to facilitate application. Glycine betaine, IPA, and chelated nutrients are the most active compounds employed in foliar treatments. However, the treatment causes faster nutrition absorption through the leaves, increasing cellular activity and improving nutrient uptake.
The seaweed extract segment is expected to have the highest CAGR during the forecast period
Because of its capacity to trigger and directly enhance plant growth and defense reactions, the Seaweed Extract segment is expected to increase at a rapid pace throughout the estimated period. Due to increased seaweed production, there is an increasing demand for seaweed extract biostimulants. To accommodate the demand, organizations are also making money from the advent of the latest seaweed-based sustainable plant protection solutions. For instance, the Central Salt and Marine Chemicals Research Institute exhibited its liquid seaweed plant biostimulant in November 2019 during the 14th International Crop Science Conference & Exhibition (ICSCE), India's most exclusive agri-inputs event.
Region with largest share:
Because of supportive policies to expand organic food production, which is likely to drive the industry in the region, Europe accounted for the largest share throughout the dominance period. Germany is a significant producer of protein crops like field beans and field peas. It is also Europe's largest rapeseed producer. Additionally, rapeseed production is driven by a variety of purposes, including biofuel, food, and other industrial uses. Rapeseed demand in Germany exceeds domestic supply, necessitating the use of improved fertilizers such as biostimulants to increase crop production.
Region with highest CAGR:
Asia-Pacific is projected to command lucrative growth over the extrapolated period because of the existence of developing economies that include India and China. Asia-Pacific has the highest growth potential. The implementation of strict restrictions reducing the use of artificial chemicals that degrade soil quality has also aided market expansion. However, this is due to the expanding population and strong demand for organic, fertilizer-free, and artificial chemical-free veggies.
Key players in the market
Some of the key players in Bio Stimulants market include Agrinos AS, Atlantica Agricola SA, BASF SE, Biostadt India Limited, Eastman Chemical Company, Ilsa SpA, Isagro SpA, Italpollina SpA, Koppert Biological Systems, Lallemand Inc., Micromix Plant Health Ltd, Novozymes A/S, Omex Agrifluids Ltd, Tradecorp International, UPL Limited and Valagro SpA.
Key Developments:
In May 2022, UPL made a partnership with Kimitec’s MAAVi Innovation Center to deliver Biosolutions in the United States.
In October 2021, Tradecorp, a Spanish company expert in micronutrients and specialty fertilizers, launched the biostimulant Biimore, marketed as Quikon, in India. Biimore biostimulants are intended for fruit swelling and the development of horticultural and tree crops, and pre-flowering in broadacre legume crops.
In April 2021, The Government of India announced setting up a regulatory body and compliance requirements for the biostimulants market in India. The regulations require manufacturers to label their products with chemical composition, expiration dates, and mandatory pre-registration with the government.
Active Ingredients Covered:
• Microbial
• Seaweed Extract
• Acid Based
• Humic Acid
• Amino Acids
• Fulvic Acid
• Protein Hydrolysates
• Antioxidants
• Wetting Agents
• Soil Conditioners
• Enzymes
• Polysaccharides
• Trace Minerals
• Other Active Ingredients
Origins Covered:
• Biosynthetic Biostimulants
• Natural Biostimulants
• Other Origins
Crop Types Covered:
• Fruits and Vegetables
• Commercial Crops
• Pulses and Oilseeds
• Grains and Cereals
• Turfs & Ornamentals
• RoW Crops
• Forage Grasses
• Hydroponics
• Plantation Crops
• Fiber Crops
• Other Crop Types
Forms Covered:
• Dry
• Liquid Form
Applications Covered:
• Foliar Treatment
• Seed Treatment
• Soil Treatment
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Bio Stimulants Market, By Active Ingredient
5.1 Introduction
5.2 Microbial
5.3 Seaweed Extract
5.4 Acid Based
5.5 Humic Acid
5.6 Amino Acids
5.7 Fulvic Acid
5.8 Protein Hydrolysates
5.9 Antioxidants
5.10 Wetting Agents
5.11 Soil Conditioners
5.12 Enzymes
5.13 Polysaccharides
5.14 Trace Minerals
5.15 Other Active Ingredients
6 Global Bio Stimulants Market, By Origin
6.1 Introduction
6.2 Biosynthetic Biostimulants
6.3 Natural Biostimulants
6.4 Other Origins
7 Global Bio Stimulants Market, By Crop Type
7.1 Introduction
7.2 Fruits and Vegetables
7.2.1 Fruits
7.2.1.1 Citrus fruits
7.2.1.2 Grapes
7.2.1.3 Apple
7.2.1.4 Strawberry
7.2.2 Vegetables
7.2.2.1 Solanaceous and Root Crops
7.2.2.1.1 Onion
7.2.2.1.2 Capsicum and Chilies
7.2.2.1.3 Tomatoes
7.2.2.1.4 Potatoes
7.2.2.2 Leafy Vegetables
7.2.2.2.1 Cauliflower
7.2.2.2.2 Cabbage
7.2.2.2.3 Spinach
7.2.2.2.4 Lettuce
7.3 Commercial Crops
7.4 Pulses and Oilseeds
7.5 Grains and Cereals
7.6 Turfs & Ornamentals
7.7 RoW Crops
7.7.1 Rapeseed/Mustard
7.7.2 Soybeans
7.7.3 Rice
7.7.4 Wheat
7.7.5 Corn
7.8 Forage Grasses
7.9 Hydroponics
7.10 Plantation Crops
7.11 Fiber Crops
7.12 Other Crop Types
8 Global Bio Stimulants Market, By Form
8.1 Introduction
8.2 Dry
8.3 Liquid Form
9 Global Bio Stimulants Market, By Application
9.1 Introduction
9.2 Foliar Treatment
9.3 Seed Treatment
9.4 Soil Treatment
9.5 Other Applications
10 Global Bio Stimulants Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Agrinos AS
12.2 Atlantica Agricola SA
12.3 BASF SE
12.4 Biostadt India Limited
12.5 Eastman Chemical Company
12.6 Ilsa SpA
12.7 Isagro SpA
12.8 Italpollina SpA
12.9 Koppert Biological Systems
12.10 Lallemand Inc.
12.11 Micromix Plant Health Ltd
12.12 Novozymes A/S
12.13 Omex Agrifluids Ltd
12.14 Tradecorp International
12.15 UPL Limited
12.16 Valagro SpA
List of Tables
1 Global Bio Stimulants Market Outlook, By Region (2021-2030) ($MN)
2 Global Bio Stimulants Market Outlook, By Active Ingredient (2021-2030) ($MN)
3 Global Bio Stimulants Market Outlook, By Microbial (2021-2030) ($MN)
4 Global Bio Stimulants Market Outlook, By Seaweed Extract (2021-2030) ($MN)
5 Global Bio Stimulants Market Outlook, By Acid Based (2021-2030) ($MN)
6 Global Bio Stimulants Market Outlook, By Humic Acid (2021-2030) ($MN)
7 Global Bio Stimulants Market Outlook, By Amino Acids (2021-2030) ($MN)
8 Global Bio Stimulants Market Outlook, By Fulvic Acid (2021-2030) ($MN)
9 Global Bio Stimulants Market Outlook, By Protein Hydrolysates (2021-2030) ($MN)
10 Global Bio Stimulants Market Outlook, By Antioxidants (2021-2030) ($MN)
11 Global Bio Stimulants Market Outlook, By Wetting Agents (2021-2030) ($MN)
12 Global Bio Stimulants Market Outlook, By Soil Conditioners (2021-2030) ($MN)
13 Global Bio Stimulants Market Outlook, By Enzymes (2021-2030) ($MN)
14 Global Bio Stimulants Market Outlook, By Polysaccharides (2021-2030) ($MN)
15 Global Bio Stimulants Market Outlook, By Trace Minerals (2021-2030) ($MN)
16 Global Bio Stimulants Market Outlook, By Other Active Ingredients (2021-2030) ($MN)
17 Global Bio Stimulants Market Outlook, By Origin (2021-2030) ($MN)
18 Global Bio Stimulants Market Outlook, By Biosynthetic Biostimulants (2021-2030) ($MN)
19 Global Bio Stimulants Market Outlook, By Natural Biostimulants (2021-2030) ($MN)
20 Global Bio Stimulants Market Outlook, By Other Origins (2021-2030) ($MN)
21 Global Bio Stimulants Market Outlook, By Crop Type (2021-2030) ($MN)
22 Global Bio Stimulants Market Outlook, By Fruits and Vegetables (2021-2030) ($MN)
23 Global Bio Stimulants Market Outlook, By Fruits (2021-2030) ($MN)
24 Global Bio Stimulants Market Outlook, By Vegetables (2021-2030) ($MN)
25 Global Bio Stimulants Market Outlook, By Commercial Crops (2021-2030) ($MN)
26 Global Bio Stimulants Market Outlook, By Pulses and Oilseeds (2021-2030) ($MN)
27 Global Bio Stimulants Market Outlook, By Grains and Cereals (2021-2030) ($MN)
28 Global Bio Stimulants Market Outlook, By Turfs & Ornamentals (2021-2030) ($MN)
29 Global Bio Stimulants Market Outlook, By RoW Crops (2021-2030) ($MN)
30 Global Bio Stimulants Market Outlook, By Rapeseed/Mustard (2021-2030) ($MN)
31 Global Bio Stimulants Market Outlook, By Soybeans (2021-2030) ($MN)
32 Global Bio Stimulants Market Outlook, By Rice (2021-2030) ($MN)
33 Global Bio Stimulants Market Outlook, By Wheat (2021-2030) ($MN)
34 Global Bio Stimulants Market Outlook, By Corn (2021-2030) ($MN)
35 Global Bio Stimulants Market Outlook, By Forage Grasses (2021-2030) ($MN)
36 Global Bio Stimulants Market Outlook, By Hydroponics (2021-2030) ($MN)
37 Global Bio Stimulants Market Outlook, By Plantation Crops (2021-2030) ($MN)
38 Global Bio Stimulants Market Outlook, By Fiber Crops (2021-2030) ($MN)
39 Global Bio Stimulants Market Outlook, By Other Crop Types (2021-2030) ($MN)
40 Global Bio Stimulants Market Outlook, By Form (2021-2030) ($MN)
41 Global Bio Stimulants Market Outlook, By Dry (2021-2030) ($MN)
42 Global Bio Stimulants Market Outlook, By Liquid Form (2021-2030) ($MN)
43 Global Bio Stimulants Market Outlook, By Application (2021-2030) ($MN)
44 Global Bio Stimulants Market Outlook, By Foliar Treatment (2021-2030) ($MN)
45 Global Bio Stimulants Market Outlook, By Seed Treatment (2021-2030) ($MN)
46 Global Bio Stimulants Market Outlook, By Soil Treatment (2021-2030) ($MN)
47 Global Bio Stimulants Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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