Biostimulants Market
Biostimulants Market Forecasts to 2030 - Global Analysis By Active Ingredient (Amino Acid, Fulvic Acid, Humic Acid, Protein Hydrolysates and Seaweed Extracts), Crop Type (Row Crops, Turf & Ornamentals, Fruits, Vegetables and Other Crop Types), Form, Application and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $3.81 BN |
|
Projected Year Value (2030) |
US $7.81 BN |
|
CAGR (2024 - 2030) |
12.7% |
|
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 |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Biostimulants Market is accounted for $3.81 billion in 2024 and is expected to reach $7.81 billion by 2030 growing at a CAGR of 12.7% during the forecast period. Biostimulants are naturally derived substances or microorganisms applied to plants or soils to enhance growth, yield, and overall health. Unlike traditional fertilizers that provide essential nutrients, biostimulants work by stimulating natural processes to improve nutrient uptake, stress tolerance, and soil health. By improving soil microbial activity, biostimulants also contribute to better soil structure and fertility. Their use is gaining popularity as a sustainable agricultural practice, reducing the need for chemical inputs and promoting environmentally friendly farming.
According to the Agricultural and Processed Food Products Export Development Authority (APEDA), in 2022-2023, agricultural land under organic production was 2,664,679.54 MT in India.
Market Dynamics:
Driver:
Rising adoption of precision agriculture
Precision agriculture utilizes advanced technologies such as GPS, sensors, drones, and IoT devices to optimize agricultural practices, including crop management, irrigation, and fertilization. Biostimulants, which are natural or synthetic substances applied to crops to enhance nutrient uptake, stress tolerance, and overall growth, play a pivotal role in this paradigm. By precisely targeting areas of need within fields, farmers can optimize the application of biostimulants, maximizing their effectiveness while minimizing waste. Additionally, as precision agriculture enables farmers to monitor crop health and soil conditions with greater accuracy, the demand for biostimulants tailored to specific crops and environmental conditions is on the rise.
Restraint:
High research and development costs
Developing innovative biostimulant products demands extensive investment in scientific research, field trials, and regulatory approvals. These costs are amplified by the complexity of biostimulant formulations, requiring rigorous testing for efficacy, safety, and environmental impact. The regulatory landscape surrounding biostimulants is evolving, necessitating ongoing investments to comply with changing standards and requirements. Such substantial R&D expenditures pose challenges for smaller companies entering the market, limiting competition and innovation.
Opportunity:
Rising organic farming practices
With increasing consumer demand for sustainable and environmentally friendly agricultural practices, farmers are turning towards organic methods to cultivate crops. Biostimulants, which are substances applied to plants or soils to enhance nutrient uptake, stress tolerance, and overall growth, align perfectly with the ethos of organic farming. These biostimulants, often derived from natural sources like seaweed extracts, humic acids, and beneficial microbes, contribute to healthier plants and higher yields without relying heavily on synthetic chemicals. As organic farming gains traction worldwide due to its perceived health and environmental benefits, the demand for biostimulants is expected to escalate.
Threat:
Inconsistent efficacy
Biostimulants, designed to enhance plant growth, yield, and stress tolerance, vary widely in composition and effectiveness. This variability stems from diverse formulations, ranging from seaweed extracts to microbial inoculants, resulting in inconsistent outcomes across different crops, soil types, and environmental conditions. The lack of standardized testing protocols and regulatory frameworks further exacerbates this issue, making it difficult for farmers to select and trust biostimulant products. As a result, the market encounters hurdles in gaining widespread adoption and credibility among agricultural stakeholders.
Covid-19 Impact:
Disruptions in the global supply chain and restrictions on movement have hindered the production and distribution of biostimulant products, leading to temporary setbacks. Economic uncertainties have prompted some farmers to reduce discretionary spending, affecting their willingness to invest in biostimulant solutions. However, the pandemic has also highlighted the importance of sustainable agriculture practices, driving interest in biostimulants as a means to enhance crop resilience and productivity.
The Humic Acid segment is expected to be the largest during the forecast period
Humic Acid segment is expected to be the largest during the forecast period. Humic acid enhances soil structure, improving water retention and nutrient uptake by plants. Its ability to chelate micronutrients makes them more accessible to plants, fostering healthier growth and increased yields. Moreover, humic acid stimulates microbial activity in the soil, promoting symbiotic relationships between plants and beneficial microbes, which aids in nutrient cycling and disease suppression.
The Seed Treatment segment is expected to have the highest CAGR during the forecast period
Seed Treatment segment is expected to have the highest CAGR during the forecast period. By treating seeds with biostimulant products, farmers are able to optimize the germination process, enhance root development, and improve overall plant vigor. This practice not only ensures better crop establishment but also boosts resilience against environmental stresses such as drought or disease. Biostimulant-treated seeds promote nutrient uptake efficiency, leading to healthier plants and potentially higher yields. Moreover, seed treatment offers a convenient and efficient method of application, seamlessly integrating biostimulants into existing agricultural practices.
Region with largest share:
North America region commanded the largest share of the market throughout the extrapolated period. With increasing awareness about the detrimental effects of chemical fertilizers and pesticides on soil quality and crop productivity, farmers are turning towards sustainable agricultural practices. Biostimulants, which comprise various organic compounds, microorganisms, and other substances, offer a natural and environmentally friendly solution to enhance soil fertility, nutrient uptake, and overall plant health across the region. This shift towards sustainable agriculture aligns with consumer preferences for healthier and eco-friendly food products, further propelling the regional demand for biostimulants.
Region with highest CAGR:
Europe region is poised to hold profitable growth during the projected period. Regulatory frameworks, such as the European Union's REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) regulation, have prioritized environmental sustainability and safety, prompting increased scrutiny and demand for biostimulant products. Additionally, these regulations ensure that only safe and effective products enter the market, fostering consumer confidence and driving innovation among manufacturers to develop environmentally friendly solutions across the region.
Key players in the market
Some of the key players in Biostimulants market include Acadian Seaplants Limited, BASF SE, BioAtlantis Ltd, Biostadt India Limited, FMC Corporation, Isagro Group, Koppert B.V., Novozymes A/S, Omex Agrifluids Ltd, Platform Specialty Products Corporation, Sapec Agro S.A, Syngenta AG, UPL Corporation Limited and Valagro SpA.
Key Developments:
In May 2023, Yara International announced the construction of a new global production plant for biostimulants and specialty crop nutrition products, which were designed to increase yields and improve quality.
In January 2023, Sumitomo Chemical Co., Ltd., one of the major Japanese chemical companies, acquired FBSciences Holdings, Inc., a U.S.-based biostimulants manufacturing company.
In March 2022, Valagro collaborated with its Indian subsidiary Valagro Biosciences to launch its innovative biostimulant Talete in the Indian market. Talete is the solution created by Valagro to increase Crop Water Productivity.
In February 2022, LIPOFABRIK, a start-up specializing in plant protection and biostimulant products, developed a unique biostimulant based on Bacillus subtilis, Plant Boost. The product is currently authorized in Belgium, France, Spain, the Netherlands, Germany, Italy, and the U.K.
Active Ingredients Covered:
• Amino Acid
• Fulvic Acid
• Humic Acid
• Protein Hydrolysates
• Seaweed Extracts
Crop Types Covered:
• Row Crops
• Turf & Ornamentals
• Fruits
• Vegetables
• Other Crop Types
Forms Covered:
• Liquid
• Dry
Applications Covered:
• Foliar Treatment
• Seed Treatment
• Soil Treatment
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 2022, 2023, 2024, 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 Biostimulants Market, By Active Ingredient
5.1 Introduction
5.2 Amino Acid
5.3 Fulvic Acid
5.4 Humic Acid
5.5 Protein Hydrolysates
5.6 Seaweed Extracts
6 Global Biostimulants Market, By Crop Type
6.1 Introduction
6.2 Row Crops
6.2.1 Corn
6.2.2 Soybeans
6.2.3 Wheat
6.3 Turf & Ornamentals
6.4 Fruits
6.4.1 Strawberry
6.4.2 Apple
6.4.3 Citrus Fruits
6.4.4 Grapes
6.5 Vegetables
6.5.1 Capsicum and Chilies
6.5.2 Onion
6.5.3 Potatoes
6.5.4 Tomatoes
6.6 Other Crop Types
7 Global Biostimulants Market, By Form
7.1 Introduction
7.2 Liquid
7.3 Dry
8 Global Biostimulants Market, By Application
8.1 Introduction
8.2 Foliar Treatment
8.3 Seed Treatment
8.4 Soil Treatment
9 Global Biostimulants Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Acadian Seaplants Limited
11.2 BASF SE
11.3 BioAtlantis Ltd
11.4 Biostadt India Limited
11.5 FMC Corporation
11.6 Isagro Group
11.7 Koppert B.V.
11.8 Novozymes A/S
11.9 Omex Agrifluids Ltd
11.10 Platform Specialty Products Corporation
11.11 Sapec Agro S.A
11.12 Syngenta AG
11.13 UPL Corporation Limited
11.14 Valagro SpA
List of Tables
1 Global Biostimulants Market Outlook, By Region (2022-2030) ($MN)
2 Global Biostimulants Market Outlook, By Active Ingredient (2022-2030) ($MN)
3 Global Biostimulants Market Outlook, By Amino Acid (2022-2030) ($MN)
4 Global Biostimulants Market Outlook, By Fulvic Acid (2022-2030) ($MN)
5 Global Biostimulants Market Outlook, By Humic Acid (2022-2030) ($MN)
6 Global Biostimulants Market Outlook, By Protein Hydrolysates (2022-2030) ($MN)
7 Global Biostimulants Market Outlook, By Seaweed Extracts (2022-2030) ($MN)
8 Global Biostimulants Market Outlook, By Crop Type (2022-2030) ($MN)
9 Global Biostimulants Market Outlook, By Row Crops (2022-2030) ($MN)
10 Global Biostimulants Market Outlook, By Corn (2022-2030) ($MN)
11 Global Biostimulants Market Outlook, By Soybeans (2022-2030) ($MN)
12 Global Biostimulants Market Outlook, By Wheat (2022-2030) ($MN)
13 Global Biostimulants Market Outlook, By Turf & Ornamentals (2022-2030) ($MN)
14 Global Biostimulants Market Outlook, By Fruits (2022-2030) ($MN)
15 Global Biostimulants Market Outlook, By Strawberry (2022-2030) ($MN)
16 Global Biostimulants Market Outlook, By Apple (2022-2030) ($MN)
17 Global Biostimulants Market Outlook, By Citrus Fruits (2022-2030) ($MN)
18 Global Biostimulants Market Outlook, By Grapes (2022-2030) ($MN)
19 Global Biostimulants Market Outlook, By Vegetables (2022-2030) ($MN)
20 Global Biostimulants Market Outlook, By Capsicum and Chilies (2022-2030) ($MN)
21 Global Biostimulants Market Outlook, By Onion (2022-2030) ($MN)
22 Global Biostimulants Market Outlook, By Potatoes (2022-2030) ($MN)
23 Global Biostimulants Market Outlook, By Tomatoes (2022-2030) ($MN)
24 Global Biostimulants Market Outlook, By Other Crop Types (2022-2030) ($MN)
25 Global Biostimulants Market Outlook, By Form (2022-2030) ($MN)
26 Global Biostimulants Market Outlook, By Liquid (2022-2030) ($MN)
27 Global Biostimulants Market Outlook, By Dry (2022-2030) ($MN)
28 Global Biostimulants Market Outlook, By Application (2022-2030) ($MN)
29 Global Biostimulants Market Outlook, By Foliar Treatment (2022-2030) ($MN)
30 Global Biostimulants Market Outlook, By Seed Treatment (2022-2030) ($MN)
31 Global Biostimulants Market Outlook, By Soil Treatment (2022-2030) ($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
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
