Biostimulants Market Forecasts to 2028 – Global Analysis By Form (Liquid, Dry), Ingredients (Acid, Extract, Other), Crop (Hydroponics, Fruits & Vegetables, Turfs & Ornamentals), Source, End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $3.20 BN |
|
Projected Year Value (2028) |
US $8.06 BN |
|
CAGR (2021 - 2028) |
14.1% |
|
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 |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Biostimulants Market is accounted for $3.20 billion in 2021 and is expected to reach $8.06 billion by 2028 growing at a CAGR of 14.1% during the forecast period. Biostimulant is an organic material which, when applied in small amounts, enhances plant growth and development such that the response cannot be attributed to the application of traditional plant nutrients. Biostimulants are a mixture of seaweed extracts, microorganisms, trace elements, enzymes, and plant hormones. They may increase antioxidants, increase water-holding capacity, nutrient availability, enhance metabolism, and increase chlorophyll production of the plants.
Market Dynamics:
Driver:
Growing organic farming
In recent years, the demand for healthy food without chemical residues produced in an environment-friendly and sustainable way has risen. The awareness drives the increasing use of organic fertilizers to quest for the organic food industry, replacing conventional farming methods relying heavily on chemical fertilizers. Biostimulants have an important role in organic farming and organic gardening for crop nutrition and crop protection. In addition, biostimulants applied to plants enhance nutrition efficiency, abiotic stress tolerance, and/or plant quality traits, regardless of their nutrient contents. Biostimulants or biofertilizers are relevant components of sustainable agriculture and have the potential to tip the balance in favor of organic cultivation methods.
Restraint:
Low-quality biostimulant products
Lack of transparency in patent protection laws in various countries has led to the prevalence of low-quality products. The low prices of the products from small-scale domestic manufacturers attract farmers to purchase them, which is in turn hampering the sales of biostimulants.
Opportunity:
Rising support from government
The rising agricultural emissions have encouraged the government to upscale the production of high-quality agricultural products with lesser or no emissions. Governments across the globe are trying to educate farmers about various benefits offered by bio-stimulant through the launch of programs. These governmental efforts provide opportunities significantly which aid market growth in the forthcoming years. The number of associations formed for the regulation of novel products like these stimulants is increasing across the globe which is predicted to be beneficial for the growth of the market.
Threat:
Prevalence of uncertainty on the regulatory framework of biostimulants
Biostimulants have not yet being governed under any standard categorization across the globe. Currently, biostimulants are not classified as a specific category with a consistent global definition. The lack of proper regulatory framework leads to the manufacture and sales of many questionable products in the market. This further impacts the adoption rate of biostimulants in the global markets.
The foliar segment is expected to be the largest during the forecast period
The application of bio-stimulant through foliar spray or treatment potentially maximizes the production efficiency in several crops. Foliar sprays are very beneficial for numerous high-value crops and are extremely convenient to apply on plants (leaves or foliage) as compared to the other application methods.
The seaweed extracts segment is expected to have the highest CAGR during the forecast period
Seaweed extracts are rich in phytohormones and trace elements for plant growth. Seaweed extracts enhance soil fertility and increase crop productivity under various environmental stress conditions. The application of seaweed extracts improves soil structure and aeration, increases biotic and abiotic stress tolerance, enhances seed germination, and stimulates root growth, flower set, and fruit production thus their market is estimated to attain fast growth.
Region with largest share:
Asia Pacific is projected to hold the largest market share due to the agriculture industry in Asia, particularly in the Southeast Asian countries, has witnessed effective transformation due to various technological advancements. The rise in the adoption of quality agriculture products by Asian producers is also expected to contribute to the biostimulants market growth.
Region with highest CAGR:
Europe is projected to have the highest CAGR due to its regulatory framework, as well as the proper definition that causes a greater number of manufacturers to lean towards their manufacturing. To meet the increased demand for bio-stimulants in the agricultural sector of the region manufacturers are launching products and making strategic decisions and on the market. For instance, Bioiberica launched Equilibrium developed specifically for the beginning of the ripening of the fruits and the picking.
Key players in the market:
Some of the key players profiled in the Biostimulants Market include Valagro SpA, Syngenta, Novozymes, Koppert B.V., Italpollina SpA, Isagro, Biostadt India Ltd., Biolchim SpA., Bayer, BASF SE, Agrinos AS and Adama LTD.
Key developments:
In March 2021: Gowan Company acquired Isagro S.p.A. This purchase expands Gowan’s commercial opportunities, deepens scientific capability and introduces chemical synthesis.
In June 2021: UPL launched a new range of Biostimulant products based on GoActiv Technology, designed to address specific crop physiological or abiotic stresses in fruits, vegetables, vines and tree crops.
In March 2020: Valagro launched Talete a new biostimulant, originating from the exclusive GeaPower technology platform, to increase crop water productivity.
In February 2019: Itapollina launched an innovative biostimulants product (Tandem) containing Trichoderma atroviride strains, and enriched with vegetal peptides to promote rooting, increases seed germination and plant growth.
Form Covered:
• Liquid
• Dry
Active Ingredients Covered:
• Acid-Based
• Microbial Soil Amendments
• Extract-Based
• Other Active Ingredients
Crop Types Covered:
• Hydroponics
• Fruits & Vegetables
• Turfs & Ornamentals
• Ornamental Plants and Herbs
• Landscape
• Commercial Crops
• Row Crops
• Other Crop Types
Sources Covered:
• Microbial
• Non-microbial
Mode of Applications Covered:
• Soil Treatment
• Foliar
• Seed treatment
Origins Covered:
• Natural
• Synthetic
End Users Covered:
• Agriculture Industries
• Farmers
• Research Institutes
Distribution Channels Covered:
• Indirect
• Direct
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 2020, 2021, 2022, 2025 and 2028
- 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
o 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 End User 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 Form
5.1 Introduction
5.2 Liquid
5.2.1 Emulsifiable Concentrates
5.2.2 Soluble Liquid Concentrates
5.2.3 Suspension Concentrates
5.3 Dry
5.3.1 Water Dispersible
5.3.2 Wettable Powder
5.3.3 Dry Granules
6 Global Biostimulants Market, By Active Ingredients
6.1 Introduction
6.2 Acid-Based
6.2.1 Humic Substances
6.2.1.1 Humic Acid
6.2.1.2 Fulvic Acid
6.2.2 Amino Acids
6.2.3 Organic Acids
6.3 Microbial Soil Amendments
6.3.1 Bacterial
6.3.2 Fungi
6.4 Extract-Based
6.4.1 Seaweed Extracts
6.4.2 Botanical Extracts
6.4.3 Protein Hydrolysates
6.5 Other Active Ingredients
6.5.1 B Vitamins
6.5.2 Trace Minerals
6.5.3 Polysaccharides
6.5.4 Biorationals
6.5.5 Chitin & Chitosan
6.5.6 Enzymes
6.5.7 Soil Conditioners
6.5.8 Wetting Agents
6.5.9 Antioxidants
6.5.10 Algae
7 Global Biostimulants Market, By Crop Type
7.1 Introduction
7.2 Hydroponics
7.3 Fruits & Vegetables
7.4 Turfs & Ornamentals
7.5 Ornamental Plants and Herbs
7.6 Landscape
7.7 Commercial Crops
7.8 Row Crops
7.8.1 Cereals
7.8.2 Legumes & Oilseeds
7.8.3 Grains & Pulses
7.9 Other Crop Types
7.9.1 Forage Grasses
7.9.2 Plantation Crops
8 Global Biostimulants Market, By Source
8.1 Introduction
8.2 Microbial
8.3 Non-microbial
9 Global Biostimulants Market, By Mode of Application
9.1 Introduction
9.2 Soil Treatment
9.3 Foliar
9.4 Seed treatment
10 Global Biostimulants Market, By Origin
10.1 Introduction
10.2 Natural
10.3 Synthetic
11 Global Biostimulants Market, By End User
11.1 Introduction
11.2 Agriculture Industries
11.3 Farmers
11.4 Research Institutes
12 Global Biostimulants Market, By Distribution Channel
12.1 Introduction
12.2 Indirect
12.3 Direct
13 Global Biostimulants Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 Valagro SpA
15.2 Syngenta
15.3 Novozymes
15.4 Koppert B.V.
15.5 Italpollina SpA
15.6 Isagro
15.7 Biostadt India Ltd.
15.8 Biolchim SpA.
15.9 Bayer
15.10 BASF SE
15.11 Agrinos AS
15.12 Adama LTD.
List of Tables
1 Global Biostimulants Market Outlook, By Region (2021-2028) ($MN)
2 Global Biostimulants Market Outlook, By Form (2021-2028) ($MN)
3 Global Biostimulants Market Outlook, By Liquid (2021-2028) ($MN)
4 Global Biostimulants Market Outlook, By Emulsifiable Concentrates (2021-2028) ($MN)
5 Global Biostimulants Market Outlook, By Soluble Liquid Concentrates (2021-2028) ($MN)
6 Global Biostimulants Market Outlook, By Suspension Concentrates (2021-2028) ($MN)
7 Global Biostimulants Market Outlook, By Dry (2021-2028) ($MN)
8 Global Biostimulants Market Outlook, By Water Dispersible (2021-2028) ($MN)
9 Global Biostimulants Market Outlook, By Wettable Powder (2021-2028) ($MN)
10 Global Biostimulants Market Outlook, By Dry Granules (2021-2028) ($MN)
11 Global Biostimulants Market Outlook, By Active Ingredients (2021-2028) ($MN)
12 Global Biostimulants Market Outlook, By Acid-Based (2021-2028) ($MN)
13 Global Biostimulants Market Outlook, By Humic Substances (2021-2028) ($MN)
14 Global Biostimulants Market Outlook, By Amino Acids (2021-2028) ($MN)
15 Global Biostimulants Market Outlook, By Organic Acids (2021-2028) ($MN)
16 Global Biostimulants Market Outlook, By Microbial Soil Amendments (2021-2028) ($MN)
17 Global Biostimulants Market Outlook, By Bacterial (2021-2028) ($MN)
18 Global Biostimulants Market Outlook, By Fungi (2021-2028) ($MN)
19 Global Biostimulants Market Outlook, By Extract-Based (2021-2028) ($MN)
20 Global Biostimulants Market Outlook, By Seaweed Extracts (2021-2028) ($MN)
21 Global Biostimulants Market Outlook, By Botanical Extracts (2021-2028) ($MN)
22 Global Biostimulants Market Outlook, By Protein Hydrolysates (2021-2028) ($MN)
23 Global Biostimulants Market Outlook, By Other Active Ingredients (2021-2028) ($MN)
24 Global Biostimulants Market Outlook, By B Vitamins (2021-2028) ($MN)
25 Global Biostimulants Market Outlook, By Trace Minerals (2021-2028) ($MN)
26 Global Biostimulants Market Outlook, By Polysaccharides (2021-2028) ($MN)
27 Global Biostimulants Market Outlook, By Biorationals (2021-2028) ($MN)
28 Global Biostimulants Market Outlook, By Chitin & Chitosan (2021-2028) ($MN)
29 Global Biostimulants Market Outlook, By Enzymes (2021-2028) ($MN)
30 Global Biostimulants Market Outlook, By Soil Conditioners (2021-2028) ($MN)
31 Global Biostimulants Market Outlook, By Wetting Agents (2021-2028) ($MN)
32 Global Biostimulants Market Outlook, By Antioxidants (2021-2028) ($MN)
33 Global Biostimulants Market Outlook, By Algae (2021-2028) ($MN)
34 Global Biostimulants Market Outlook, By Crop Type (2021-2028) ($MN)
35 Global Biostimulants Market Outlook, By Hydroponics (2021-2028) ($MN)
36 Global Biostimulants Market Outlook, By Fruits & Vegetables (2021-2028) ($MN)
37 Global Biostimulants Market Outlook, By Turfs & Ornamentals (2021-2028) ($MN)
38 Global Biostimulants Market Outlook, By Ornamental Plants and Herbs (2021-2028) ($MN)
39 Global Biostimulants Market Outlook, By Landscape (2021-2028) ($MN)
40 Global Biostimulants Market Outlook, By Commercial Crops (2021-2028) ($MN)
41 Global Biostimulants Market Outlook, By Row Crops (2021-2028) ($MN)
42 Global Biostimulants Market Outlook, By Cereals (2021-2028) ($MN)
43 Global Biostimulants Market Outlook, By Legumes & Oilseeds (2021-2028) ($MN)
44 Global Biostimulants Market Outlook, By Grains & Pulses (2021-2028) ($MN)
45 Global Biostimulants Market Outlook, By Other Crop Types (2021-2028) ($MN)
46 Global Biostimulants Market Outlook, By Forage Grasses (2021-2028) ($MN)
47 Global Biostimulants Market Outlook, By Plantation Crops (2021-2028) ($MN)
48 Global Biostimulants Market Outlook, By Source (2021-2028) ($MN)
49 Global Biostimulants Market Outlook, By Microbial (2021-2028) ($MN)
50 Global Biostimulants Market Outlook, By Non-microbial (2021-2028) ($MN)
51 Global Biostimulants Market Outlook, By Mode of Application (2021-2028) ($MN)
52 Global Biostimulants Market Outlook, By Soil Treatment (2021-2028) ($MN)
53 Global Biostimulants Market Outlook, By Foliar (2021-2028) ($MN)
54 Global Biostimulants Market Outlook, By Seed treatment (2021-2028) ($MN)
55 Global Biostimulants Market Outlook, By Origin (2021-2028) ($MN)
56 Global Biostimulants Market Outlook, By Natural (2021-2028) ($MN)
57 Global Biostimulants Market Outlook, By Synthetic (2021-2028) ($MN)
58 Global Biostimulants Market Outlook, By End User (2021-2028) ($MN)
59 Global Biostimulants Market Outlook, By Agriculture Industries (2021-2028) ($MN)
60 Global Biostimulants Market Outlook, By Farmers (2021-2028) ($MN)
61 Global Biostimulants Market Outlook, By Research Institutes (2021-2028) ($MN)
62 Global Biostimulants Market Outlook, By Distribution Channel (2021-2028) ($MN)
63 Global Biostimulants Market Outlook, By Indirect (2021-2028) ($MN)
64 Global Biostimulants Market Outlook, By Direct (2021-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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