The global biostimulants market size reached US$ 2.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 5.0 Billion by 2028, exhibiting a growth rate (CAGR) of 10.5% during 2023-2028. The rising adoption of organic farming methods, increasing need for enhanced and safe crop yields, and rising environmental concerns represent some of the key factors driving the market.
Biostimulants refer to natural and microbe-based agriculture chemical or substance that is applied to seeds and plants for enhanced plant growth. They comprise various raw materials, such as humic, fulvic, amino acid, and seaweed and plant extracts, and are widely available in dry and liquid form. They reduce the dependency on fertilizers and pesticides and enhance nutrient uptake while improving crop productivity. They increase plant growth, metabolism, grain fill, uniformity, and overall crop quality. They assist in promoting improved germination and root development that causes improved vigor and abiotic stress resistance. They also aid in supporting sustainable agricultural practices that enhance soil fertility and water uptake. They maximize the biological efficiencies of a plant and benefit in better crop yields with more nutrients. As they increase the resistance to pathogens in crops and plants, biostimulants are utilized for foliar, soil, and seed treatment across the globe.
2. What is the expected growth rate of the global biostimulants market during 2023-2028?
3. What are the key factors driving the global biostimulants market?
4. What has been the impact of COVID-19 on the global biostimulants market?
5. What is the breakup of the global biostimulants market based on the product type?
6. What is the breakup of the global biostimulants market based on the crop type?
7. What is the breakup of the global biostimulants market based on the form?
8. What is the breakup of the global biostimulants market based on the origin?
9. What is the breakup of the global biostimulants market based on the distribution channel?
10. What is the breakup of the global biostimulants market based on the application?
11. What is the breakup of the global biostimulants market based on the end-user?
12. What are the key regions in the global biostimulants market?
13. Who are the key players/companies in the global biostimulants market?
Biostimulants refer to natural and microbe-based agriculture chemical or substance that is applied to seeds and plants for enhanced plant growth. They comprise various raw materials, such as humic, fulvic, amino acid, and seaweed and plant extracts, and are widely available in dry and liquid form. They reduce the dependency on fertilizers and pesticides and enhance nutrient uptake while improving crop productivity. They increase plant growth, metabolism, grain fill, uniformity, and overall crop quality. They assist in promoting improved germination and root development that causes improved vigor and abiotic stress resistance. They also aid in supporting sustainable agricultural practices that enhance soil fertility and water uptake. They maximize the biological efficiencies of a plant and benefit in better crop yields with more nutrients. As they increase the resistance to pathogens in crops and plants, biostimulants are utilized for foliar, soil, and seed treatment across the globe.
Biostimulants Market Trends:
At present, the rising demand for biostimulants due to the increasing consumption of food worldwide represents one of the key factors supporting the growth of the market. Besides this, the growing demand for biostimulants due to the increasing awareness among individuals about the adverse effects of synthetic pesticides and fertilizers is offering a positive market outlook. Additionally, there is a rise in the need for high-quality, safe, and environmental-friendly food products among the masses around the world. This, coupled with the increasing adoption of organic farming methods for agriculture sustainability that reduces environmental pollution, is propelling the growth of the market. Apart from this, the rising demand for biostimulants, as they protect crops from various diseases and provide treatments, is offering lucrative growth opportunities to industry investors. Moreover, the wide availability of biostimulants that are rich in minerals, plant hormones, and amino acids is positively influencing the market. In addition, governing agencies of various countries are encouraging the adoption of biostimulants by organizing numerous campaigns to educate farmers about bio-agriculture solutions and to produce high-quality products with no emissions, which is contributing to the growth of the market. Furthermore, the rising utilization of biostimulants in oilseeds and pulses, cereals and grains, and fruits and vegetables is strengthening the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global biostimulants market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, crop type, form, origin, distribution channel, application and end-user.Product Type Insights:
- Acid-based
- Humic Acid
- Fulvic Acid
- Amino Acid
- Extract-based
- Seaweed Extract
- Other Plant Extracts
- Others
- Microbial Soil Amendments
- Chitin & Chitosan
- Others
Crop Type Insights:
- Cereals and Grains
- Fruits and Vegetables
- Turf and Ornamentals
- Oilseeds and Pulses
- Others
Form Insights:
- Dry
- Liquid
Origin Insights:
- Natural
- Synthetic
Distribution Channel Insights:
- Direct
- Indirect
Application Insights:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
End-User Insights:
- Farmers
- Research Organizations
- Others
Regional Insights:
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global biostimulants market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Agrinos AS, Adama LTD., BASF SE, Bayer, Biolchim SpA., Biostadt India Ltd., Isagro, Italpollina SpA, Koppert B.V., Novozymes, Syngenta, Valagro SpA, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. What was the size of the global biostimulants market in 2022?2. What is the expected growth rate of the global biostimulants market during 2023-2028?
3. What are the key factors driving the global biostimulants market?
4. What has been the impact of COVID-19 on the global biostimulants market?
5. What is the breakup of the global biostimulants market based on the product type?
6. What is the breakup of the global biostimulants market based on the crop type?
7. What is the breakup of the global biostimulants market based on the form?
8. What is the breakup of the global biostimulants market based on the origin?
9. What is the breakup of the global biostimulants market based on the distribution channel?
10. What is the breakup of the global biostimulants market based on the application?
11. What is the breakup of the global biostimulants market based on the end-user?
12. What are the key regions in the global biostimulants market?
13. Who are the key players/companies in the global biostimulants market?
Table of Contents
1 Preface3 Executive Summary15 Value Chain Analysis17 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Biostimulants Market
6 Market Breakup by Product Type
7 Market Breakup by Crop Type
8 Market Breakup by Form
9 Market Breakup by Origin
10 Market Breakup by Distribution Channel
11 Market Breakup by Application
12 Market Breakup by End-User
13 Market Breakup by Region
14 SWOT Analysis
16 Porters Five Forces Analysis
18 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Agrinos AS
- Adama LTD.
- BASF SE
- Bayer
- Biolchim SpA.
- Biostadt India Ltd.
- Isagro
- Italpollina SpA
- Koppert B.V.
- Novozymes
- Syngenta
- Valagro SpA
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 137 |
Published | June 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 2.7 Billion |
Forecasted Market Value ( USD | $ 5 Billion |
Compound Annual Growth Rate | 10.8% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |