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Biostimulant Market

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    Report

  • 210 Pages
  • October 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5847389

The global biostimulant market, valued at approximately US$2.9 billion in 2022, is projected to experience robust growth, reaching nearly US$4.9 billion by the end of 2030, according to a comprehensive report. The market is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. The biostimulant market is on the rise, driven by the increasing recognition of the importance of sustainable agriculture and eco-friendly farming practices. Biostimulants play a crucial role in enhancing crop productivity, improving nutrient uptake, and reducing the environmental impact of conventional chemical fertilizers and pesticides. Regulatory support, technological advancements, and a focus on sustainability are key factors fueling the market's growth to meet global food security and sustainability goals.

Key Highlights from the Report:

Seaweed Extracts Lead the Way: Seaweed extracts have secured the largest market share in biostimulants due to their natural growth-promoting properties. Rich in beneficial compounds, they enhance plant growth, stress resistance, and nutrient uptake, aligning with the growing demand for sustainable, eco-friendly agricultural practices.

Foliar Application Dominates: Foliar application is the dominant method in the biostimulants market due to its immediate and direct impact on plants. It facilitates efficient nutrient absorption, photosynthesis, and stress tolerance, making it a preferred choice for farmers.

Fruits and Vegetables Take the Lead: Fruits and vegetables lead the biostimulants market due to consumer demand for high-quality, sustainably grown produce. Biostimulants enhance yield and quality, making them crucial in the cultivation of these crops.

Europe Leads the Way: Europe holds the largest market share in the biostimulants market due to its strong focus on sustainable agriculture, stringent environmental regulations, and growing consumer demand for organic products.

North America on the Rise: The biostimulants market in North America is expected to experience stable revenue growth over the forecast period due to increasing funding for agricultural biological research and development initiatives.

Challenges and Opportunities: Challenges include the commercialization of low-quality biostimulants and the evolving regulatory landscape. However, opportunities lie in microbial biostimulants, precision agriculture, and IoT integration, as well as advancements in biostimulant formulations.

The report underscores the significant role of regulatory support, government initiatives, and technological innovation in shaping the biostimulant market's trajectory. It also highlights the importance of maintaining product quality and adherence to rigorous standards to ensure market sustainability.



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Table of Contents

1. Executive Summary
1.1. Global Biostimulant Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value/Volume, 2022
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Biostimulant Market Outlook, 2018 - 2030
3.1. Global Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
3.1.1. Key Highlights
3.1.1.1. Seaweed Extracts
3.1.1.2. Organic Acids
3.1.1.3. Microbials & Amendments
3.1.1.4. Vitamins & Amino Acids
3.1.1.5. Trace Elements
3.1.1.6. Misc.
3.2. Global Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
3.2.1. Key Highlights
3.2.1.1. Foliar
3.2.1.2. Seed
3.2.1.3. Soil
3.3. Global Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
3.3.1. Key Highlights
3.3.1.1. Fruits & Vegetables
3.3.1.2. Row Crops & Cereals
3.3.1.3. Turf & Ornamentals
3.3.1.4. Misc.
3.4. Global Biostimulant Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Biostimulant Market Outlook, 2018 - 2030
4.1. North America Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
4.1.1. Key Highlights
4.1.1.1. Seaweed Extracts
4.1.1.2. Organic Acids
4.1.1.3. Microbials & Amendments
4.1.1.4. Vitamins & Amino Acids
4.1.1.5. Trace Elements
4.1.1.6. Misc.
4.2. North America Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
4.2.1. Key Highlights
4.2.1.1. Foliar
4.2.1.2. Seed
4.2.1.3. Soil
4.3. North America Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
4.3.1. Key Highlights
4.3.1.1. Fruits & Vegetables
4.3.1.2. Row Crops & Cereals
4.3.1.3. Turf & Ornamentals
4.3.1.4. Misc.
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Biostimulant Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
4.4.1. Key Highlights
4.4.1.1. U.S. Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
4.4.1.2. U.S. Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
4.4.1.3. U.S. Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
4.4.1.4. U.S. Biostimulant Market End Use, Value (US$ Bn), 2018 - 2030
4.4.1.5. Canada Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
4.4.1.6. Canada Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
4.4.1.7. Canada Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
4.4.1.8. Canada Biostimulant Market End Use, Value (US$ Bn), 2018 - 2030
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Biostimulant Market Outlook, 2018 - 2030
5.1. Europe Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Seaweed Extracts
5.1.1.2. Organic Acids
5.1.1.3. Microbials & Amendments
5.1.1.4. Vitamins & Amino Acids
5.1.1.5. Trace Elements
5.1.1.6. Misc.
5.2. Europe Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Foliar
5.2.1.2. Seed
5.2.1.3. Soil
5.3. Europe Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. Fruits & Vegetables
5.3.1.2. Row Crops & Cereals
5.3.1.3. Turf & Ornamentals
5.3.1.4. Misc.
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Biostimulant Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
5.4.1. Key Highlights
5.4.1.1. Germany Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
5.4.1.2. Germany Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
5.4.1.3. Germany Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
5.4.1.4. U.K. Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
5.4.1.5. U.K. Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
5.4.1.6. U.K. Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
5.4.1.7. France Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
5.4.1.8. France Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
5.4.1.9. France Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
5.4.1.10. Italy Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
5.4.1.11. Italy Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
5.4.1.12. Italy Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
5.4.1.13. Turkey Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
5.4.1.14. Turkey Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
5.4.1.15. Turkey Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
5.4.1.16. Russia Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
5.4.1.17. Russia Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
5.4.1.18. Russia Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
5.4.1.19. Rest of Europe Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
5.4.1.20. Rest of Europe Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
5.4.1.21. Rest of Europe Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Biostimulant Market Outlook, 2018 - 2030
6.1. Asia Pacific Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Seaweed Extracts
6.1.1.2. Organic Acids
6.1.1.3. Microbials & Amendments
6.1.1.4. Vitamins & Amino Acids
6.1.1.5. Trace Elements
6.1.1.6. Misc.
6.2. Asia Pacific Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Foliar
6.2.1.2. Seed
6.2.1.3. Soil
6.3. Asia Pacific Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. Fruits & Vegetables
6.3.1.2. Row Crops & Cereals
6.3.1.3. Turf & Ornamentals
6.3.1.4. Misc.
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Biostimulant Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
6.4.1. Key Highlights
6.4.1.1. China Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
6.4.1.2. China Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
6.4.1.3. China Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
6.4.1.4. Japan Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
6.4.1.5. Japan Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
6.4.1.6. Japan Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
6.4.1.7. South Korea Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
6.4.1.8. South Korea Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
6.4.1.9. South Korea Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
6.4.1.10. India Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
6.4.1.11. India Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
6.4.1.12. India Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
6.4.1.13. Southeast Asia Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
6.4.1.14. Southeast Asia Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
6.4.1.15. Southeast Asia Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
6.4.1.16. Rest of Asia Pacific Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
6.4.1.17. Rest of Asia Pacific Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
6.4.1.18. Rest of Asia Pacific Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Biostimulant Market Outlook, 2018 - 2030
7.1. Latin America Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Seaweed Extracts
7.1.1.2. Organic Acids
7.1.1.3. Microbials & Amendments
7.1.1.4. Vitamins & Amino Acids
7.1.1.5. Trace Elements
7.1.1.6. Misc.
7.2. Latin America Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Foliar
7.2.1.2. Seed
7.2.1.3. Soil
7.3. Latin America Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Fruits & Vegetables
7.3.1.2. Row Crops & Cereals
7.3.1.3. Turf & Ornamentals
7.3.1.4. Misc.
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Biostimulant Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
7.4.1. Key Highlights
7.4.1.1. Brazil Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
7.4.1.2. Brazil Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
7.4.1.3. Brazil Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
7.4.1.4. Mexico Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
7.4.1.5. Mexico Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
7.4.1.6. Mexico Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
7.4.1.7. Argentina Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
7.4.1.8. Argentina Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
7.4.1.9. Argentina Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
7.4.1.10. Rest of Latin America Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
7.4.1.11. Rest of Latin America Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
7.4.1.12. Rest of Latin America Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Biostimulant Market Outlook, 2018 - 2030
8.1. Middle East & Africa Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Seaweed Extracts
8.1.1.2. Organic Acids
8.1.1.3. Microbials & Amendments
8.1.1.4. Vitamins & Amino Acids
8.1.1.5. Trace Elements
8.1.1.6. Misc.
8.2. Middle East & Africa Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Foliar
8.2.1.2. Seed
8.2.1.3. Soil
8.3. Middle East & Africa Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. Fruits & Vegetables
8.3.1.2. Row Crops & Cereals
8.3.1.3. Turf & Ornamentals
8.3.1.4. Misc.
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Biostimulant Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
8.4.1. Key Highlights
8.4.1.1. GCC Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
8.4.1.2. GCC Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
8.4.1.3. GCC Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
8.4.1.4. South Africa Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
8.4.1.5. South Africa Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
8.4.1.6. South Africa Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
8.4.1.7. Egypt Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
8.4.1.8. Egypt Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
8.4.1.9. Egypt Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
8.4.1.10. Nigeria Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
8.4.1.11. Nigeria Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
8.4.1.12. Nigeria Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
8.4.1.13. Rest of Middle East & Africa Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
8.4.1.14. Rest of Middle East & Africa Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
8.4.1.15. Rest of Middle East & Africa Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Crop Type vs Application Heatmap
9.2. Manufacturer vs Application Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. BASF SE
9.5.1.1. Company Overview
9.5.1.2. Application Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Isagro S.p.A
9.5.2.1. Company Overview
9.5.2.2. Application Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. Valagro SpA
9.5.3.1. Company Overview
9.5.3.2. Application Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. Syngenta
9.5.4.1. Company Overview
9.5.4.2. Application Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. FMC Corporation
9.5.5.1. Company Overview
9.5.5.2. Application Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. Koppert Biological Systems
9.5.6.1. Company Overview
9.5.6.2. Application Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Agrinos
9.5.7.1. Company Overview
9.5.7.2. Application Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. Haifa Group
9.5.8.1. Company Overview
9.5.8.2. Application Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
9.5.9. Humintech GmbH
9.5.9.1. Company Overview
9.5.9.2. Application Portfolio
9.5.9.3. Financial Overview
9.5.9.4. Business Strategies and Development
9.5.10. Hello Nature International Srl
9.5.10.1. Company Overview
9.5.10.2. Application Portfolio
9.5.10.3. Financial Overview
9.5.10.4. Business Strategies and Development
9.5.11. TAGROW CO., LTD.
9.5.11.1. Company Overview
9.5.11.2. Application Portfolio
9.5.11.3. Financial Overview
9.5.11.4. Business Strategies and Development
9.5.12. AXEB BIOTECH SL
9.5.12.1. Company Overview
9.5.12.2. Application Portfolio
9.5.12.3. Financial Overview
9.5.12.4. Business Strategies and Development
9.5.13. Novozymes A/S
9.5.13.1. Company Overview
9.5.13.2. Application Portfolio
9.5.13.3. Financial Overview
9.5.13.4. Business Strategies and Development
9.5.14. Biolchim SpA
9.5.14.1. Company Overview
9.5.14.2. Application Portfolio
9.5.14.3. Financial Overview
9.5.14.4. Business Strategies and Development
9.5.15. UPL Limited
9.5.15.1. Company Overview
9.5.15.2. Application Portfolio
9.5.15.3. Financial Overview
9.5.15.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

• BASF SE
• Isagro
• Valagro
• Syngenta
• FMC Corporation
• Koppert Biological Systems
• Agrinos
• Haifa Group
• Humintech
• Hello Nature International
• Tagrow Company Ltd.
• AXEB Biotech
• Novozymes A/S
• Biolchim
• UPL Limited

Methodology

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