Latin America Biostimulants Market Research Report- Forecast to 2023

Latin America Biostimulants Market Research Report- Forecast to 2023

ID: MRFR/F-B & N/2087-CRR | May, 2017 | Region: Global | 120 pages | Cooked Research Reports

Latin America Biostimulants Market Information- With Respect To Type (Natural And Synthetic), Crop Type (Fruits & Vegetables, Row Crops, Turfs & Ornaments And Others), Application (Seed Treatment, Foliar Treatment, Soil Treatment), Active Ingredient (Acid Based, Extracts, And Others), Acid Based Ingredients (Humic Acid, Fulvic Acid, Amino Acid), Extract Based Ingredients (Microbial, Plant, Seaweed) And Country - Forecast Till 2023

Report Description
Market Scenario
Biostimulants can be any microorganism or substance applied to plants or soils to regulate and improve the crop’s physiological processes and bring in nutrient efficiency by enhancing crop vigour, quality and post-harvest shelf life/conservation. Biostimulants supplied to the user, differ in formulations with the intention to foster plant growth and development throughout the crop life cycle beginning from seed germination to plant maturity.

Latin America has significant resources of unexploited agricultural land (concentrated in Brazil and Argentina) and it will continue to play a vital role in global food production and exports in the future. The region has been involved in the production and export of diverse range of agricultural commodities ranging from coffee in Brazil. The need to improve agricultural yield will be a pivotal factor to meet domestic food demand and maintain export competitiveness at regional level. All these factors will influence the demand of biostimulants and will lead to surge in sales of biostimulants. Globally the market for biostimulants is estimated to grow at the rate of about 13.40% from 2017 to 2023.

Regional Analysis
The Latin America Biostimulants market includes countries such as Brazil, Argentina, Mexico and rest of Latin America. Among these Brazil dominates the market and will continue to dominate the market during the forecast period 2017-2023. Mexico is estimated to grow at a highest CAGR during the forecast period, rising demand for organic food ingredients and clean label food & beverages in recent years has been observed.


Biostimulants market by type has been segmented into natural and synthetic. On the basis of crop type, market is segmented into fruits & vegetables, row crops, turfs & ornaments and others. On basis of application, market is segmented into seed treatment, foliar treatment, soil treatment. On basis of active ingredients, market is segmented into acid based, extracts, and others. On basis of acid based ingredients, market is segmented into humic acid, fulvic acid, amino acid. On basis of extract based ingredients, market is segmented into microbial, plant, seaweed.

Key Players
The leading market players in the Latin America Biostimulants market primarily are BASF SE (Germany), Sapec Group (Trade Corporation International) (Spain), Arysta Life Science Limited (Japan), Isagro S.P.A (Italy), Valagro S.P.A (Italy), Koppert B.V (The Netherlands), Italpollina (Italy) 

Target Audience

  • Biostimulants manufacturers

  • Raw material suppliers

  • End users

  • Retailers & wholesalers

  • E-commerce companies

  • Traders, importers and exporters

Key Findings

  • Natural Biostimulants is projected to dominate the market and will grow at a CAGR of 11.08%

  • Foliar treatment will dominate the market and grow at a CAGR of 10.44%

  • Brazil will continue to dominate the Latin America biostimulant market followed by Argentina during forecast period

  • Acid based dominated the active ingredient market and humic acid dominated acid active ingredient market.

  • Fruits and vegetables will grow at a higher CAGR of 11.14% 

Regional and Country Analysis of Biostimulants Market Development and Demand Forecast to 2023 Market

As per the MRFR analysis, the Latin America Biostimulants value market is poised to reach USD 491.24 Million in 2023, to grow at a CAGR of 13.40 % during the forecast period.

The reports also cover country level analysis:

Latin America

  • Brazil

  • Mexico

  • Argentina

  • Rest of Latin America


Single User Enterprise User (Buy Premium Reports Chapterwise)

2.1 Definition 14

2.1.1 Biostimulants 14

2.2 Scope of the Study 14

2.2.1 Research Methodology 14

2.3 Assumptions 14

2.4 Limitations 15

2.5 Market Structure 15

3.1 Research Process 17

3.2 Primary Research 18

3.3 Secondary Research 20

3.4 Forecast Model 21

4.1 Latin American Biostimulants Market: Market Mapping & Research Methodology 22

4.2 Market Overview: Latin American Biostimulants Market 23

4.3 Industry Trends and Market Environment: Latin American Biostimulants Market 24

4.4 Brazil 25

4.5 Argentina 27

4.6 Mexico 30

5.1 Introduction 33

5.2 Drivers 34

5.2.1 Growing food demand due to rising global population 34

5.2.2 Climate Change and Need of Sustainable Agriculture 35

5.2.3 Easier Raw Material Availability and Efficiency in Production 35

5.2.4 Rising Demand of Organic Products and Horticulture Crops 36

5.2.5 Restore Soil Degradation and Improve Soil Quality 36

5.3 Restraints 37

5.3.1 Lack of Awareness Among Farmers 37

5.3.2 Rising Cost and High Cost of Production 37

5.4 Opportunity 37

5.4.1 Huge Investments in R&D and New Product Developments 37

5.4.2 Government Initiatives and Funding to Support the Farmers 38

5.4.3 Increasing demand of clean label products 38

5.5 Challenges 38

5.5.1 Unclear Legislations of Biostimulants 38

5.5.2 Increasing Number of Players with Similar Formulations 39

6.1 Biostimulants will Fuel Next Wave of Growth 40

6.2 Trade (Import-Export) Analysis 40

6.3 Innovation in application and process 43

6.4 Macroeconomic Indicators Analysis 47

7.1 Introduction 50

7.2 Value Chain Analysis 50

7.3 Supply Chain Analysis 51

7.4 Porter's Five Forces 52

7.4.1 Porter's 5 Forces Analysis: Biostimulants 53

7.4.2 Threat of New Entrants 53

7.4.3 Threat of Substitutes 54

7.4.4 Bargaining Power of Buyers 55

7.4.5 Bargaining Power of Suppliers 55

7.4.6 Intensity of Rivalry 56

8.1 Introduction 57

9.1 Introduction 60

9.1.1 Advent of Modern Agriculture and Use Of Biostimulants 60

9.1.2 Latin America 61

9.2 Brazil 64

9.2.1 Introduction 64

9.3 Argentina 69

9.3.1 Introduction 69

9.4 Mexico 74

9.4.1 Introduction 74

9.5 Rest of Latin America 79

9.5.1 Introduction 79