Biostimulants Market Research Report - Global Forecast till 2027

Biostimulants Market Research Report: Information by Active Ingredients (Humic Substances, Seaweed Extracts, Microbial Amendments, Amino Acid and others), by Crop Type (Fruits & Vegetables, Cereals & Grains, Oil Seeds & Pulses and others), by Application Method (Foliar treatment, Soil treatment, Seed treatment and others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast 2027

ID: MRFR/AGR/2053-CR | February 2021 | Region: Global | 170 pages

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Biostimulants Market Overview


The growth of the biostimulants market can be attributed to the expansion of the organic food industry and to the increased demand for qualitycrops and agri-foods. Europe dominates the biostimulants market due to the initiatives of the European Bio-Stimulus Industry Council to promote the use of biostimulants to increase agricultural yields and the increased consumption of organic food in the region.


Market prospects in biostimulants:


Biostimulants are natural substances that are applied to plant parts and to the soil to increase the harvest. This can stimulate theincreasing production of chlorophyll, the growth of the plant and improve the water holding capacity. Biostimulants have wide application in horticulture and agriculture.


Geographically, Asia-Pacific, Europe and Americaare the largest markets for biostimulants. The growing adoption of sustainable agricultural practices is expected to increase the demand for biostimulants in the regions.


Engines for the growth of the biostimulation market:


The growing demand for safe products and environmentally friendly that provide alternatives to synthetic inputs is driving the growth of the biostimulants market.The need torestore degraded soil and improve soil health are the accelerating factors for the growth of the biostimulants market.


The growing needs for agronomic production and the great interest in organic products fromuniversities, government agencies and NGOs are influencing the growth of the biostimulants market.


Bio-protective effects against abiotic stress, population growth and easy availability are also having an impact on the growth of the biostimulants market.


World market agricultural biostimulants challenges:


Strict regulatory structures for biostimulants.


High production costs


Lack of awareness of the benefits of biostimulants among the global population.


Plant biostimulants market analysis and understanding:


The global biostimulants market expects market growth in the 2020 to 2023 forecast. Research estimates that the global biostimulants market will reach US $ 7 billion in 2023 from US $ 2 990.83 million in 2019, in the 12.5% growth rate in the forecast period from 2020 to 2023. Global agricultural production is an important factor for market growth.


Biostimulants are products that can improve plant life in terms of productivity and growth. It has the ability to increase the plant's tolerance to stress, which can be in terms of drought or disease. With the use of biostimulant products, plants increase water absorption capacity and this leads to better plant growth. It appears that the biostimulant products fill the gap between insecticides and biofertilizers , as they can assist the plant in both activities. The demand for biostimulants has increased in recent years. Organic farming is growing worldwide due to the need for high quality food and human way of life. Biostimulant products are the best solutions in the organic agriculture sector. For example, according to the our research for organic agriculture, it was estimated that 200 countries adopted organic agriculture worldwide in 2017.


This  Biostimulants Market report details productanalysis,market share, technological innovations changes in market regulations, new developments, product approvals ,product launches, strategic decisions, geographic expansions, analyzes opportunities according to emerging revenue pocketsand impact of local and domestic market participantsin the market. To understand the analysis and the market scenario buy the full agricultural biostimulants market report.


Agricultural biostimulants markettrends:


The demand for Biostimulants Market is growing due to special characteristics, such aswater conservation capacity, better plant metabolism and high nutrient availability. The increase in purchasing power, change in lifestyle and the equality of the product are stimulating the market for biostimulants. Rapid changes in climate due to global warming that affect crop yields will positively affect product penetration. Biostimulators promote the development of plants in several ways established throughout the life cycle of the crop, from the germination of the seed to the maturity of the plant, creating great opportunities for the growth of the market of biostimulants.


Global market of biostimulants market size


The biostimulants market is segmented into seven notable segments that are based on type of culture,active ingredients, method of application, end user , form, distribution channel and origin. The growth between the segments helps to analyze growth strategies and niches to approach the market and determine the difference in its target markets and its main fields of application.


Based on the type of crop, the market is divided into vegetables and fruits, grains and cereals, ornamental plants and herbs , legumes and oilseeds, among other crops. The vegetable and fruit  segment dominates the global market for biostimulants due to the high production of vegetables and fruits worldwide. The high demand for vegetables and fruits requires biostimulants to meet the growing market demand.


Based on the distribution channel, Biostimulants Market is segmented into indirect and direct. The direct segment dominates the market because its demand is high fromrelated industriesas well aslarge-scale agriculture to provide high productivity globally among consumers.


Based on active ingredients, the market is segmented into  microbial additives, B vitamins, acid, protein hydrolysates,extract, and others. The acid-based segment dominates the market as it is the main component that givesthe metabolic activity of the plant and also increasesmany functions to the plant. Due to its main functional activity in the plant, it has a high participation in the biostimulant. However microbial change can grow in this market due to the increased need for another important element, such as nitrogen and many others.


Based on the end user, the market is divided into research institutes, farmers and related industries. The farmer segment dominates the market as biostimulants are highly preferred by farmers to increase crop growth and productivity to meet consumer demand for organic products. These products are also the main reason for maintaining sustainable agriculture, as their demand is greater in the agricultural area.


Based on the application method, the market is segmented into seed treatment, foliar treatment and soil treatment. The seed treatment segment dominates due to its high advantages in the field of agriculture, which is why farmers are more inclined towards what ends up helping the market grow.


Based on origin, the market is segmented intosynthetic biostimulants, humic-based biostimulants market ananlysis and natural biostimulants . The segment of natural biostimulants dominates due to its set of advantages such as low cost, high fertility and high productivity.


Based on the shape, the market is segmented into dry and liquid. The liquid segment dominates the market as it is easily absorbed by the soil to give a goodleaf development, root system and better stem, and to make the crop more susceptible to abiotic stress. With so many advantages, the biostimulant in liquid form is highly demanded.


Market analysis of biostimulants on country


The countries covered in the market report on biostimulants are Canada, the United States, Germany, mexico in North America, France, the Netherlands,the United Kingdom, Switzerland, Russia,Belgium,  Italy, Turkey,Spain, the rest of Europe in Europe, Argentina, Brazil, and the rest of South America, Japan,China, India,Singapore, South Korea, Malaysia,Thailand, Australia, Philippines,Indonesia,  Rest of Asia Pacific in Asia Pacific, United Arab Emirates, Saudi Arabia,South Africa, Egypt, Israel, Rest of the Africa and Middle East,


The country section of the report also provides individual market changes and impacts in domestic market regulation that affect future and current market trends such as; latin america biostimulants industry. Data such asaftermarket sales, new sales, country demographics,export and importtariffs and regulatory actions are some of the key indicators used to predict the market scenario for individual countries. In addition, the availability and presence of global brands and the challenges faced due to low or high competition from domestic and localbrands. The impact of sales channels is considered when providing analysis of country data.


Country level analysis by active ingredients


Europe dominates the global market for biostimulants due to its regulatory framework, as well as the proper definitionthat causes a greater number of manufacturers to lean towards their manufacturing. The requirements for the biostimulator are greater because it has several advantages, such as better soil fertility, high crop productivity and many others. To meet the increased demand for bio-stimulants in the agricultural sector, manufacturers are launching products and making strategic decisions and on the market. For example, in February 2017, Bioiberica launched Equilibrium. It is a new biostimulant supplied by the company on the market, which is developed specifically forthe beginning of the ripening of the fruits and the picking. With this launch, the company has increasedthe customer base and as well as its product portfolio in the agricultural area.


Analysis of the competitive scenario and market share of biostimulants


The competitive landscape of the bio-stimulants market gives details according to competitor. The included details are breadth and widthof product, domain of applications,corporate finance,corporate overview, revenue generated,investment in development and research, market potential,  new market initiatives, product facilities and locations ,their presence, corporate weaknesses and strengths,product test,product approval patents, curved lifeline of technology and product launch. The data given above relate only to the focus of the companies in relation to the biostimulants market.


The main participants are Brandt Consolidated, Inc.,Eastman Chemical Company, Inc., FMC Corporation,Agrinos, Valagro SpA, Isagro, Italpollina SpA, Biolchim SPA, KOPPERT BIOLOGICAL SYSTEMS,ADAMA Ltd, Haifa Group, ACADIAN SEAPLANTS LIMITED, Novozymes, ATLANTIC AGRICULTURAL, International Trade Corporation, Biostadt India Limited,AGROENZYMAS,Bayer AG, UPL, MICROMIX, Syngenta, among others. Market information and market sales for biostimulants are available exclusively in Middle East and Africa, Global, Asia-Pacific,North America, South America and Europe . Researchers understand the power of competition and provide a competitive edge for each individual.


Manydevelopments and joint ventures are also being initiated by companies around the world that are also accelerating the market for biostimulants:


For example,


In January 2019, ADAMA Ltd. has acquired acquisition with Jiangsu Huifeng Bio Agriculture Co., Ltd under a non-binding understanding. This acquisition helped ADAMA Ltd. to improve its trade in globally and China in the field of crop protection.


In April 2019, Italpollina Inc. acquired Florida-based Horticultural Alliance Inc., which is dedicated to providing care and plant health solutions in the agricultural market. With this acquisition, the company established its operating units in the United States and also improved its business in terms of revenue.


Expansion, partnership and other strategies increase the company’s share in the market with greater presence and coverage. It also gives the advantage for the organization to improve its supply of bio-stimulant products for the welfare offarmers, as well as of consumers in the agricultural sector.



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Frequently Asked Questions (FAQ) :

biostimulants market is projected to grow at approximately 11.09% CAGR during the assessment period (2017-2023).

biostimulants market is estimated to reach a valuation of approx. USD 7 BN by the end of 2023.

Augmnting demand for organically produced foods and increasing level of investment in research to identify organic molecules, are major tailwinds pushing the growth of the global biostimulants market.

Europeholds the largest share in the global biostimulants market, followed by North America and the Asia Pacific, respectively.

Koppet B.V. (Netherland), Agriculture Solutions Inc. (Canada), China Daily Co., Ltd. (China), Eastman Chemical Company (US), BASF SE(Germany), Agrinos AS (US), Arysta Lifescience Corporation (India), Valagro SpA (Italy), Acadian Seaplants Ltd. (India), FMC Corporation (US), Bayer A G (Germany), Koppert Biological Systems (Netherland), Isagro SpA (Italy), Biolchim SpA (Italy), and Italpollina SpA (Italy), are some of the top players operating in the global biostimulants market.