Global Biostimulants Market Analysis by Active Ingredient, Application, Crop, Form, Region and segments forecast till 2033
Market Overview
The global biostimulants market is presently worth USD 3,080 million and is poised to amplify at a CAGR of 10.4% over 2023-2033, thereby amassing a valuation of USD 6,790 million by end of the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 3,080 million |
Market Forecast in 2033 | USD 6,790 million |
CAGR % 2023-2033 | 10.4% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Biolchim S.p.A, Biovert SL, BASF SE, Bayer S.p.A., Arysta LifeScience Corporation, ILSA S.p.A., Italpollina S.p.A., Koppert B.V., Lallemand, Trade Corporation International, Valagro, Desarrollo Agrícola y Minero, S.A., Artal Agronutrientes, Mahafeed Specialty Fertilizers Pvt. Ltd., Agrinos, Micromix, Biostadt India Limited, AGRICHEM, S.A., Agricultural Sciences, Inc., Produquimica (Compass Minerals), , Stoller, BioAg, General Hydroponics Inc., Ag Concepts, Nutrien, and Nutri-Tech Solutions Pty Ltd. |
Global Biostimulants Market- Description
Biostimulants are referred to as a wide array of substances used to increase plant growth. These substances are generally made of bioactive compounds such as amino acids, humic-fulvic acids, hormones, and algae extracts. Biostimulants are equipped with the ability to enhance soil health and optimize nutrient use, thereby ensuring health crop or plant growth without the use of fertilizers. The escalating demand to enhance yield per hector, increase in precision farming practices, and growing instances of soil degradation are the major factors influencing the progression of this business vertical.
Furthermore, rising awareness regarding the long-term effects of artificial chemicals or fertilizers used to induce plant growth is creating lucrative opportunities for the marketplace to prosper. Alongside, widespread advancements in the agricultural sector, growing instances of natural resource exploitation, and increasing hunger and malnutrition are positively swaying the industry dynamics.
Also, increasing need for sustainable agriculture for environmental protection and surging R&D activities in the field are creating an upward trend for the market. Besides, shifting cultivator inclination towards the integration of protein-rich regulators in typical farming practices is adding momentum to the development of this market.
Moreover, ability of biostimulants from reducing abiotic stress in plants including droughts, extreme climate, floods, and unfavorable salinity is augmenting the outlook of this industry vertical. On the contrary, stringent approval norms and high R&D costs pertaining to these substances are limiting the remuneration scope of this business sphere.
Global Biostimulants Market: Key Trends
· Rise in Technological Innovations for The Production of Biostimulants to Boost Market Expansion
The integration of advancement technologies to boost the production of biostimulants has enabled manufacturers to develop products in the plant growth promoter domain. segments. Since biostimulants are used in all the segments of the agricultural sector including food crops, fruit crop along with plantation and ornamental crops. Hence availability of advanced products in the field in increasing the demand across the globe.
· Growing Need for Sustainable Agriculture to Stimulate Industry Dynamics
There has been a steep rise in the instances of ecological exploitation. The use of chemical fertilizers has a major contribution in the increasing pollution levels and deteriorating health condition of humans and animals. Therefore, the adoption of biostimulants for farming practices can ensure plant growth is a sustainable and efficient manner without harming the environment. This is turn is adding traction to the expansion of this market.
Global Biostimulants Market: Segmental Assessment
By Active Ingredient:
• Acid Based
• Extract Based
• Others
The acid based segment is expected to amass notable gains over the stipulated timeline owing to their widespread benefits such as soil pH value regulation, optimization of uptake nutrients, and enhancement of water retention.
By Application:
• Foliar Treatment
• Soil Treatment
• Seed Treatment
The foliar segment is anticipated to generate significant returns over the forecast duration due to escalating demand to improve farm yield.
By Crop:
• Row Crops
• Turf & Ornamentals
• Fruit & Vegetables
• Others
The turf & ornamentals segment is slated to grow considerably over the estimated timeline ascribing to the surging number of sports clubs and nurseries across the globe.
By Form:
• Dry
• Liquid
The liquid segment is expected to showcase lucrative expansion trends over the assessment timeframe due to the ability of liquid formulation to activate the osmotic effects of plants.
Global Biostimulants Market: Geographical Landscape
The major regions constituting the geographical gamut of this market vertical are Middle East & Africa, North America, Europe, Asia Pacific, and Latin America. Among these, Europe is projected to capture a high revenue share over 2023-2033. This is attributable to the elevating demand for eco-friendly farming alternatives and increasing consumption of organic food products.
Meanwhile, Asia Pacific is poised to showcase lucrative growth trends over the forecast period credited to rising demand for food crops due to population expansion, developments in the agricultural sector, and favorable government incentives to promote the use of biostimulants.
Global Biostimulants Market: Recent Developments
· In February 2020, Valagro announced the acquisition of Mirnagreen to diversify its product offerings.
Global Biostimulants Market: Key Companies
· Biolchim S.p.A
· Biovert SL
· BASF SE
· Bayer S.p.A.
· Arysta LifeScience Corporation
· ILSA S.p.A.
· Italpollina S.p.A.
· Koppert B.V.
· Lallemand
· Trade Corporation International
· Valagro
· Desarrollo Agrícola y Minero S.A.
· Artal Agronutrientes
· Mahafeed Specialty Fertilizers Pvt. Ltd.
· Agrinos
· Micromix
· Biostadt India Limited
· AGRICHEM, S.A.
· Agricultural Sciences, Inc.
· Produquimica (Compass Minerals)
· Stoller
· BioAg
· General Hydroponics Inc.
· Ag Concepts
· Nutrien
· Nutri-Tech Solutions Pty Ltd.
· Others
Global Biostimulants Market: Regional Scope
North America
· U.S.
· Canada
· Mexico
Europe
· U.K.
· Germany
· France
· Italy
· Spain
· Rest of Europe
Asia Pacific
· China
· India
· Japan
· South Korea
· Australia
· Rest of Asia Pacific
South America
· Brazil
· Argentina
· Rest of South America
Middle East and Africa
· Saudi Arabia
· UAE
· Egypt
· South Africa
· Rest of Middle East and Africa
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1.
Global Biostimulants Market Introduction
and Market Overview
1.1. Objectives
of the Study
1.2. Biostimulants Market Definition & Description
1.3. Global
Biostimulants Market Scope and Market Estimation
1.3.1. Global
Biostimulants Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)
1.3.2. Global
Biostimulants Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033
1.4. Market
Segmentation
1.4.1. Active
Ingredient of Global Biostimulants Market
1.4.2. Application
of Global Biostimulants Market
1.4.3. Crop of
Global Biostimulants Market
1.4.4. Form of
Global Biostimulants Market
1.4.5. Region
of Global Biostimulants Market
2.
Executive
Summary
2.1. Global
Biostimulants Market Industry
Trends under COVID-19 Outbreak
2.1.1. Global
COVID-19 Status Overview
2.1.2. Influence
of COVID-19 Outbreak on Global Biostimulants
Market Industry Development
2.2. Market
Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact
Analysis of Drivers and Restraints
2.3. Pricing
Trends Analysis & Average Selling Prices (ASPs)
2.4. Key
Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s
Five Forces Analysis
2.5.1. Bargaining
Power of Suppliers
2.5.2. Bargaining
Power of Buyers
2.5.3. Threat
of Substitutes
2.5.4. Threat
of New Entrants
2.5.5. Competitive
Rivalry
2.6. Value
Chain / Ecosystem Analysis
2.7. PEST
Analysis
2.8. Russia-Ukraine
War Impacts Analysis
2.9. Economic
Downturn Analysis
2.10. Market
Investment Opportunity Analysis (Top Investment Pockets), By Segments & By
Region
3.
Global
Biostimulants Market Estimates &
Historical Trend Analysis (2020 - 2022)
4.
Global
Biostimulants Market Estimates &
Forecast Trend Analysis, By Active Ingredient
4.1. Global
Biostimulants Market Revenue (US$ Mn) Estimates and Forecasts, By Active
Ingredient, 2023 to 2033
4.1.1. Acid
Based
4.1.2. Extract
Based
4.1.3. Others
5.
Global
Biostimulants Market Estimates &
Forecast Trend Analysis, By Application
5.1. Global
Biostimulants Market Revenue (US$ Mn) Estimates and Forecasts, By Application, 2023
to 2033
5.1.1. Foliar
Treatment
5.1.2. Soil
Treatment
5.1.3. Seed
Treatment
6.
Global
Biostimulants Market Estimates &
Forecast Trend Analysis, By Crop
6.1. Global
Biostimulants Market Revenue (US$ Mn) Estimates and Forecasts, By Crop, 2023 to
2033
6.1.1. Row
Crops
6.1.2. Turf
& Ornamentals
6.1.3. Fruit
& Vegetables
6.1.4. Others
7.
Global
Biostimulants Market Estimates &
Forecast Trend Analysis, By Form
7.1. Global
Biostimulants Market Revenue (US$ Mn) Estimates and Forecasts, By Form, 2023 to
2033
7.1.1. Dry
7.1.2. Liquid
8.
Global
Biostimulants Market Estimates &
Forecast Trend Analysis, By Region
8.1. Global
Biostimulants Market Revenue (US$ Mn) Estimates and Forecasts, By Region, 2023
to 2033
8.1.1. North
America
8.1.2. Europe
8.1.3. Asia
Pacific
8.1.4. Middle
East & Africa
8.1.5. South
America
9.
North
America Biostimulants Market: Estimates
& Forecast Trend Analysis
9.1. North
America Biostimulants Market Assessments & Key Findings
9.1.1. North
America Biostimulants Market Introduction
9.1.2. North America
Biostimulants Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
9.1.2.1. By Active Ingredient
9.1.2.2. By Application
9.1.2.3. By Crop
9.1.2.4. By Form
9.1.2.5. By
Country
9.1.2.5.1. The
U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Europe Biostimulants Market: Estimates & Forecast
Trend Analysis
10.1. Europe
Biostimulants Market Assessments & Key Findings
10.1.1. Europe
Biostimulants Market Introduction
10.1.2. Europe
Biostimulants Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
10.1.2.1. By Active Ingredient
10.1.2.2. By Application
10.1.2.3. By Crop
10.1.2.4. By Form
10.1.2.5. By
Country
10.1.2.5.1.
Germany
10.1.2.5.2.
U.K.
10.1.2.5.3.
France
10.1.2.5.4.
Italy
10.1.2.5.5.
Spain
10.1.2.5.6.
Russia
10.1.2.5.7.
Rest of Europe
11. Asia Pacific Biostimulants Market: Estimates & Forecast
Trend Analysis
11.1. Asia
Pacific Market Assessments & Key Findings
11.1.1. Asia
Pacific Biostimulants Market Introduction
11.1.2. Asia
Pacific Biostimulants Market Size Estimates and Forecast (US$ Million) (2023 to
2033)
11.1.2.1. By Active Ingredient
11.1.2.2. By Application
11.1.2.3. By Crop
11.1.2.4. By Form
11.1.2.5. By
Country
11.1.2.5.1.
China
11.1.2.5.2.
Japan
11.1.2.5.3.
India
11.1.2.5.4.
Australia
11.1.2.5.5.
South Korea
11.1.2.5.6.
ASEAN
11.1.2.5.7.
Rest of Asia Pacific
12. Middle East & Africa Biostimulants Market: Estimates & Forecast
Trend Analysis
12.1. Middle
East & Africa Market Assessments & Key Findings
12.1.1. Middle
East & Africa Biostimulants Market
Introduction
12.1.2. Middle
East & Africa Biostimulants Market Size Estimates and Forecast
(US$ Million) (2023 to 2033)
12.1.2.1. By Active Ingredient
12.1.2.2. By Application
12.1.2.3. By Crop
12.1.2.4. By Form
12.1.2.5. By
Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi
Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South
Africa
12.1.2.5.5. Rest
of Middle East & Africa
13. South America Biostimulants Market: Estimates & Forecast
Trend Analysis
13.1. South
America Market Assessments & Key Findings
13.1.1. South
America Biostimulants Market Introduction
13.1.2. South
America Biostimulants Market Size Estimates and Forecast (US$ Million) (2023 to
2033)
13.1.2.1. By Active Ingredient
13.1.2.2. By Application
13.1.2.3. By Crop
13.1.2.4. By Form
13.1.2.5. By
Country
13.1.2.5.1. Brazil
13.1.2.5.2. Argentina
13.1.2.5.3. Colombia
13.1.2.5.4. Rest
of South America
14. Competition Landscape
14.1. Global
Biostimulants Market Competition Matrix & Benchmarking, by Leading Players
/ Innovators / Emerging Players / New Entrants
14.2. Global
Biostimulants Market Concentration & Company Market Shares (%) Analysis,
2022
15. Company Profiles
15.1. Biolchim S.p.A
15.1.1. Company
Overview & Key Stats
15.1.2. Financial
Performance & KPIs
15.1.3. Product
Portfolio
15.1.4. Business
Strategy & Recent Developments
* Similar details would be provided for all the
players mentioned below
15.2. Biovert SL
15.3. BASF SE
15.4. Bayer S.p.A.
15.5. Arysta LifeScience Corporation
15.6. ILSA S.p.A.
15.7. Italpollina S.p.A.
15.8. Koppert B.V.
15.9. Lallemand
15.10. Trade Corporation International
15.11. Valagro
15.12. Desarrollo Agrícola y Minero S.A.
15.13. Artal Agronutrientes
15.14. Mahafeed Specialty Fertilizers Pvt. Ltd.
15.15. Agrinos
15.16. Micromix
15.17. Biostadt India Limited
15.18. AGRICHEM, S.A.
15.19. Agricultural Sciences, Inc.
15.20. Produquimica (Compass Minerals)
15.21. Stoller
15.22. BioAg
15.23. General Hydroponics Inc.
15.24. Ag Concepts
15.25. Nutrien
15.26. Nutri-Tech Solutions Pty Ltd.
15.27. Others**
16. Research Methodology
16.1. External
Transportations / Databases
16.2. Internal
Proprietary Database
16.3. Primary
Research
16.4. Secondary
Research
16.5. Assumptions
16.6. Limitations
16.7. Report
FAQs
17. Research Findings & Conclusion
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