Global biostimulants market was valued at USD 1.74 Billion in 2016. It is expected to grow at 10.2% CAGR between 2017 and 2025. The market will be driven by a rising focus on productivity and rapid soil degradation.
Biostimulants have emerged as an integral part of sustainable agricultural practices. The industry has faced many challenges in recent years, including soil contamination and environmental hazards from the injudicious use of chemical-based products. Biostimulants can be used to replace chemical-based agroproducts and they are being replaced at a faster rate due to their environmental-friendly nature as well as their performance efficiency.
Biostadt India Limited, a biostimulant manufacturer, offers customized products that are tailored to each crop and soil. The company also educates farmers about the advantages of superior agro products and expands its geographic reach. Through various expansion strategies, key players are working to strengthen their market position, particularly in emerging economies.
To increase their profits and improve their bargaining power, companies are embracing backward and forward-integration. This will only increase the competition during the forecast period. The overall competitive landscape through 2025 will be impacted by research and development, as well as expanding product lines.
In 2016, the largest active ingredient segment was acid-based biostimulants. The acid-based segment includes products based on fulvic and humic acids as well as amino acids. The major source of phytohormones is the amino acids. They aid in activating plants' metabolic systems and seed germination. They are responsible for fruit development, flowering, pollination and fruit setting in plants. Humic substances are naturally occurring products that result from the chemical degradation of soil residues and animal and plant material.
The fastest expected growth rate for seaweed extracts is over the forecast period. They are used mainly as biostimulants because they contain plant growth substances like cytokinins and auxins. The most widely used seaweed extracts include green, red, and brown algae. Ascophyllum nodosum and Sargassum, Laminaria and Turbinaria are all brown seaweed extracts that offer many benefits, including higher nutrient uptake and yield, faster seed germination flower, fruit setting and better quality.
Based on their crop type, row crops and cereals dominate overall biostimulants markets. These include cotton, soybeans and barley. These crops can be grown in large areas all over the world and provide lucrative growth opportunities for the sector. Biostimulants can increase cell division rates, seed size, yields, and profitability for row crops like soybeans, corn, and even barley. They are rich in amino acids, polyamines and Indole-3-acetic Acid (IAA), which aid in breaking down barriers to cell division and expansion.
Biostimulants are becoming more popular among global agriculture professionals for cultivating cereals and row crops. This segment is expected to grow due to rising demand for organic grains. The market is expected to see huge growth opportunities due to growing acceptance of organic and sustainable farming methods to meet rising food demand.
Globally, the foliar spray technique dominates the market. Seed treatment will show the highest revenue-based CAGR at 12.3% for the forecast period. Seed treatment is more cost-effective than conventional spraying methods. The treatment is performance-efficient as well as not as labor-intensive as other methods. This helps to reduce overall input costs. These factors will likely drive the segment to 2025.
To facilitate the absorption of nutrients, the product can be directly applied to the leaves during foliar treatment. The epidermis, stomata and stomata absorb nutrients. To make it easier to use, biostimulants for foliar treatments are typically sold in liquid form. These active ingredients are mainly used in foliar applications. This treatment speeds up the absorption of nutrients in leaves and enhances nutrient intake. It also increases cell activity.
Europe is expected to remain the most lucrative region on the global market, generating the majority of revenue. Biostimulants will be more widely used if there are supportive regulations that encourage organic food production. The slow growth of Western Europe's agriculture sector is expected to be a major limiting factor in the market. Additionally, the existence of fertilizers will be a threat to the market's future.
Asia Pacific is expected to experience promising growth in the future due to the presence of many agriculture-driven economies like Australia, India, China, and Australia. The countries of Asia Pacific have a wide range of incomes, food consumption habits, and spending capabilities. The region's agriculture sector is experiencing steady growth, and its population is heavily dependent on it. This creates lucrative opportunities for the region's market.
The global market for biostimulants includes key players such as BASF SE, Isagro Group and Sapec Groups, Biolchim A.P.A., Novozymes A/S., Platform Specialty Products Corporations, Valagro Groups, Koppert B.V.s, Italpollina SAPs, and Biostadt Limited. The market is still in its infancy in many emerging economies, especially in Asia Pacific. However, there are plenty of opportunities for established players as well as new entrants.
This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the global market for biostimulants on the basis active ingredient, crop type and application.
Outlook on Active Ingredients (Volume, Thousand Histares; Revenues, USD Millions, 2014-2025)
Acid-based
Seaweed Extracts
Microbial
Other
Crop Type Outlook (Volume: Thousand Hectares; Revenue, USD Million, 2014-2025)
Row Crops & Cereals
Fruits & Vegetables
Turf & Ornamentals
Other
Application Outlook (Volume: Thousand Hectares; Revenue, USD Million, 2014-2025)
Foliar
Seed
Soil
Regional Outlook (Volume: Thousand Hectares; Revenue, USD Million, 2014-2025)
North America
The U.S.
Europe
The U.K.
Germany
Italy
Asia Pacific
China
India
Japan
Australia
Central & South America
Brazil
Middle East & Africa
b. Global biostimulants market was valued at USD 2.30 Billion in 2019, and is projected to grow to USD 2.53 Billion by 2020.
What is the market growth for biostimulants?b. Global biostimulants are expected to grow at a compound annual rate of 10.2% between 2017 and 2025, to reach USD 4.14 trillion by 2025.
Which market segment had the largest share of biostimulants?b. With a 38.7% share in 2019, Europe was the market leader in biostimulants. This can be attributed to the supportive regulations that encourage organic food production.
What are the major players in the biostimulants marketb. Some of the key players in the biostimulants industry include BASF SE and Isagro Group.
What are the driving factors for the market in biostimulants?b. The market growth is being driven by a rising focus on productivity and rapid soil degradation.
Up Market Research published a new report titled “Biostimulants Market research report which is segmented by Application (Foliar, Soil), by Crop Type (Row Crops & Cereals), by Active Ingredient (Seaweed Extract, Microbial, Acid Based), By Players/Companies Isagro Group, Valagro Group, Koppert BV, Biostadt India Limited, Italpollina SAP, BASF SE, Biolchim SPA, Sapec Group, Platform Specialty Products Corporation, Novozymes A/S”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Biostimulants Market Research Report |
By Application | Foliar, Soil |
By Crop Type | Row Crops & Cereals |
By Active Ingredient | Seaweed Extract, Microbial, Acid Based |
By Companies | Isagro Group, Valagro Group, Koppert BV, Biostadt India Limited, Italpollina SAP, BASF SE, Biolchim SPA, Sapec Group, Platform Specialty Products Corporation, Novozymes A/S |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 230 |
Number of Tables & Figures | 161 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Foliar, Soil), by Crop Type (Row Crops & Cereals), by Active Ingredient (Seaweed Extract, Microbial, Acid Based).
Biostimulants Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Biostimulants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Biostimulants Market Report:
Some other reports from this category!