Plant Biostimulant Market worth US$ 4.4 Billion 2024 with a CAGR of 6.30%

Published Date: February 2024

Plant Biostimulant is a substance or a microorganism, which helps enhance the growth of the plant. Biostimulant does not serve nutrient deficiency. In place of serving nutrient deficiency, it helps to raise water holding capacity, nutrient availability, metabolism, and the production of chlorophyll. The general view on biostimulants is that they are neither fertilizers nor pesticides, and are in some ways beneficial to the plant body. Biostimulants are associated with organic gardening and farming, nowadays which are witnessing healthy progress in conventional agriculture as well. Biostimulants are increasingly being perceived as a response to the consumer demand for ‘softer’ agricultural practices.

The report "Plant Biostimulant Market, By Active Ingredients (Humic Acid, Fulvic Acid, Amino Acid, Protein Hydrolysate, Seaweed Extract, and Others), By Type (Natural Biostimulant, and Biosynthetic Biostimulant), By Crop Type (Foliar, Soil, and Seed), By Application (Cereal, Oilseed, Fruit & Vegetable, Turf & Ornamental, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Highlights:

  • In 2016, Arysta Life Science signed an agreement with Beem Biologics Inc. as per the agreement, Arysta LifeScience would license a new, novel, plant extract-derived biostimulant technology from Beem Biologics

Analyst View:

The expansion of the organic food industry that enhance soil microflora helps to uptake of nutrients more efficient is the major propelling factor for the growth of the global market. For instance, according to United States, in 2017, the increased urbanization is anticipated to grow at a robust pace, and boosts the demand for food with the better quality and productivity. Additionally, the higher benefits with the improvement in productivity and yield is another driving factor for the growth of the target market. Moreover, increased emphasis on sustainable farming over the past two decades which is boosting factor for the growth of global market. In addition, the amplification of the antioxidants in plant is the fueling factor for the growth of the target market. Nevertheless, the innovation in the product development to provide the natural habitat to grow can create an opportunity for the growth of the global market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Plant Biostimulant Market”, By Active Ingredients (Humic Acid, Fulvic Acid, Amino Acid, Protein Hydrolysate, Seaweed Extract, and Others), By Type (Natural Biostimulant, and Biosynthetic Biostimulant), By Crop Type (Foliar, Soil, and Seed), By Application (Cereal, Oilseed, Fruit & Vegetable, Turf & Ornamental, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:        

The plant biostimulant market accounted for US$ 4.4 billion in 2024 and is projected to register a moderate CAGR 6.30% over the forecast period. The market report has been segmented on the basis of active ingredient, type, crop type, application, and region.

  • By active ingredient, the global plant biostimulant market is segmented into the humic acid, fulvic acid, amino acid, protein hydrolysate, seaweed extract, and others.
  • By type, natural biostimulant is the dominating segment because it has more tolerance to the environment stress.
  • By crop type, the global market is classified into foliar, soil, and seed
  • By application, the target market is bifurcated into cereal, oilseed, fruit & vegetable, turf & ornamental, and others
  • By region, Europe is the dominating region for the plant biostimulant market due to large scale industrialization agriculture production, in advance nations, that tents to opt more use of biosimulant that helps in reducing the heavy usage of the chemicals in fields.

Competitive Landscape:

The prominent player operating in the global plant biostimulant market includes Eastman Chemical Company, Arysta Life science Corporation, Isagro SPA, Lallemand Plant Care, Agrinos AS, Atlántica Agricola, Biostadt India Ltd., Brandt Consolidated Inc., Ilsa SPA, and Ital pollina SPA

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and sales performance of various companies
  • Detailed analysis of this market revenue in previous & next coming years
  • Examining various outlooks of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is anticipated to dominate the market.
  • Study on the regions that are expected to register the fastest growth over the forecast period.

Key Topics Covered

  1. Introduction
  • Study Deliverables
  • Study Assumptions
  • Scope of the Study
  1. Research Methodology
  2. Executive Summary
  • Opportunity Map Analysis
  • Market at Glance
  • Market Share (%) and BPS Analysis, by Region
  • Competitive Landscape
  • Heat Map Analysis 
  • Market Presence and Specificity Analysis
  1. Investment Analysis
  2. Competitive Analysis

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