Global Biostimulants Market Overview
The biostimulants market accounted for US$ 2.3 billion in 2019 and is estimated to be US$ 6.4 billion by 2029 and is anticipated to register a CAGR of 10.8%.
Biostimulants are biologically produced fertilizers which shows a positive impact on plant health. They are used to stimulate plant development and productivity, furthermore to the nourishment of agrarian products. Biostimulants are a combination of enzymes, microorganisms, seaweed extracts, plant hormones, and trace elements. They might increase water-holding capacity, nutrient availability, increase antioxidants, enhance metabolism, and upsurge chlorophyll production of the plants. A biostimulant improves plant growth and development throughout the crop life cycle, i.e., from seed germination to plant maturity. The biostimulants market accounted for US$ 2.3 billion in 2019 and is estimated to be US$ 6.4 billion by 2029 and is anticipated to register a CAGR of 10.8%.
Impact of COVID-19 on the market
The COVID-19 crisis has created disruption in the manufacturing of agrochemicals in terms of raw material availability. Additionally, this continual trend shall have a surging effect on crop yields and food production on economies that are mainly agrarian, during a time when demand for Agri produce shall record a spike over the medium term. Governments across the developing world are undertaking various policies for the manufacturing of fertilizers in order to reduce concerns regarding food security. This report will quantify the impact of this pandemic on the biostimulants market.
Global Biostimulants Market Dynamics
Active government support for biostimulants in Europe
The government of several European countries have fortified the manufacture of bio-based chemicals to increase the yield and protection of crops. In addition, the European Biostimulant Industry Consortium (EBIC) is actively involved in supporting sustainable agriculture and propelling the European Biostimulant market. EBIC identifies the contribution of biostimulants to green innovation, economic growth, sustainable agricultural production, and other European Union (EU) policy objectives. As per EBIC, in 2016, about 8.5 million hectares of land in Europe was treated with biostimulants. Such measures are projected to create lucrative growth opportunities to crop growers in European countries.
Restrains:
Exceptional capabilities of enhancing plant productivity are driving the demand for the biostimulants market . Furthermore, biostimulants also help in root system development, improving plant uniformity, enhancing photosynthetic activities, and streamline flowering. Participants involved in the biostimulants market value chain. Such as investors, regulators, consumers, and farmers are examining the potential applications of biostimulants in sustainable agriculture. Currently, both, developing as well as the developed nations are formulating guidelines related to the use of biostimulants.
Conversely, lack of awareness about the benefits of biostimulants and high cost involved in R&D activities are the key factor restraining the growth of the biostimulants market.
Global Biostimulants Market Segmentation
The biostimulants market is segmented based on active ingredients, form, crop type, application, and region.
On the basis of the active ingredients, the biostimulants market is segmented into humic substances (humic acid & fulvic acid), seaweed extracts, microbial amendments, trace minerals, and vitamins & amino acids. Based on the form, the target market is segmented into dry and liquid. Based on the crop type, the target market is classified into raw crops & cereals, fruits & vegetables, turf & ornamentals, and others. Based on the application, the target market is classified into foliar treatment, soil treatment, and seed treatment.
Regional Insights:
In the region, the biostimulants market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the market, Europe is the biggest revenue-generating region and is expected to continue its dominance throughout the forecast period. Supportive guidelines to expand the production of organic foods are projected to surge the application of biostimulants. Conversely, sluggish growth of the agriculture sector in Western Europe is projected to remain a limiting factor for the market growth. Nevertheless, the availability of biofertilizers is anticipated to pose a substitution threat over the forecast period. The Asia Pacific is expected to register promising growth in the coming years on account of the presence of numerous agriculture-driven economies such as India, China, and Australia. Asia Pacific countries are highly diverse in terms of spending capacities, income levels, and food consumption habits. The agriculture sector in the region is indorsing steady growth and the population is largely dependent on the farming sector which creates lucrative growth opportunities for the market in the region.
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Attribute |
Details |
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The base year for estimation |
2020 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Active Ingredients - Humic Substances (Humic Acid & Fulvic Acid), Seaweed Extracts, Microbial Amendments, Trace Minerals, and Vitamins & Amino Acids By Form - Dry and Liquid By Crop Type - Raw Crops & Cereals, Fruits & Vegetables, Turf & Ornamentals, and Others By Application – Foliar Treatment, Soil Treatment, and Seed Treatment |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at , regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029. For the purpose of this study, has segmented the biostimulants market report based on active ingredients, form, crop type, application, and region.
Biostimulants Market, By Active Ingredients:
- Humic Substances (Humic Acid and Fulvic Acid)
- Seaweed Extracts
- Microbial Amendments
- Trace Minerals
- Vitamins & Amino Acids
- Others
Biostimulants Market, By Form:
- Dry
- Liquid
Biostimulants Market, By Crop Type:
- Raw Crops & Cereals
- Fruits & Vegetables
- Turf & Ornamentals
- Others
Biostimulants Market, By Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
Biostimulants Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Biostimulants Market Key Players
The key players operating in the biostimulants market include Isagro, Arysta LifeScience Corporation, Valagro, Monsanto, BASF SE, Koppert B.V., Biostadt India Limited, Biolchim SPA, and Italpollina S.p.A. Multiple strategies such as new product launches, acquisitions, and joint ventures are adopted by the companies to enter the biostimulants market. For instance, In February 2019, UPL (India) acquired Arysta LifeScience Corporation (US), a portion of Platform Specialty Products Corporation (US). The acquisition helped the company to widen its footprint in the biologicals market, and strengthen its geographical presence.
Global Biostimulants Market Company Profile
- Isagro
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Arysta LifeScience Corporation
- Valagro
- Monsanto
- BASF SE
- Koppert B.V.
- Biostadt India Limited
- Biolchim SPA
- Italpollina S.p.A
“*” marked represents similar segmentation in other categories in the respective section
Global Biostimulants Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Outlook for Biostimulants Strategies
- Key Questions this Study will Answer
- Market Snippet, By Active Ingredients
- Market Snippet, By Form
- Market Snippet, By Crop Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Active Ingredients, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Humic Substances
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Humic Acid
- Fulvic Acid
- Seaweed Extracts
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Microbial Amendments
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Trace Minerals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Vitamins & Amino Acids
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Form, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Dry
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Liquid
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Crop Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Raw Crops & Cereals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Fruits & Vegetables
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Turf & Ornamentals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Other Crop Types
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Foliar Treatment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Soil Treatment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Seed Treatment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Active Ingredients, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Crop Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Active Ingredients, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Crop Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Active Ingredients, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Crop Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Active Ingredients, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Crop Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Active Ingredients, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Crop Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Isagro
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Arysta LifeScience Corporation
- Valagro
- Monsanto
- BASF SE
- Koppert B.V.
- Biostadt India Limited
- Biolchim SPA
- Italpollina S.p.A
- Isagro
-
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global biostimulants market is segmented based on active ingredients, form, crop type, application, and region
Exceptional capabilities of enhancing plant productivity is likely to drive the growth of the global biostimulants market over the forecast period.
In the global market, Europe is the biggest revenue-generating region and is expected to continue its dominance throughout the forecast period.
Multiple strategies such as new product launches, acquisitions, and joint ventures are adopted by the companies to enter the biostimulants market. For instance, In February 2019, UPL (India) acquired Arysta LifeScience Corporation (US), a portion of Platform Specialty Products Corporation (US).