Global Biostimulants Market Overview
Biostimulants Market Size was valued at USD 4.7 billion in 2024 and is projected to grow at a CAGR of 12.6%to reach USD 13.81 billion by 2034.
Biostimulants are essential to address the increasing demand for agricultural products in a more sustainable way. Our industry's main goal is to create and market biostimulant products that work well with the most cutting-edge agricultural methods utilized in Integrated Crop Management (ICM), the foundation of sustainable agriculture. They don't include fertilizers or pesticides. The underlying premise of the notion is that plants are not isolated creatures, but rather grow in complex ecosystems where they interact with other organisms, and that these relationships can be manipulated to improve plant growth.
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 biostimulants improves plant growth and development throughout the crop life cycle, i.e., from seed germination to plant maturity.
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 Drivers & Restraints
Biostimulants Market Drivers:
Growing Consumer Demand for Eco-Friendly Agriculture
- Food produced with sustainable methods is becoming more and more in demand. Natural or microorganism-based biostimulants provide a more environmentally friendly option to synthetic insecticides and fertilizers. Without endangering the environment, they can strengthen plant health and stress tolerance.
Need to Improve Crop Productivity
- There is ongoing demand to raise food production due to the world's expanding population. Through promoting nutrient uptake, stress tolerance, and root growth, biostimulants can assist increase crop yields. In light of climate change and other environmental issues, this is especially crucial.
Regulatory Support
- In several nations, regulatory agencies are beginning to accept biostimulants more. Manufacturers and farmers now have more clarity and assurance, which encourages investment and adoption.
Emphasis on Soil Health
- Using biostimulants can significantly enhance the condition of the soil. Through encouraging microbial activity and the breakdown of organic materials, they can contribute to the establishment of a more wholesome and efficient growing environment for crops.
Restrains in the Biostimulants Market:
Absence of Standardized Regulations
- Biostimulants are a broad category of agents with different compositions and modes of action than traditional insecticides and fertilizers. It might be challenging for farmers to comprehend the effectiveness and proper application of various products due to the absence of established laws and terminology.
Limited Knowledge
- The advantages of biostimulants are still not entirely understood by many farmers. To expand knowledge and comprehension of these items, more outreach and education are required.
Key Opportunities in Biostimulants Market:
- The market for biostimulants has promising development prospects, propelled by multiple significant trends. First off, biostimulants—which provide environmentally friendly ways to improve crop yields and quality—fit well into the growing market for sustainable agricultural methods.
- Second, the advantages of biostimulants—which encourage microbial activity and the breakdown of organic matter—perfectly coincide with the increasing emphasis on enhancing soil health.
- Furthermore, as precision agriculture becomes more widely used, biostimulants can be applied precisely based on data-driven analysis, increasing their efficacy.
- Moreover, unexplored markets with enormous potential for improving seed vigor and crop establishment include seed treatment with biostimulants.
- As more standardized and affordable products are developed via continuous research & development, the biostimulants market is expected to grow significantly in the upcoming years.
Global Biostimulants Market Segmentations & Regional Insights
Biostimulants Market is segmented based on based on by Active Ingredients, By Form, By Crop Type, Application and Region.
By Active Ingredients
- Humic Substances (Humic Acid & Fulvic Acid) - A well-known category that includes fulvic and hydrochloric acids. By increasing water retention, boosting nutrient availability, and fostering beneficial microbial activity, humic compounds increase soil health. The bigger molecule, humic acid, acts as a store of nutrients, and the smaller one, fulvic acid, helps plants absorb nutrients.
- Seaweed Extracts - A noteworthy and highly prevalent segment. Seaweed extracts contain a multitude of advantageous chemicals, including betaines, cytokinins, and polysaccharides. These substances improve plant defence mechanisms, encourage nutrient uptake, and stimulate root development.
- Microbial Amendments - A rapidly expanding field with enormous promise. Beneficial fungus, bacteria, and other microbes are added to the soil by microbial amendments. Through a variety of processes, these microorganisms increase nutrient cycling, strengthen soil fertility, and stimulate plant development
- Trace minerals and Vitamins - burgeoning niche market. Vitamins and trace minerals are crucial for plant metabolism and stress tolerance. When dealing with particular soil conditions, biostimulants that contain these micronutrients can help maximize plant growth and alleviate shortages.
- Amino Acids - At the moment, amino acids have the most market share. The building blocks of proteins, amino acids are essential to many plant processes, including photosynthesis, food absorption, and stress tolerance. Plants may quickly absorb them in their easily available form, which results in rapid improvements in plant health.
By From
- Dry - In general, dry biostimulants are less costly than their liquid equivalents. For cost-conscious farmers, particularly those in charge of smaller farms, this can be a huge benefit. Because of their concentrated form and lighter weight, dry formulations are more convenient to store and carry.
- Liquid - Because they are so simple to use, liquid biostimulants currently command the largest market share. They are easily applied using foliar sprays or fertigation systems after being combined with water. They are perfect for large-scale farms since this enables uniform coverage over wide regions and precision application. Because liquid formulations are more easily absorbed by plants, they provide faster nutrient uptake. This can be especially helpful for crops that require a boost at crucial growth phases or that need to respond quickly to stress.
By Crop Type
- Row Crops & Cereals - Because there are so many cultivated areas worldwide devoted to crops like maize, wheat, and rice, this segment has the biggest market share. In these staple crops, biostimulants can greatly increase yields and improve stress tolerance, thereby promoting global food security.
- Fruits and Vegetables - An Advocate for Growth: Because of the growing demand for premium produce, this market is predicted to develop significantly. Biostimulants can extend the shelf life, boost resistance to pests and illnesses, and improve the quality of fruits and vegetables. This satisfies the increasing demand from customers for nutritious, aesthetically pleasing, and fresh fruits and vegetables.
- Turf and Ornamentals - A Valuable Niche This section focuses on improving the appearance and health of attractive plants in gardens and landscapes, as well as turfgrass in sports fields, lawns, and golf courses. A more vibrant and resilient landscape can result from the use of biostimulants, which can increase root growth, improve drought tolerance, and improve overall plant health.
- Others - This section covers a range of crops, such as oilseeds (canola, soybean), fiber crops (cotton), and pulses (lentils, chickpeas). Even if each market leader may have a smaller share than the others, biostimulants can significantly increase the yield, quality, and stress tolerance of various crops, which raises production levels in agriculture as a whole.
By Application
- Foliar Treatment - Currently, foliar treatment—directly applying biostimulants to leaves—has the biggest market share. This approach has a number of benefits:
Quick Results: Plants respond more quickly to stress when nutrients and beneficial substances are absorbed through the stomata on their leaves. Targeted Approach: Foliar sprays can be tailored to target particular inadequacies or difficulties that plants encounter at various phases of growth. Application Ease: Compared to other techniques, foliar application is typically a more straightforward and convenient procedure. - Soil Treatment - The goal of soil treatment is to add biostimulants to the soil environment. There are long-term advantages to this method: Better Soil Health: Biostimulants can improve soil structure, boost organic matter decomposition, and encourage beneficial microbial activity, all of which contribute to a healthier and more fruitful growth environment. Enhanced Nutrient Availability: By making vital nutrients in the soil more accessible to plants, biostimulants can help plants absorb them more easily. Stress Tolerance Boost: Plant resistance to salinity, drought, and other environmental stresses can be increased by a healthy soil microbiome that is supported by the administration of biostimulants.
- Seed Treatment - Applying biostimulants directly to seeds prior to planting, or "seed treatment," is a rapidly expanding field with enormous promise. Better Seed Germination: Biostimulants can accelerate the breaking of seed dormancy, increase the rate of germination, and strengthen the establishment of seedlings. Enhanced Plant defensive: During crucial early growth phases, early exposure to biostimulants can fortify the plant's defensive mechanisms against pests and diseases. Stress Tolerance from the Outset: Biostimulant-treated seeds can better prepare young plants to withstand environmental stresses during their growth cycle.
Biostimulants Market Regional Insights:
On region the Biostimulants Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- North America: With the biggest market share, North America is in the lead. This supremacy is the result of several interrelated factors: widespread use of internet hiring platforms by companies. large candidate pool for jobs. Strong economic expansion is boosting the need for creative solutions.
- Asia Pacific region is growing quickly due to the following factors: booming economies in nations like India and China expanding the number of people using the internet and enabling online hiring and a youthful, tech-savvy populace at ease on digital channels.
- Europe is a big market, with a population that is tech-savvy and a developed economy. Nonetheless, its market share is less than that of North America because of: Barriers posed by regulations to biostimulant products. Language obstacles throughout the various European nations.
- Latin America: Growing internet usage and easier access to online recruitment are the main factors driving the Latin American market's growth. An increasing number of talented individuals are looking for work. Still, the market is still less developed than in more developed areas.
- Middle East & Africa: Globally speaking, the Middle East and Africa (MEA) region has the smallest market share. Nonetheless, substantial expansion is anticipated as a result of: Government programs supporting internet services and digitization. A growing number of young people are joining the workforce.
Biostimulants Market Report Scope:
Attribute |
Details |
Market Size 2024 |
US$ 4.7 billion |
Projected Market Size 2034 |
US$ 13.81 billion |
CAGR Growth Rate |
12.6% |
Base year for estimation |
2023 |
Forecast period |
2024-2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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 |
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 |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Biostimulants Market report based on By Active Ingredients, By Form, By Crop Type, By Application and Region:
Biostimulants Market, By Active Ingredients:
- Humic Substances (Humic Acid & Fulvic Acid)
- Seaweed Extracts
- Microbial Amendments
- Trace Minerals and Vitamins
- Amino Acids
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
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Biostimulants Market Competitive Landscape & Key Players
The key players operating the Biostimulants Market includesIsagro, Arysta LifeScience Corporation, Valagro, Monsanto, BASF SE, Koppert B.V., Biostadt India Limited, Biolchim SPA, and Italpollina S.p.A.
Global Biostimulants Market Recent News
- In April 2024, UPM launched a New Line of Biostimulant Products The introduction of UPM Solargo, a new line of bio-based plant stimulants, has been announced by UPM Biochemicals. With this introduction, UPM enters the sizable and lucrative agrochemicals sector with a cutting-edge, environmentally friendly solution that replaces goods made from fossil fuels.
- In November 2023, Yara launched biostimulant to expand line of fertilizers. Many of the most widely consumed foods in the world, such wheat, tomatoes, and maize, may see their crop yields decline as a result of climate change. Agriculture is currently facing more harsh weather than ever before, with temperature increases particularly severe on land, while the average world temperature has already climbed by over 1°C in the last 100 years*1.
Global Biostimulants Market Company Profile
- Isagro
- Arysta LifeScience Corporation
- Valagro
- Monsanto
- BASF SE
- Koppert B.V.
- Biostadt India Limited
- Biolchim SPA
- Italpollina S.p.A
Global Biostimulants Market Highlights
FAQs
Biostimulants Market Size was valued at US$ 4.7 billion in 2024 and is projected to grow at a CAGR of 12.6%to reach US$ 13.81 billion by 2034.
Biostimulants Market is segmented into By Active Ingredients, By Form, By Crop Type, Application and Region.
Factors driving the market includes Growing Consumer Demand for Eco-Friendly Agriculture, Need to Improve Crop Productivity, Regulatory Support, and Emphasis on Soil Health.
Restraints of the Biostimulants Market include Absence of Standardized Regulations, Limited Knowledge, High Cost, and Unreliable Outcomes.
Biostimulants Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Europe is expected to dominate the Market.
The key players operating the Biostimulants Market includes Isagro, Arysta LifeScience Corporation, Valagro, Monsanto, BASF SE, Koppert B.V., Biostadt India Limited, Biolchim SPA, and Italpollina S.p.A.