Global Biostimulants Market Forecast and
The human population
is increasing quickly and is anticipated to cross 9 billion by 2050. The
current trend of agricultural food production is insufficient to support global
food demand. It has been estimated that within the coming next 40 years the
agricultural food production must be increased by 60%. These factors are
expected drive the biostimulants market to coupled with increase in food
production. The extensive uses of agrochemicals for fulfilling the global food
requirement have degraded 25% of the productive agricultural land that results
in arid and non-fertile soils. Increasing focus on enhancing productivity,
along with rapid soil degradation, is expected to propel the biostimulants
market over the forecast period.
appearing as an essential component in a sustainable agricultural method. Furthermore,
rapid globalization trends and modern industrialization have diminished the arable
lands for agricultural purposes and call for intensifying agricultural
production through sustainable routes.
Biostimulants Market: Overview
Biostimulant is any substance or
microorganism used in agriculture with the purpose of improving nutrition
efficiency, abiotic stress tolerance, and crop quality attributes, regardless
of its nutrients content. Plant biostimulants also designate commercial
products containing mixtures of such substances and/or microorganisms. These
are multifunctional ecofriendly formulations by restricting the use of chemical
fertilizer and playing important role in the improvement of fruit color,
quality, seed setting, enhancing soil fertility, enhancing nutrient
assimilation, and translocation. Microbial biostimulants like various species
of PGPRs (Azotobacter, Azospirillum, and Rhizobium spp.) and fungal
biostimulants like Trichoderma spp. and various endophytic fungi including mycorrhizal
fungi have been considered as promising means not only to secure crop
productivity under nutrient challenged conditions but also to avoid other
The current trend of intensifying
agricultural food production is the plentiful use of chemical fertilizers,
agrochemicals, use of improved hybrids, seed varieties, resistant cultivars, or
other technological innovations, such as improved irrigation methods, all of
which have supported the increased food production to some extent.
need for sustainable agriculture
With rapidly changing climatic scenario,
modern agriculture faces several challenges, including drought, soil salinity, depletion
of mineral nutrients, temperature stress, and evolutionary pressure of pest and
pathogens have affected the global productivity at the economic level. To
enhance the agricultural production in a sustainable manner through the use of
efficient agroecosystem, biostimulants can play a major role to for increase
the productivity as well quality of agriculture products.
Global Biostimulants Market: Active Ingredient
on Active Ingredient, the global Biostimulants market segmented into Acid
Based, Seaweed Extracts, Microbial and Others. Acid-based biostimulants made
the largest active ingredient segment in previous years. Products based on
humic, fulvic, and amino acids are included in the acid-based segment. Amino
acids are among major originators of phytohormones and help in activating the
metabolic systems of plants and seed germination. They stimulate fruit setting,
pollination, flowering, and fruit development in the plant. Humic substances
are naturally occurring end-products emerging from the decomposition of
microorganisms such as bacteria, fungi, and chemical degradation of animal and
plant residues in soils.
Global Biostimulants Market: Application
on Application, the global Biostimulants market segmented into Foliar Treatment,
Seed Treatment and Soil Treatment. Foliar treatment is expected the dominate
the market during the forecast period whereas seed treatment is anticipated to
show the highest revenue-based CAGR over the projected period. Seed treatment
is among the most cost-effective treatments as compared to conventional
spraying techniques. The treatment is highly efficient and does not much labor
as compared to other treatments. This helps in reducing overall input costs.
Global Biostimulants Market: Regional Insights
Based on region, the global Biostimulants market segmented
into North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa. Supportive regulations, along with the adoption of modern agricultural
technology such as precision farming and plant biotechnology, and organic-based
active ingredients, were the primary reason for the market growth.
Asia-Pacific region is
expected to grow at a high CAGR during the forecast period due the agriculture
driven economy of India, China and other Asian countries. As China and India
have the largest populations in the world, the food supply demand is also
major players in the global Biostimulants are BASF SE, Isagro Group, Sapec
Group, Biolchim S.P.A, Platform Specialty Products Corporation, Valagro Group,
Koppert B.V., Italpollina SAP, Novozymes A/S, and Biostadt India Limited and
other prominent players.
Ø December, 2019: Green
Plains Inc. and Novozymes announced an exclusive partnership and
commercialization agreement for biological solutions in the production of high
protein ingredients. The partnership will be aimed at aquaculture, pet food, as
well as novel ingredients to be used in the global protein markets.
Ø December, 2019: Valagro,
a leading company in the production and marketing of biostimulants and other
specialty nutrients for crops, presents the new MC Extra in a microgranular
formulation. MC Extra is a biostimulant based on extracts from the Ascophyllum
nodosum seaweed, which can support balanced plant growth in order to maximize
the quantity and quality of crops.
By Crop Type
Crops & Cereals
Ø North America
Ø Asia Pacific
Ø Latin America
Ø Middle East &
The objective of the Study:
Ø To analyze and forecast the global Biostimulants
Market size of the market in terms of value.
Ø To examine the careful market segmentation and
forecast the market size, in terms of value, based on the region by segmenting.
Ø The Global Biostimulants Market segmented into five
regions, namely, North America, Europe, Asia Pacific, Latin America, Middle
East & Africa and their leading countries.
Ø To outline, categorized, and forecast the global Biostimulants
Market based on the active ingredients, crop type and application.
Ø To examine competitive developments like
technological advancement, services, and regulative framework within the global
Ø To highlight the impact analysis of the factors
affecting the market dynamics such as drivers, restraints, opportunities, and
Ø To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.