Blueweave
Global Biostimulants Market

Biostimulants Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Active Ingredient (Humic Substances, Seaweed Extracts, Microbial Amendments, Amino Acids, Others), By Form (Liquid, Dry), By Crop Type (Fruits & Vegetables, Cereals & Grains, Turf & Ornamentals, Oilseeds & Pulses, Other Crops), By Application Method (Foliar, Soil Treatment, Seed Treatment), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: April 2022
  • Report ID: BWC22117
  • Available Format: PDF
  • Page: 197

Report Overview

The global biostimulants market is growing at a high rate owing to the rising global population and increasing burden of food supply around the world along with the scarcity of resources and their exploitation for agricultural production...

Global Biostimulants Market- Industry Trends & Forecast Report 2028

The global biostimulants market was worth USD 3.3 billion in 2021 and is further projected to reach USD 7.2 billion by the year 2028, growing at the CAGR of 12.20% in the forecast period. The growth of the global biostimulants market is attributed to the rising global population and increasing burden of food supply around the world. Furthermore, the scarcity of resources and their exploitation for agricultural production is also boosting the need for the use of biostimulants, driving its overall market growth.

Global Biostimulants Market

Biostimulants - Overview

Biostimulants are any substance or microorganism  given to plants with the aim to boost nutritional value and performance, abiotic pressure tolerance, and/or crop quality traits, irrespective of its nutrient content. These stimulants are biological in nature that are applied to boost plant productivity. Several processes are involved in the production of biostimulants such as cultivation, extraction, fermentation, processing and purification, hydrolysis, and high-pressure cell rupture treatment.

Global Biostimulants Market Forecast and Trends

Growth Drivers

Increasing Focus on Sustainable Agricultural Practices

The practice of using agrochemicals in farming practices has been negatively impacting the environment. Therefore, the use of biological products is being promoted to eliminate the use of chemicals. Hence, sustainable agricultural practices are being promoted, which involves the use of biostimulants. Furthermore, with rising health consciousness among consumers, the demand for organic food is also surging, which is anticipated to propel the demand for biostimulants in the forecast period, driving the overall market growth.

Extensive Research and Development Activities

With expanding scope and demand for biostimulants, the research activities surrounding these components are also increasing, which in turn are propelling significant investments from both private and public players. For instance, recent research in Croatia started focusing on the effects of biostimulants on horticultural plant species. Several other types of research are also undergoing to assess the influence of biostimulants on plant production. These researches are anticipated to boost the scope of biostimulants in the forecast period, driving the overall market growth.

Restraints

High Penetration of Low-Quality and Fake Biostimulants

One of the major restraining factors in the growth of the global biostimulants market is the penetration of low-quality and fake biostimulants in the market. These fake biostimulants harm the crop as well as incur huge losses to the farmers since biostimulants are expensive compared to chemicals. Furthermore, the lack of stringent government laws against the sellers of these fake products in several countries is also limiting the growth of the biostimulants market.

Impact of COVID-19 on Global Biostimulants Market

The unprecedented COVID-19 pandemic outbreak presented lucrative growth opportunities for the global biostimulants market. The demand for organic food produced from natural resources increased and eliminated the use of any kind of chemicals during the lockdown period. Furthermore, the discussion towards sustainability and the impact of human activities on the environment also spiked, due to which the use of biological resources surged in agricultural activities, which is anticipated to drive the overall global biostimulants market during the forecast period.

Global Biostimulants Market - By Active Ingredient

Based on active ingredients, the global biostimulants market is segmented into humic substances, seaweed extracts, microbial amendments, amino acids, and others. The amino acid biostimulants segment holds the largest share in the global biostimulants market. This kind of active ingredient enhances the growth of the leaves, flowers, and fruits. Amino acids help plants' carry photosynthesis, without which the plants will not be able to grow.

Global Biostimulants Market - By Form

Based on form, the global biostimulants market is categorized into liquid and dry. The liquid biostimulants segment accounts for the largest market share. This is because the liquid is considered convenient during application as well as transportation. Furthermore, the liquid form is also easily absorbed by plants through roots, which increases nutrient uptake and thus, boosts cellular activity.

Global Biostimulants Market - Regional Insights

Geographically, the global biostimulants market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Europe dominates the global biostimulants market owing to the government support in promoting the use of biological and sustainable agricultural products and practices. The North American region also covers substantial market share owing to the rising focus on boosting agricultural production with the increasing demand for food for consumption and the industrial sector.

Competitive Landscape

The leading market players of the global biostimulants market are UPL Limited, Tradecorp International, Isagro SpA, Omex Agrifluids Ltd, Agrinos AS, Micromix Plant Health Ltd, Agrinos AS, Koppert Biological Systems, Ilsa SpA, Italpollina SpA, Biostadt India Ltd, Atlantica Agricola SA, Valagro SpA, Lallemand Inc., Eastman Chemical Company, Lallemand Inc., BASF SE, Biovert S.L, Gowan Group, Rallis India Limited, Haifa Group, and other prominent players.

The global biostimulants market is highly fragmented with the presence of several global and regional industry participants. Many startups are also emerging and giving stiff competition to established players. The companies constantly offer innovative solutions and offerings to gain a competitive edge. They also adopt market strategies such as partnerships, mergers, acquisitions, collaborations, joint ventures, etc.

Recent Development

  • In February 2022, Zentai AG, a private holding and investment company, announced to have entered as an early investor and for the material stake into Salveo Agro, new technology-based crop protection and biotechnology company.
  • In February 2022, Valent Bioscience LLC announced the establishment of a new operating unit designed to expand its biostimulant line.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Active Ingredient, By Form, By Crop Type, By Application Method, By Region
Key Players UPL Limited, Tradecorp International, Isagro SpA, Omex Agrifluids Ltd, Agrinos AS, Micromix Plant Health Ltd, Agrinos AS, Koppert Biological Systems, Ilsa SpA, Italpollina SpA, Biostadt India Ltd, Atlantica Agricola SA, Valagro SpA, Lallemand Inc., Eastman Chemical Company, Lallemand Inc., BASF SE, Biovert S.L, Gowan Group, Rallis India Limited, Haifa Group, and other prominent players.

By Active Ingredient

  • Humic Substances
  • Seaweed Extracts
  • Microbial Amendments
  • Amino Acids
  • Others

By Form

  • Liquid
  • Dry

By Crop Type

  • Fruits & Vegetables
  • Cereals & Grains
  • Turf & Ornamentals
  • Oilseeds & Pulses
  • Other Crops

By Application Method

  • Foliar
  • Soil Treatment
  • Seed Treatment

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary and Secondary Sources
    2. Quantitative Research
      1. Primary and Secondary Sources
    3. Breakdown of Primary Research Respondents
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Industry Participants
    5. Key Questionnaire asked during Primary Interviews
    6. Key Primary Responses
    7. Market-Size Estimation
    8. Assumption for the Study
    9. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Global Biostimulants Market – Industry Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunity
      4. Challenges
    3. Recent Developments / Technical Landscape
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
  5. Global Biostimulants Market Overview
    1. Market Estimates & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Source Type
        1. Natural
        2. Synthetic
      2. By Active Ingredient
        1. Humic Acid
        2. Fulvic Acid
        3. Amino Acid
        4. Seaweed Extract
        5. Others
      3. By Application
        1. Soil
        2. Foliar
        3. Seed
      4. By Production Type
        1. Grains and Cereals
        2. Pulses and Oilseeds
        3. Commercial Crops
        4. Fruits and Vegetables
        5. Other Crop Types
      5. By End-Users
        1. Farmers
        2. Research Organizations
        3. Others
      6. By Region
        1. North America
        2. Europe
        3. The Asia-Pacific
        4. Latin America
        5. The Middle-East & Africa
  6. North America Biostimulants Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2018-2028
    2. Market Share and Forecast
      1. By Source Type
      2. By Active Ingredient
      3. By Application
      4. By Production Type
      5. By End-Users
      6. By Country
        1. U.S.
        2. Canada
  7. Europe Biostimulants Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2018-2028
    2. Market Share and Forecast
      1. By Source Type
      2. By Active Ingredient
      3. By Application
      4. By Production Type
      5. By End-Users
      6. By Country
        1. Germany
        2. U.K.
        3. Russia
        4. France
        5. Italy
        6. Spain
        7. Rest of Europe
  8. Asia-Pacific Biostimulants Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2018-2028
    2. Market Share and Forecast
      1. By Source Type
      2. By Active Ingredient
      3. By Application
      4. By Production Type
      5. By End-Users
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. Latin America Biostimulants Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2018-2028
    2. Market Share and Forecast
      1. By Source Type
      2. By Active Ingredient
      3. By Application
      4. By Production Type
      5. By End-Users
      6. By Country
        1. Mexico
        2. Brazil
        3. Rest of Latin America
  10. Middle East & Africa Biostimulants Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2018-2028
    2. Market Share and Forecast
      1. By Source Type
      2. By Active Ingredient
      3. By Application
      4. By Production Type
      5. By End-Users
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Producers and Their Offerings
    2. Market Share / Ranking Analysis (2021)
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Developments & Growth Strategies
  12. Impact of COVID-19 Across Industry
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. BASF SE
    2. UPL Ltd.
    3. Valagro S.p.A
    4. Gowan Group
    5. FMC Corporation
    6. ILSA S.p.A
    7. Rallis India Limited
    8. Haifa Group
    9. Isagro SpA
    10. Lallemand Inc.
    11. Atlantica Agricola SA
    12. Koppert Biological Systems
    13. Other prominent players
  14.  Key Strategic Recommendations

 

* Financial information of non-listed Companies will be provided as per availability

 

**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.

 

List of Figures

 

Figure 1: Global Biostimulants Market Segmentation

Figure 2: Global Biostimulants Market Porter’s Analysis

Figure 3: Global Biostimulants Market Industry Value Chain Analysis

Figure 4: Global Biostimulants Market Size, By Value (USD Million), 2018-2028

Figure 5: Global Biostimulants Market Share, By Source Type, By Value, 2018-2028

Figure 6: Global Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Figure 7: Global Biostimulants Market Share, By Application, By Value, 2018-2028

Figure 8: Global Biostimulants Market Share, By Production Type, By Value, 2018-2028

Figure 9: Global Biostimulants Market Share, By End-Users, By Value, 2018-2028

Figure 10: Global Biostimulants Market Share, By Region, By Value, 2018-2028

Figure 11: North America Biostimulants Market Size, By Value (USD Million), 2018-2028

Figure 12: North America Biostimulants Market Share, By Source Type, By Value, 2018-2028

Figure 13: North America Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Figure 14: North America Biostimulants Market Share, By Application, By Value, 2018-2028

Figure 15: North America Biostimulants Market Share, By Production Type, By Value, 2018-2028

Figure 16: North America Biostimulants Market Share, By End-Users, By Value, 2018-2028

Figure 17: North America Biostimulants Market Share, By Country, By Value, 2018-2028

Figure 18: Europe Biostimulants Market Size, By Value (USD Million), 2018-2028

Figure 19: Europe Biostimulants Market Share, By Source Type, By Value, 2018-2028

Figure 20: Europe Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Figure 21: Europe Biostimulants Market Share, By Application, By Value, 2018-2028

Figure 22: Europe Biostimulants Market Share, By Production Type, By Value, 2018-2028

Figure 23: Europe Biostimulants Market Share, By End-Users, By Value, 2018-2028

Figure 24: Europe Biostimulants Market Share, By Country, By Value, 2018-2028

Figure 25: Asia-Pacific Biostimulants Market Size, By Value (USD Million), 2018-2028

Figure 26: Asia-Pacific Biostimulants Market Share, By Source Type, By Value, 2018-2028

Figure 27: Asia-Pacific Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Figure 28: Asia-Pacific Biostimulants Market Share, By Application, By Value, 2018-2028

Figure 29: Asia-Pacific Biostimulants Market Share, By Production Type, By Value, 2018-2028

Figure 30: Asia-Pacific Biostimulants Market Share, By End-Users, By Value, 2018-2028

Figure 31: Asia-Pacific Biostimulants Market Share, By Country, By Value, 2018-2028

Figure 32: Latin America Biostimulants Market Size, By Value (USD Million), 2018-2028

Figure 33: Latin America Biostimulants Market Share, By Source Type, By Value, 2018-2028

Figure 34: Latin America Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Figure 35: Latin America Biostimulants Market Share, By Application, By Value, 2018-2028

Figure 36: Latin America Biostimulants Market Share, By Production Type, By Value, 2018-2028

Figure 37: Latin America Biostimulants Market Share, By End-Users, By Value, 2018-2028

Figure 38: Latin America Biostimulants Market Share, By Country, By Value, 2018-2028

Figure 39: Middle East & Africa Biostimulants Market Size, By Value (USD Million), 2018-2028

Figure 40: Middle East & Africa Biostimulants Market Share, By Source Type, By Value, 2018-2028

Figure 41: Middle East & Africa Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Figure 42: Middle East & Africa Biostimulants Market Share, By Application, By Value, 2018-2028

Figure 43: Middle East & Africa Biostimulants Market Share, By Production Type, By Value, 2018-2028

Figure 44: Middle East & Africa Biostimulants Market Share, By End-Users, By Value, 2018-2028

Figure 45: Middle East & Africa Biostimulants Market Share, By Country, By Value, 2018-2028

Figure 46: Global Biostimulants Market Company Market Share Analysis, 2021

 

List of Tables

 

Table 1: Global Biostimulants Market Share, By Source Type, By Value, 2018-2028

Table 2: Global Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Table 3: Global Biostimulants Market Share, By Application, By Value, 2018-2028

Table 4: Global Biostimulants Market Share, By Production Type, By Value, 2018-2028

Table 5: Global Biostimulants Market Share, By End-Users, By Value, 2018-2028

Table 6: Global Biostimulants Market Share, By Region, By Value, 2018-2028

Table 7: North America Biostimulants Market Share, By Source Type, By Value, 2018-2028

Table 8: North America Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Table 9: North America Biostimulants Market Share, By Application, By Value, 2018-2028

Table 10: North America Biostimulants Market Share, By Production Type, By Value, 2018-2028

Table 11: North America Biostimulants Market Share, By End-Users, By Value, 2018-2028

Table 12: North America Biostimulants Market Share, By Country, By Value, 2018-2028

Table 13: Europe Biostimulants Market Share, By Source Type, By Value, 2018-2028

Table 14: Europe Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Table 15: Europe Biostimulants Market Share, By Application, By Value, 2018-2028

Table 16: Europe Biostimulants Market Share, By Production Type, By Value, 2018-2028

Table 17: Europe Biostimulants Market Share, By End-Users, By Value, 2018-2028

Table 18: Europe Biostimulants Market Share, By Country, By Value, 2018-2028

Table 19: Asia-Pacific Biostimulants Market Share, By Source Type, By Value, 2018-2028

Table 20: Asia-Pacific Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Table 21: Asia-Pacific Biostimulants Market Share, By Application, By Value, 2018-2028

Table 22: Asia-Pacific Biostimulants Market Share, By Production Type, By Value, 2018-2028

Table 23: Asia-Pacific Biostimulants Market Share, By End-Users, By Value, 2018-2028

Table 24: Asia-Pacific Biostimulants Market Share, By Country, By Value, 2018-2028

Table 25: Latin America Biostimulants Market Share, By Source Type, By Value, 2018-2028

Table 26: Latin America Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Table 27: Latin America Biostimulants Market Share, By Application, By Value, 2018-2028

Table 28: Latin America Biostimulants Market Share, By Production Type, By Value, 2018-2028

Table 29: Latin America Biostimulants Market Share, By End-Users, By Value, 2018-2028

Table 30: Latin America Biostimulants Market Share, By Country, By Value, 2018-2028

Table 31: Middle East & Africa Biostimulants Market Share, By Source Type, By Value, 2018-2028

Table 32: Middle East & Africa Biostimulants Market Share, By Active Ingredient, By Value, 2018-2028

Table 33: Middle East & Africa Biostimulants Market Share, By Application, By Value, 2018-2028

Table 34: Middle East & Africa Biostimulants Market Share, By Production Type, By Value, 2018-2028

Table 35: Middle East & Africa Biostimulants Market Share, By End-Users, By Value, 2018-2028

Table 36: Middle East & Africa Biostimulants Market Share, By Country, By Value, 2018-2028

Table 37: BASF SE Financial Analysis

Table 38:  UPL Ltd. Financial Analysis

Table 39:  Valagro S.p.A Financial Analysis

Table 40:  Gowan Group Financial Analysis

Table 41:  FMC Corporation Financial Analysis

Table 42:  ILSA S.p.A Financial Analysis

Table 43:  Rallis India Limited Financial Analysis

Table 44:  Haifa Group Financial Analysis

Table 45: Isagro SpA Financial Analysis

Table 46: Lallemand Inc. Financial Analysis

Table 47: Atlantica Agricola SA Financial Analysis

Table 48: Koppert Biological Systems Financial Analysis

 

Market Segmentation

By Active Ingredient

  • Humic Substances
  • Seaweed Extracts
  • Microbial Amendments
  • Amino Acids
  • Others

By Form

  • Liquid
  • Dry

By Crop Type

  • Fruits & Vegetables
  • Cereals & Grains
  • Turf & Ornamentals
  • Oilseeds & Pulses
  • Other Crops

By Application Method

  • Foliar
  • Soil Treatment
  • Seed Treatment

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe.