South America Biostimulants Market is growing with the CAGR of 13.8% in the forecast period of 2022 to 2029

The South America Biostimulants Market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 13.8% in the forecast period of 2022 to 2029 and expected to reach 1,447.76 million by 2029.

Biostimulants are developed to help farmers in order to meet increased agricultural demand on a sustainable basis. Biostimulants boost crop yield and its value, which positively affects the farm productivity. Agricultural biostimulant is comprised of multiple amalgamations of chemicals, substances, and micro-organisms that are added to the plants or soils to boost crop vigor, production, sensitivity to abiotic pressure, and quality.

The major factors driving the growth of the biostimulants market are increasing adoption of organic products in agriculture, rising need for increasing agricultural production to meet the surge in population pressure and unstable yields in agriculture due to climate changes. Increasing agricultural production in South America is creating opportunities for the growth of the market. Biostimulant quality contamination issues during manufacturing and transportation is acting as the major restraint for biostimulants market.

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This biostimulants market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

South America Biostimulants Market Scope and Market Size

• On the basis of active ingredients, the South America biostimulants market is segmented into acid based, extract based, microbial amendments, protein hydrolysates, B-vitamins, chitin, chitosan, and others. In 2022, Acid based segment is expected to dominate the market as it has important components, such as humic acid, fulvic acid, and it increases productivity and growth of the plant. Along with these, it enhances fertility of soil and shows less harmful effect on ecosystem. Humic acid helps plants by maintaining nutrient availability, gas exchange between soil and atmosphere and it also improves fertility of soil.
• On the basis of crop type, South America biostimulants market is segmented into fruits & vegetables, cereals & grains, turf & ornamentals, oilseeds & pulses, and other crops. In 2022, Fruits and vegetables segment is expected to dominate the market due to its high production globally. Farmers are producing more fruits and vegetables to fulfil the growing demand of consumers. It has been observed that high fruits and vegetables production will need more biostimulants with high growth and productivity so this sector is dominating the market.
• On the basis of form, South America biostimulants market is segmented into liquid and dry. Liquid is sub-segmented into suspension concentrate, soluble liquid concentrate, and emulsifiable concentrate. In 2022, Liquid segment is expected to dominate the market because it is easily absorbed by the leaves as well as in soil to provide a good root system, better stems and foliar development to make the crop more capable to abiotic stress. Due to multiple benefits from the liquid biostimulants, it has been observed that products in liquid forms are highly preferred.

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South America Biostimulants Market Country Level Analysis
South America biostimulants market is analysed and market size information is provided by country, active ingredients, crop type, application method, form, origin, end user and distribution channel.

The countries covered in South America biostimulants market report are Brazil, Argentina, Colombia, Peru, Chile, Ecuador, Uruguay, Paraguay and Rest of South America.
Brazil accounted for maximum share in the biostimulants market due to presence of large number of local players in the region. Argentina accounts for second largest market due to increasing growth in farming technologies in the region. Colombia has witnessed high growth in biostimulants due to large number of farmers in the region.

Competitive Landscape and Biostimulants Market Share Analysis
Some of the major players operating in the South America biostimulants market are UPL, Lallemand Inc., Agrinos, Koppert Biological Systems, Syngenta, SICIT Group S.p.A, Isagro S.p.A., ILSA S.p.A., OMEX, Trade Corporation International, Bayer AG, Marrone Bio Innovations, Inc., SEIPASA, S.A., Innovak Global, SA de CV, Stoller Group, Yara, BASF SE, Novozymes, Atlantica Agricola, Italpollina Spa, SummitAgro, and others.

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For instance,
• In July 2020, Syngenta announced collaboration with IICA (Inter-American Institute for Cooperation on Agriculture). Accordingly, the collaboration was able to implement actions aimed at increasing farmers' productivity in a sustainable manner and protecting food security in Latin America and the Caribbean. This enabled the company to implement scientific developments in crop protection and seed improvement in rural areas of Latin America and the Caribbean together with IICA.
• In March 2020, SICIT Group S.p.A. and Syngenta announced collaboration to promote sustainable agriculture by signing of a supply contract for ISABION and HICURE biostimulants. The agreement also emphasized on the development of collagen-based biostimulants in the near future. This enabled the company to increase access for farmers to innovative solutions for sustainable farming.

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