Biostimulants Market: Global Industry Outlook, Size (US$ 4.55 Billion), Share, Growth (CAGR of 11.48%), Top Companies Analysis and Research Report 2022-2027

According to IMARC Group's latest report, titled "Biostimulants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global biostimulants market size reached US$ 2.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.55 Billion by 2027, exhibiting a growth rate (CAGR) of 11.48% during 2022-2027.

Biostimulants Market Trends:

The expanding agriculture sector and the widespread adoption of sustainable farming methods are primarily augmenting the biostimulants market. Furthermore, increasing usage of these substances in chlorophyll production is positively influencing the global market. Apart from this, the rising consumer awareness towards agricultural sustainability, soil health, and environmental safety is acting as another significant growth-inducing factor. Moreover, the launch of various favorable initiatives by government bodies to educate farmers regarding the benefits of superior agro-products is bolstering the market growth. Besides this, the growing utilization of biostimulants as an effective substitute to chemically synthesized fertilizers that cause environmental hazards and soil contamination is further catalyzing the global market. Additionally, extensive R&D activities by leading manufacturers to develop advanced biostimulants to enhance crop yield and continuous advancements in agricultural science are also propelling the market growth. In line with this, the inflating need for organic farming practices is expected to fuel the biostimulants market in the coming years.

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Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

Competitive Landscape With Key Players:

The competitive landscape of the biostimulants market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Agrinos AS
• Adama LTD.
• BASF SE
• Bayer
• Biolchim SpA.
• Biostadt India Ltd.
• Isagro
• Italpollina SpA
• Koppert B.V.
• Novozymes
• Syngenta
• Valagro SpA

Industry Definition and Application:

Biostimulants refer to natural and microbe-based agricultural chemicals containing microorganisms, active ingredients, trace elements, plant hormones, enzymes, seaweed extracts, etc., that are applied to plants and soil to stimulate their natural growth. They produce nutrients to enhance efficiency, tolerance to abiotic stress, yield, crop quality in plants, etc. Biostimulants are manufactured from humic acid, hormones, algae extract, and plant growth-promoting bacteria, to improve the development of plants when subjected to stress and saline environment. They complement mineral fertilizers by enhancing their effect via the availability, assimilation, translocation, and use of plant nutrients.

Key Market Segmentation:

The report has segmented the global biostimulants market based on product type, crop type, form, origin, distribution channel, application, end user and region.

Breakup by Product Type:

• Acid-based:
o Humic Acid
o Fulvic Acid
o Amino Acid

• Extract-based:
o Seaweed Extract
o Other Plant Extracts

• Others:
o Microbial Soil Amendments
o Chitin & Chitosan
o Others

Breakup by Crop Type:

• Cereals and Grains
• Fruits and Vegetables
• Turf and Ornamentals
• Oilseeds and Pulses
• Others

Breakup by Form:

• Dry
• Liquid

Breakup by Origin:

• Natural
• Synthetic

Breakup by Distribution Channel:

• Direct
• Indirect

Breakup by Application:

• Foliar Treatment
• Soil Treatment
• Seed Treatment

Breakup by End-User:

• Farmers
• Research Organizations
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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