Biostimulants Market - Growth, Trends, Covid-19 Impact, And Forecast (2023 - 2029)

Market Overview:

Global Biostimulants Market was valued at USD 3.15 Billion in 2021 and is projected to reach USD 6.75 billion by 2028, growing at a CAGR of 11.50% from 2022 to 2028.

Biostimulants are any substance or microorganism applied to plants with the aim to enhance nutrition efficiency, in addition to nourishment agrarian products. From the germination of the seed to the maturity of the plant, biostimulants help to enhance plant growth and crop life cycle. These products are resistant to water. The biostimulants help in improving the microflora, which, in turn, improves the efficiency of nutrient uptake by the plant. Additionally, they rise antioxidant activity and reduce plant stress against the environment and different diseases.

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Market Dynamics:

Driver:

The main factor driving the growth of the market is the organic food industry, which is growing at a healthy rate. Rising awareness among farmers, and an increase in demand for biostimulants in the agriculture sector especially in developing regions like Asia-Pacific, regarding the benefits of biostimulants, is another factor that boosts the market growth. Moreover, the increased adoption of sustainable farming methods is excepted to drive market growth. The increasing global population as well as the rising demand for safe products and environmentally friendly drives the biostimulants market growth in the upcoming years.

Opportunities:

The agricultural sector in the Asia Pacific region is driving growth and the population is mainly dependent on the farming sector, creating growth opportunities for the product. Moreover, the intensifying focus of Asian governments on food security and sustainability in food production provides growth opportunities in the Asia Pacific region. The key players are focusing on different lucrative product areas like specialty fertilizers and organic fertilizers segments coupled with increased investment in research and development activities and are also considering opportunities for growth during the forecast period.

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The Report Will Include A Major Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Active Ingredients, amino acid is expected to account for the largest market share in the forecasted period. The amino acids are major originators of phytohormones and it helps in the inactivation of the metabolic reactions of plants and seed germination. Amino acids help to plant in fruit setting, flowering, pollination, and fruit development. In addition, in terms of volume, the dosage rate plays a key role in the usefulness of the Biostimulants. Fulvic acid and humic acids are the amino acids that are instigators of plant hormones. These amino acids help in the stimulation of metabolic processes and improve seed germination. Thus, it propels the growth of the market over the forecast period.

By Source, the microbial segment is expected to largest market share in the forecast period. Algae, fungi, yeasts, and bacteria are the microbial Biostimulants that improve the growth of the plant, provide nutrition and remove the stress on the plant. In many soils, nutrients are present in huge amounts but plants can't utilize them, so microbial Biostimulants help with nitrogen fixation, phosphorus solubilization, potassium mobilization, and improving the soil health by increasing micronutrient availability to plants, the result is improving the crop quality. These factors help to increase the growth of the market.

By Crop Type, cereals and grains and oilseed and pulses are segments that dominate the market in the projected time. The rising cultivation of crops across the world, and increasing demand for organic cereals such as oats, and millets, support the growth of the market.

By Active Ingredients:

•Humic Substances
•Vitamins
•Amino Acids
•Seaweed Extract
•Microbial Soil Amendments
•Others

By Source:

•Microbial
•Non-Microbial

By Crop Type:

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

By Application:

•Foliar Spray
•Soil Treatment
•Seed Treatment

By Form:

•Dry
•Liquid

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Regional Analysis Of Biostimulants Market

Asia Pacific region is expected largest market share for the Biostimulants market in the projected period. Rising the cultivation of land, plant biotechnology, precision farming, and organic-based active ingredients in Asian countries such as India, and China which boosts the market of Biostimulants in this region. In addition to this, increasing the use of quality agriculture products by Asian countries, and growing sustainable agriculture practices, the government of the Asia Pacific region focuses on food security and sustainability in food production, which also helps to increase the market in the projected time. The agricultural industries in the Asia Pacific involve in the rising production of organic-based products, technological advancement, and growing awareness in the framers for use of Biostimulants, support the growth of the market.

By Region:

•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Biostimulants Market

•BASF SE (Germany)
•Syngenta (Switzerland)
•UPL (India)
•Bayer CropScience's (Germany)
•Valagro (Italy)
•Italpollina SAP
•Platform Product Specialty Corporation (US)
•Sapec Group (Belgium)
•Biostadt India Ltd. (India)
•Koppert B.V. (Netherlands)
•Novozymes A/S. (Denmark)
•Lallemand (Canada)
•AlgaEnergy (Spain) and other major players.

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Key Industry Development In Biostimulants Market

In 2021 June, UPL Australia launched a new range of Biostimulants products based on GoActiv Technology. It helps to show specific crop physiological or abiotic stresses in fruits, vegetables, vines, and tree crops. GoActiv Technology is based on a 100% pure extract from the Ascophyllum nodosum seaweed species.

In March 2020, the major players in the global Biostimulantss industry are Syngenta and SICIT announced that to offer HICURE and ISABION Biostimulantss they have signed an agreement for the next 15 years.

Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Active Ingredients
 3.2 By Source
 3.3 By Crop Type
 3.4 By Application
 3.5 By Form

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: BIOSTIMULANTS Market by Active Ingredients
 5.1 BIOSTIMULANTS Market Overview Snapshot and Growth Engine
 5.2 BIOSTIMULANTS Market Overview
 5.3 Humic Substances
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Humic Substances: Grographic Segmentation
 5.4 Vitamins
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Vitamins: Grographic Segmentation
 5.5 Amino Acids
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Amino Acids: Grographic Segmentation
 5.6 Seaweed Extract
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Seaweed Extract: Grographic Segmentation
 5.7 Microbial Soil Amendments
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Microbial Soil Amendments: Grographic Segmentation
 5.8 Others
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size (2016-2028F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Others: Grographic Segmentation

Chapter 6: BIOSTIMULANTS Market by Source

Continued…

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