Biostimulants Market Size, Growth, Opportunities 2024-2032 | Bayer AG (Germany), Syngenta AG (Switzerland), UPL Limited (India)

The global biostimulants market size was valued at USD 3.64 billion in 2023. The market is projected to grow from USD 4.03 billion in 2024 to USD 9.75 billion by 2032, exhibiting a CAGR of 11.69% during the forecast period.

Biostimulants are substances or microorganisms applied to plants that help enhance nutrition efficiency, crop quality, and abiotic stress tolerance. The rising adoption of organic farming, the shift toward sustainability, and increasing climatic and environmental concerns are boosting the market growth.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/sample/biostimulants-market-100414

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐞𝐬𝐞𝐧𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
• Bayer AG (Germany)
• Syngenta AG (Switzerland)
• UPL Limited (India)
• Gowan Group (U.S.)
• BASF SE (Germany)
• Marrone Bio Innovations (U.S.)
• SEIPASA S.A. (Spain)
• P.I. Industries (India)
• Novozymes A/S (Denmark)
• Koppert Biological Systems (Netherlands)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
𝐈𝐦𝐩𝐫𝐨𝐯𝐢𝐧𝐠 𝐁𝐢𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐏𝐡𝐲𝐬𝐢𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐓𝐫𝐚𝐢𝐭𝐬 𝐨𝐟 𝐂𝐫𝐨𝐩𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐍𝐨𝐧-𝐌𝐢𝐜𝐫𝐨𝐛𝐢𝐚𝐥 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
By source, the market is classified into microbial and non-microbial. The non-microbial segment leads the market and is expected to grow significantly during the forecast period. The segment's growth is attributed to the improving biochemical and physiological traits of crops.

𝐑𝐢𝐬𝐢𝐧𝐠 𝐒𝐞𝐚𝐰𝐞𝐞𝐝 𝐂𝐮𝐥𝐭𝐢𝐯𝐚𝐭𝐢𝐨𝐧 𝐆𝐥𝐨𝐛𝐚𝐥𝐥𝐲 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐒𝐞𝐚𝐰𝐞𝐞𝐝 𝐄𝐱𝐭𝐫𝐚𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
Based on active ingredient, the market is divided into seaweed extracts, humic substances, vitamins & amino acids, microbial amendments, and others. The seaweed extracts segment is dominating the market due owing to the growth in the cultivation of seaweed.

𝐇𝐢𝐠𝐡 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐧𝐞𝐬𝐬 𝐨𝐟 𝐅𝐨𝐥𝐢𝐚𝐫 𝐒𝐩𝐫𝐚𝐲 𝐭𝐨 𝐈𝐦𝐩𝐫𝐨𝐯𝐞 𝐏𝐥𝐚𝐧𝐭 𝐇𝐞𝐚𝐥𝐭𝐡 𝐀𝐮𝐠𝐦𝐞𝐧𝐭 𝐅𝐨𝐥𝐢𝐚𝐫 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧
By application, the market is classified into foliar application, soil treatment, and seed treatment. The foliar application segment held the largest part in the biostimulants market share due to its high effectiveness of foliar spray in improving plant health.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐆𝐫𝐞𝐞𝐧𝐡𝐨𝐮𝐬𝐞 𝐕𝐞𝐠𝐞𝐭𝐚𝐛𝐥𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐑𝐨𝐰 𝐂𝐫𝐨𝐩𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
Based on crop, the market is categorized into row crops, fruits and vegetables, turf & ornamentals, and others. The row crops segment is projected to dominate the market during the forecast period owing to increasing adoption of greenhouse vegetable production and rising demand for high-value crops.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/biostimulants-market-100414

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞
𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐟𝐟𝐞𝐫𝐬:
• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• The latest industry developments include product launches, partnerships, mergers, and acquisitions.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐑𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥-𝐁𝐚𝐬𝐞𝐝 𝐅𝐞𝐫𝐭𝐢𝐥𝐢𝐳𝐞𝐫𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The increasing awareness regarding the negative impact of synthetic plant protection products and chemical-based fertilizers boosts the biostimulants market growth. Farmers are increasingly seeking natural and eco-friendly options to produce crops, which is boosting the adoption of biostimulants as they are eco-friendly in nature and more specific to the growth of target crops and plant pests, boosting market growth.

However, the lack of regulations related to the commercialization of biostimulants may hinder the market growth.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐅𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐌𝐚𝐧𝐲 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐀𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞
Europe accounted for USD 1.43 billion and held the largest biostimulants market share in 2023. The growth is attributed to the formation of many government organizations, such as ACI's Biostimulants Associations and the European Biostimulants Industry Council which is driving the market expansion in the region.

Asia Pacific is expected to experience significant growth during the forecast period. The growth is attributed to the increasing adoption of quality agriculture products by Asian manufacturers to boost the market growth in the region.
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/sample/biostimulants-market-100414

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐍𝐞𝐰 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐭𝐨 𝐀𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧
The market is highly competitive based on the presence of key market players. The growing focus of these key players on innovation and new product launches in the market to meet the demand of farmers to raise crop resilience and nutrient use efficiency, further aiding market expansion.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟑 - Rovensa Group, one of the leaders in agricultural inputs, acquired Agro-K, a leading family-owned biostimulus producer in the U.S. The acquisition will strengthen the biostimulant portfolio of Rovensa in the U.S. and offer a high-quality portfolio of complementary solutions.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐍𝐞𝐰𝐬:
Biofertilizers Market: https://www.fortunebusinessinsights.com/industry-reports/biofertilizers-market-100413
Agricultural Microbials Market: https://www.fortunebusinessinsights.com/industry-reports/agricultural-microbial-market-100412
Biopesticides Market: https://www.fortunebusinessinsights.com/industry-reports/biopesticides-market-100073

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This release was published on openPR.