Biostimulants Market Analysis: Key Trends, Growth Drivers, and Forecast to 2029

Biostimulants Market by Active Ingredients (Humic Substances, Seaweed Extracts, Amino Acids, Microbial Amendments, Minerals & Vitamins), Crop Type, by Mode of Application (Foliar Treatment, Soil Treatment, Seed Treatment), Form, and Region - Global Forecast to 2029
The global biostimulants market [https://www.prnewswire.com/news-releases/biostimulants-market-worth-7-6-billion-by-2029--exclusive-report-by-marketsandmarkets-302128452.html] is projected to grow from USD 4.3 billion in 2024 to USD 7.6 billion by 2029, at a CAGR of 12.0% during the forecast period. Biostimulants are compounds that enhance plant growth, nutrient uptake, and stress tolerance, ultimately improving crop productivity and quality. As a result, farmers are increasingly adopting biostimulants to maximize yields and profitability. Many biostimulants, particularly those of natural origin, are compatible with organic farming practices, aligning with the growing consumer preference for sustainable agriculture.

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Biostimulants contribute to root development, nutrient absorption, and overall plant growth through diverse mechanisms. According to the Research Institute of Organic Agriculture (FiBL) and IFOAM-Organics International (2024), organic farming is now practiced in 188 countries, with over 96.4 million hectares of agricultural land managed organically by at least 4.5 million farmers.

The European Commission has set ambitious goals under its Farm to Fork Strategy and EU Biodiversity Plan (May 2020), which align with the broader European Green Deal-aiming to make Europe the first climate-neutral continent by 2050. A key target is to ensure that at least 25% of agricultural land in Europe is under organic farming by 2030. These sustainability-driven initiatives are expected to drive demand for biostimulants, including seaweed extracts, humic substances, minerals, and vitamins.

Biostimulants Market Opportunities [https://www.linkedin.com/pulse/biostimulants-market-size-growth-drivers-top-companies-edward-scott-y5mff/]: Integration of biostimulants with fertilizers for nutrient optimization

The integration of biostimulants with fertilizers presents a significant opportunity to optimize nutrient management in agriculture. Biostimulants not only promote plant growth and enhance stress tolerance but also work synergistically with fertilizers to improve nutrient uptake and efficiency.

FBSciences, a leading player in the U.S., is at the forefront of nutrient use efficiency with its advanced biostimulant technology, Transit. Their flagship solutions, Transit Soil and Transit Foliar, are designed to work within plants, ensuring rapid uptake, absorption, and translocation. This technology enhances nutrient use efficiency (NUE) for both applied fertilizers and naturally occurring soil nutrients.

A major development in 2023 was ADM-USD's launch of NeoVita 43, a groundbreaking agricultural biostimulant aimed at increasing nutrient utilization efficiency in corn farming. In multi-year trials conducted at the University of Illinois at Urbana-Champaign, NeoVita 43, when combined with liquid starter fertilizer, significantly boosted corn yields-up to seven bushels per acre beyond the results of using starter fertilizer alone. This improvement is attributed to NeoVita 43's ability to enhance microbial activity in the rhizosphere (the soil surrounding plant roots), making more nutrients available for plant uptake.

Cereals & Grains Dominate the Crop Type Segment in the Global Biostimulants Market

Cereals and grains hold a significant share of the global biostimulants market, driven by their essential role in meeting the dietary needs of a growing population. As demand for these staple crops rises, improving yield becomes a priority. Biostimulants play a crucial role in enhancing cereal and grain production, helping to meet this increasing demand.

According to FAO reports, global cereal utilization for 2023/24 is expected to rise compared to previous years, with higher global stock forecasts for 2024. This ensures a steady supply to meet demand, further emphasizing the need for agricultural productivity enhancements. The rising demand for cereals underscores the importance of biostimulants in optimizing yields and supporting global food security.

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Foliar Application Leads in the Biostimulants Market

In 2023, foliar application emerged as the leading mode of application in the biostimulants market. When applied to foliage, biostimulants act directly on plant biochemical pathways, enhancing protein synthesis and enzyme activity. These effects contribute to improved root and shoot growth, ultimately boosting crop productivity.

Foliar-applied amino acids enhance photosynthetic efficiency and dry matter partitioning, leading to higher yields. Additionally, proteins and B vitamins help protect plants against fungal diseases. Several biostimulant products are widely used through foliar application.

* YaraVita Biotrac (by Yara, Norway): A liquid formulation designed to enhance plant performance and mitigate abiotic stressors such as cold and drought. It leverages bioactive compounds and nutrients derived from Ascophyllum nodosum algae.
* Vidi Fortum (by Koppert, Netherlands): Enhances plant resistance to abiotic stress.
* Vidi Fol: Stimulates plant growth.
* Vidi Parva: Improves nutrient uptake and promotes root elongation.

As demand for higher crop productivity continues to grow, foliar application remains a key method for delivering biostimulants effectively, supporting plant health and yield optimization.

Europe Dominates the Biostimulants Market Share [https://www.marketsandmarketsblog.com/biostimulants-market-size-share-growth-drivers-opportunities-and-top-companies.html].

Europe's agricultural sector plays a crucial role in land use, as highlighted by the European Environment Agency. The region is home to numerous small farms that engage in intensive farming and cultivate a diverse range of crops. These factors contribute to Europe's robust agricultural industry, positioning it as one of the largest consumers of biostimulants.

The European Biostimulants Industry Council (EBIC) is instrumental in promoting the biostimulants sector, helping farmers enhance crop yields and quality while optimizing resource efficiency. EBIC advocates for a regulatory framework that supports a unified European biostimulants market, recognizing their role in advancing sustainable agriculture, driving green innovation, boosting economic growth, and achieving broader societal goals.

The adoption of biostimulants in European agriculture is rapidly increasing. While their use initially focused on high-value sectors such as viticulture, horticulture, and fruit production, they are now being increasingly applied to herbaceous field crops, reflecting their growing importance in modern farming practices.

Top 10 Companies in the Biostimulants Market [https://www.marketsandmarkets.com/ResearchInsight/biostimulant-market.asp]

* BASF SE (Germany)
* Syngenta Crop Protection AG (Switzerland)
* UPL (India)
* FMC Corporation (US)
* Sumitomo Chemical Co., Ltd. (Japan)
* Corteva. (US)
* Nufarm (UK)
* Coromandel International Limited (India)
* Gowan Company (US)
* Koppert (The Netherlands)

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BASF SE (Germany)

BASF SE is a global leader in the chemical industry, operating across multiple business segments, including chemicals, materials, industrial solutions, surface technologies, nutrition and care, agricultural solutions, and more. The company offers a broad portfolio of chemical products such as intermediates, monomers, petrochemicals, dispersions, pigments, care chemicals, nutrition and health products, paper chemicals, performance chemicals, catalysts, construction chemicals, coatings, performance materials, and crop protection solutions.

As of April 2024, BASF SE has restructured its business segments, reaffirming its commitment to innovation and sustainability. Within its agricultural solutions division, the company has prioritized biostimulants-substances or microorganisms that enhance plant nutrient uptake, improve stress tolerance, and stimulate growth. This focus aligns with the increasing global demand for sustainable agricultural practices that optimize crop yields while reducing environmental impact.

With a robust international presence, BASF SE operates through subsidiaries and joint ventures in over 93 countries. The company manages six integrated production sites and 234 additional manufacturing facilities across Europe, Asia, Australia, the Americas, and Africa, ensuring a strong and efficient global supply network.

FMC Corporation (US)

FMC Corporation is a leading provider of innovative solutions in crop protection, plant health, professional pest control, and turf management. The company initially operated in three segments-Agricultural Solutions, Health & Nutrition, and Lithium-with Agricultural Solutions accounting for approximately 69% of its revenue.

Following the acquisition of DuPont's crop protection business in November 2017 and the divestiture of its Health & Nutrition segment to DuPont, FMC Corporation now focuses on two primary segments: Agricultural Solutions and Lithium. These segments include a diverse range of products such as herbicides, fungicides, insecticides, and plant health solutions.

In a strategic move, FMC Corporation recently rebranded its plant health business as Biologicals by FMC, specializing in biostimulants, biofungicides, and other plant health products. The company has a global presence, operating across North America, Europe, South America, the Middle East, and the Asia-Pacific region, with a strong sales footprint in Europe, North America, and Asia.

Key subsidiaries of FMC Corporation include:

* FMC Agricultural Products International AG (Switzerland)
* FMC Agroquimica de Mexico S.A. de C.V. (Mexico)
* FMC Foret S.A. (Spain)
* FMC (Shanghai) Chemical Technology Consulting Co. Ltd. (China)
* FMC Australasia Pty. Ltd. (Australia)
* FMC Chemicals (Thailand) Limited (Thailand)
* FMC Chemicals KK (Japan)
* FMC BioPolymer UK Limited (UK)

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