Global Bio stimulants Market
Global Bio stimulants was valued at US$ 1,280.45 Million in 2021, estimated to reach US$ 6,970.35 Million in 2027, with a CAGR of 23.33% from 2022-2027.
Any microorganism that applied to seeds, plants, or on the rhizosphere, stimulates natural processes to improve or benefit nutrient uptake, nutrient use efficiency, tolerance to abiotic stress, or crop quality and yield is called as Bio stimulants.
Market Drivers
Agricultural procedures are required to identify possible ways to be more efficient & effective in the coming decade. Bio stimulants can address this issue in a sustainable manner, by providing protection against stress & thereby propelling the growth of the plant.
The market for bio stimulants is anticipated to grow in the upcoming years, owing to the increase in consumer awareness about the benefits of organic foods, implementation of organic regulations, and adoption of Global Good Agricultural Practices (GLOBAL GAP) polices.
The use of organic & bio-based compounds in agriculture & forestry provides a significant opportunity for farmers to improve roots 7 shoot growth, stress resistance, and better growth potential. For instance, as per the information provided by the international federation of Organic Agriculture Movements & Research Institute of Organic Agriculture, in the year 2020, agricultural land under organic certification was around 3.14 million hectares in China.
The strong emphasis from governments & other stakeholders on the organic & sustainable mode of farming has raised the acceptance of these bio stimulants.
Market Restraints
Lack of transparency in patent protection laws in several countries has led to the prevalence of low-quality products.
The low prices of these products from small scale domestic manufacturers attracts farmers to purchase them which expected to hamper the growth of global bio stimulant market over the forecast period.
Market Segmentation
Bio stimulants Market is segmented into major 4 categories. Based Active Ingredients, the market is segmented into Acid Based, Seaweed Extracts, Microbial, Others. Based on Application, the market is divided into Foliar Treatment, Seed Treatment, Soil Treatment. Based on Crop Type, the market is segmented into Row Crops & Cereals, Fruits & Vegetables, Turf and Ornamentals, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Europe market dominates the Bio stimulants market across the world owing to the growing consumption of organic foods and the growing preference of manufacturers for sustainable & eco-friendly production alternatives.
Asia Pacific was the second-largest regional market in 2021 owing to the presence of various manufacturing companies along with the rapid growth of agriculture-based economies, such as India and China.
Central & South America is estimated to register the second-highest growth rate, in terms of revenue, over the forecast period. Although currently, the region is growing at a stagnant rate, it has a lot of growth potential due to the presence of economies, such as Brazil, which are primarily agriculture-based.
Market Key Players
Some of the key players operating in Global Bio stimulants Market are BASF SE, Isagro Group, Sapec Agro S.A., Biolchim S.P.A., Novozymes A/S, Platform Specialty Products Corporation, Valagro SpA, Koppert B.V., Italpollina SPA, Biostadt India Limited.
Industry development
In Nov 2021, Hanwha Solutions had announced a strategic investment in REC Silicon ASA to secure low-carbon photovoltaic materials amid growing demand for renewable energy in the USA. The company, which operates Q CELLS, agreed to invest in REC Silicon for $160.47 million, becoming a co-leading shareholder of the Biostimulant manufacturer with Aker Horizons, a Norway-headquartered investment firm focused on renewable energy.
In Oct 2020, Isagro S.p.A. communicates the Closing of the acquisition of 100% of Phoenix-Del S.r.l. capital stock was finalized. The value of the transaction amounts to €3.6 million, out of which 3.1 million paid Wednesday and 0.5 million to be paid in 2023 subject to the achievement of certain commercial objectives.
Global Bio stimulants Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Bio stimulants Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Bio stimulants Market, By Active Ingredients
5.1 Y-o-Y Growth Comparison, By Active Ingredients
5.2 Bio stimulants Market Share Analysis, By Active Ingredients
5.3 Bio stimulants Market Size and Forecast, By Active Ingredients
5.3.1 Acid Based
5.3.2 Seaweed Extracts
5.3.3 Microbial
5.3.4 Others
6 Bio stimulants Market, By Crop Type
6.1 Y-o-Y Growth Comparison, By Crop Type
6.2 Bio stimulants Market Share Analysis, By Crop Type
6.3 Bio stimulants Market Size and Forecast, By Crop Type
6.3.1 Row Crops & Cereals
6.3.2 Fruits & Vegetables
6.3.3 Turf and Ornamentals
6.3.4 Others
7 Bio stimulants Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Bio stimulants Market Share Analysis, By Application
7.3 Bio stimulants Market Size and Forecast, By Application
7.3.1 Soil Treatment
7.3.2 Foliar Treatment
7.3.3 Seed Treatment
8 Bio stimulants Market, By Region
8.1 Bio stimulants Market Share Analysis, By Region
8.2 Bio stimulants Market Share Analysis, By Region
8.3 Bio stimulants Market Size and Forecast, By Region
9 North America Bio stimulants Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Bio stimulants Market Share Analysis, By Active Ingredients
9.3 North America Bio stimulants Market Size and Forecast, By Crop Type
9.4 North America Bio stimulants Market Size and Forecast, By Application
9.5 North America Bio stimulants Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Bio stimulants Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Bio stimulants Market Share Analysis, By Active Ingredients
10.3 Europe Bio stimulants Market Size and Forecast, By Crop Type
10.4 Europe Bio stimulants Market Size and Forecast, By Application
10.5 Europe Bio stimulants Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Bio stimulants Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Bio stimulants Market Share Analysis, By Active Ingredients
11.3 Asia Pacific Bio stimulants Market Size and Forecast, By Crop Type
11.4 Asia Pacific Bio stimulants Market Size and Forecast, By Application
11.5 Asia Pacific Bio stimulants Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Bio stimulants Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Bio stimulants Market Share Analysis, By Active Ingredients
12.3 Latin America Bio stimulants Market Size and Forecast, By Crop Type
12.4 Latin America Bio stimulants Market Size and Forecast, By Application
12.4 Latin America Bio stimulants Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Bio stimulants Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Bio stimulants Market Share Analysis, By Active Ingredients
13.3 Middle East Bio stimulants Market Size and Forecast, By Crop Type
13.4 Middle East Bio stimulants Market Size and Forecast, By Application
13.5 Middle East Bio stimulants Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 BASF SE
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Isagro Group
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Sapec Agro S.A.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Biolchim S.P.A.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Novozymes A/S
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Platform Specialty Products Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Valagro SpA
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Koppert B.V.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Italpollina SPA
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Biostadt India Limited
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Kingspan
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
