Global Biostimulants Market Size, Trends, and Growth Opportunity, By Origin (Natural and Biosynthetic), Active Ingredients (Acid Based, Extract Based, Protein Hydrolysates, Microbial Amendments, Chitin, Chitosan, B-Vitamins, Others), Form (Liquid, Dry), Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, Turf, and Ornamentals, Other Crops), Application Method (Foliar Treatment, Soil Treatment, Seed Treatment), End Users (Farmers, Related Industries, Research Institutes), Distribution Channel (Direct, Indirect) By Region and forecast till 2030.
Global Biostimulants Market
Global Biostimulants Market was valued at USD 3.84 Billion in 2022 and is slated to reach USD 9.62 Billion by 2030 at a CAGR of 12.16 % from 2023-2030.
Agricultural goods are nourished by biostimulants, which are compounds created organically and primarily utilized to stimulate plant growth and development. The biostimulants product encourages the whole growth and development of the plant from the time the seed germinates to the mature plant. Assimilation, nutrient transfer, and soil fertility are all improved by these fertilizers.
Market Drivers
The organic food business is using more organic fertilizers and replacing traditional agricultural practices that heavily rely on chemical fertilizers as a result of the public's increased awareness of the importance of eating nutritious foods. The most recent surveys show that 72.3 million hectares of agricultural land were maintained organically and that organic agriculture is being practiced in around 187 different countries. As a result, the market is anticipated to rise at a faster rate over the projected period due to the rising demand for biostimulants in organic farming. To promote organic farming techniques, biostimulants are crucial for crops. Biostimulants can raise the soil's quality, which facilitates a more efficient uptake of nutrients and water. Biostimulants play a crucial role in organic farming and gardening, as well as in the growth of crops in conventional agriculture. The demand for biostimulants to meet the demands of safe farming practices and food sufficiency is predicted to propel the market's expansion as the organic food sector now experiences exponential growth.
Market Restraints
Due to issues with product quality, the demand for biostimulants may fall, which is expected to impede the market's growth. The abundance of alternatives, including amino acids, micronutrients, enzymes, proteins, and other substances, would likely provide a significant barrier to the market's growth throughout the forecasted period. Because of the emergence of host-plant resistance or direct nematoxicity, biostimulants have significant negative impacts on a large number of root-knot nematodes. Due to this, many farmers are reluctant to employ biostimulants, which could restrain the market's expansion over the projection period.
Impact of COVID-19
COVID-19 has affected the market in all regions as a result of the shutdown time. Businesses are working harder to determine how the COVID-19 pandemic will affect stocks to better manage production quantities and adjust production levels to shift demand in certain markets. To guarantee the availability of final products or intermediates, manufacturers are changing their supply chains. To develop resistance to the pandemic's issues, producers in the biostimulants sector concentrate on managing stocks and flow with significant flexibility.
Recent Developments
In 2021, Chr. Hansen, a bioscience-based business, and UPL Limited, a global provider of sustainable agriculture solutions, partnered. Together, they created bio-solutions based on microorganisms, including biopesticides and biostimulants.
Market Segmentation
Global Biostimulants Market is segmented By Origin, Active Ingredients, Crop Type, Form, Application Method, Distribution Channel, End Users. By Origins such as Natural and Biosynthetic. By Active Ingredients such as Acid Based, Extract Based, Protein Hydrolysates, Microbial Amendments, Chitin, Chitosan, B-Vitamins, and Others. By Form such as Liquid, Dry. By Crop Types such as Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, Turf and Ornamentals, and Other Crops. By Application Methods such as Foliar Treatment, Soil Treatment, and Seed Treatment. By End Users such as Farmers, Related Industries, and Research Institutes. By Distribution Channels such as Direct, Indirect.
Regional Analysis
Global Biostimulants Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Because of the strict government restrictions placed on the use of synthetic or chemical-based pesticides in this area, Europe dominates the global market for biostimulants. The market growth in this region will also be aided by consumers' and industry participants' increased concern for environmental health. Because of the rising use of contemporary agricultural practices and technology, Asia-Pacific is predicted to see the quickest growth in the global biostimulants market during the forecast period of 2023–2030. Agriculture-based economies in several nations, including China and India, are another factor fueling this region's rise.
Key Players
This report includes a list of numerous Key Players, namely AgriLife (India), Tradecorp APAC Pty. Ltd. (Australia), ASL (Canada), Isagro (Italy), Bayer AG (Germany), Koppert (Netherlands), BASF SE (Germany), Novozymes (U.S.), Syngenta (Switzerland), Lallemand Inc (Canada), Biostadt India Limited (India).
Market Taxonomy
By Origin
• Natural
• Biosynthetic
By Active Ingredients
• Acid Based
• Extract Based
• Protein Hydrolysate
• Microbial Amendments
• Chitin
• Chitosan
• B-Vitamins
• Others
By Crop Type
• Fruits and Vegetables
• Cereals and Grains
• Turf and Ornamentals
• Oilseeds and Pulses
• Other Crops
By Application
• Foliar Treatment
• Soil Treatment
• Seed Treatment
By Form
• Liquid
• Dry
By End users
• Farmers
• Related Industries
• Research Institutes
• Others
By Distribution channel
• Direct
• Indirect
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Biostimulants Market
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 Global Biostimulants Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Biostimulants Market, By Origin
5.1 Y-o-Y Growth Comparison, By Origin
5.2 Global Biostimulants Market Share Analysis, By Origin
5.3 Global Biostimulants Market Size and Forecast, By Origin
5.3.1 Natural
5.3.2 Biosynthetic
6 Global Biostimulants Market, By Active Ingredients
6.1 Y-o-Y Growth Comparison, By Active Ingredients
6.2 Global Biostimulants Market Share Analysis, By Active Ingredients
6.3 Global Biostimulants Market Size and Forecast, By Active Ingredients
6.3.1 Acid Based
6.3.2 Extract Based
6.3.3 Protein Hydrolysate
6.3.4 Microbial Amendments
6.3.5 Chitin
6.3.6 Chitosan
6.3.7 B-Vitamins
6.3.8 Others
7 Global Biostimulants Market, By Crop Type
7.1 Y-o-Y Growth Comparison, By Crop Type
7.2 Global Biostimulants Market Share Analysis, By Crop Type
7.3 Global Biostimulants Market Size and Forecast, By Crop Type
7.3.1 Fruits and Vegetables
7.3.2 Cereals and Grains
7.3.3 Turf and Ornamentals
7.3.4 Oilseeds and Pulses
7.3.5 Other Crops
8 Global Biostimulants Market, By Application
8.1 Y-O-Y Growth Comparison, By Application
8.2 Global Biostimulants Market Share Analysis, By Application
8.3 Global Biostimulants Market Size and Forecast, By Application
8.3.1 Foliar Treatment
8.3.2 Soil Treatment
8.3.3 Seed Treatment
9 Global Biostimulants Market, By Form
9.1 Y-O-Y Growth Comparison, By Form
9.2 Global Biostimulants Market Share Analysis, By Form
9.3 Global Biostimulants Market Size and Forecast, By Form
9.3.1 Liquid
9.3.2 Dry
10 Global Biostimulants Market, By Distribution channel
10.1 Y-O-Y Growth Comparison, By Distribution channel
10.2 Global Biostimulants Market Share Analysis, By Distribution channel
10.3 Global Biostimulants Market Size and Forecast, By Distribution channel
10.3.1 Direct
10.3.2 Indirect
11 Global Biostimulants Market, By End-Use
11.1 Y-O-Y Growth Comparison, By End-Use
11.2 Global Biostimulants Market Share Analysis, By End-Use
11.3 Global Biostimulants Market Size and Forecast, By End-Use
11.3.1 Farmers
11.3.2 Related Industries
11.3.3 Research Institutes
11.3.4 Others
12Global Biostimulants Market, By Region
12.1 Global Biostimulants Market Share Analysis, By Region
12.2 Global Biostimulants Market Share Analysis, By Region
12.3 Global Biostimulants Market Size and Forecast, By Region
13 North America Biostimulants Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 North America Biostimulants Market Share Analysis, By Origin
13.3 North America Biostimulants Market Size and Forecast, By Active Ingredients
13.4 North America Biostimulants Market Size and Forecast, By Crop Type
13.5 North America Biostimulants Market Size and Forecast, By Application
13.6 North America Biostimulants Market Size and Forecast, By Form
13.7 North America Biostimulants Market Size and Forecast, By Distribution channel
13.8North America Biostimulants Market Size and Forecast, By End-Use
13.9 North America Biostimulants Market Size and Forecast, By Country
13.9.1 U.S.
13.9.2 Canada
13.9.3 Mexico
14EuropeBiostimulants Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Europe Biostimulants Market Share Analysis, By Origin
14.3 Europe Biostimulants Market Size and Forecast, By Active Ingredients
14.4 Europe Biostimulants Market Size and Forecast, By Crop Type
14.5 Europe Biostimulants Market Size and Forecast, By Application
14.6 Europe Biostimulants Market Size and Forecast, By Form
14.7 Europe Biostimulants Market Size and Forecast, By Distribution channel
14.8 Europe Biostimulants Market Size and Forecast, By End-Use
14.9 Europe Biostimulants Market Size and Forecast, By Country
14.9.1 Germany
14.9.2 France
14.9.3 UK
14.9.4. Rest of Europe
15Asia Pacific Biostimulants Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Asia Pacific Biostimulants Market Share Analysis, By Origin
15.3 Asia Pacific Biostimulants Market Size and Forecast, By Active Ingredients
15.4 Asia Pacific Biostimulants Market Size and Forecast, By Crop Type
15.5 Asia Pacific Biostimulants Market Size and Forecast, By Application
15.6 Asia Pacific Biostimulants Market Size and Forecast, By Form
15.7 Asia Pacific Biostimulants Market Size and Forecast, By Distribution channel
15.8 Asia Pacific Biostimulants Market Size and Forecast, By End-Use
15.9 Asia Pacific Biostimulants Market Size and Forecast, By Country
15.9.1 China
15.9.2 Japan
15.9.3 India
15.9.4. Rest of Asia Pacific
16Latin America Biostimulants Market Analysis and Forecast (2023-2030)
16.1 Introduction
16.2 Latin America Biostimulants Market Share Analysis, By Origin
16.3 Latin America Biostimulants Market Size and Forecast, By Active Ingredients
16.4 Latin America Biostimulants Market Size and Forecast, By Crop Type
16.5 Latin America Biostimulants Market Size and Forecast, By Application
16.6 Latin America Biostimulants Market Size and Forecast, By Form
16.7 Latin America Biostimulants Market Size and Forecast, By Distribution channel
16.8 Latin America Biostimulants Market Size and Forecast, By End-Use
16.9 Latin America Biostimulants Market Size and Forecast, By Country
16.9.1. Brazil
16.9.2.Rest of Latin America
17Middle East Biostimulants Market Analysis and Forecast (2023-2030)
17.1 Introduction
17.2 Middle East Biostimulants Market Share Analysis, By Origin
17.3 Middle East Biostimulants Market Size and Forecast, By Active Ingredients
17.4 Middle East Biostimulants Market Size and Forecast, By Crop Type
17.5 Middle East Biostimulants Market Size and Forecast, By Application
17.6 Middle East Biostimulants Market Size and Forecast, By Form
17.7 Middle East Biostimulants Market Size and Forecast, By Distribution channel
17.8 Middle East Biostimulants Market Size and Forecast, By End-Use
17.9 Middle East Biostimulants Market Size and Forecast, By Country
17.9.1. Saudi Arabia
17.9.2. UAE
17.9.3. Egypt
17.9.4. Kuwait
17.9.5. South Africa
18Competitive Analysis
18.1 Competition Dashboard
18.2 Market share Analysis of Top Vendors
18.3 Key Development Strategies
19Company Profiles
19.1 AgriLife (India)
19.1.1 Overview
19.1.2 Offerings
19.1.3 Key Financials
19.1.4 Business Segment & Geographic Overview
19.1.5 Key Market Developments
19.1.6 Key Strategies
19.2 Tradecorp APAC Pty. Ltd. (Australia)
19.2.1 Overview
19.2.2 Offerings
19.2.3 Key Financials
19.2.4 Business Segment & Geographic Overview
19.2.5 Key Market Developments
19.2.6 Key Strategies
19.3 Isagro (Italy)
19.3.1 Overview
19.3.2 Offerings
19.3.3 Key Financials
19.3.4 Business Segment & Geographic Overview
19.3.5 Key Market Developments
19.3.6 Key Strategies
19.4 Bayer AG (Germany)
19.4.1 Overview
19.4.2 Offerings
19.4.3 Key Financials
19.4.4 Business Segment & Geographic Overview
19.5 Key Market Developments
19.4.6 Key Strategies
19.5 Koppert (Netherlands)
19.5.1 Overview
19.5.2 Offerings
19.5.3 Key Financials
19.5.4 Business Segment & Geographic Overview
19.5.5 Key Market Developments
19.5.6 Key Strategies
19.6 BASF SE (Germany)
19.6.1 Overview
19.6.2 Offerings
19.6.3 Key Financials
19.6.4 Business Segment & Geographic Overview
19.6.5 Key Market Developments
19.6.6 Key Strategies
19.7 Novozymes (U.S.)
19.7.1 Overview
19.7.2 Offerings
19.7.3 Key Financials
19.7.4 Business Segment & Geographic Overview
19.7.5 Key Market Developments
19.7.6 Key Strategies
19.8 Syngenta (Switzerland)
19.8.1 Overview
19.8.2 Offerings
19.8.3 Key Financials
19.8.4 Business Segment & Geographic Overview
19.8.5 Key Market Developments
19.8.6 Key Strategies
19.9 Lallemand Inc (Canada)
19.9.1 Overview
19.9.2 Offerings
19.9.3 Key Financials
19.9.4 Business Segment & Geographic Overview
19.9.5 Key Market Developments
19.9.6 Key Strategies
19.10 Biostadt India Limited (India)
19.10.1 Overview
19.10.2 Offerings
19.10.3 Key Financials
19.10.4 Business Segment & Geographic Overview
19.10.5 Key Market Developments
19.10.6 Key Strategies
