The global food and farming frameworks are facing numerous challenges due to increased hunger, growing food demand, environmental impacts of climate change, and food loss and waste. The rising demand for organic food, which relies less on synthetic chemicals, has created a need for sustainable solutions. Biostimulants play a crucial role in addressing these challenges by enhancing abiotic stress resilience, improving crop quality, and promoting nutrient uptake. They provide a viable approach to meeting the demand for sustainable agriculture and addressing global food-related issues.
According to Data Bridge Market Research, Biostimulants Market is expected to reach USD 9.40 billion by 2030, which is USD 3.77 billion in 2022, registering a CAGR of 12.10% during the forecast period of 2023 to 2030.
“Increasing demand for sustainable agriculture surge market demand"
The increasing demand for sustainable agriculture is driving the growth of the biostimulants market. As farmers and consumers prioritize environmentally friendly practices, biostimulants provide a natural and eco-friendly solution. These products enhance crop productivity, improve plant health, and reduce the need for synthetic chemicals, thereby minimizing environmental impact. Biostimulants promote sustainable agriculture by offering a greener approach to crop production that aligns with the demand for environmentally conscious and sustainable farming practices.
What restraints the growth of the biostimulants market?
“Limited awareness and education can impede the market growth”
Limited awareness and education about biostimulants among farmers and agronomists can impede market growth. Many stakeholders may not fully understand the benefits, proper application methods, and integration of biostimulants in crop management practices. Insufficient knowledge about biostimulants' potential advantages and their role in sustainable agriculture may result in reluctance to adopt these products..
Segmentation: Global Biostimulants Market
The biostimulants market is segmented on the basis of origin, active ingredients, crop type, application method, form, end users and distribution channel.
- On the basis of origin, the biostimulants market is segmented into natural and biosynthetic.
- On he basis of active ingredients, the biostimulants market is segmented into acid based, extract based, protein hydrolysates, microbial amendments, chitin, chitosan, b-vitamins, others.
- On the basis of crop type, the biostimulants market is segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, turf and ornamentals, other crops.
- On the basis of application method, the biostimulants market is segmented into foliar treatment, soil treatment, seed treatment.
- On the basis of form, the biostimulants market is segmented into liquid, dry.
- On the basis of end users, the biostimulants market is segmented into farmers, related industries, research institutes.
- On the basis of distribution channel, the biostimulants market is segmented into direct, indirect.
Regional Insights: Europe dominates the Global Biostimulants Market
Europe dominates the biostimulants market because of stringent regulations imposed by the government on the application of synthetic or chemical-based pesticides in this region. Moreover, a growing concern among consumers and market players for environmental health will further boost the market growth in this region.
Asia-Pacific is anticipated to be the fastest-growing region in the biostimulants market during the forecast period of 2023-2030 because of the increasing adoption of modern agricultural practices and technologies. The growth in this region is also driven by the agricultural economies of some countries such as India and China.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-biostimulants-market
Recent Developments in Global Biostimulants Market
- In 2022, In order to provide biosolutions technologies in the United States, UPL Limited, a global leader in sustainable agriculture solutions, announced their collaboration with Kimitec's MAAVi Innovation Center (MAAVi IC), a recognized global leader in marketing, research, and development of bioSolutions.
- In 2021, Chr. Hansan, a bioscience-based company, and UPL Limited, a global provider of sustainable agriculture solutions, worked together on this project. Together, they created biosolutions based on microorganisms, including biopesticides and biostimulants.
- In 2021, A circular bioeconomic model was developed in collaboration with Alamics, Valagro, and FarterSMART. The goal of this bioeconomic model project was to create biostimulants with a high added value by recycling pad and diaper waste.
The Prominent Key Players Operating in the Global Biostimulants Market Include:
- AgriLife (India)
- Tradecorp APAC Pty. Ltd. (Australia)
- ASL (Canada), Isagro (Italy)
- Valagro (Italy)
- Bayer AG (Germany)
- Koppert (Netherlands)
- BASF SE (Germany)
- Novozymes (U.S.)
- Syngenta (Switzerland)
- Valent Biosciences (U.S.)
- Lallemand Inc (Canada)
- FMC Corporation (U.S)
- Biostadt India Limited (India)
- Atlántica Agrícola (Spain)
Above are the key players covered in the report, to know about more and exhaustive list of global biostimulants market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Biostimulants Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
