The biostimulants market caters to various crop types, including fruits and vegetables, cereals and grains, oilseeds and pulses, turf and ornamentals, and other crops. Biostimulants are agrochemical formulations that enhance crop growth, quality, and yield. They are particularly valuable for fruits and vegetables, improving nutrient uptake and stress tolerance. Cereals and grains benefit from increased nutrient assimilation and resistance to adverse conditions. Oilseeds and pulses gain improved root development and resilience. Turf and ornamental plants also exhibit enhanced growth and appearance, while biostimulants offer tailored solutions for other crop varieties.
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Data Bridge Market Research analyses that the Europe Biostimulants Market was valued at USD 1,495.14 million in 2022 and is expected to reach the value of USD 3,728.46 million by 2030, at a CAGR of 12.1% during the forecast period of 2023-2030. Biostimulants are crucial in addressing the global challenge of increasing food demands. They enhance crop growth, nutrient uptake, and stress tolerance, ultimately improving yields and ensuring a more efficient and sustainable food production system.
Key Findings of the Study
Government support is expected to drive the market's growth rate
Governmental agricultural policies and incentives are a driving force behind the adoption of biostimulants in modern agriculture. Many governments globally support sustainable and efficient food production practices to address increasing food demands. These policies promote the use of biostimulants as they contribute to enhanced crop yields, improved resource efficiency, and reduced environmental impact. By incentivizing farmers to incorporate biostimulants into their practices, governments encourage a more sustainable and economically viable approach to food production, driving the adoption of these products.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Active Ingredients (Acid Based, Extract Based, Protein Hydrolysates, Microbial Amendments, Chitin, Chitosan, B-Vitamins, and Others), Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, Turf and Ornamentals, and Other Crops), Application Method (Foliar Treatment, Soil Treatment, and Seed Treatment), Form (Liquid and Dry), End User (Farmers, Related Industries, and Research Institutes), Origin (Natural Biostimulants and Synthetic Biostimulants), Distribution Channel (Direct and Indirect)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
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Market Players Covered
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ATLÁNTICA AGRÍCOLA (Brazil), Bayer AG (Germany), Biolchim SPA (Italy), Biostadt India Limited (India), Koppert Biological Systems (Netherlands), Haifa Group (Israel), Trade Corporation International (U.S.), Brandt Consolidated, Inc. (U.S.), Lallemand Inc. (Canada), ADAMA (Israel), Syngenta (Switzerland), Novozymes (Denmark), FMC Corporation (U.S.), Valagro S.p.A. (Italy), OMEX (United Kingdom), ASL (U.S.), Agrinos (U.S.), MPH (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe biostimulants market is categorized into seven notable segment, by active ingredients, crop type, application method, form, end user, origin, and distribution channel.
- On the basis of active ingredients, the market is segmented into acid based, extract based, protein hydrolysates, microbial amendments, chitin, chitosan, b-vitamins, and others.
- On the basis of crop type, the market is segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, turf and ornamentals, and other crops.
- On the basis of application method, the market is segmented into foliar treatment, soil treatment, and seed treatment.
- On the basis of form, the market is segmented into liquid and dry.
- On the basis of end user, the market is segmented into farmers, related industries, and research institutes.
- On the basis of origin, the market is segmented into natural biostimulants and synthetic biostimulants.
- On the basis of distribution channel, the market is segmented into direct and indirect.
Major Players
Data Bridge Market Research recognizes the following companies as the Europe biostimulants market players in Europe biostimulants market are ATLÁNTICA AGRÍCOLA (Brazil), Bayer AG (Germany), Biolchim SPA (Italy), Biostadt India Limited (India), Koppert Biological Systems (Netherlands), Haifa Group (Israel),
Market Developments
- In January 2023, Archer Daniels Midland Company unveiled NeoVita 43, a biostimulant designed to enhance corn yield by optimizing nutrient utilization. This innovative product offers a sustainable solution to increase crop productivity, improving agricultural efficiency. By leveraging NeoVita 43, farmers can achieve higher corn yields while using essential nutrients more efficiently, ultimately benefiting both crop performance and environmental sustainability.
- In March 2022, Valagro partnered with its Indian subsidiary, Valagro Biosciences, to introduce the innovative biostimulant Talete to the Indian market. Talete is designed to enhance crop water productivity, offering a sustainable solution for agriculture. By promoting efficient water use in crop cultivation, Talete assists Indian farmers in achieving better yields while conserving vital water resources, contributing to agricultural productivity and environmental sustainability.
- In 2022, BASF SE and Delair formed a collaboration aimed at expanding BASF SE's research and development initiatives in seeds, traits, and crop protection. This strategic collaboration enables BASF SE to accelerate its innovative projects and enhance its capabilities in agriculture. Delair, a drone and analytics solutions leader, provides advanced technology support to help BASF SE optimize its research, streamline operations, and address the evolving challenges in the agricultural sector.
- In 2021, FMC Corporation introduced a fresh brand identity for its plant health business segment, rebranded as "Biologicals by FMC." This strategic move highlights FMC's commitment to developing and promoting biological solutions in agriculture. The new brand identity underscores the company's focus on innovative, sustainable, and environmentally friendly agricultural practices. It signifies FMC's dedication to advancing biological products that enhance crop health, yield, and sustainability in farming.
Regional Analysis
Geographically, the countries covered in the Europe biostimulants market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
As per Data Bridge Market Research analysis:
Spain is expected to dominate the Europe biostimulants market in the forecast period 2023-2030
Spain is expected to dominate the European biostimulants market, primarily due to its significant production capacity and the ready availability of biostimulant products. The region's established agricultural industry and diverse customer base further solidify its dominance. Spain's favorable conditions for biostimulant utilization and robust agricultural practices position it as a critical player in the European biostimulants market, driving growth and innovation in this sector.
For more detailed information about the Europe biostimulants market report, click here – https://www.databridgemarketresearch.com/reports/europe-biostimulants-market
