Global Biostimulants Market, By Active Ingredients (Acid Based, Extract Based, Protein Hydrolysates, Microbial Amendments, Chitin, Chitosan, B-Vitamins, and Others), Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & 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) - Industry Trends and Forecast to 2030.
Biostimulants Market Analysis and Size
The global biostimulants market is being driven by the increasing need for sustainable agriculture is an important driver for the global biostimulants market. Moreover, High agriculture production worldwide is expected to boost the market growth. However, uncertainty in biostimulant regulation worldwide which is expected to pose a challenge to market growth which may restrain the market growth.
Data Bridge Market Research analyses that the global biostimulants market is expected to reach the value of USD 10,176.95 million by 2030, at a CAGR of 11.9% during the forecast period.
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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 2016 - 2020)
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Quantitative Units
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Revenue in Million, Volumes in Units, and 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 & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & 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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U.S., Canada, Mexico, Germany, France, Italy, Spain, U.K., Russia, Switzerland, Portugal, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, South Africa, United Arab Emirates, Egypt, Saudi Arabia, Israel and Rest of Middles East and Africa.
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Market Players Covered
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ATLÁNTICA AGRÍCOLA, Bayer AG, Biolchim SPA, Biostadt India Limited, Koppert Biological Systems, Haifa Group, Trade Corporation International, Brandt Consolidated, Inc., Lallemand Inc., ADAMA, Syngenta, Novozymes, FMC Corporation, Valagro S.p.A., OMEX, ASL, Agrinos, and MPH among others
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Market Definition
Biostimulants are developed to help farmers in order to meet increased agricultural demand on a sustainable basis. Biostimulants boost crop yield and its value, which positively affects farm productivity. Agricultural biostimulant is comprised of multiple amalgamations of chemicals, substances, and micro-organisms that are added to the plants or soils to boost crop vigor, production, sensitivity to abiotic pressure, and quality. Biostimulants support the growth and production of crops throughout the entire crop life cycle, from seed germination to plant maturity, in a variety of demonstrated ways like regulating plant metabolism. Biostimulants are developed for farmers to meet the demand for sustainable agriculture including quality and improved crop yield, and even for the consumers to meet the demand for organic products so as to cope with health and safety standards. Thus, due to this, investors are increasingly interested in the biostimulant category with respect to the significant growth potential.
Global Biostimulants Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Drivers:
- Increasing need for sustainable agriculture
Sustainable agriculture is a current need for growing healthy food for people to protect the health of the plant and preserve the livelihoods of local communities. It restores the soil fertility and provides nourishment to them. Factors like climatic changes and the growing population is creating stress on the agricultural sector to ensure that customers must have sustainable food with good quality. Biostimulant is required for sustainable agriculture as it offers various benefits in terms of high crop productivity and maintenance of soil fertility. It even increases tolerance and recovers plant from abiotic stress when crops undergo uncertain climatic changes such as extreme temperature, irregular rainfall, and other stressful conditions. Biostimulant too prevents nutrients and minerals from leaching and translocation to other ecosystems. It is expected to provide an additional boost to crop growth and productivity and also allow crops to absorb nutrients and more water.
- Upsurge in the demand for seaweed as raw material
Seaweeds are used in agriculture to increase the plant's productivity by enhancing the quality of the soil. Various biostimulants made up of seaweed extracts are used in modern agriculture as a more concentrated means, for delivering benefits to both soils and plants. It helps in improving soil properties including soil structure, water retention, and aeration. Seaweed extracted biostimulant offers many advantages in agriculture including enhancement of seed germination, improvement of plant health, development of root and shoot elongation, increased water and nutrient uptake, frost and saline tolerance, biocontrol and resistance to phytopathogenic species, remediation of polluted soil contaminants and fertilization. These factors is expected to the maximization of productivity and growth of the crops.
- High agricultural production worldwide
Seaweed extracted biostimulant offers many advantages in agriculture including enhancement of seed germination, improvement of plant health, development of root and shoot elongation, increased water and nutrient uptake, frost and saline tolerance, biocontrol and resistance to phytopathogenic species, remediation of polluted soil contaminants and fertilization. These factors will lead to the maximization of productivity and growth of the crops. The usage of biostimulants to enhance crop productivity and growth which in result will directly affect the income of the state positively. Thus, an agricultural scenario in every region is expected to be an essential driving factor of the global biostimulant market.
Restraint/ Challenge
- Quality issues in manufacturing biostimulants
In recent eras, biostimulant production has been based on natural raw materials and particularly waste stream has gained popularity in the agricultural field. Despite multiple benefits including the ability to enhance crop productivity and soil fertility, certain factors affect crop production for which manufacturers may require investing huge amounts of money.
The main factor that impacts its production is the composition of components such as amino acids, protein hydrolysates, chitin, chitosan, and others. The component of the biostimulant product may get affected due to many factors such as growing conditions, location, season, organ, phase of growth, species, and variety.
Due to variations in these factors, the response of the target crop may vary in field and environment. Changes in place, environmental conditions, and many others affect the content proportion of biostimulants and hence it leads to variation in crop productivity and automatically is expected to hamper the growth of the market.
- High demand of substitute products
Biostimulants are used by farmers to increase the yield and growth of crops. It is being developed with the utilization of different formulations including amino acid, micro-organisms and other active substances which are provided to plants or soils. Applying fertilizers helps to improve quality, crop yields, and tolerance of abiotic stresses. There are other types of products with the same characteristic which are also available in the market such as chemical fertilizers, pesticides, and insecticides. Fertilizers are synthetic chemical products provided to plants in order to increase their efficiency and growth. Chemical fertilizers offer many benefits as compared to biostimulant as it is water soluble and can be easily absorbed both in the soil and plant.
Companies are involved in producing chemical fertilizers due to the high demand from the growers side. Farmers are still utilizing chemical fertilizers due to their rapid effect on crops for high yield and growth. These fertilizers increase crops production by providing large quantities of food products in order to meet the demand of large population. But as a drawback, it can reduce the crop resistance towards insects and pathogens and even leads to soil erosion.
Opportunities
- Rising awareness about biostimulants
Consumer's use of biostimulants has been propelled due to their high demand. This is mainly owing to the growing interest of scientists, private industry, and farmers who are incorporating such nature based products into different environmentally friendly resources which ensure increased plant quality and better yield. The negative impact of excessive usage of chemical fertilizers affects the entire ecosystem which results in leaching, water pollution, loss of microorganisms and environmentally friendly insects, soil acidification or alkalization, and lack of soil fertility. It has been witnessed that consumers prefer organic products which are grown in a more sustainable way, with minimal usage of strong chemical fertilizers. Growers are adapting biostimulants as they wish for greener alternatives to grow their crops. As a result, organizations are conducting conferences with respect to biostimulants which is expected to create opportunities with several benefits in terms of crop growth and productivity.
Global Biostimulants Market Scope
The global biostimulants market is categorized into seven notable segment, by active ingredients, crop type, application method, form, end user, origin, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Active Ingredients
- Acid Based
- Extract Based
- Protein Hydrolysates
- Microbial Amendments
- Chitin
- Chitosan
- B-Vitamins
- Others
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.
Crop Type
- Fruits & Vegetables
- Cereals & Grains
- Oilseeds & Pulses
- Turf & Ornamentals
- Other Crops
On the basis of crop type, the market is segmented into fruits & vegetables, cereals & grains, oilseeds & pulses, turf & ornamentals, and other crops.
Application Method
- Foliar Treatment
- Soil Treatment
- Seed Treatment
On the basis of application method, the market is segmented into foliar treatment, soil treatment, and seed treatment.
Form
- Liquid
- Dry
On the basis of form, the market is segmented into liquid and dry.
End User
- Farmers
- Related Industries
- Research Institutes
On the basis of end user, the market is segmented into farmers, related industries, and research institutes.
Origin
- Natural Biostimulants
- Synthetic Biostimulants
On the basis of origin, the market is segmented into natural biostimulants and synthetic biostimulants.
Distribution Channel
- Direct
- Indirect
On the basis of distribution channel, the market is segmented into direct and indirect.
Global Biostimulants Market Regional Analysis/Insights
The global biostimulants market is analyzed and market size insights and trends are provided by country on by active ingredients, crop type, application method, form, end user, origin, and distribution channel as referenced above.
The countries covered in the global biostimulants market report are U.S., Canada, Mexico, Germany, France, Italy, Spain, U.K., Russia, Switzerland, Portugal, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, South Africa, United Arab Emirates, Egypt, Saudi Arabia, Israel and Rest of Middles East and Africa.
Europe is expected to dominate the global biostimulants market with a CAGR of around 12.1%, due to large production, easy availability of products, and an increase in customer base.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Biostimulants Market Share Analysis
The global biostimulants market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus on the global biostimulant market.
Some of the major players operating in the global biostimulants market are ATLÁNTICA AGRÍCOLA, Bayer AG, Biolchim SPA, Biostadt India Limited, Koppert Biological Systems, Haifa Group, Trade Corporation International, Brandt Consolidated, Inc., Lallemand Inc., ADAMA, Syngenta, Novozymes, FMC Corporation, Valagro S.p.A., OMEX, ASL, Agrinos, and MPH among others.
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