California Biostimulants Market – Industry Trends and Forecast to 2030

California Biostimulants Market Analysis and Size

In the last few years, the demand for healthy food without any harmful residues produced in a sustainable and environment-friendly way has grown. The awareness regarding healthy food drives the increasing use of organic fertilizers for the organic food industry and replacing conventional farming methods relying heavily on chemical fertilizers. As per recent surveys, organic agriculture is practiced in 187 nations, and around 72.3 million hectares of agricultural land were managed organically by approx. 3.1 million organic farmers at the end of 2019. Therefore, the increasing demand for biostimulants in organic farming will likely boost the market growth during the forecast period.

Data Bridge Market Research analyses that the California biostimulants market is expected to reach USD 339.41 million by 2030, which is USD 179.35 million in 2022, registering a CAGR of 8.30% during the forecast period of 2023 to 2030

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.

California Biostimulants Market Scope and Segmentation

Market Definition

Biostimulants are those fertilizers that are produced organically and are used to nourish agricultural products and promote plant production and growth. From the germination of the seed to the maturity of the plant, the biostimulants product promotes plant development and growth. By boosting the growth of soil microbes, these fertilizers also aid in assimilation, nutrient transfer and usage while improving soil fertility.

California Biostimulants Market Dynamics

Drivers

• Increasing usage of biostimulants for stimulating organic practices

Biostimulants are very important for crops in the agricultural sector for stimulating organic practices. Biostimulants can improve the quality of microflora soil, which helps to make the uptake of water and nutrients more effective. Biostimulants are related to organic farming and gardening, which are currently seeing positive development in conventional agriculture. These are being noticed more frequently as a reaction to consumer desire for "softer" agricultural practices. The organic food sector is expanding exponentially, projected to fuel market expansion due to the growing demand for biostimulants to fulfill the importance of safe farming methods and food sufficiency.

Opportunities

• Increasing efforts of manufacturers in the biostimulants market

Producers' immediate or short-term goals in the biostimulants market are to manage flows and stocks with high levels of flexibility to increase flexibility in response to the pandemic's problems. They are putting much emphasis on creating agricultural biostimulants to grow fruits, vegetables, oilseeds, and grains, among other things. Companies are conveying their long- and medium-term business strategies to respond to probable changes in the future.

• Rising demand for organic food

Environmental and personal health reasons majorly drive this growing demand for organic food because organic food is free from harmful residue and does not cause any environmental concerns. Therefore, the growing organic farming and increasing demand for organic food increase the global demand for biological crop nutrition. This increasing demand for biological crop nutrition is expected to create numerous growth opportunities for the biostimulants market.

Restraints/Challenges

• Multiple issues associated with the biostimulant market

Quality issues in the manufacturing of biostimulants may hamper the demand for biostimulants and obstruct the market's growth. Furthermore, high demand for substitute products such as micronutrients, Enzymes, proteins, amino acids and other compounds may challenge the growth of the targeted market during the forecast period.

This biostimulants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biostimulants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2021, UPL Limited started its collaboration with Chr. Hansan, which is a bioscience company. With this collaboration, they developed microbial-based biosolutions, for instance, biopesticides and biostimulants.
• In 2020, Isagro SPA acquired Phoenix Del to develop copper-based fungicides and biosolutions through external lines. This acquisition is targeted to produce advanced products in the biostimulant segment.

California Biostimulants Market Scope

The biostimulants market is segmented on the basis of origin, active ingredients, crop type, application method, form, end users and distribution channel. The growth amongst these segments will help you analyse meagre 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.

Origin

• Natural
• Biosynthetic

Active Ingredients

• Acid Based
• Extract Based
• Protein Hydrolysate
• Microbial Amendments
• Chitin
• Chitosan
• B-Vitamins
• Others

Crop Type

• Fruits and Vegetables
• Cereals and Grains
• Turf and Ornamentals
• Oilseeds and Pulses
• Other Crops

Application

• Foliar Treatment
• Soil Treatment
• Seed Treatment

Form

• Liquid
• Dry

End users

• Farmers
• Related Industries
• Research Institutes
• Others

Distribution channel

• Direct
• Indirect

Competitive Landscape and Biostimulants Market Share Analysis

The biostimulants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America 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 related to California biostimulants market.

Some of the major players operating in the biostimulants market are:

• Bell Flavors and Fragrances (U.S.)
• Rutland Biodynamics Ltd. (U.K.)
• Prakruti Products (India)
• Ambe Phytoextracts Pvt. Ltd. (India)
• The Green Labs LLC (U.S.)
• Berje, Inc. (U.S.)
• Umalaxmi Organics Pvt. Ltd. (India)
• DSM (Netherlands)
• GrainCorp (Australia)
• Malteurop (France)
• Rahr Corporation (U.S.)
• Boortmalt (Belgium)
• Indesso (Spain)
• Lipoid Kosmetic AG, (Germany)
• The Herbarie at Stoney Hill Farm, Inc. (U.S.)
• International Flavors and Fragrances, Inc. (U.S.)

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