Biostimulant Market: Meticulous Research® Uncover Reasons for Market Growth at 12.4% CAGR to $ 5.9 Billion by 2028

“The biostimulant market is expected to grow at a CAGR of 12.4% from 2021 to reach $ 5.9 billion by 2028, while in terms of volume the market is expected to grow at a CAGR of 12, 9% from 2021 to reach 864,094.7 “

Biostimulants market by active ingredients (acid-based, extract-based), mode of application (soil treatment, seed treatment), formulation (liquid, dry), type of crop (row crops, fruits and vegetables, lawns and ornamentals) – Global forecast to 2028

Biostimulants are natural preparations which improve the general health, vitality and growth of plants and protect them against infections. They can be used in agricultural and horticultural crops. The use of biostimulants on a commercial scale would limit the number of mineral fertilizers introduced into the environment, thus reducing soil, water and air pollution.

Global agriculture represents on average 21% of the global greenhouse effect, of which around 13% is affected by the effect of artificial fertilizers. A positive impact on the quality and performance of crops, no negative or harmful impact on people, animals or the environment, increased biodiversity of beneficial microorganisms and improved soil properties are the main benefits of biostimulants .

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Meticulous research® in its latest publication on the Biostimulant Market, states that in terms of value, the global biostimulant market is expected to grow at a CAGR of 12.4% from 2021 to reach $ 5.9 billion by 2028, while in terms of volume, the market is expected to grow at a CAGR of 12.9% from 2021 to reach 864,094.7 metric tons by 2028.

The growth of this market is supported by the growing need to increase crop yield and quality, the growth of organic farming and demand for organic food, the wide range of benefits of biostimulants in crop production and increasing awareness of environmental safety with the use of biostimulants. However, the lack of education and awareness among farmers and the challenges faced by new entrants and small businesses are hampering the growth of this market to some extent. Also, the scientific and technical difficulties to develop biostimulants are a major challenge for the growth of the biostimulants market.

Scope of the report:

Biostimulants Market, By Active Ingredient

  • Acid based
    • Humic acid
    • Amino acid
    • Fulvic Acid
  • Based on excerpts
    • Seaweed extracts
    • Other botanical extracts
  • Microbial changes
  • Trace elements and vitamins
  • Other active ingredients

Biostimulants Market, By Application Mode

  • Foliar spray
  • Soil treatment
  • Seed treatment

Biostimulants Market, By Formulation

  • Liquid formula
    • Suspension concentrates
    • Soluble liquid concentrates
    • Emulsifiable concentrates
  • Dry formulation
    • Dry granules
    • Wettable powder
    • Dispersible in water

Biostimulants Market, By Crop Type

  • Row crops
  • Fruits and vegetables
  • Lawns and ornamental plants
  • Other types of crops

Biostimulant market, by geography

  • Europe
    • Spain
    • France
    • Italy
    • Germany
    • UK
    • Rest of Europe (RoE)
  • North America
  • Asia Pacific
    • China
    • India
    • Australia
    • Japan
    • Rest of Asia-Pacific (RoAPAC)
  • Latin America
    • Argentina
    • Brazil
    • Chile
    • Rest of Latin America (RoLATAM)
  • Middle East and Africa

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To provide effective analysis, meticulous research® has segmented this market based on active ingredients (acid-based {humic acid, amino acid and fulvic acid}, extract-based {seaweed extract and other botanical extracts}, microbial amendments, trace elements and vitamins , and other active ingredients), method of application (foliar spray, soil treatment and seed treatment), formulation (liquid and dry), type of crop (row crops, fruits and vegetables, turf and ornamentals and other types cultures) and geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

Based on active principle, the biostimulant market is segmented into acid-based microbial amendments, based on extracts, trace elements and vitamins, and other active ingredients. Acid-based biostimulants segment is expected to account for the largest share of the biostimulants market in 2021. The significant share of this segment is mainly attributed to their easy availability, a wide range of plant benefits, and efficacy. higher. In addition, the active, acid-based ingredients enhance mineral absorption, stimulate plant growth, and improve the plant’s natural resistance to environmental stresses.

However, the extract-based biostimulants segment is expected to experience significant growth during the forecast period. The rapid growth of this segment is mainly attributed to its multiple functions, such as initiation of seed germination, growth regulation, braking of bud dormancy, fluorescence and fruit development.

Based on the formulation, tThe biostimulant market is segmented into liquid and dry. The liquid formulations segment is expected to account for the largest share of the biostimulant market in 2021. The significant share of this segment is mainly attributed to the better performance of the liquid formulation and its longer duration of effectiveness (up to 6 months). than that of the dry formulation (up to 3 months).

Depending on the type of crop, The biostimulant market is segmented into row crops, fruits and vegetables, turf and ornamentals, and other types of crops. The row crop segment is expected to account for the largest share of the biostimulant market in 2021. The large share of this segment is mainly attributed to such factors as the huge area devoted to row crops across the world, the increase of organic farming and growth the use of biostimulants instead of chemical fertilizers or pesticides. However, it is also expected to grow at the highest CAGR during the forecast period.

Depending on the mode of application, The biostimulant market is segmented into foliar spraying, soil treatment and seed treatment. The foliar spray segment is expected to account for the largest share of the biostimulant market in 2021. The large share of this segment is mainly attributed to its superior efficiency compared to other modes of application. However, the Seed Treatment segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to its advantages, including increased availability of nutrients in the rhizosphere, improved growth of roots and shoots, increased absorption of nutrients, protection against pathogens and improved efficiency of nutrient use.

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Geographical review:

Geographically, Europe is expected to account for the largest share of the global biostimulant market in 2021. The large share of this region is mainly attributed to growing concerns about chemicals harmful to the environment, growing demand for organic food, growth in R&D activities on biostimulants. , and the presence of a large number of biostimulant suppliers.

Spain is expected to dominate the European market until 2028, mainly due to the boom in its organic food industry, demand for high-quality food and the growing focus on improving fertility. soil and agricultural productivity. However, the Latin American region is expected to register the fastest growth during the forecast period, mainly due to increasing population, growing demand and popularity of organic products, environmental concerns regarding the use of agrochemicals and the growing need to increase agricultural production.

Key players

The report provides competitive insights in terms of finance, growth strategies, product portfolios and geographic presence for some of the major players operating in this market including Marrone Bio Innovations, Inc. (US), Biolchim SpA ( Italy), Bayer AG (Germany), Andermatt Biocontrol AG (Switzerland), Som Phytopharma India Limited (India), BioWorks, Inc. (United States), Novozymes A / S (Denmark), Koppert BV (Netherlands), Gowan Company, LLC. (United States), Italpollina SpA (Italy), Rovensa SA (Portugal), Biostadt India Limited (India), Olmix SA (France), FMC Corporation (United States), Syngenta AG (Switzerland), BASF SE (Germany) , BioAtlantis Ltd. (Ireland), Omex Agrifluids Limited (United Kingdom), Agrinos Inc. (United States), Plant Health Care plc (United States), Haifa Group (Israel), SICIT Group SpA (Italy) and EuroChem Group AG (Switzerland ).

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a limited liability company under the Companies Act of 1956. Since its incorporation, the company has grown into the leading provider of high-end market information in North America, Europe, Asia- Pacific, Latin America, Middle East and Africa. .

The name of our company defines our services, our strengths and our values. From the beginning, we have only made an effort to research, analyze and present critical market data with great attention to detail. Through meticulous primary and secondary research techniques, we have developed strong capabilities in data collection, interpretation and analysis, including qualitative and quantitative research with the best team of analysts. We design our market research reports, personalized studies, rapid research and consulting solutions, intelligent and value-driven, meticulously analyzed to meet the business challenges of sustainable growth.

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