Exploring the Biostimulants Market Size, Scope, and Future Growth Outlook
According to a Research Report Published by Spherical Insights & Consulting, The Global Biostimulants Market Size Expected to Grow from USD 3.8 Billion in 2023 to USD 10.89 Billion by 2033, at a CAGR of 11.1% during the Forecast Period 2023-2033.
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A Biostimulant is a substance or microorganism that is employed on plants, seeds, or the rhizosphere to improve plant health and growth. Global Biostimulants stimulate natural processes to increase nutrient uptake, nutrient efficiency, and crop quality and yield. The biostimulants also help plants tolerate abiotic stresses like drought, salinity, and heat. This is due to a number of causes, the biostimulant industry has grown significantly in recent years. There is pressure on agricultural systems to increase output without expanding farmed land due to the growing global population and rising food demand. Furthermore, farmers, authorities, and consumers are becoming more conscious of how conventional farming methods harm the environment. By using fewer synthetic chemicals and causing less pollution in the land and water, biostimulants offer an environmentally benign substitute.
However, crop type, soil conditions, application techniques, and environmental factors are some of the variables that might affect how effective biostimulant compounds are.
Browse key industry insights spread across 200 pages with 100 Market data tables and figures & charts from the report on the Global Biostimulants Market Size, Share, and COVID-19 Impact Analysis, By Active Ingredient (Amino Acids, Humic Substances, Seaweed Extracts, and Microbial Amendments), By Mode of Application (Soil Treatment, Foliar, and Seed Treatment), By Form (Liquid and Dry), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The seaweed extracts segment is estimated to grow at the fastest pace in the global biostimulants market during the forecast period.
The global biostimulants market is segmented into amino acids, humic substances, seaweed extracts, and microbial amendments based on the active ingredient. Among these, the seaweed extracts segment is estimated to grow at the fastest pace in the global biostimulants market during the forecast period. This is because of their many uses in a variety of crops and their many advantages; seaweed extracts have become more and more popular. Seaweed extracts’ capacity to improve crop output, stress tolerance, and general plant health has led to an increase in their use as biostimulants on a global scale.
The foliar segment is anticipated to hold the largest share of the global biostimulants market during the forecast period.
The global biostimulants market is categorized into three segments based on mode of application: soil treatment, foliar treatment, and seed treatment. Among these, the foliar segment is anticipated to hold the largest share of the global biostimulants market during the forecast period. The prototyping segment is expected to grow at the fastest CAGR during the projected timeframe. This is because they can increase crop quality, production, and stress tolerance, foliar-applied biostimulants like seaweed extracts and amino acids are frequently employed in horticultural crops, fruits, and vegetables. Its dominance in the global market for biostimulants is a result of the widespread use of foliar treatment in high-value crops.
The liquid segment is anticipated to hold the largest share of the global biostimulants market over the projected period.
Based on the form, the global biostimulants market is divided into liquid and dry. Among these, the liquid segment is anticipated to hold the largest share of the global biostimulants market over the projected period. The growth is attributable to the liquid biostimulants, which have a number of benefits, including quick absorption by plant tissues, ease of application, and compatibility with different irrigation systems. The biostimulant compounds may be distributed uniformly and precisely due to the liquid form.
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Europe is anticipated to hold the largest share of the biostimulants market during the predicted timeframe.
Europe is anticipated to hold the largest share of the global biostimulants market during the predicted timeframe. This is due to the region’s strict laws governing chemical inputs in agriculture and the rising demand for environmentally friendly farming methods, Europe is a major market for biostimulants. The European biostimulants market is largely driven by nations like Spain, Italy, France, Germany, and the Netherlands.
Asia Pacific is estimated to grow at the fastest pace in the global biostimulants market during the forecast period. Rice, fruits, vegetables, and cash crops are just a few of the many crops that make up the varied agricultural landscape of Asia-Pacific.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Global Biostimulants Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in Global Biostimulants Market are BASF SE, Koppert, Isagro Group, Biolchim S.P.A., Novozymes A/S, Valagro SpA, Biostadt India Limited, FMC Corporation, UPL Limited, Trade Corporation International, Adama Ltd., AgriTecno, Gowan Company, Haifa Group, Biovert S.L, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In March 2023, Aphea.Bio and Syngenta Crop Protection have partnered to provide a new wheat biostimulant to the European market. Over the next five years, the alliance aims to expedite the introduction of biological seed treatments into several European nations, contingent on regulatory approval.
- In January 2023, ADM announced the introduction of a novel agricultural biostimulant that boosts maize yields through more effective nutrient usage. NeoVita 43 can assist farmers in maximizing the value of available nutrients by boosting microbial activity in the rhizosphere and increasing the amount of nutrients available to plants.
- In May 2022, in order to supply biosolutions technology in the US, UPL Limited, a leader in sustainable agriculture solutions, announced a collaboration with Kimitec’s MAAVi Innovation Centre (MAAVi IC), a leader in biosolutions marketing, research, and development.
- In February 2022, LIPOFABRIK, a start-up that specializes in plant protection and biostimulant products, created PlantBoost, a novel biostimulant based on Bacillus subtilis. Belgium, France, Spain, the Netherlands, Germany, Italy, and the United Kingdom have all approved the product.
- In January 2022, Ambition, a crop supplement formulation containing fulvic and amino acids, was released for the Chinese market by Bayer AG. The company’s first amino acid biostimulant to reach the Chinese market is called Bayer’s Ambition.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Biostimulants Market based on the below-mentioned segments:
Global Biostimulants Market, By Active Ingredient
- Amino Acids
- Humic Substances
- Seaweed Extracts
- Microbial Amendments
Global Biostimulants Market, By Mode of Application
- Soil Treatment
- Foliar
- Seed Treatment
Global Biostimulants Market, By Form
- Liquid
- Dry
Global Biostimulants Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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