According to IMARC Group’s latest report, titled “Biostimulants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global biostimulants market size reached US$ 2.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.55 Billion by 2027, exhibiting a CAGR of 11.48% during 2022-2027.
Biostimulants represent microbe-based agricultural chemicals that are used to stimulate plant growth organically. They are manufactured using various active ingredients, such as seaweed extracts, amino acids, vitamins, humic and fulvic acids, trace minerals, polysaccharides, and microbial amendments. Biostimulants are applied to the seed, soil, or leaves of fruits, vegetables, oilseeds, cereals, grains, and other plantation crops to enhance the tolerance to environmental stresses, water holding capacity, nutrient availability, metabolism, and production of chlorophyll. They also increase the antioxidant activity and encourage cell enlargement and root development in the plant. As a result, biostimulants find extensive utilization among farmers and research organizations.
Market Trends and Drivers:
The expanding agriculture industry and the emerging trend of organic farming practices are among the primary factors driving the biostimulants market. Besides this, the rising awareness in individuals toward the adverse effects of chemically synthesized pesticides and fertilizers is further augmenting the market growth. Moreover, the escalating demand for biostimulants with organic manure to improve soil fertility and plant health, owing to the increasing concerns regarding agricultural sustainability, soil health, and environmental safety, is also catalyzing the global market. Apart from this, the growing product popularity, as it has a low ecological footprint, non-toxic nature, and does not contaminate the soil, is acting as another significant growth-inducing factor. Additionally, the escalating demand for food, on account of the inflating global population and the limited availability of cultivable land, is also stimulating the market growth. Furthermore, various innovations in the field of agricultural sciences and the extensive research and development (R&D) activities are expected to bolster the biostimulants market in the coming years.
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Biostimulants Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the biostimulants market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Agrinos AS
- Adama LTD.
- BASF SE
- Bayer
- Biolchim SpA.
- Biostadt India Ltd.
- Isagro
- Italpollina SpA
- Koppert B.V.
- Novozymes
- Syngenta
- Valagro SpA
Key Market Segmentation:
The report has segmented the global biostimulants market based on product type, crop type, form, origin, distribution channel, application, end user and region.
Breakup by Product Type:
- Acid-Based:
- Humic Acid
- Fulvic Acid
- Amino Acid
- Extract-Based:
- Seaweed Extract
- Other Plant Extracts
- Others:
- Microbial Soil Amendments
- Chitin & Chitosan
- Others
Breakup by Crop Type:
- Cereals and Grains
- Fruits and Vegetables
- Turf and Ornamentals
- Oilseeds and Pulses
- Others
Breakup by Form:
- Dry
- Liquid
Breakup by Origin:
- Natural
- Synthetic
Breakup by Distribution Channel:
- Direct
- Indirect
Breakup by Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
Breakup by End-User:
- Farmers
- Research Organizations
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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