Biostimulants Market Analysis, Size, Growth, Share,
Trend, Outlook & Forecast 2022 - 2030
Biostimulants Market Growth & Trends
The global biostimulants market size is expected to reach USD 6.79 billion by 2030, registering a CAGR of 10.4% over the forecast period, as per the new report by Grand View Research, Inc. The industry growth is majorly driven by demeaning soil quality and rising demand for organic and high quality products. Furthermore, the growing demand for sustainable and eco friendly alternative solutions is growing significantly due to its ability to enhance the productivity of crop production. This, in turn, is likely to boost the demand for biostimulants over the forecast period. Biostimulants are any ingredients or microorganisms administered to plants to enrich sustenance efficiency, and abiotic stress tolerance, enhancing crop quality and characteristics and traits, irrespective of their nutrient content.
It helps in the production of high quality crops and thus is widely used in contemporary agricultural practices for a good and profitable yield. They also supplement the growth of plants. They are used as an additive to the plants and are different from fertilizers. Biostimulants incorporate a varied range of active ingredients, which comprise amino acids, fulvic acids, seaweed extracts, and microbes among others. In 2021, the leading active ingredient segment was acid based biostimulants. The acid based segment includes products based on fulvic, humic, and amino acids. Amino acids are among the key instigators of phytohormones aiding seed germination and stimulating the metabolic processes in plants.
Row crops & cereals were the largest crop type segment in 2021. Government support for the use of eco friendly products and increasing production output of row crops & cereals
are expected to boost the growth of this segment over the forecast period. Europe was the dominant regional market in 221, in terms of revenue, followed by North America. Asia Pacific has the highest growth potential due to the presence of emerging economies, such as India and China. The presence of stringent rules against the usage of artificial chemicals, which degrade the soil quality, has also been supplementing the growth of the market.
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Biostimulants Market Report Highlights
Europe dominated the global market in 2021; however, Asia Pacific is estimated to be the fastest growing regional market from 2022 to 2030
Acid-based biostimulants have a stronghold in the market due to their capabilities to increase plant growth, potency, and yield without harming the environment
The row crops & cereals segment is expected to grow significantly as these crops include millets, corn, barley, etc. and are grown widely across the globe
The foliar treatment application segment is estimated to grow at a significant CAGR from 2022 to 2030 due to its wide adoption in agriculture owing to its high performance efficiency
Asia Pacific region is expected to witness the fastest growth rate, in terms of revenue, from 2022 to 2030
This is attributed to the rising demand growing population and high demand for organic, fertilizer- & synthetic chemical-free produce
The market is amalgamated in nature with the presence of major players globally. The key companies use various strategies, such as capacity expansion, R&D investments, and mergers & acquisitions to gain a competitive edge over others
Biostimulants Market Segmentation
GrandViewResearchhassegmentedtheglobalbiostimulantsmarketreportbasedon activeingredients,croptype,application,andregion:
Biostimulants Active Ingredients Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 2030)
Acid based
SeaweedExtract
Microbial
Others
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Biostimulants Crop Type Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 2030)
RowCrops&Cereals
Fruits&Vegetables
Turf&Ornamentals
Others
Biostimulants Application Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 - 2030)
FoliarTreatment
SoilTreatment
SeedTreatment
Biostimulants Regional Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 - 2030)
NorthAmerica
U.S.
Germany
U.K.
Italy
AsiaPacific
China
India
Japan
List
o Australia
Central&SouthAmerica o Brazil
MiddleEast&Africa
of Key Players in Biostimulants Market
IsagroGroup
BASFSE
BiolchimSpA
SapecAgroS.A.
PlatformSpecialtyProductsCorp.
NovozymesA/S
ValagroSpA
ItalpollinaSAP
KoppertB.V.
BiostadtIndiaLtd.
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A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.
The report provides a holistic view of the Biostimulants Market
The latest product launches, along with technological changes and developments, are included in the report.
The data analysis in the report will help you understand the Biostimulants Market dynamics projected from 2022 2030
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