Biostimulants Market by Form (Dry, Liquid), Ingredient (Amino Acid, Humic Substance, Microbial Amendment), Crop, Application - Global Forecast 2024-2030
The Biostimulants Market size was estimated at USD 4.08 billion in 2023 and expected to reach USD 4.56 billion in 2024, at a CAGR 11.85% to reach USD 8.95 billion by 2030.
Biostimulants encompass a diverse group of products that enhance plant growth, nutrient efficiency, abiotic stress tolerance, and overall crop quality. Biostimulants are typically derived from natural or biological sources such as nutrients, pest control, or fertilizers to improve agricultural production. Biostimulants contain ingredients such as seaweed extracts, humic acids, amino acids, microorganisms, and others. These products have become an integral component of sustainable agriculture, using them in various crops, including fruits & and vegetables, cereals & grains, and oilseeds & pulses. The end-users of biostimulants range from small-scale farms to large agricultural operations, adapting to both organic farming methods and conventional agriculture. The biostimulant market is expanding as these innovative, natural-origin products gain traction with an upsurge in eco-conscious farming, supportive regulations, and breakthroughs in agrotech. However, the high costs of producing biostimulants and lack of standardization impede market penetration. Continual research in developing new and highly effective biostimulant solutions, the mode of delivery, and reduced production expenses present lucrative opportunities for industry growth.
Regional Insights
The biostimulants market in the Americas has been experiencing a consistent growth trend, attributed primarily to the increasing adoption of sustainable agricultural practices. The United States contributed majorly to the regional market, attributed to technological advancements and a growing organic farming sector. Additionally, governmental initiatives aiming to increase agricultural output favorably influence the region's biostimulants market. In the EMEA region, Europe is the largest region for biostimulants, with regulatory support for environmentally friendly farming practices and high awareness among farmers about the advantages of biostimulants. The implementation of the European Green Deal is further promoting the usage of biostimulants. The Middle East and Africa are presenting emerging growth potential, spurred by the demand for enhanced water usage efficiency in agriculture and the need to combat desertification and climate change impacts on agriculture. Asia-Pacific is anticipated to be the fastest-growing market for biostimulants, with the region's large agricultural sector, the necessity for high crop productivity, and increased awareness of the benefits of biostimulants. Furthermore, government initiatives in these countries to support sustainable agriculture and improve soil health further stimulate the growth of biostimulants.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Biostimulants Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing investments and expansion of the agriculture sector
- Expanding sustainable approach in the agriculture sector for enhancing crop quality
- Government initiatives to support biostimulants
- Market Restraints
- High cost of development of biostimulants
- Market Opportunities
- New developments in the biostimulant solutions
- Growing importance of biostimulants from ornamental horticulture and floriculture
- Market Challenges
- Farmer awareness issues with biostimulants
- Market Segmentation Analysis
- Form: Preferences for liquid formulations from large-scale farming operations for precision and ease of integration into existing irrigation system
- Ingredient: High demand for humic substances to enhance soil properties and benefit long-term land productivity
- Crop: Growing adoption of biostimulants for fruits and vegetables, centered on factors that affect consumer appeal
- Application: Significant benefits of foliar treatment for responsive and fast-acting interventions
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Biostimulants Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Biostimulants Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Yara Launches New Biostimulants Brand
Yara International ASA unveiled YaraAmplix, an innovative line of biostimulants designed to bolster crop resilience and nutrient utilization amidst escalating climate stressors. YaraAmplix signifies a pivotal advancement in regenerative agriculture, promoting environmental stewardship and agricultural prosperity in tandem.
Cubic Grow and PlantoSys Partner to Expand Biostimulant Solutions
Cubic Grow BV partnered with PlantoSys Nederland BV to revolutionize the horticultural market with superior biostimulant offerings. Leveraging PlantoSys's ground-breaking approach to natural-based biostimulants and advanced fertilizers, this collaboration promises to enrich plant vitality and endurance.
Toopi Organics Lands USD 17 Million to Turn Urine into Crop Biostimulants
Toopi Organics secured a significant investment of Euro 16 million (USD 17.2 million) to advance their pioneering work in urine-based biostimulants, which are poised to transform farming practices by decreasing reliance on traditional mineral fertilizers. These fresh funds propel Toopi Organics' strategic growth initiatives, notably expanding its urine collection network, introducing three novel urine-based product lines, and constructing two cutting-edge industrial facilities.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Biostimulants Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Biostimulants Market, highlighting leading vendors and their innovative profiles. These include Acadian Seaplants Limited, Agricen by Nutrien, AgriLife (India) Private Limited, Agrinos, Agritecno Fertilizantes SL, Andermatt Group AG, Apple Agro, Atlántica Agrícola, S.A., Axeb Biotech SL, BASF SE, Bayer AG, BioAtlantis Ltd., Biobest Group NV, BIOIBERICA S.A.U., Biolchim S.p.A. by J.M. Huber Corporation, Bionema Limited, BioSafe Systems, LLC, BIOVERT S.L. by Sustainable Agro Solutions, S.A.U., Coromandel International Limited, Corteva, Inc., Dora Agri-Tech, Emery Oleochemicals LLC, Evonik Industries AG, FMC Corporation, Futureco Bioscience, Haifa Group, Hello Nature International Srl, INTERMAG sp. z o. o, Isagro S.p.A. by Gowan Company, LLC, Kelp Products International, Koppert B.V., LawrieCo, MAFA Bioscience S.A., Mitsui & Co., Ltd., Novozymes A/S, Nufarm Limited, Nutri-Tech Solutions Pty Ltd., Olmix SA, OMEX Agriculture Ltd., Peptech Biosciences Ltd., PlantoSys Nederland B.V., Pro Farm Group Inc. by Bioceres Crop Solutions Corp., Russell IPM Ltd., SEIPASA, SA, Solvay SA, Sumitomo Chemical Co., Ltd., Syngenta AG, T.Stanes and Company Limited, Toopi Organics, Trade Corporation International, S.A., UPL Limited, Vegalab SA, Verdesian Life Sciences LLC, Yara International ASA, and Éléphant Vert France.
Market Segmentation & Coverage
This research report categorizes the Biostimulants Market to forecast the revenues and analyze trends in each of the following sub-markets:- Form
- Dry
- Liquid
- Ingredient
- Amino Acid
- Humic Substance
- Microbial Amendment
- Seaweed Extracts
- Crop
- Cereals & Grains
- Corn
- Rice
- Wheat
- Fruits & Vegetables
- Oilseeds & Pulses
- Turfs & Ornamentals
- Application
- Foliar Treatment
- Seed Treatment
- Soil Treatment
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Cereals & Grains
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing investments and expansion of the agriculture sector
- 5.1.1.2. Expanding sustainable approach in the agriculture sector for enhancing crop quality
- 5.1.1.3. Government initiatives to support biostimulants
- 5.1.2. Restraints
- 5.1.2.1. High cost of development of biostimulants
- 5.1.3. Opportunities
- 5.1.3.1. New developments in the biostimulant solutions
- 5.1.3.2. Growing importance of biostimulants from ornamental horticulture and floriculture
- 5.1.4. Challenges
- 5.1.4.1. Farmer awareness issues with biostimulants
- 5.2. Market Segmentation Analysis
- 5.2.1. Form: Preferences for liquid formulations from large-scale farming operations for precision and ease of integration into existing irrigation system
- 5.2.2. Ingredient: High demand for humic substances to enhance soil properties and benefit long-term land productivity
- 5.2.3. Crop: Growing adoption of biostimulants for fruits and vegetables, centered on factors that affect consumer appeal
- 5.2.4. Application: Significant benefits of foliar treatment for responsive and fast-acting interventions
- 5.3. Market Trend Analysis
- 5.3.1. Sustainable agricultural practices, heightened environmental consciousness, and supportive government policies in the Americas
- 5.3.2. Growing focus on enhancing urban nurseries and forestry coupled with supportive government regulations in the APAC region
- 5.3.3. Expanding research & development activities for the development of biostimulants with rising government funding in the EMEA region
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter’s Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework Analysis
- 5.9. Client Customization
- 5.9.1. Prices Analysis of Biostimulants
- 6. Biostimulants Market, by Form
- 6.1. Introduction
- 6.2. Dry
- 6.3. Liquid
- 7. Biostimulants Market, by Ingredient
- 7.1. Introduction
- 7.2. Amino Acid
- 7.3. Humic Substance
- 7.4. Microbial Amendment
- 7.5. Seaweed Extracts
- 8. Biostimulants Market, by Crop
- 8.1. Introduction
- 8.2. Cereals & Grains
- 8.3. Fruits & Vegetables
- 8.4. Oilseeds & Pulses
- 8.5. Turfs & Ornamentals
- 9. Biostimulants Market, by Application
- 9.1. Introduction
- 9.2. Foliar Treatment
- 9.3. Seed Treatment
- 9.4. Soil Treatment
- 10. Americas Biostimulants Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Biostimulants Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Biostimulants Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Yara Launches New Biostimulants Brand
- 13.3.2. Cubic Grow and PlantoSys Partner to Expand Biostimulant Solutions
- 13.3.3. Toopi Organics Lands USD 17 Million to Turn Urine into Crop Biostimulants
- 13.3.4. Syngenta Launches ERGER, a New Biostimulant, to Break Fruit Crop Dormancy in Brazil
- 13.3.5. Sustainable Agro Solutions Announces the Acquisition of Biovert
- 13.3.6. Yara to Build New Global Plant for Specialty Fertilizers and Biostimulants
- 13.3.7. New Biostimulant Seed Treatment Set to Boost Wheat Yields with Reduced Fertilizer Use
- 13.3.8. Mitsui & Co. Ltd. to Acquire a Share of Irish Biostimulants Manufacturing Company CB-Agri
- 13.3.9. Bayer AG and Kimitec Group Join Forces to Bring the Next Generation of Biologicals to Millions of Growers Worldwide
- 13.3.10. ADM Launches Crop Biostimulant
- 13.3.11. Huber to Acquire Biostimulants Company Biolchim Group
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
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