Biostimulants Market Size - By Active Ingredient, By Application, By Crop Type, By Formulation - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Biostimulants Market Size - By Active Ingredient, By Application, By Crop Type, By Formulation - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Global Biostimulants Market Overview

According to SPER Market Research, the Global Biostimulants Market is estimated to reach USD 10.89 billion by 2032 with a CAGR of 12.02%. Biostimulants are chemicals or microbes that are added to soil, seeds, or plants to encourage the growth of natural processes that increase nutrient uptake and abiotic stress resistance. Utilizing biostimulants comes with a number of advantages. They can improve biological efficiencies when selected and used properly, leading to the development of a better crop with more nutrients and output at a higher yield. Biostimulants are incredibly helpful in reducing agricultural stress. The plant can continue to develop and provide a better return on investment if abiotic stress is reduced.

Impact of COVID-19 on the Global Biostimulants Market

The Covid-19 outbreak had varying degrees of effect on almost every industry, including agriculture. Several nations implemented full or partial lockdowns to stop the disease's spread, which originally slowed production and disrupted the product's supply chain. Biostimulants are made from a variety of basic materials, including protein hydrolysates, amino acids, and others. Transporting these raw materials was challenging due to the stringent travel limits put in place during the early stages of the pandemic outbreak.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Active Ingredient, By Application, By Crop Type, By Formulation
Regions covered Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Valagro SpA, Sapec Agro S.A., Platform Specialty Products Corp., Novozymes A/S, Koppert B.V., Italpollina SAP, Isagro Group, Biostadt India Ltd., Biolchim SpA, BASF SE, Hello Nature, Lallemand, Agriculture Solutions Inc.

Global Biostimulants Market Segmentation:

By Active Ingredient: Based on the Active Ingredient, Global Biostimulants Market is segmented as; Amino Acid, Humic Substances, Microbial Amendments, Seaweed Extracts, Others

By Application: Based on the Application, Global Biostimulants Market is segmented as; Foliar treatment, Seed treatment, Soil treatment, Others

By Crop Type: Based on the Crop Type, Global Biostimulants Market is segmented as; Cereals & Grains, Fruits & Vegetables, Oil Seeds & Pulses, Others

By Region: The Global Biostimulants Market Report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States.