Global Market for Biostmulants is Anticipated to grow at a Significant Pace i.e., USD 5.9 Billion during the Forecast Period 2021-2027

Published Date: Dec, 2021

The global biostimulants market is expected to grow at a significant rate i.e., at  a CAGR of 12.3% during the forecast period 2021-2027 owing to the increasing demand for eco-friendly agro products globally. The increasing need to produce more crop, mounting demand to produce high-quality food having high nutritional value, rising organic farming and demand for organic food, advantages offered by biostimulants in crop production, rapid soil degradation, raising awareness about environmental safety by adopting biostimulants will accelerate the growth of the biostimulants market. Nevertheless, the expansion and product launch will provide promising opportunities for the growth of the biostimulants markets. Thus, increasing awareness about the ill effects of synthetic fertilizers along with initiatives taken by the government to promote biostimulants will provide opportunities for growth in the biostimulants market.

Gowan has finalized the purchase of Isagro S.p.A. Gowan will integrate Isagro's business and expand Gowan’s commercial opportunities, deepen scientific skills, and introduce chemical synthesis. Thus, expanding the base position of several active ingredients such as copper hydroxide/oxychloride, tetraconazole, and kiraluxil.

The COVID-19 crisis has reduced the investment in the agriculture sector globally owing to lack of workforce, failure to access markets, disruption in the supply chain, delay in deliveries, and lack of biostimulants. However, in the post-COVID-19 era, might boost biological investment, enhance sustainable crop production, and ensure a robust crop production supply chain, thereby driving the growth of the biostimulants market.  

Browse 53 market data Tables and 35 Figures spread through 200 Pages and in-depth TOC on " Biostimulants Market by Active  Ingredients (Acid-Based (Humic Acid, Amino Acid, and Fulvic Acid), Extract-Based (Seaweed Extracts and Other Botanical Extracts), Microbial Amendments, Trace Minerals and Vitamins, and Others), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turfs & Ornamentals, and Others), by Formulation (Liquid Formulation (Suspension Concentrates, Soluble Liquid Concentrates, and Emulsifiable Concentrates) and Dry Formulation (Dry Granules, Wettable Powder, and Water Dispersible)), and Region - Global Forecast to 2027"

By active ingredients, the seaweed extract segment is projected to witness fast growth during the forecast period.

Based upon active ingredients, the global biostimulants market is divided into acid-based, extract-based, microbial amendments, trace minerals and vitamins, and others. The acid-based segment is further divided into humic acid, amino acid, and fulvic acid. The extract-based segment is sub-divided into seaweed extracts and other botanical extracts. Seaweed extract is anticipated to have fast growth as it improves soil fertility, an essential component in organic farming, and enhances crop productivity under different environmental stress conditions. Moreover, its application enhances soil structure and aeration, improves biotic and abiotic stress tolerance, increases seed germination, and stimulates root growth, flower set, and fruit production.

Global Biostimulants Market Segmentation Analysis

Segment

Categorization

Leading Category

Active Ingredients

Acid-Based (Humic Acid, Amino Acid, and Fulvic Acid), Extract-Based (Seaweed Extracts and Other Botanical Extracts), Microbial Amendments, Trace Minerals and Vitamins, and Others

Acid-Based (Largest)

Seaweed Extracts (Fastest)

Crop Type

Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turfs & Ornamentals, and Others

Fruits & Vegetables (Largest)

Cereals & Grains (Fastest)

Formulation

Liquid Formulation (Suspension Concentrates, Soluble Liquid Concentrates, and Emulsifiable Concentrates) and Dry Formulation (Dry Granules, Wettable Powder, and Water Dispersible)

Liquid Formulation (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Europe (Highest)

Asia-Pacific (Fastest)

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“Europe is expected to have significant share during 2021-2027.”

Europe is expected to have a significant share in the biostimulants market owing to the increasing concern over harmful chemicals on the environment, rising demand for organic food, mounting R&D initiatives on biostimulants, and the presence of a large number of biostimulants providers.

Some of the major players in the global biostimulants market include BASF SE, UPL, Valagro, Gowan Company, FMC Corporation, ILSA S.p.A, Rallis India Limited, Haifa Negev technologies LTD, EuroChem Group, and Bayer AG.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Active Ingredients, Crop Type, Formulation, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

BASF SE, UPL, Valagro, Gowan Company, FMC Corporation, ILSA S.p.A, Rallis India Limited, Haifa Negev technologies LTD, EuroChem Group, and Bayer AG.

Global Biostimulants Market Coverage

Active Ingredients Insight and Forecast 2015-2027

  • Acid-Based
    • Humic Acid
    • Amino Acid
    • Fulvic Acid
  • Extract-Based
    • Seaweed Extracts
    • Other Botanical Extracts
  • Microbial Amendments
  • Trace Minerals and Vitamins
  • Others

Crop Type Insight and Forecast 2015-2027

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Turfs & Ornamentals
  • Others

Formulation Insight and Forecast 2015-2027

  • Liquid Formulation
    • Suspension Concentrates
    • Soluble Liquid Concentrates
    • Emulsifiable Concentrates
  • Dry Formulation
    • Dry Granules
    • Wettable Powder
    • Water Dispersible

Geographical Segmentation

Biostimulants Market by Region

North America

  • By Active Ingredients
  • By Crop Type
  • By Formulation
  • By Country – U.S., Canada, and Mexico

Europe

  • By Active Ingredients
  • By Crop Type
  • By Formulation
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Active Ingredients
  • By Crop Type
  • By Formulation
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Active Ingredients
  • By Crop Type
  • By Formulation
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

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Global Market for Biostmulants is Anticipated to grow at a Significant Pace i.e., USD 5.9 Billion during the Forecast Period 2021-2027