Asia-Pacific Biostimulant Market - Market Growth, Trends and Forecast (2020 - 2025)

The Asia-Pacific Biostimulant Market report analyses the biostimulant industry size and shares, market trends, industry attractiveness, competitiveness and forecast to 2025. The report includes segmentation on the basis of active ingredients, crop type, application and the various types of biostimulants prevailing in the market. The report also presents an in-depth analysis of all the major countries across Asia-Pacific including India, China, Japan, and Australia.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

12.3 %

Major Players:

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Market Overview

The Asia Pacific Biostimulant market valued at USD 310.7 million in 2019 is estimated to register a CAGR of 12.3% during the forecast period. 

  • The rising demand for organic food products and the growing awareness about the high-grade crop quality and environmental sustainability have majorly driven the biostimulant market across the Asia-Pacific region. 
  • China is the largest market for biostimulants accounting for 33% of the total market share across the Asia-Pacific region in 2019. The increasing number of conscientious consumers and a well-organized organic farming system has positioned China as one of the leading biostimulant consumers in the world. 
  • The Asia-Pacific biostimulant market is highly fragmented with the presence of global players and a few regional players intensifying the overall competition in the biostimulant market. Some of the notable players in the region are Biostadt India Limited, Novozymes, Isagro SpA, Corteva Agriscience, Corteva Agriscience, Agrinos, Arysta LifeScience Corporation, Valagro SpA, Biolchim SPA among others. 

Scope of the Report

Agricultural biostimulants include a diverse mixture of compounds, substances, and microorganisms that improve the crop vigor, yield, and quality. They are a pivotal source for enhancing plant growth and development resulting in tolerance to abiotic stresses and increased farm yields. The scope of the biostimulant market report includes segmentation on the basis of crop type into cereals, oilseeds, fruits and vegetables, turf and ornaments, and other crops and biostimulant type into natural and biosynthetic biostimulants. The report also includes segmentation based on active ingredients into humic acid, fulvic acid, amino acid, seaweed extract, and others, and application-based biostimulants into foliar, soil, and seed. The scope of the report further extends to a geographical analysis covering all the major countries across Asia-Pacific. 

Active Ingredient
Humic Acid
Fulvic Acid
Amino Acid
Protein Hydrolysate
Seaweed Extract
Others
Type
Natural Biostimulant
Biosynthetic Biostimulant
Application
Foliar
Soil
Seed
Crop Type
Cereal
Oilseed
Fruit & Vegetable
Turf & Ornament
Others
Geography
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific

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Key Market Trends

Propitious Organic Food Industry Driving the Market

The Asia-Pacific biostimulant market is primarily driven by the growing demand for organic food products across the region. Microbial biostimulants that augment organic properties in plants are an important source to uphold the benefits of sustainable agriculture. Asia-Pacific accounted for about 20% of the total global biostimulants market in 2019 with the fastest growing markets located in India and China. Although the organic processed food and beverage market are still burgeoning the organic food exports in India are witnessing rapid growth with total organic agricultural products exported worth USD 515 million in 2017-2018 as reported by the Agricultural and Processed Food Products Export Development Authority of India. The emerging high-income people who are increasingly concerned about nutritional value are opting for more organic food products in China, thereby pressing the need for using microbial biostimulants on crops. China ranks as the fourth largest country in the organic packaged food market by value mainly driven by the increasing land conversion rate which opens the scope for biostimulants to enter the market.

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China - The Largest Biostimulant Market in Asia-Pacific

China is the largest market in the Asia-Pacific region accounting for 33% of the total biostimulant market in 2019. The biostimulant industry is driven by the remarkable strides made by China in the overall and organic food sector to feed 20% of the world's population with extremely limited arable land. The expanding health-conscious consumer base is inclined towards high-grade natural food, thus driving the overall plant biostimulant market in the country. China's organic farming system is mostly based on organized systems rather than individual farming with an approximate 3 million hectares of farmland under organic certification, thus expanding the scope for biostimulants to aid such robust production. The certification regulations and standards set by the China National Accreditation Service for Conformity Assessment (CNAS) on crop quality has further boosted the demand for biostimulants amongst the Chinese farmers owing to the growing concerns regarding environmental sustainability. China is a leader in the deployment of biostimulants as it has the largest conglomerate in terms of the global fertilizer industry. 

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Competitive Landscape

The Asia-Pacific biostimulant market is highly fragmented with the presence of global players and a few regional players competing for a stronger customer base in the market. Some of the notable players in the region are Biostadt India Limited, Novozymes, Isagro SpA, Corteva Agriscience, Corteva Agriscience, Agrinos, Arysta LifeScience Corporation, Valagro SpA, Biolchim SPA among others. These plant biological giants have acquired and partnered with a number of other players to conduct extensive research and development in the area and innovated new product range to expand the biostimulant product portfolio in the region. For instance, Agrinos India entered into a partnership with Krishi Rasyan Exports Pvt. Ltd. (KREPL) in June 2017, an India-based agricultural company with a well-established distribution network. The partnership is set to introduce new products including a microbial stimulant, Masaki, through the KREPL distribution channel to sustainable agricultural growers in northern India. 

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Active Ingredient

      1. 5.1.1 Humic Acid

      2. 5.1.2 Fulvic Acid

      3. 5.1.3 Amino Acid

      4. 5.1.4 Protein Hydrolysate

      5. 5.1.5 Seaweed Extract

      6. 5.1.6 Others

    2. 5.2 Type

      1. 5.2.1 Natural Biostimulant

      2. 5.2.2 Biosynthetic Biostimulant

    3. 5.3 Application

      1. 5.3.1 Foliar

      2. 5.3.2 Soil

      3. 5.3.3 Seed

    4. 5.4 Crop Type

      1. 5.4.1 Cereal

      2. 5.4.2 Oilseed

      3. 5.4.3 Fruit & Vegetable

      4. 5.4.4 Turf & Ornament

      5. 5.4.5 Others

    5. 5.5 Geography

      1. 5.5.1 Asia Pacific

        1. 5.5.1.1 China

        2. 5.5.1.2 Japan

        3. 5.5.1.3 India

        4. 5.5.1.4 South Korea

        5. 5.5.1.5 Australia

        6. 5.5.1.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategies

    3. 6.3 Company Profiles

      1. 6.3.1 Biostadt India Limited

      2. 6.3.2 Novozymes

      3. 6.3.3 Isagro SpA

      4. 6.3.4 Corteva Agriscience

      5. 6.3.5 Agrinos

      6. 6.3.6 Trade Corporation International

      7. 6.3.7 Valagro SpA

      8. 6.3.8 Biolchim SPA

      9. 6.3.9 Italpollina S.p.A

      10. 6.3.10 LALLEMAND Inc.

      11. 6.3.11 Koppert Biological Systems

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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