Market Size of china biostimulants Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2017 - 2029 | |
Market Size (2024) | USD 217.04 Million | |
Market Size (2029) | USD 384.29 Million | |
Largest Share by Form | Humic Acid | |
CAGR (2024 - 2029) | 12.10 % | |
Fastest Growing by Form | Amino Acids | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China Biostimulants Market Analysis
The China Biostimulants Market size is estimated at 217.04 million USD in 2024, and is expected to reach 384.29 million USD by 2029, growing at a CAGR of 12.10% during the forecast period (2024-2029).
217.04 Million
Market Size in 2024 (USD)
384.29 Million
Market Size in 2029 (USD)
2.48 %
CAGR (2017-2023)
12.10 %
CAGR (2024-2029)
Largest by Form
25.52 %
value share, Humic Acid, 2023
Humic acid is the most consumed biostimulant in china. Row crops dominated the humic acid segment of the biostimulants market with a share of 82.4% in the year 2022.
Fastest by Form
14.26 %
Projected CAGR, Amino Acids, 2024-2029
Amino acids plays important role in enhancing plant productivity especially, under stress conditions. Row crops dominated the amino acids market with a share of 82.2% in 2022.
Largest by Crop Type
82.34 %
value share, Row Crops, 2023
Row crops dominated the China biostimulants market. The major row crops produced in China include rice, barley, corn, millet, oats, sorghum, wheat, soybeans, and sunflowers.
Fastest by Crop Type
12.36 %
Projected CAGR, Cash Crops, 2024-2029
The major cash crops grown in China include sugarcane, tea, cotton and tobacco. Humic acids are the most consumed biostimulants by cash crops with a share of 25.1% in 2022.
Leading Market Player
3.42 %
market share, Biolchim SpA, 2022
BiolChim SPA offers biostimulants that are based on phytohormones, Algae amino acids, and fulvic acids under the brand names Bio Energy, NOV, Algaton, and Sunred .
- The biostimulant market in China consists of many active ingredients such as humic acid and fulvic acid, amino acids, protein hydrolysates, seaweed extracts, and other biostimulants like organic plants and animal derivatives.
- In 2022, humic acid dominated the Chinese biostimulants market, accounting for about 25.2% and 28.9% of the total market by value and volume, respectively. Humic acid helps improve the root system of crops such as soybean, wheat, rice, and maize; vegetable crops such as potato, tomato, cucumber, and pepper; fruit crops such as citrus (Citrus limon) and grape (Vitis vinifera). Humic acid promotes shoot growth in crops like cucumber, tomato, leeks, peas, wheat, maize, and pepper.
- In China, amino acids accounted for 24.2% of the total biostimulants market value in 2022. The consumption volume of amino acid biostimulants is expected to increase by 49.1% between 2022 and 2029, from 5.0 thousand metric tons in 2022 to 7.4 thousand metric tons in 2029. This is mainly due to the increasing trend in adopting sustainable or organic agriculture in the country.
- Seaweed extracts accounted for 11.3% of the Chinese biostimulants market in 2022. Seaweed extracts biostimulants are expected to witness the fastest growth rate compared to other types of biostimulants as seaweed biostimulants can be prepared in a circular and sustainable way and can be mixed with other ingredients as a part of fertilizer. They offer specificity of action to improve the yield of crops.
- Despite the potential positive effects on different crops, there is little knowledge of the impacts of biostimulants on commercially grown crops like citrus and strawberry and vegetables like tomato and capsicum.