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Biostimulant Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Biostimulant Market is segmented by Origin (Natural and Biosynthetic Biostimulants), Active Ingredient (Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts, and Other Active Ingredients), Application (Foliar, Soil, and Seed), Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Crop Types), and Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Market Snapshot

Biostimulant
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: Europe
CAGR: 11.71 %

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Market Overview

The biostimulant market was valued at USD 2,638 million in 2020, and it is projected to reach USD 5,040 million by 2026, registering a CAGR of 11.71% during the period of 2021-2026.

As a result of the recent COVID-19 pandemic, the supply and demand got poorly hit, and this has led to reduced demand for products in the market. Most of the biostimulant plants and companies were allowed for operation, as they were deemed as an essential business in the United States. Therefore, companies were able to continue manufacturing products. However, the pandemic did affect the market dynamics in terms of demand falling off for some crops in the wake of the virus.

The organic food industry, which is growing at a healthy rate, is the major driving force behind the growth of the biostimulant market. Increased awareness among the farmers, especially in the Asia-Pacific region, regarding the benefits of biostimulants is another factor augmenting the market's growth. The market is also growing due to the increased adoption of sustainable farming methods.

Europe is the largest geographical segment of the market studied. The increasing concern on environmental health is anticipated to aid the growth in the market over the forecast period. Biostimulants are widely used on cereals, fruits, and vegetables. These segments account for around half of the market share. The demand from the North American region is driven by the demand from the turf and ornamental segment of the region.

UPL Corporation Limited, Tradecorp International, and Biostadt India Ltd cover the majority of the market share. Acquisitions, partnerships, and investments are the most adopted strategies in the market.

Scope of the Report

A biostimulant is a substance or a microorganism, which helps enhance the growth of the plant. It does not serve nutrient deficiency. Instead, it increases nutrient availability, water holding capacity, metabolism, and the production of chlorophyll. The biostimulant market is segmented by chemical origin (natural and biosynthetic biostimulants), active ingredient (humic acid, fulvic acid, amino acids, protein hydrolysates, seaweed extracts, and other active ingredients), application (foliar, soil, and seed applications), crop type (grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other applications), and geography (North America, Europe, Asia-Pacific, South America, and Africa).

Origin
Natural Biostimulants
Biosynthetic Biostimulants
Active Ingredient
Humic Acid
Fulvic Acid
Amino Acids
Protein Hydrolysates
Seaweed Extracts
Other Active Ingredients
Application
Foliar
Soil
Seed
Crop Type
Grains and Cereals
Pulses and Oilseeds
Commercial Crops
Fruits and Vegetables
Other Crop Types
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Expansion in Organic Production Practice is Driving the Market

Biostimulants are significant for the future of the agricultural industry in terms of promoting organic practices. Biostimulants can enhance soil microflora, which, in turn, helps make the uptake of nutrients more efficient. Others increase antioxidant activity in plants and boost internal defenses against environmental stresses and disease pressure. Biostimulants are associated with organic farming and gardening, which are currently witnessing healthy progress in conventional agriculture as well. These are increasingly being perceived as a response to the consumer demand for ‘softer’ agricultural practices.

In response to the increasing need to meet food sufficiency and the importance of safe farming practices, the organic food industry is recording an exponential double-digit growth rate. The expanding health-conscious consumer base around the world is opting for organic food to avoid adverse health effects caused by chemical preservatives or genetically modified ingredients of inorganic food.

Organic food and related agriculture currently account for around 5.0%-10.0% of the food market, varying from region to region. According to FiBL, the organic area share of total farmland in Europe increased from 2.7% in 2016 to 3.12% in 2018. Similarly, the organic area share of total farmland in Latin America increased from 0.99% in 2016 to 1.06% in 2018. As organic food products are produced without using any pesticide or fertilizer, the demand for biostimulants on the rise. Consequently, the increasing popularity of organic farming drives the demand for biostimulants.

Global Biostimulant Market

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Europe Dominates the Global Market

Europe is the largest and fastest-growing segment of the market studied, and it registered a CAGR of 12.3% in 2020. The European Union’s stringent regulations on environmental safety and support for organic farming have paved the way for a flourishing biostimulant market in European countries, such as Germany, Italy, United Kingdom, Spain, and France. For instance, in Germany, the German Federal Office of Consumer Protection and Food Safety (BVL) developed a regulatory framework for “plant strengtheners” (PS) that corresponds to biostimulants, as defined under Section 2.1. Commercial products containing more than 5.0% of seaweed extracts cannot be considered as PS.

In addition, inventions in plant biostimulants targeting specific agronomic needs are attracting new customers in Europe. For instance, Arysta LifeScience launched a new biostimulant that improves the quality of fruit and vegetable yields while relieving stress in the United Kingdom in 2017. The product contains GA142, an active ingredient found in seaweed harvested in North Brittany, where the tides are some of the highest in the world. The GA142 is extracted within 24 hours using a unique cold manufacturing process to retain fresh seaweed's active characteristics and ensure a consistently high-quality product. 

Biostimulant Market

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Competitive Landscape

The biostimulant market is highly fragmented, with various small and medium-sized companies and a few big players, resulting in stiff competition in the market. The development of regional markets and local players in different parts of the world is the major factor for the fragmented nature of the market. North America and Europe are the two regions showing maximum competitor activities. The major companies in the biostimulant market include UPL Limited, Biostadt India Limited, Agrinos AS, Valagro SpA, and Ilsa SpA, among others.

Recent Developments

In February 2020, UPL partnered with Novozymes to provide biological products in the Argentinian market. Biological products made by Novozymes and marketed under the Nitragin brand will become part of UPL’s portfolio, providing a complete range of biosolutions products.

In July 2019, Valagroformed a research collaboration with Marrone Bio Innovations, a developer of bio-based products for pest management and plant health. This strategic collaboration will deliver the development of advanced products, including biostimulants and biofertilizers with value-added tech-based services to farmers globally.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study and Market Definition

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitutes

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Origin

      1. 5.1.1 Natural Biostimulants

      2. 5.1.2 Biosynthetic Biostimulants

    2. 5.2 Active Ingredient

      1. 5.2.1 Humic Acid

      2. 5.2.2 Fulvic Acid

      3. 5.2.3 Amino Acids

      4. 5.2.4 Protein Hydrolysates

      5. 5.2.5 Seaweed Extracts

      6. 5.2.6 Other Active Ingredients

    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 Grains and Cereals

      2. 5.4.2 Pulses and Oilseeds

      3. 5.4.3 Commercial Crops

      4. 5.4.4 Fruits and Vegetables

      5. 5.4.5 Other Crop Types

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

        4. 5.5.1.4 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Spain

        5. 5.5.2.5 Italy

        6. 5.5.2.6 Russia

        7. 5.5.2.7 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 Rest of Asia-Pacific

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Africa

        1. 5.5.5.1 South Africa

        2. 5.5.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 UPL Limited

      2. 6.3.2 Isagro SpA

      3. 6.3.3 Agrinos AS

      4. 6.3.4 Ilsa SpA

      5. 6.3.5 Biostadt India Ltd

      6. 6.3.6 Valagro SpA

      7. 6.3.7 Eastman Chemical Company

      8. 6.3.8 Lallemand Inc.

      9. 6.3.9 Atlantica Agricola SA

      10. 6.3.10 Italpollina SpA

      11. 6.3.11 Koppert Biological Systems

      12. 6.3.12 Micromix Plant Health Ltd

      13. 6.3.13 Omex Agrifluids Ltd

      14. 6.3.14 Tradecorp International

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Biostimulant Market market is studied from 2016 - 2026.

The Biostimulant Market is growing at a CAGR of 11.71% over the next 5 years.

The Biostimulant Market is valued at 2638 Million USD in 2016.

The Biostimulant Market is valued at 5040 Million USD in 2026.

Europe is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Biostadt India Ltd., Agrinos AS, Valagro SpA, UPL Limited, Ilsa SpA. are the major companies operating in Biostimulant Market.

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