Global Biostimulant Market | Growth, Trends, and Forecast (2018-2023)
Biostimulant Market - Segmented by Active Ingredient, Type, Application, Crop Type, and Geography- Growth, Trends, and Forecast (2019 - 2024)

PUBLISHED

DEC 2017

Biostimulant Market - Segmented by Active Ingredient, Type, Application, Crop Type, and Geography- Growth, Trends, and Forecast (2019 - 2024)

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The Global Biostimulant Market was valued at USD 1940.0 million in 2017 and is expected to register a CAGR of 12.5% during the forecast period (2018-2023). In 2017. Europe is the largest segment of the market studied, and accounted for a share of around 42.5% of the market studied. Growth in the consumption of organic food is driving the regional market.

A plant 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. 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 segment is driving the demand for turf & ornamental biostimulants as well.

The Fastest Market Growing Segment by Active Ingredient – Seaweed Extract

The usage of seaweed as a source of organic matter and as a fertilizer in agriculture has been in practice since centuries, but its application as a biostimulant gained popularity in recent years. Seaweed extract products can be applied on soils, in hydroponic solutions, or as foliar treatments. Their polysaccharides contribute to gel formation in soils, along with water retention and soil aeration. Most commercial seaweed extracts are made from brown seaweeds, including Ascophyllum nodosum, Fucus, Laminaria, Sargassum and Turbinaria spp.

                 

Expansion of Organic Food Industry

Organic biostimulants are significant for the future of the agricultural industry, in terms of promoting organic practices. Biostimulants can enhance soil microflora, which, in turn, help 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. Biostimulants are increasingly being perceived as a response to the consumer demand for ‘softer’ agricultural practices. Organic food and related agriculture currently account for around 5.0-10.0% of the food market, varying from region to region. As organic food products are produced without using any pesticide or fertilizer, the demand for plant biostimulants is on the rise. Consequently, the increasing popularity of organic farming drives the demand for biostimulants

               

Low Innovation in Product Development

Product developments in biostimulants involve observing plants and their ecosystems. Rigorous research is required to discover new bioactive compounds, identify beneficial microorganisms, and understand how synergies provide stronger effects than any single substance or microorganism working alone. It takes around two to five years to introduce a new biostimulant product to the market, since its initial conception. There have been several developments in the biostimulants product research over the last 20 years, which is now shifting toward advanced product developments. Further, monitoring crops to decide the time and way of application during product development is a challenge. In addition, the lack of knowledge and understanding on biostimulant usage, along with regulatory constraints in most parts of the world, poses additional challenges to study, in this domain.

Key Developments of Biostimulant Market

  • Apr 2018: Biostimulant Coalition has announced that it was supporting the partnership in first agribusiness biostimulant commercecon.
  • Jun2017: US Biostimulant Coalition and BPIA together held a joint webinar to discuss the efforts around the regulatory environment regarding plant biostimulants Major Players:   Eastman Chemical Company, Arysta Lifescience Corporation,  Isagro SpA,  Lallemand Plant Care,  Agrinos AS, Atlántica Agricola, Biostadt India Ltd,  Brandt Consoliated Inc.  Ilsa SpA, Italpollina SpA, Koppert BV, Micromix Plant Health Ltd,  Omex Agrifluids Ltd,Tradecorp International, Valagro SpA , Agroenzymas Group, list not exhaustive

Metrics

Details

Industry

Biostimulant Market

Study Period

(2014 – 2023)

Market Size in 2017

USD 1,940.0 million

Market Size in 2023

  USD 3,956.0 million

Growth Rate

12.5%

Largest Market Share by Region

Europe

Key Developments

  • Apr 2018: Biostimulant Coalition has announced that it was supporting the partnership in first agribusiness biostimulant commercecon.
  • Jun2017: US Biostimulant Coalition and BPIA together held a joint webinar to discuss the efforts around the regulatory environment regarding plant biostimulants.

Companies Covered

Eastman Chemical Company, Arysta Lifescience Corporation,  Isagro SpA,  Lallemand Plant Care,  Agrinos AS, Atlántica Agricola, Biostadt India Ltd,  Brandt Consoliated Inc.Ilsa SpA, Italpollina SpA, Koppert BV, Micromix Plant Health Ltd,  Omex Agrifluids Ltd,    Tradecorp International, Valagro SpA , Agroenzymas Group, list not exhaustive  

Report Offerings

Biostimulant Market offers latest trends, growth prospects, industry competitiveness, major players, regional market share and forecast to 2023.

 

Reasons to Purchase the Report

  • To have an understanding of the fastest growing regions  in the biostimulant market and growth trends during the forecast period
  • The report outlines drives, restraints, and trends that are currently affecting the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The report covers in-detail insights about the competitors’ overview and company share analysis
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

 

                           

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Key Findings of the Study                     

2. Research Scope and Methodology                                     

                2.1 Study Deliverables                  

                2.2 Study Assumptions                 

                2.3 Research Methodology                         

                2.4 Research Phases                      

3. Biostimulant Market Overview                                       

                3.1 Introduction                               

4. Biostimulant Market Dynamics                                       

                4.1 Biostimulant Market Drivers                          

                                4.1.1 Expansion of the Organic Food Industry     

                                4.1.2 Higher Benefits with Enhanced Yield and Productivity         

                                4.1.3 Increased Emphasis on Sustainable Farming            

                4.2 Biostimulant Market Restraints                      

                                4.2.1 Less Awareness among Farmers in Developing Countries  

                                4.2.2 Less Innovation in Product Development and High R&D cost            

                                4.2.3 Unclear Legislatory Standardization of Biostimulants            

5. Biostimulant Industry Analysis                                        

                5.1 Biostimulant Market Porter's Five Forces Analysis                               

                                5.1.1 Bargaining Power of Supplier          

                                5.1.2 Bargaining Power of Buyers             

                                5.1.3 Threat of New Entrants     

                                5.1.4 Threat of Substitute Products and Services              

                                5.1.5 Degree of Competition      

6. Biostimulant Market Segmentation                                              

                6.1 Biostimulant Market By Active Ingredients                             

                                6.1.1 Humic Acid              

                                6.1.2 Fulvic Acid

                                6.1.3 Amino Acid             

                                6.1.4 Protein Hydrolysates          

                                6.1.5 Seaweed Extracts

                                6.1.6 Others      

                6.2 Biostimulant Market By Type                        

                                6.2.1 Natural Biostimulants         

                                6.2.2 Biosynthetic Biostimulants               

                6.3 Biostimulant Market By Application                           

                                6.3.1 Foliar         

                                6.3.2 Soil             

                                6.3.3 Seed          

                6.4 Biostimulant Market By Crop Type                             

                                6.4.1 Cereals     

                                6.4.2 Oilseeds   

                                6.4.3 Fruits & Vegetables             

                                6.4.4 Turfs & Ornaments              

                                6.4.5 Others      

                6.5 Biostimulant Market By Geography                           

                                6.5.1 North America       

                                                6.5.1.1 United States

                                                6.5.1.2 Canada

                                                6.5.1.3 Mexico

                                                6.5.1.4 Others

                                6.5.2 Europe      

                                                6.5.2.1 Germany

                                                6.5.2.2 United Kingdom

                                                6.5.2.3 France

                                                6.5.2.4 Spain

                                                6.5.2.5 Italy

                                                6.5.2.6 Russia

                                                6.5.2.7 Others

                                6.5.3 Asia-Pacific              

                                                6.5.3.1 China

                                                6.5.3.2 Japan

                                                6.5.3.3 India

                                                6.5.3.4 Australia

                                                6.5.3.5 Others

                                6.5.4 South America       

                                                6.5.4.1 Brazil

                                                6.5.4.2 Argentina

                                                6.5.4.3 Other

                                6.5.5 Africa                                        

                                                6.5.5.1 South Africa

                                                6.5.5.2 Others

7. Biostimulant Market Competetive Landscape                                         

                7.1 Most Adopted Strategies                     

                7.2 Most Active Companies                        

                7.3 Market Share Analysis                           

8. Biostimulant Market Company Profiles                                       

             8.1 Eastman Chemical Company

8.2 Arysta Lifescience Corporation 

8.3 Isagro SPA

8.4 Lallemand Plant Care

8.5 Agrinos AS         

8.6 Atlántica Agricola

8.7 Biostadt India Ltd                                 

8.8 Brandt Consolidated Inc.                                                                  

8.9 Ilsa SPA                                                 

8.10 Italpollina SPA                                      

8.11 Koppert BV                                         

8.12 Micromix Plant Health Ltd                 

8.13 Omex Agrifluids Ltd                                                                                                   

8.14 Tradecorp International                      

8.15 Valagro SPA                                             

             8.16 Agroenzymas Group            

9. Biostimulant Market Future of the Market                               

                9.1 Geographical Outlook                            

                9.2 Opportunities                            

10. Appendix                                    

                10.1 List of Figures                    

                10.2 List of Tables             

11. Disclaimer               

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