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

The Global Biostimulant Market is segmented By Chemical Origin into Natural and Biosynthetic Biostimulants, By Active Ingredient into Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts, and Other Active Ingredients, By Application into Foliar, Soil and Seed Applications, and By Crop Type into Grains & Cereals, Pulses & Oilseeds, Commerical Crops, Fruits and Vegetables, and Other Applications and by geography into North America, Europe, Asia-Pacific, South America, and Africa.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Europe

Largest Market:

Europe

CAGR:

13 %

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Market Overview

The Global Biostimulant Market is projected to register a CAGR of 13% during the forecast period. 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 Asia-Pacific about the benefits of biostimulants is another factor augmenting the growth of the market studied. The market is also growing due to the increased adoption of sustainable farming methods.

 Europe was 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 segment is driving the demand for turf & ornamental biostimulants as well.

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 Global Biostimulant Market is segmented By Chemical Origin into Natural and Biosynthetic Biostimulants, By Active Ingredient into Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts, and Other Active Ingredients, By Application into Foliar, Soil and Seed Applications, and By Crop Type into Grains & Cereals, Pulses & Oilseeds, Commerical Crops, Fruits and Vegetables, and Other Applications and By geography into 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
By Application
Foliar
Soil
Seed
By Crop Type
Grains & Cereals
Pulses & Oilseeds
Commercial Crops
Fruits & 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 of Organic Food Industry driving the Market

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, 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. 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. 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 plant biostimulants is on the rise. Consequently, the increasing popularity of organic farming drives the demand for biostimulants.

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Europe Dominates the Global Market

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, and France. In addition, inventions in plant biostimulants, targeting specific agronomic needs, are attracting new customers in Europe. 

Owing to the ready availability of raw materials and high effectiveness, humic acid is the largest category of biostimulants consumed and marketed in Europe. Some of the major crops where biostimulants are applied are citrus, pome fruits, grape, olives, broccoli, cabbage, carrots, cauliflower, cucumber, onion, eggplant, garlic, melons, tomato, squash, watermelon, pepper, tomato, wheat, rice, maize, oilseed, sugar beet, turf, flowers, and ornamentals.

In Germany, the German Federal Office of Consumer Protection and Food Safety (BVL) has developed a regulatory framework for “plant strengtheners” (PS) that corresponds to biostimulants. Commercial products containing more than 5.0% of seaweed extracts cannot be considered as PS. Therefore, a new regulation, specifically for biostimulants, can help in strengthening the market in the future.

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Competitive Landscape

The Global 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 Global Biostimulant Market include: UPL Limited, Biostadt India Limited, Agrinos AS, Valagro SpA., and Ilsa SpA., among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  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 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 By Application

      1. 5.3.1 Foliar

      2. 5.3.2 Soil

      3. 5.3.3 Seed

    4. 5.4 By Crop Type

      1. 5.4.1 Grains & Cereals

      2. 5.4.2 Pulses & Oilseeds

      3. 5.4.3 Commercial Crops

      4. 5.4.4 Fruits & 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 Atlántica Agricola

      10. 6.3.10 Brandt Consolidated Inc.

      11. 6.3.11 Italpollina SpA

      12. 6.3.12 Koppert Biological Systems

      13. 6.3.13 Micromix Plant Health Ltd

      14. 6.3.14 Omex Agrifluids Ltd

      15. 6.3.15 Tradecorp International

      16. 6.3.16 Agroenzymas Group

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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