Market Size of biostimulants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 4.06 Billion |
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Market Size (2029) | USD 6.60 Billion |
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Largest Share by Form | Amino Acids |
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CAGR (2024 - 2029) | 10.21 % |
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Largest Share by Region | Europe |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Biostimulants Market Analysis
The Biostimulants Market size is estimated at USD 4.06 billion in 2024, and is expected to reach USD 6.60 billion by 2029, growing at a CAGR of 10.21% during the forecast period (2024-2029).
- Amino Acids is the Largest Form. The use of amino acid-based biostimulants in different crop types have increased in staple crops like wheat, rice, soybean, and corn/maize as they play a crucial role in global food security, and enhancing their productivity is critical.
- Humic Acid is the Fastest-growing Form. Humic acid is a active ingredient of humus, the molecules present in the humic acid bind to the plant roots and help them in improving the uptake of nutrients and water.
- Row Crops is the Largest Crop Type. Due to the growing demand for agricultural productivity and food safety, biostimulant products are becoming increasingly popular in row crops like grains and cereals.
- Europe is the Largest Region. France dominated the biostimulants market in the region, adopting biostimulants instead of relying on the intensive application of chemical inputs in agriculture.
