United States Biostimulants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

United States Biostimulants Market is segmented by crop type (Wheat, Maize, Rice, Potato, Cucumber, Tomato, Soybean, Vineyard, and other crops) and by states.

Market Snapshot

snap
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 11.2 %

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Market Overview

United States Biostimulants Market is projected to grow at a CAGR of 11.2% during the forecast period (2020 - 2025).

  • The United States is one of the major consumers of biostimulants in North America. Biostimulants are relatively less popular. However the United States with its highly evolved agricultural sector has been adapting to the natural and organic way of farming. Hence, the region is witnessing induced consumption of biostimulants.
  • The use of biostimulants for fruits, vegetables, cereals, and pulses is growing strongly owing to changing consumption patterns of fruits and vegetables without the risk of pesticide residues and with increased nutritional value.
  • Valagro S.p.A, Acadian Seaplants, UPL Limited, Isagro S.p.A., Italpollina S.p.A, and Brandt Consolidated Inc are some of the prominent players who are operating in this market.

Scope of the Report

For the purpose of the report a biostimulant has been defined as a substance that, when applied to seeds, plants, or the rhizosphere, stimulates natural processes to enhance or benefit nutrient uptake, nutrient efficiency, tolerance to abiotic stress, or crop quality and yield.

Crop type
Wheat
Maize
Rice
Potato
Cucumber
Tomato
Soybean
Vineyard
Other crops
State Analysis
California
Florida
Texas
Missouri
Other states

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Key Market Trends

Increasing Importance of Organic Farming And Favorable Regulatory Structure

As per the United States Department of Agriculture (USDA), the total certified organic farms in the country were accounted to be 14,217 for the year 2016 and the total organic cropland was accounted to be 5,019,496 acres for the same period. There was an approximately 11% increase in the certified organic land in 2016 in comparison with last year. Hence, the increasing demand for organic products is enhancing organic cropland which will boost the production of organic crops, thereby, impacting the demand for biostimulant during the forecast period. Further the government has made necessary policies such as the Agriculture Improvement Act of 2018 (Farm Bill) in December 2018 which provides the first statutory language about plant biostimulants in any federal law in the country. This law recognizes the importance of biostimulants in the agriculture sector and supports the development of new sustainable technology for agriculture.

united-states-biostimulants-market

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Soybeans holds a Prominent Share

The United States is the largest producer of soybean in the world with 119.5 million metric tons of production as of 2017. The production of soybeans has seen a growth of 5.7% from 2015 to 2017 as per the Food and Agriculture Organization of the United Nations (FAO) statistics. Soybeans occupy a major share of the total biostimulant market in the United States by revenue. The application rate of biostimulant for the crop is around 1.0 litre per acre within the total acreage of 90.6 million acres.​In addition, the area under soybean cultivation in the United States has increased by 4.6% between 2015 to 2017. Therefore the possibility of improving the quality of its seeds is crucial, hence it is likely to boost the biostimulants market in the country. ​

united-states-biostimulants-market

Competitive Landscape

The market studied is fragmented with players such as Valagro S.p.A, Acadian Seaplants, UPL Limited, Isagro S.p.A., Italpollina S.p.A, and Brandt Consolidated Inc. are holding a minor share in the total market. However, these players are strengthening their position by adopting various strategies such as expansions, partnerships to consolidate their position in the market. In Nov 2016, The UPL Limited signed an agreement with Beem Biologics Inc., in which Arysta LifeScience licenses a new, novel, plant extract-derived biostimulant technology from Beem Biologics.​

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables & Market Defination

    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 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Crop type

      1. 5.1.1 Wheat

      2. 5.1.2 Maize

      3. 5.1.3 Rice

      4. 5.1.4 Potato

      5. 5.1.5 Cucumber

      6. 5.1.6 Tomato

      7. 5.1.7 Soybean

      8. 5.1.8 Vineyard

      9. 5.1.9 Other crops

    2. 5.2 State Analysis

      1. 5.2.1 California

      2. 5.2.2 Florida

      3. 5.2.3 Texas

      4. 5.2.4 Missouri

      5. 5.2.5 Other states

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Valagro S.p.A​

      2. 6.3.2 Brandt Consolidated Inc. ​

      3. 6.3.3 UPL Limited​

      4. 6.3.4 Humic Growth Solutions​

      5. 6.3.5 Isagro S.p.A​

      6. 6.3.6 DeltAg​

      7. 6.3.7 Sigma AgriScience​

      8. 6.3.8 Actagro​

      9. 6.3.9 Agrinos​

      10. 6.3.10 Italpollina S.p.A​

      11. 6.3.11 Acadian Seaplants

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

**Subject to Availability

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Frequently Asked Questions

The United States Biostimulants Market market is studied from 2016 - 2026.

The United States Biostimulants Market is growing at a CAGR of 11.2% over the next 5 years.

valagro spa, Brandt Consolidated Inc, UPL Limited, Humic Growth Solutions are the major companies operating in United States Biostimulants Market.

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