According to IMARC Group’s latest report, titled “Biostimulants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global biostimulants market reached a value of US$ 2.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.55 Billion by 2027, exhibiting at a CAGR of 11.48% during 2022-2027. Biostimulants are microbe-based agricultural chemicals that promote the organic growth of a plant. They are produced from various active ingredients, like humic and fulvic acids, seaweed extracts, amino acids, vitamins, trace minerals, polysaccharides, and microbial amendments. Biostimulants improve nutrient availability, environmental stress tolerance, water holding capacity, metabolism, and chlorophyll production in the plant. They also help in enhancing the antioxidant properties, stimulating root development, and plant cell enlargement.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The expanding agriculture industry, growing demand for agricultural sustainability, and rising adoption of organic farming practices are primarily catalyzing the biostimulants market growth. It is widely being utilized in organic manure to improve soil fertility and plant health. Moreover, the growing concerns towards the adverse effects of chemically synthesized pesticides and fertilizers are further augmenting the market growth. Furthermore, the decline in the availability of fertile land and surging food consumption levels are also driving the product demand. Numerous innovations and increasing R&D activities in the field of agricultural sciences are further anticipated to drive the market.
Biostimulants Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the biostimulants market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Agrinos AS
- Adama LTD.
- BASF SE
- Bayer
- Biolchim SpA.
- Biostadt India Ltd.
- Isagro
- Italpollina SpA
- Koppert B.V.
- Novozymes
- Syngenta
- Valagro SpA
Key Market Segmentation:
The report has segmented the global biostimulants market on the basis of product type, crop type, form, origin, distribution channel, application, end user and region.
Breakup by Product Type:
- Acid-based
- Humic Acid
- Fulvic Acid
- Amino Acid
- Extract-based
- Seaweed Extract
- Other Plant Extracts
- Others
- Microbial Soil Amendments
- Chitin & Chitosan
- Others
Breakup by Crop Type:
- Cereals and Grains
- Fruits and Vegetables
- Turf and Ornamentals
- Oilseeds and Pulses
- Others
Breakup by Form:
- Dry
- Liquid
Breakup by Origin:
- Natural
- Synthetic
Breakup by Distribution Channel:
- Direct
- Indirect
Breakup by Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
Breakup by End-User:
- Farmers
- Research Organizations
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (Egypt, United Arab Emirates, Saudi Arabia, Turkey, Qatar, Iran, Others)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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