Biostimulant Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030

Description

The global biostimulant market is experiencing positive growth due to increasing interest in sustainable agriculture. Agriculture and food production systems are facing significant challenges such as a growing population, hunger and malnutrition, climate change, biodiversity loss, and overexploitation of natural resources. As a result, there is a substantial demand for biostimulants to enhance crop productivity, particularly due to the scarcity of cultivable land. Biostimulants are also being used in cosmetic products like soaps, shampoos, and creams, further contributing to market expansion. The use of liquid biostimulants in fertilizers and insecticides to improve plant stress tolerance is creating a sustained demand for advanced biostimulants. Ongoing investments in agricultural R&D efforts are driving innovation in the biostimulant market.

Increased Use of Biostimulants in Organic Farming Creates Growth Opportunities:

Growing health concerns and a shift in consumer mindset towards organic food have led to an increase in the purchase of organic goods. This trend is expected to accelerate the growth of the organic food industry, creating a higher demand for biostimulants. Organic food is in high demand due to its residue-free, non-toxic, and environmentally friendly characteristics, promoting personal health and environmental reasons. The rising demand for organic food and farming is driving the need for biological crop nutrition, contributing to the maturity of the biostimulant market. Additionally, government support for the use of bio-based agricultural solutions, including biostimulants, is expected to create viable business opportunities in the market.

Growing Demand for Seaweed Extracts Drives Market Expansion:

Seaweed extracts are gaining popularity in agriculture for their ability to enhance plant health and productivity. These extracts contain auxin, cytokinins, major and minor nutrients, amino acids, vitamins, and growth-promoting compounds, making them valuable for improving crop production and soil fertility. Humic compounds have also been widely used by farmers to grow various crops, as they can cause significant changes in root morphology and assist in nutrient absorption. Due to these benefits, seaweed extracts are expected to hold the largest market share in the global biostimulant market. The consistent growth in seaweed production and its diverse applications in agriculture will further drive its demand in international markets.

Optimistic Outlook Strengthens North America's Biostimulant Market:

Europe is projected to dominate the revenue share in the biostimulant market, driven by government emphasis on sustainable farming techniques and the presence of biostimulant-promoting councils in the region. The EU's agricultural regulatory framework is becoming more receptive to environmental concerns, encouraging the development of sustainable and eco-friendly models and practices. North America's biostimulant market is expected to experience solid revenue growth due to promising funding for agricultural R&D endeavors.

Major Market Players:

Key players in the global biostimulant market include: BASF SE, UPL, Valagro S.p.a, Gowan Company, ILSA S.p.a., Rallis India Limited, Haifa Group, Adama Ltd., Biovert S.l., Koppert Biological Systems, Tradecorp International, Agritecno, Axeb Biotech Sl, Mafa Bioscience, Lawrieco, Devi Cropscience, Bioflora, Agricen, and Bonumose Inc.

1. Executive Summary

1.1. Global Biostimulants Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
  - 2.2.1.1. Driver A
  - 2.2.1.2. Driver B
  - 2.2.1.3. Driver C
- 2.2.2. Restraints
  - 2.2.2.1. Restraint 1
  - 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-covid and Post-covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. New Product Launch, R & D, and Developments
2.9. Global Biological Products - Market Overview
2.10. Economic Analysis
2.11. PESTLE

3. Production Output and Trade Statistics, 2019 - 2022

3.1. Regional Production Statistics
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa
3.2. Trade Statistics

4. Price Trends Analysis and Future Projects, 2019 - 2030

4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Active Ingredient
4.4. By Region

5. Global Biostimulants Market Outlook, 2019 - 2030

5.1. Global Biostimulants Market Outlook, by Active Ingredient, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Seaweed Extracts
  - 5.1.1.2. Organic Acids
  - 5.1.1.3. Microbials & Amendments
  - 5.1.1.4. Vitamins & Amino Acids
  - 5.1.1.5. Trace Elements
  - 5.1.1.6. Misc.
5.2. Global Biostimulants Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Foliar
  - 5.2.1.2. Soil
  - 5.2.1.3. Seed
5.3. Global Biostimulants Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Fruits & Vegetables
  - 5.3.1.2. Row Crops & Cereals
  - 5.3.1.3. Turf & Ornamentals
  - 5.3.1.4. Misc.
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Global Biostimulants Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. North America Biostimulants Market Outlook, 2019 - 2030

6.1. North America Biostimulants Market Outlook, by Active Ingredient, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Seaweed Extracts
  - 6.1.1.2. Organic Acids
  - 6.1.1.3. Microbials & Amendments
  - 6.1.1.4. Vitamins & Amino Acids
  - 6.1.1.5. Trace Elements
  - 6.1.1.6. Misc.
6.2. North America Biostimulants Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Foliar
  - 6.2.1.2. Soil
  - 6.2.1.3. Seed
6.3. North America Biostimulants Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Fruits & Vegetables
  - 6.3.1.2. Row Crops & Cereals
  - 6.3.1.3. Turf & Ornamentals
  - 6.3.1.4. Misc.
6.4. North America Biostimulants Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S.
  - 6.4.1.2. Canada
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Biostimulants Market Outlook, 2019 - 2030

7.1. Europe Biostimulants Market Outlook, by Active Ingredient, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Seaweed Extracts
  - 7.1.1.2. Organic Acids
  - 7.1.1.3. Microbials & Amendments
  - 7.1.1.4. Vitamins & Amino Acids
  - 7.1.1.5. Trace Elements
  - 7.1.1.6. Misc.
7.2. Europe Biostimulants Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Foliar
  - 7.2.1.2. Soil
  - 7.2.1.3. Seed
7.3. Europe Biostimulants Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Fruits & Vegetables
  - 7.3.1.2. Row Crops & Cereals
  - 7.3.1.3. Turf & Ornamentals
  - 7.3.1.4. Misc.
7.4. Europe Biostimulants Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany
  - 7.4.1.2. France
  - 7.4.1.3. U.K.
  - 7.4.1.4. Italy
  - 7.4.1.5. Spain
  - 7.4.1.6. Russia
  - 7.4.1.7. Turkey
  - 7.4.1.8. Rest of Europe
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Biostimulants Market Outlook, 2019 - 2030

8.1. Asia Pacific Biostimulants Market Outlook, by Active Ingredient, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Seaweed Extracts
  - 8.1.1.2. Organic Acids
  - 8.1.1.3. Microbials & Amendments
  - 8.1.1.4. Vitamins & Amino Acids
  - 8.1.1.5. Trace Elements
  - 8.1.1.6. Misc.
8.2. Asia Pacific Biostimulants Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Foliar
  - 8.2.1.2. Soil
  - 8.2.1.3. Seed
8.3. Asia Pacific Biostimulants Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Fruits & Vegetables
  - 8.3.1.2. Row Crops & Cereals
  - 8.3.1.3. Turf & Ornamentals
  - 8.3.1.4. Misc.
8.4. Asia Pacific Biostimulants Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. China
  - 8.4.1.2. Japan
  - 8.4.1.3. South Korea
  - 8.4.1.4. India
  - 8.4.1.5. Southeast Asia
  - 8.4.1.6. Rest of Asia Pacific
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Biostimulants Market Outlook, 2019 - 2030

9.1. Latin America Biostimulants Market Outlook, by Active Ingredient, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. Seaweed Extracts
  - 9.1.1.2. Organic Acids
  - 9.1.1.3. Microbials & Amendments
  - 9.1.1.4. Vitamins & Amino Acids
  - 9.1.1.5. Trace Elements
  - 9.1.1.6. Misc.
9.2. Latin America Biostimulants Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 9.2.1. Key Highlights
  - 9.2.1.1. Foliar
  - 9.2.1.2. Soil
  - 9.2.1.3. Seed
9.3. Latin America Biostimulants Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Fruits & Vegetables
  - 9.3.1.2. Row Crops & Cereals
  - 9.3.1.3. Turf & Ornamentals
  - 9.3.1.4. Misc.
9.4. Latin America Biostimulants Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil
  - 9.4.1.2. Mexico
  - 9.4.1.3. Rest of Latin America
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Biostimulants Market Outlook, 2019 - 2030

10.1. Middle East & Africa Biostimulants Market Outlook, by Active Ingredient, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 10.1.1. Key Highlights
  - 10.1.1.1. Seaweed Extracts
  - 10.1.1.2. Organic Acids
  - 10.1.1.3. Microbials & Amendments
  - 10.1.1.4. Vitamins & Amino Acids
  - 10.1.1.5. Trace Elements
  - 10.1.1.6. Misc.
10.2. Middle East & Africa Biostimulants Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 10.2.1. Key Highlights
  - 10.2.1.1. Foliar
  - 10.2.1.2. Soil
  - 10.2.1.3. Seed
10.3. Middle East & Africa Biostimulants Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 10.3.1. Key Highlights
  - 10.3.1.1. Fruits & Vegetables
  - 10.3.1.2. Row Crops & Cereals
  - 10.3.1.3. Turf & Ornamentals
  - 10.3.1.4. Misc.
10.4. Middle East & Africa Biostimulants Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC
  - 10.4.1.2. South Africa
  - 10.4.1.3. Rest of Middle East & Africa
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. BASF SE
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. Isagro Group
- 11.3.3. Biolchim SpA
- 11.3.4. Sapec Agro S.A.
- 11.3.5. Novozymes A/S
- 11.3.6. Valagro SpA
- 11.3.7. Koppert B.V.
- 11.3.8. UPL Limited
- 11.3.9. Haifa Group
- 11.3.10. Humintech GmbH
- 11.3.11. Hello Nature International Srl
- 11.3.12. TAGROW CO., LTD.
- 11.3.13. AXEB BIOTECH SL

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations