Biostimulants are substances (natural or synthetic) that are used to improve plant growth, health and productivity. These substances bring superior changes in biological processes in order to improve plant growth and make them more tolerant to abiotic stresses like drought, heat, cold, excess water relatively increasing seed yield and quality. Biostimulants are showing promising growth in agriculture industry. These products are widely being used in the agriculture sector to produce wide range of crop production. Previously these products were used for horticulture products, but its usage has increased for nearly all key row crops such as wheat, sugarcane, rice, corn and soybean.
This report analyses the global market for Biostimulants. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market. This Biostimulantsmarket report provides insights on new trade regulations, import export analysis, industry value chain analysis, market size, consumption, production analysis, regional and segment market share, product launches, product pipeline analysis, impact of Covid-19 on supply chain, key regions, untapped markets, patent analysis, product approvals, continuous innovations and developments in the market.
The global biostimulants market is growing at lucrative CAGR of 12.6%. Europe leads the global market accounting largest revenue share in 2019. The growth in this is region is attributed to the sophisticated agricultural practices and presence of supportive regulatory bodies. The European Union regulatory bodies have approved plant biostimulants as a distinct category of agricultural inputs. From 16 July 2022, biostimulants will bear the “CE” mark, which will allow free market access to all EU Member States. Until now, no standardized regulation for plant biostimulants existed. Such trade regulations have resulted in promising impact over market growth. Asia Pacific is fastest growing market and is expected witness lucrative growth in the forecast period. The agriculture based economies such as India; China in Asia Pacific region are expected to boost the market demand during the forecast period. Chinese farmers are adopting sustainable and organic agriculture practices. Several government initiatives are boosting the adoption of biostimulants in agricultural practices. The country has started a project to make farming on smaller pieces of land more sustainable through management practices.
Biostimulants are hot topics in agriculture industry. Adoption of these products in horticulture has proved beneficial and now several products are launched in the market which offers products for all major agricultural crops. In recent years, acid based biostimulants have been used increasingly in the biostimulants business to provide a value-added product that has agronomic, human health, and environmental benefits. Acid-based dominated global biostimulants market with more than 50% market share. Seaweed extract-based biostimulants accounted around 36.87% global share in 2019. Microbial biostimulants are expected to be fastest growing market segment. Lack of awareness among farmers and low penetration rate in developing countries is hampering the growth of global Biostimulants market. However, growing technological advancements in biostimulants manufacturing to be applicable in broad range of crops will offer lucrative opportunities in future.
oTurfs & ornamentals
oFruits & vegetables
•An overview of the global Biostimulants market
•In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
•Global Biostimulants market revenue data historic and forecast analysis (2016 to 2026)
•Characterization and quantification of the market segments for Biostimulants market
•Market share analysis of key market participants and their competitive landscape