In terms of value, the global biostimulants market is expected to grow at a CAGR of 13.4% from 2019 to 2025 to reach $4.47 billion by 2025; whereas, in terms of volume, this market is expected to reach 4,46,651.3 metric ton by 2025, growing at a CAGR of 12.4% during the forecast period.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and challenges. The growth of this market is mainly attributed to the growing need to increase crop yield and quality, growing organic farming and demand for organic food, wide range of benefits of biostimulants in crop production, and growing awareness about environmental safety with the use of biostimulants. However, lack of education and awareness among farmers and various challenges to new entrants and small companies hinders the growth of this market.
The study offers a comprehensive analysis of the global biostimulants market with respect to various types. The global biostimulants market is segmented on the basis of active ingredient (acid based, extract based, microbial amendments, trace minerals and vitamins, and others), application (foliar spray, soil treatment, and seed treatment), formulation (liquid formulation and dry formulation), crop type (row crops, fruits and vegetables, turfs and ornamentals, and others), and geography.
Based on active ingredients, acid based biostimulants segment is estimated to command the largest share of the overall biostimulants market in 2019. The large share of this segment is mainly attributed to their wide range of benefits to the plant, higher efficiency, and easy availability. However, extract based biostimulants market is expected to witness the fastest growth during the forecast period.
Based on formulation, liquid formulation is estimated to command the largest share of the overall biostimulants market in 2019. The large share of this form is mainly attributed to the liquid formulation’s higher effective duration (up to 6 months) as compared to that of dry formulation (up to 3 months), as well as their better performance over dry formulation.
Geographically, the global biostimulants market is segmented into five major geographies, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia pacific region is estimated to register the fastest growth during the forecast period, primarily due to the large area under agriculture cultivation, rising need to increase the crop yield and quality, increasing demand for organic food, and various government initiatives to develop and increase application of biologicals in the region.
The key players operating in the global biostimulants market are Marrone Bio Innovations, Inc. (U.S.), Biolchim SpA (Italy), Monsanto Company (U.S.), Valagro S.p.A. (Italy), Andermatt Biocontrol AG (Switzerland), Som Phytopharma India Limited (India), BioWorks, Inc. (U.S.), Novozymes, Inc. (Denmark), Koppert B.V. (the Netherlands), Isagro SpA (Italy), Italpollina SpA (Italy), Trade Corporation International (Spain), Biostadt India Limited (India), Micromix Plant Health Ltd. (U.K.), FMC Corporation (U.S.), Syngenta International AG (Switzerland), BASF Corporation (Germany), BioAtlantis Ltd. (Ireland), Omex Agrifluids Limited (U.K.), Agrinos AS (Norway), Plant Health Care plc (U.S.), Haifa Chemicals Ltd. (Israel), SICIT 2000 SpA (Italy), and EuroChem Group AG (Switzerland).
Scope of the report
Biostimulants Market by Active Ingredient
Other Botanical Extracts
Trace Minerals and Vitamins
Biostimulants Market by Mode of Application
Biostimulants Market by Formulation
Soluble Liquid Concentrate
Biostimulants Market by Crop Type
Fruits and Vegetables
Turfs and Ornamentals
Biostimulants Market by Geography
Rest of Europe (RoE)
• Asia-Pacific (APAC)
Rest of Asia-Pacific (RoAPAC)
Rest of World
Rest of Latin America (RoLATAM)
Middle East and Africa