According to the latest report published by IMARC Group, 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 substances containing microorganisms that are applied to plants and soil to stimulate their natural growth. They produce nutrients to enhance the efficiency, tolerance to abiotic stress, yield and crop quality in plants. Biostimulants are manufactured from humic acid, hormones, algae extract, and plant growth-promoting bacteria, to improve the development of plants when subjected to stress and saline environment. Biostimulants complement mineral fertilizers by improving their effect through the availability, assimilation, translocation, and use of plant nutrients. They also increase the water holding capacity, metabolism, and chlorophyll production.

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Market Trends and Drivers:

The global biostimulants market is primarily driven by the rapid growth of the agriculture industry and the increasing adoption of sustainable farming methods. Besides this, the rising awareness among consumers regarding agricultural sustainability, soil health and environmental safety Furthermore, governments are undertaking initiatives to educate farmers regarding the benefits of superior agro-products, such as biostimulants. As a result, the use of these substances is increasing as an effective substitute to chemical-based agro products that cause environmental hazards and soil contamination. Moreover, manufacturers are focusing on extensive research and development (R&D) activities to develop advanced biostimulants to expand their product lines.

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
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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:

  • Novozymes
  • Agrinos AS
  • Bayer
  • Syngenta
  • Biolchim SpA.
  • Koppert B.V.
  • Biostadt India Ltd.
  • Valagro SpA
  • Adama LTD.
  • Isagro
  • Italpollina SpA

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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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