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Biostimulants Market Report by Active Ingredients (Humic Substances, Seaweed Extracts, Amino Acids, Microbial Amendments, Minerals & Vitamins), Crop Type, Mode of Application, Form (Dry, Liquid) and Region - Forecast to 2029

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    Report

  • 342 Pages
  • April 2024
  • Region: Global
  • Markets and Markets
  • ID: 4768804
Description Jump to:
The global biostimulants market is estimated at USD 4.3 billion in 2024 and is projected to reach USD 7.6 billion by 2029, at a CAGR of 12.0% during the forecast period. Growing consumer preference toward organic farming will lead to drive the demand for biostimulants. Biostimulants, through their diverse mechanisms of action, have demonstrated the ability to promote root development, improve nutrient uptake efficiency, and stimulate overall plant growth. By enhancing these physiological processes, biostimulants can contribute to increased crop yields. This is particularly valuable in regions where agricultural productivity is challenged by factors such as nutrient deficiencies, soil degradation, and environmental stressors.

Rise in sustainable agriculture lead to consumption of biostimulants.

Biostimulants can enhance the absorption of nutrients by plants, making them more efficient in utilizing fertilizers. This can lead to reduced fertilizer use and minimized nutrient runoff, decreasing environmental pollution. By enhancing nutrient uptake and stress tolerance, biostimulants can reduce the need for chemical fertilizers, pesticides, and herbicides. This promotes environmentally friendly agricultural practices, reduces production costs, and minimizes negative impacts on soil and water quality. Some biostimulants stimulate beneficial microbial activity in the soil, leading to improved soil structure, fertility, and nutrient cycling. Healthy soils support robust plant growth and contribute to long-term sustainability in agriculture.

In 2023, foliar application stood as the major segment within the mode of application segment of the biostimulants market.

Biostimulants products applied to foliage directly affect plant biochemical pathways through the leaf surface, leading to enhanced protein synthesis and increased production of enzymes. These effects contribute to improved growth of both roots and shoots. Foliar treatments with biostimulants can boost plant productivity. Directly applying biostimulants on plant leaves enhances the effect of bioactive molecules on crop growth, leading to better absorption and improved uptake of micronutrients by all parts of the plant. Biostimulants applied to the foliage are generally absorbed more rapidly than when applied to the soil. The foliar application helps in correcting plant nutrient deficiencies quickly.

Within the crop type segment, the cereals & grains constitute significant share.

The consumption of cereals and grains is crucial for meeting the dietary needs of a growing population. As the demand for food rises, there's a greater emphasis on boosting cereal yields. Plant growth regulators are becoming increasingly important in achieving this goal. Recent data from the FAO shows an expected increase in global cereal utilization for 2023/24 compared to previous years. Additionally, forecasts indicate higher global cereal stocks by the end of 2024. This suggests a steady supply of cereals to meet demand. The growing demand for cereals highlights the importance of improving agricultural productivity, potentially leading to greater use of biostimulants to optimize yields and meet global requirements.

The biostimulants market in North America is anticipated to maintain consistent growth throughout the forecast period.

With a growing consumer preference for organic and sustainable agricultural practices, there's a rising demand for biostimulants, which are often seen as more environmentally friendly alternatives to traditional chemical fertilizers and pesticides. Intensive farming practices that aim to meet high agricultural demands have led to soil degradation and reduced soil nutrient quality. In North America, climate change events such as drought and soil degradation have further impacted agricultural productivity. To meet the demand for high yields without relying too heavily on agrochemicals, biostimulants are expected to experience an increase in usage in the US and Canada.

The Break-up of Primaries:

  • By Company Type: Tire 1 - 30%, Tire 2 - 35%, Tire 3 - 35%
  • By Designation: CXOs - 30%, Managers - 50%, Executives - 20%
  • By Region: North America - 25%, Europe - 20%, Asia Pacific - 35%, South America - 10%, RoW - 10%
Key players in this market include BASF SE (Germany), UPL (India), FMC Corporation (US), Rallies India Limited (India), Sumitomo Chemical Co., Ltd. (Japan), Corteva. (US), Nufarm (Australia), Syngenta Crop Protection AG (Switzerland), PI Industries (India), ILSA S.p.A. (Italy), Coromandel International Limited (India), Haifa Group (Israel), T.Stanes and Company Limited (India), Gowan Company (US), and Koppert (The Netherlands).

Research Coverage:

The report segments the biostimulants market based on active ingredients, crop type, mode of application, formulations, and region. In terms of insights, this report has focused on various levels of analyses - the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the biostimulants market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, services, key strategies, Contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent developments associated with the biostimulants market. Competitive analysis of upcoming startups in the biostimulants market ecosystem is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall biostimulants market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. The report provides insights on the following pointers:
  • Analysis of key drivers (increasing need for sustainable agriculture, easy availability of seaweed as raw materials, strong demand for high-value crops). restraints (commercialization of low-quality of biostimulant products, preference for chemical pesticides among farmers in developing countries). opportunities (technological advancements in production of biostimulants, significant developments in seed treatment) and challenges (uncertainty in global stimulants regulatory framework).
  • Product Development/Innovation: Detailed insights on research & development activities and new product launches in the biostimulants market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the biostimulants market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the biostimulants market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like BASF SE (Germany), UPL (India), FMC Corporation (US), Rallies India Limited (India), Sumitomo Chemical Co., Ltd. (Japan), Corteva. (US), Nufarm (Australia), Syngenta Crop Protection AG (Switzerland), PI Industries (India), ILSA S.p.A. (Italy), Coromandel International Limited (India), Haifa Group (Israel), T.Stanes and Company Limited (India), Gowan Company (US), and Koppert (The Netherlands) in the biostimulants market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
Figure 1 Biostimulants Market Segmentation
1.3.1 Inclusions and Exclusions
Table 1 Biostimulants Market: Inclusions & Exclusions
Figure 2 Biostimulants Market Segmentation, by Region
1.4 Years Considered
Figure 3 Study Years Considered
1.5 Units Considered
1.5.1 Value Unit (Currency)
Table 2 USD Exchange Rates Considered, 2019-2023
1.5.2 Volume Unit
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Recession Impact
2 Research Methodology
2.1 Research Data
Figure 4 Biostimulants Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
Figure 5 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
Figure 6 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
Figure 7 Insights from Industry Experts
2.1.2.3 Breakdown of Primaries
Figure 8 Breakdown of Primaries, by Company Type, Designation, and Region
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 9 Biostimulants Market: Demand-Side Calculation
2.2.2 Top-Down Approach
Figure 10 Biostimulants Market Size Estimation Steps and Respective Sources: Supply Side
Figure 11 Supply-Side Analysis: Biostimulants Market
2.3 Data Triangulation
Figure 12 Data Triangulation Methodology
2.4 Research Assumptions
2.5 Limitations and Risk Assessment
2.6 Biostimulants Market: Recession Impact
2.6.1 Recession Macroeconomic Indicators
Figure 13 Indicators of Recession
Figure 14 Global Inflation Rate, 2011-2022
Figure 15 Global GDP, 2011-2022 (USD Trillion)
Figure 16 Recession Indicators and Their Impact on Biostimulants Market
Figure 17 Biostimulants Market: Earlier Forecast vs. Recession Forecast
3 Executive Summary
Table 3 Biostimulants Market Snapshot, 2024 vs. 2029
Figure 18 Biostimulants Market, by Active Ingredient, 2024 vs. 2029 (USD Million)
Figure 19 Biostimulants Market, by Form, 2024 vs. 2029 (USD Million)
Figure 20 Biostimulants Market, by Mode of Application, 2024 vs. 2029 (USD Million)
Figure 21 Biostimulants Market, by Crop Type, 2024 vs. 2029 (USD Million)
Figure 22 Biostimulants Market Share and Growth Rate, by Region
4 Premium Insights
4.1 Attractive Market Opportunities for Biostimulant Market Players
Figure 23 Rise in Demand for Organic Food and Agricultural Practices and Government Initiatives & Incentives to Drive Growth for Biostimulants
4.2 Europe: Biostimulants Market, by Active Ingredient & Country
Figure 24 Seaweed Extracts Segment and Spain to Account for Largest Share in European Biostimulants Market in 2024
4.3 Biostimulants Market: Share of Key Regional Submarkets
Figure 25 US to Account for Largest Share (By Value) in 2024
4.4 Biostimulants Market, by Active Ingredient and Region
Figure 26 Seaweed Extracts Segment to Occupy Largest Market Across Regions During Forecast Period
4.5 Biostimulants Market, by Crop Type and Region
Figure 27 Fruits & Vegetables Segment to Dominate Market During Review Period
4.6 Biostimulants Market, by Form and Region
Figure 28 Liquid Segment to Account for Larger Market Across Regions During Study Period
4.7 Biostimulants Market, by Mode of Application and Region
Figure 29 Foliar Treatment to Dominate Market Across Regions During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Growth in Demand for Organic Food
Figure 30 Top Ten Countries with Organic Agricultural Land, 2022 (Million Hectares)
Figure 31 US: Organic Food Sales, 2013-2022 (USD Million)
5.2.2 Damage and Loss of Agricultural Land
5.3 Market Dynamics
Figure 32 Biostimulants Market: Drivers, Restraints, Opportunities, and Challenges
5.3.1 Drivers
5.3.1.1 Rise in Need for Sustainable Agriculture
5.3.1.2 Easy Availability of Seaweed as Raw Material
Figure 33 Top 10 Exporters of Seaweed, 2021 (USD Million)
5.3.1.3 Rise in Demand for High-Value Crops
Figure 34 Production of Primary Crops, by Commodity Group, 2000-2021 (Billion Tonnes)
5.3.2 Restraints
5.3.2.1 Commercialization of Low-Quality Biostimulant Products
5.3.2.2 Preference for Chemical Pesticides Among Farmers in Emerging Economies
5.3.3 Opportunities
5.3.3.1 Technological Advancements in Production of Biostimulants
5.3.3.2 Significant Developments in Seed Treatment
5.3.3.3 Integration of Biostimulants with Fertilizers to Optimize Nutrient Uptake
5.3.4 Challenges
5.3.4.1 Uncertainty in Global Biostimulants Regulatory Framework
5.3.4.2 Lack of Adoption and Awareness of Biostimulants
6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
Figure 35 Biostimulants Market: Supply Chain Analysis
6.3 Value Chain Analysis
Figure 36 Biostimulants Market: Value Chain Analysis
6.3.1 Research & Product Development
6.3.2 Raw Material Sourcing
6.3.3 Manufacturing & Production
6.3.4 Packaging, Storage, and Distribution
6.3.5 Post-Sales Services
6.4 Trade Analysis
Table 4 Export & Import Value of Biostimulants, by Key Country, 2023 (USD Thousand)
Table 5 Export & Import Value of Biostimulants, by Key Country, 2022 (USD Thousand)
6.5 Technology Analysis
6.5.1 Key Technologies
6.5.1.1 Software to Operationalize Analytics
6.5.1.2 Nanoencapsulation Technology
6.5.1.3 Fertiglobal's Ennuvi Technology
6.6 Pricing Analysis
6.6.1 Average Selling Price Trend of Key Players, by Active Ingredient
Table 6 Biostimulants Market: Average Selling Price (ASP) of Key Players, by Active Ingredient, 2023 (USD/Ton)
6.6.2 Average Selling Price Trend of Biostimulants, by Active Ingredient
Table 7 Biostimulants Market: Average Selling Price (ASP), by Active Ingredient, 2019-2023 (USD/Ton)
6.6.3 Average Selling Price Trend of Biostimulants, by Region
Table 8 Average Selling Price Trend of Biostimulants, by Region, 2019-2023 (USD/Ton)
6.7 Ecosystem Analysis/Market Map
6.7.1 Demand Side
6.7.2 Supply Side
Figure 37 Biostimulants Market: Ecosystem
Figure 38 Key Stakeholders in Biostimulants Market Ecosystem
Table 9 Biostimulants Market: Ecosystem
6.8 Trends/Disruptions Impacting Customer's Business
Figure 39 Biostimulants Market: Trends/Disrupting Impacting Customer's Business
6.9 Patent Analysis
Figure 40 Patents Granted for Biostimulants Market, 2014-2024
Figure 41 Regional Analysis of Patent Granted for Biostimulants Market, 2014-2024
Table 10 List of Main Patents Pertaining to Biostimulants Market, 2014-2024
6.10 Key Conferences & Events
Table 11 Biostimulants Market: Detailed List of Conferences and Events, 2024-2025
6.11 Regulatory Landscape
6.11.1 North America
6.11.1.1 US
6.11.1.2 Mexico
6.11.1.3 Canada
6.11.2 Europe
6.11.2.1 Austria
6.11.2.2 France
6.11.2.3 Germany
6.11.2.4 Italy
6.11.2.5 Ireland
6.11.2.6 Spain
6.11.2.7 Uk
6.11.3 Asia-Pacific
6.11.3.1 India
6.11.3.2 China
6.11.3.3 Japan
6.11.3.4 Australia
6.11.4 South America
6.11.4.1 Brazil
6.11.4.2 Argentina
6.11.4.3 Chile
6.11.5 South Africa
6.11.6 Middle East
6.11.6.1 Egypt
6.11.6.2 Uae
6.12 Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 South America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Middle East: Regulatory Bodies, Government Agencies, and Other Organizations
6.13 Porter's Five Forces Analysis
Table 17 Porter's Five Forces Impact on Biostimulants Market
6.13.1 Intensity of Competitive Rivalry
6.13.2 Bargaining Power of Suppliers
6.13.3 Bargaining Power of Buyers
6.13.4 Threat of Substitutes
6.13.5 Threat of New Entrants
6.14 Key Stakeholders and Buying Criteria
6.14.1 Key Stakeholders in Buying Process
Figure 42 Influence of Stakeholders on Buying Process for Top Three Modes of Application
Table 18 Influence of Stakeholders on Buying Process for Top Three Modes of Application
6.14.2 Buying Criteria
Figure 43 Key Buying Criteria for Top Three Modes of Application
Table 19 Key Buying Criteria for Top Three Modes of Application
6.15 Case Study Analysis
6.15.1 Influence of Biostimulants on Growth of Wheat Enriched with Selenium
6.15.2 Biostimulants Helped in Promoting Root Growth and Physiological Processes in Plants
6.15.3 Optimizing Rice Production with Ecostim Biostimulants
6.16 Investment and Funding Scenario
Figure 44 Investment & Funding Scenario of Three Key Players, 2024 (USD Thousand)
7 Biostimulants Market, by Active Ingredient
7.1 Introduction
Figure 45 Biostimulants Market, by Active Ingredient, 2024 vs. 2029 (USD Million)
Table 20 Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 21 Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
Table 22 Biostimulants Market, by Active Ingredient, 2019-2023 (Kt)
Table 23 Biostimulants Market, by Active Ingredient, 2024-2029 (Kt)
7.2 Humic Substances
7.2.1 Ability to Hold Water, Stabilize Soil Temperature, Prevent Water Evaporation, and Facilitate Nutrient Uptake
Table 24 Humic Biostimulants Market, by Region, 2019-2023 (USD Million)
Table 25 Humic Biostimulants Market, by Region, 2024-2029 (USD Million)
Table 26 Humic Biostimulants Market, by Region, 2019-2023 (Kt)
Table 27 Humic Biostimulants Market, by Region, 2024-2029 (Kt)
Table 28 Humic Biostimulants Market, by Type, 2019-2023 (USD Million)
Table 29 Humic Biostimulants Market, by Type, 2024-2029 (USD Million)
7.3 Seaweed Extracts
7.3.1 Need to Boost Soil Fertility, Enhance Seed Germination, and Improve Crop Productivity to Fuel Demand
Table 30 Seaweed Extract-based Biostimulants Market, by Region, 2019-2023 (USD Million)
Table 31 Seaweed Extract-based Biostimulants Market, by Region, 2024-2029 (USD Million)
Table 32 Seaweed Extract-based Biostimulants Market, by Region, 2019-2023 (Kt)
Table 33 Seaweed Extract-based Biostimulants Market, by Region, 2024-2029 (Kt)
7.4 Amino Acids
7.4.1 Increase in Awareness Regarding Role of Amino Acids in Plant Growth
Table 34 Amino Acid-based Biostimulants Market, by Region, 2019-2023 (USD Million)
Table 35 Amino Acid-based Biostimulants Market, by Region, 2024-2029 (USD Million)
Table 36 Amino Acid-based Biostimulants Market, by Region, 2019-2023 (Kt)
Table 37 Amino Acid-based Biostimulants Market, by Region, 2024-2029 (Kt)
7.5 Microbial Amendments
7.5.1 Need to Enhance Growth and Nutrient Uptake of Plants and Improve Soil Conditions
Table 38 Microbial Amendments Market, by Region, 2019-2023 (USD Million)
Table 39 Microbial Amendments Market, by Region, 2024-2029 (USD Million)
Table 40 Microbial Amendments Market, by Region, 2019-2023 (Kt)
Table 41 Microbial Amendments Market, by Region, 2024-2029 (Kt)
7.5.2 Bacterial Biostimulants
7.5.3 Fungal Biostimulants
7.6 Minerals & Vitamins
7.6.1 Effectiveness of Vitamins & Minerals Against Drought Stress
Table 42 Mineral- & Vitamin-based Biostimulants Market, by Region, 2019-2023 (USD Million)
Table 43 Mineral- & Vitamin-based Biostimulants Market, by Region, 2024-2029 (USD Million)
Table 44 Mineral- & Vitamin-based Biostimulants Market, by Region, 2019-2023 (Kt)
Table 45 Mineral- & Vitamin-based Biostimulants Market, by Region, 2024-2029 (Kt)
7.7 Other Active Ingredients
Table 46 Other Active Ingredient-based Biostimulants Market, by Region, 2019-2023 (USD Million)
Table 47 Other Active Ingredient-based Biostimulants Market, by Region, 2024-2029 (USD Million)
Table 48 Other Active Ingredient-based Biostimulants Market, by Region, 2019-2023 (Kt)
Table 49 Other Active Ingredient-based Biostimulants Market, by Region, 2024-2029 (Kt)
8 Biostimulants Market, by Crop Type
8.1 Introduction
Figure 46 Biostimulants Market, by Crop Type, 2024 vs. 2029 (USD Million)
Table 50 Biostimulants Market, by Crop Type, 2019-2023 (USD Million)
Table 51 Biostimulants Market, by Crop Type, 2024-2029 (USD Million)
8.2 Cereals & Grains
8.2.1 Higher Demand for Cereal Crops and Increase in Efficiency of Biostimulants on Yield of Cereals & Grains
Table 52 Biostimulants Market in Cereal & Grain Cultivation, by Region, 2019-2023 (USD Million)
Table 53 Biostimulants Market in Cereal & Grain Cultivation, by Region, 2024-2029 (USD Million)
Table 54 Biostimulants Market in Cereal & Grain Cultivation, by Crop Type, 2019-2023 (USD Million)
Table 55 Biostimulants Market in Cereal & Grain Cultivation, by Crop Type, 2024-2029 (USD Million)
8.2.2 Corn
8.2.2.1 Biostimulants to Enhance Growth of Nodal Root System in Corn Seedlings and Prevent Damage from Weather
8.2.3 Wheat
8.2.3.1 Increased Yield and Stress Tolerance of Staple Crop
8.2.4 Rice
8.2.4.1 Growth in Awareness Regarding Increased Use of Chemical Fertilizers on Staple Crops
8.2.5 Other Cereals & Grains
8.3 Oilseeds & Pulses
8.3.1 Increase in Need to Increase Plant Tolerance to Abiotic Stress
Table 56 Biostimulants Market in Oilseed & Pulse Cultivation, by Region, 2019-2023 (USD Million)
Table 57 Biostimulants Market in Oilseed & Pulse Cultivation, by Region, 2024-2029 (USD Million)
Table 58 Biostimulants Market in Oilseed & Pulse Cultivation, by Crop Type, 2019-2023 (USD Million)
Table 59 Biostimulants Market in Oilseed & Pulse Cultivation, by Crop Type, 2024-2029 (USD Million)
8.3.2 Soybean
8.3.2.1 Need to Enhance Adaptability to Diverse Environments, Bolster Soybean Resistance, and Boost Yield
8.3.3 Sunflower
8.3.3.1 Need to Improve Vegetative and Reproductive Growth and Increase Yield and Quality
8.3.4 Other Oilseeds & Pulses
8.4 Fruits & Vegetables
8.4.1 Increased Global Consumption of Fruits & Vegetables and High Export Potential
Table 60 Biostimulants Market in Fruit & Vegetable Cultivation, by Region, 2019-2023 (USD Million)
Table 61 Biostimulants Market in Fruit & Vegetable Cultivation, by Region, 2024-2029 (USD Million)
Table 62 Biostimulants Market in Fruit & Vegetable Cultivation, by Crop Type, 2019-2023 (USD Million)
Table 63 Biostimulants Market in Fruit & Vegetable Cultivation, by Crop Type, 2024-2029 (USD Million)
8.4.2 Pome Fruits
8.4.2.1 Higher Need to Improve Balanced Intake of Key Nutrients
8.4.3 Citrus Fruits
8.4.3.1 Need to Improve Plant's Metabolism, Induce Yield, and Enhance Crop Quality and Soil Fertility
8.4.4 Berries
8.4.4.1 Increasing Tolerance to Abiotic Stresses in Berries
8.4.5 Root & Tuber Vegetables
8.4.5.1 Need for Higher Yields, Reduced Nitrate Accumulation, and Improved Overall Plant Growth
8.4.6 Leafy Vegetables
8.4.6.1 Elevating Leaf Pigments, Stimulating Root Growth, and Boosting Resistance to Stresses
8.4.7 Other Fruits & Vegetables
8.5 Flowers & Ornamentals
8.5.1 Demand for Promoting Health and Vitality and Enhancing Nutrient Uptake, Efficiency, and Stress Tolerance
Table 64 Biostimulants Market in Flower & Ornamental Cultivation, by Region, 2019-2023 (USD Million)
Table 65 Biostimulants Market in Flower & Ornamental Cultivation, by Region, 2024-2029 (USD Million)
8.6 Other Crop Types
Table 66 Biostimulants Market in Other Crop Types, by Region, 2019-2023 (USD Million)
Table 67 Biostimulants Market in Other Crop Types, by Region, 2024-2029 (USD Million)
9 Biostimulants Market, by Mode of Application
9.1 Introduction
Figure 47 Biostimulants Market, by Mode of Application, 2024 vs. 2029 (USD Million)
Table 68 Biostimulants Market, by Mode of Application, 2019-2023 (USD Million)
Table 69 Biostimulants Market, by Mode of Application, 2024-2029 (USD Million)
9.2 Seed Treatment
9.2.1 Treatment to Stimulate Stress-Responsive Genes for Better Nutrient Uptake
Table 70 Seed Treatment Application Market, by Region, 2019-2023 (USD Million)
Table 71 Seed Treatment Application Market, by Region, 2024-2029 (USD Million)
9.3 Soil Treatment
9.3.1 Need to Replenish Soil Health, Promote Plant Growth, and Improve Soil Structure
Table 72 Soil Treatment Application Market, by Region, 2019-2023 (USD Million)
Table 73 Soil Treatment Application Market, by Region, 2024-2029 (USD Million)
9.4 Foliar Treatment
9.4.1 Need to Enhance Effect of Bioactive Molecules on Crop Growth and Improve Absorption and Uptake of Micronutrients
Table 74 Foliar Treatment Application Market, by Region, 2019-2023 (USD Million)
Table 75 Foliar Treatment Application Market, by Region, 2024-2029 (USD Million)
10 Biostimulants Market, by Form
10.1 Introduction
Figure 48 Biostimulants Market, by Form, 2024 vs. 2029 (USD Million)
Table 76 Biostimulants Market, by Form, 2019-2023 (USD Million)
Table 77 Biostimulants Market, by Form, 2024-2029 (USD Million)
10.2 Liquid
10.2.1 Ease of Application, Uniform Distribution, and Rapid Absorption by Crops
Table 78 Liquid Biostimulants Market, by Region, 2019-2023 (USD Million)
Table 79 Liquid Biostimulants Market, by Region, 2024-2029 (USD Million)
10.3 Dry
10.3.1 Longer Shelf Life and Reduced Water Usage
Table 80 Dry Biostimulants Market, by Region, 2019-2023 (USD Million)
Table 81 Dry Biostimulants Market, by Region, 2024-2029 (USD Million)
11 Biostimulants Market, by Region
11.1 Introduction
Figure 49 India to Grow at Highest CAGR During Forecast Period
Table 82 Biostimulants Market, by Region, 2019-2023 (USD Million)
Table 83 Biostimulants Market, by Region, 2024-2029 (USD Million)
Table 84 Biostimulants Market, by Region, 2019-2023 (Kt)
Table 85 Biostimulants Market, by Region, 2024-2029 (Kt)
11.2 North America
11.2.1 North America: Recession Impact
Figure 50 North America: Recession Impact Analysis, 2024
Table 86 North America: Biostimulants Market, by Country, 2019-2023 (USD Million)
Table 87 North America: Biostimulants Market, by Country, 2024-2029 (USD Million)
Table 88 North America: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 89 North America: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
Table 90 North America: Biostimulants Market, by Active Ingredient, 2019-2023 (Kt)
Table 91 North America: Biostimulants Market, by Active Ingredient, 2024-2029 (Kt)
Table 92 North America: Biostimulants Market, by Mode of Application, 2019-2023 (USD Million)
Table 93 North America: Biostimulants Market, by Mode of Application, 2024-2029 (USD Million)
Table 94 North America: Biostimulants Market, by Crop Type, 2019-2023 (USD Million)
Table 95 North America: Biostimulants Market, by Crop Type, 2024-2029 (USD Million)
Table 96 North America: Biostimulants Market, by Form, 2019-2023 (USD Million)
Table 97 North America: Biostimulants Market, by Form, 2024-2029 (USD Million)
11.2.2 US
Table 98 US: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 99 US: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.2.3 Canada
Table 100 Canada: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 101 Canada: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.2.4 Mexico
Table 102 Mexico: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 103 Mexico: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.3 Europe
Figure 51 Europe: Regional Snapshot
11.3.1 Europe: Recession Impact
Figure 52 Europe: Recession Impact Analysis, 2024
Table 104 Europe: Biostimulants Market, by Country, 2019-2023 (USD Million)
Table 105 Europe: Biostimulants Market, by Country, 2024-2029 (USD Million)
Table 106 Europe: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 107 Europe: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
Table 108 Europe: Biostimulants Market, by Active Ingredient, 2019-2023 (Kt)
Table 109 Europe: Biostimulants Market, by Active Ingredient, 2024-2029 (Kt)
Table 110 Europe Biostimulants Market, by Mode of Application, 2019-2023 (USD Million)
Table 111 Europe: Biostimulants Market, by Mode of Application, 2024-2029 (USD Million)
Table 112 Europe: Biostimulants Market, by Crop Type, 2019-2023 (USD Million)
Table 113 Europe: Biostimulants Market, by Crop Type, 2024-2029 (USD Million)
Table 114 Europe: Biostimulants Market, by Form, 2019-2023 (USD Million)
Table 115 Europe: Biostimulants Market, by Form, 2024-2029 (USD Million)
11.3.2 Spain
Table 116 Spain: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 117 Spain: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.3.3 Italy
Table 118 Italy: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 119 Italy: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.3.4 France
Table 120 France: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 121 France: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.3.5 Germany
Table 122 Germany: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 123 Germany: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.3.6 Uk
Table 124 Uk: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 125 Uk: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.3.7 Rest of Europe
Table 126 Rest of Europe: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 127 Rest of Europe: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.4 Asia-Pacific
Figure 53 Asia-Pacific: Regional Snapshot
11.4.1 Asia-Pacific: Recession Impact
Figure 54 Asia-Pacific: Recession Impact Analysis, 2024
Table 128 Asia-Pacific: Biostimulants Market, by Country, 2019-2023 (USD Million)
Table 129 Asia-Pacific: Biostimulants Market, by Country, 2024-2029 (USD Million)
Table 130 Asia-Pacific: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 131 Asia-Pacific: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
Table 132 Asia-Pacific: Biostimulants Market, by Active Ingredient, 2019-2023 (Kt)
Table 133 Asia-Pacific: Biostimulants Market, by Active Ingredient, 2024-2029 (Kt)
Table 134 Asia-Pacific: Biostimulants Market, by Mode of Application, 2019-2023 (USD Million)
Table 135 Asia-Pacific: Biostimulants Market, by Mode of Application, 2024-2029 (USD Million)
Table 136 Asia-Pacific: Biostimulants Market, by Crop Type, 2019-2023 (USD Million)
Table 137 Asia-Pacific: Biostimulants Market, by Crop Type, 2024-2029 (USD Million)
Table 138 Asia-Pacific: Biostimulants Market, by Form, 2019-2023 (USD Million)
Table 139 Asia-Pacific: Biostimulants Market, by Form, 2024-2029 (USD Million)
11.4.2 China
Table 140 China: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 141 China: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.4.3 Japan
Table 142 Japan: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 143 Japan: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.4.4 India
Table 144 India: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 145 India: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.4.5 Australia & New Zealand
Table 146 Australia & New Zealand: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 147 Australia & New Zealand: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.4.6 Rest of Asia-Pacific
Table 148 Rest of Asia-Pacific: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 149 Rest of Asia-Pacific: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.5 South America
11.5.1 South America: Recession Impact
Figure 55 South America: Recession Impact Analysis, 2024
Table 150 South America: Biostimulants Market, by Country, 2019-2023 (USD Million)
Table 151 South America: Biostimulants Market, by Country, 2024-2029 (USD Million)
Table 152 South America: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 153 South America: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
Table 154 South America: Biostimulants Market, by Active Ingredient, 2019-2023 (Kt)
Table 155 South America: Biostimulants Market, by Active Ingredient, 2024-2029 (Kt)
Table 156 South America: Biostimulants Market, by Mode of Application, 2019-2023 (USD Million)
Table 157 South America: Biostimulants Market, by Mode of Application, 2024-2029 (USD Million)
Table 158 South America: Biostimulants Market, by Crop Type, 2019-2023 (USD Million)
Table 159 South America: Biostimulants Market, by Crop Type, 2024-2029 (USD Million)
Table 160 South America: Biostimulants Market, by Form, 2019-2023 (USD Million)
Table 161 South America: Biostimulants Market, by Form, 2024-2029 (USD Million)
11.5.2 Brazil
Table 162 Brazil: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 163 Brazil: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.5.3 Argentina
Table 164 Argentina: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 165 Argentina: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.5.4 Rest of South America
Table 166 Rest of South America: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 167 Rest of South America: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.6 Rest of the World (RoW)
11.6.1 RoW: Recession Impact
Figure 56 RoW: Recession Impact Analysis, 2024
Table 168 RoW: Biostimulants Market, by Subregion, 2019-2023 (USD Million)
Table 169 RoW: Biostimulants Market, by Subregion, 2024-2029 (USD Million)
Table 170 RoW: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 171 RoW: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
Table 172 RoW: Biostimulants Market, by Active Ingredient, 2019-2023 (Kt)
Table 173 RoW: Biostimulants Market, by Active Ingredient, 2024-2029 (Kt)
Table 174 RoW: Biostimulants Market, by Mode of Application, 2019-2023 (USD Million)
Table 175 RoW: Biostimulants Market, by Mode of Application, 2024-2029 (USD Million)
Table 176 RoW: Biostimulants Market, by Crop Type, 2019-2023 (USD Million)
Table 177 RoW: Biostimulants Market, by Crop Type, 2024-2029 (USD Million)
Table 178 RoW: Biostimulants Market, by Form, 2019-2023 (USD Million)
Table 179 RoW: Biostimulants Market, by Form, 2024-2029 (USD Million)
11.6.2 Africa
Table 180 Africa: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 181 Africa: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
11.6.3 Middle East
Table 182 Middle East: Biostimulants Market, by Active Ingredient, 2019-2023 (USD Million)
Table 183 Middle East: Biostimulants Market, by Active Ingredient, 2024-2029 (USD Million)
12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis
Table 184 Biostimulants Market: Degree of Competition, 2023
12.3 Key Players Strategies/Right to Win
Table 185 Overview of Strategies Adopted by Key Players in Biostimulants Market, 2020-2024
12.4 Company Valuation and Financial Metrics
Figure 57 Company Valuation of Few Key Players, 2024 (USD Billion)
Figure 58 EV/Ebitda of Key Companies
12.5 Brand/Product Analysis
Figure 59 Brand/Product Analysis, by Biostimulants Key Brands
12.6 Revenue Analysis
Figure 60 Segmental Revenue Analysis of Key Players, 2021-2023 (USD Billion)
12.7 Company Evaluation Matrix: Key Players
12.7.1 Stars
12.7.2 Emerging Leaders
12.7.3 Pervasive Players
12.7.4 Participants
Figure 61 Biostimulants Market: Company Evaluation Matrix (Key Players), 2023
12.7.5 Company Footprint: Key Players
12.7.5.1 Company Footprint
Figure 62 Overall Company Footprint, 2023
12.7.5.2 Crop Type Footprint
Table 186 Biostimulants Market Footprint, by Crop Type, 2023
12.7.5.3 Active Ingredient Footprint
Table 187 Biostimulants Market Footprint, by Active Ingredient, 2023
12.7.5.4 Form Footprint
Table 188 Biostimulants Market Footprint, by Form, 2023
12.7.5.5 Mode of Application Footprint
Table 189 Biostimulants Market Footprint, by Mode of Application, 2023
12.7.5.6 Regional Footprint
Table 190 Biostimulants Market, by Regional Footprint, 2023
12.8 Company Evaluation Matrix: Startups/SMEs
12.8.1 Progressive Companies
12.8.2 Responsive Companies
12.8.3 Dynamic Companies
12.8.4 Starting Blocks
Figure 63 Biostimulants Market: Company Evaluation Matrix (Startups/SMEs), 2023
12.8.5 Competitive Benchmarking: Startups/SMEs
12.8.5.1 Detailed List of Key Startups/SMEs
Table 191 Biostimulants Market: List of Key Startups/SMEs, 2023
12.8.5.2 Competitive Benchmarking of Key Startups/SMEs
Table 192 Biostimulants Market: Competitive Benchmarking of Key Startups/SMEs
12.9 Competitive Scenario and Trends
12.9.1 Product Launches
Table 193 Biostimulants Market: Product Launches, January 2020-April 2024
12.9.2 Deals
Table 194 Biostimulants Market: Deals, January 2020-April 2024
12.9.3 Expansions
Table 195 Biostimulants Market: Expansions, January 2020-April 2024
13 Company Profiles
13.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
13.1.1 BASF SE
Table 196 BASF SE: Company Overview
Figure 64 BASF SE: Company Snapshot
Table 197 BASF SE: Products/Solutions/Services Offered
Table 198 BASF SE: Deals
13.1.2 Upl
Table 199 Upl: Company Overview
Figure 65 Upl: Company Snapshot
Table 200 Upl: Products/Solutions/Services Offered
Table 201 Upl: Deals
13.1.3 Fmc Corporation
Table 202 Fmc Corporation: Company Overview
Figure 66 Fmc Corporation: Company Snapshot
Table 203 Fmc Corporation: Products/Solutions/Services Offered
Table 204 Fmc Corporation: Expansions
13.1.4 Corteva Agriscience
Table 205 Corteva Agriscience: Business Overview
Figure 67 Corteva Agriscience: Company Snapshot
Table 206 Corteva Agriscience: Products/Solutions/Services Offered
Table 207 Corteva Agriscience: Product Launches
Table 208 Corteva Agriscience: Deals
13.1.5 Syngenta Group
Table 209 Syngenta Group: Business Overview
Figure 68 Syngenta Group: Company Snapshot
Table 210 Syngenta Group: Products/Solutions/Services Offered
Table 211 Syngenta Group: Deals
Table 212 Syngenta Crop: Expansions
13.1.6 Sumitomo Chemical Co. Ltd
Table 213 Sumitomo Chemical Co. Ltd.: Business Overview
Figure 69 Sumitomo Chemical Co. Ltd.: Company Snapshot
Table 214 Sumitomo Chemical Co. Ltd.: Products/Solutions/Services Offered
Table 215 Sumitomo Chemical Co. Ltd.: Deals
Table 216 Sumitomo Chemical Co. Ltd.: Expansions
13.1.7 Rallis India Limited
Table 217 Rallis India Limited: Company Overview
Figure 70 Rallis India Limited: Company Snapshot
Table 218 Rallis India Limited: Products/Solutions/Services Offered
13.1.8 Coromandel International Limited
Table 219 Coromandel International Limited: Company Overview
Figure 71 Coromandel International Limited: Company Snapshot
Table 220 Coromandel International Limited: Products/Solutions/Services Offered
Table 221 Coromandel International Limited: Expansions
13.1.9 Nufarm
Table 222 Nufarm: Company Overview
Figure 72 Nufarm: Company Snapshot
Table 223 Nufarm: Products/Solutions/Services Offered
Table 224 Nufarm: Product Launches
13.1.10 Pi Industries
Table 225 Pi Industries: Company Overview
Figure 73 Pi Industries: Company Snapshot
Table 226 Pi Industries: Products/Solutions/Services Offered
13.1.11 T.Stanes and Company Limited
Table 227 T.Stanes and Company Limited: Company Overview
Figure 74 T.Stanes and Company Limited: Company Snapshot
Table 228 T.Stanes and Company Limited: Products/Solutions/Services Offered
13.1.12 Gowan Company
Table 229 Gowan Company: Company Overview
Table 230 Gowan Company: Products/Solutions/Services Offered
Table 231 Gowan Company: Deals
13.1.13 Ilsa S.P.A.
Table 232 Ilsa S.P.A.: Company Overview
Table 233 Ilsa S.P.A.: Products/Solutions/Services Offered
Table 234 Ilsa S.P.A.: Deals
13.1.14 Haifa Negev Technologies Ltd
Table 235 Haifa Negev Technologies Ltd.: Company Overview
Table 236 Haifa Negev Technologies Ltd.: Products/Solutions/Services Offered
Table 237 Haifa Negev Technologies Ltd.: Product Launches
Table 238 Haifa Negev Technologies Ltd.: Deals
13.1.15 Koppert
Table 239 Koppert: Company Overview
Table 240 Koppert: Products/Solutions/Services Offered
Table 241 Koppert: Deals
Table 242 Koppert: Expansions
13.1.16 Bayer AG
Table 243 Bayer AG: Business Overview
Figure 75 Bayer AG: Company Snapshot
Table 244 Bayer AG: Products/Solutions/Services Offered
Table 245 Bayer AG: Deals
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
13.2 Startups/SMEs
13.2.1 Sustainable Agro Solutions, SAU.
Table 246 Sustainable Agro Solutions, SAU.: Company Overview
Table 247 Sustainable Agro Solutions, SAU.: Products/Solutions/Services Offered
Table 248 Sustainable Agro Solutions, SAU.: Deals
13.2.2 Agritecno Biostimulants and Plant Nutrition
Table 249 Agritecno Biostimulants and Plant Nutrition: Company Overview
Table 250 Agritecno Biostimulants and Plant Nutrition: Products/Solutions/Services Offered
13.2.3 Axeb Biotech Sl
Table 251 Axeb Biotech Sl: Company Overview
Table 252 Axeb Biotech Sl: Products/Solutions/Services Offered
13.2.4 Mafa Bioscience
Table 253 Mafa Bioscience: Company Overview
Table 254 Mafa Bioscience: Products/Solutions/Services Offered
13.2.5 Devi Cropscience
Table 255 Devi Cropscience: Company Overview
Table 256 Devi Cropscience: Products/Solutions/Services Offered
13.2.6 Lawrieco
Table 257 Lawrieco: Company Overview
13.2.7 Omex
Table 258 Omex: Company Overview
13.2.8 Aminocore
Table 259 Aminocore: Company Overview
13.2.9 Biostadt
Table 260 Biostadt: Company Overview
13.2.10 Seipasa, SA
Table 261 Seipasa, SA: Company Overview
14 Adjacent and Related Markets
14.1 Introduction
Table 262 Adjacent Markets
14.2 Research Limitations
14.3 Biopesticides Market
14.3.1 Market Definition
14.3.2 Market Overview
14.3.3 Biopesticides Market, by Source
Table 263 Biopesticides Market, by Source, 2019-2022 (USD Million)
Table 264 Biopesticides Market, by Source, 2023-2028 (USD Million)
14.4 Agricultural Biologicals Market
14.4.1 Market Definition
14.4.2 Market Overview
14.4.3 Agricultural Biologicals Market, by Function
Table 265 Agricultural Biologicals Market, by Function, 2018-2022 (USD Million)
Table 266 Agricultural Biologicals Market, by Function, 2023-2028 (USD Million)
15 Appendix
15.1 Discussion Guide
15.2 Knowledgestore: The Subscription Portal
15.3 Customization Options

Companies Mentioned

  • BASF SE
  • Upl
  • Fmc Corporation
  • Corteva Agriscience
  • Syngenta Group
  • Sumitomo Chemical Co. Ltd
  • Rallis India Limited
  • Coromandel International Limited
  • Nufarm
  • Pi Industries
  • T.Stanes and Company Limited
  • Gowan Company
  • Ilsa S.P.A.
  • Haifa Negev Technologies Ltd
  • Koppert
  • Bayer AG
  • Sustainable Agro Solutions, SAU.
  • Agritecno Biostimulants and Plant Nutrition
  • Axeb Biotech Sl
  • Mafa Bioscience
  • Devi Cropscience
  • Lawrieco
  • Omex
  • Aminocore
  • Biostadt
  • Seipasa, SA

Methodology

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Table Information

Report AttributeDetails
No. of Pages342
PublishedApril 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 4.3 Billion
Forecasted Market Value ( USD ) by 2029 $ 7.6 Billion
Compound Annual Growth Rate12.0%
Regions CoveredGlobal
No. of Companies Mentioned26

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About the Biostimulants Market

Biostimulants are a type of agrochemical and fertilizer that are used to enhance crop growth and development. They are composed of natural substances such as plant extracts, microbial inoculants, and minerals, and are applied to the soil or foliage of plants. Biostimulants can improve crop yields, enhance nutrient uptake, and increase resistance to abiotic and biotic stresses. They can also improve the quality of the crop, such as increasing the sugar content of fruits and vegetables. Biostimulants are becoming increasingly popular in the agricultural industry due to their ability to improve crop yields and quality. They are also seen as a more sustainable alternative to traditional agrochemicals and fertilizers. Some companies in the biostimulants market include BASF, Bayer, Syngenta, Valagro, and Isagro. Show Less Read more

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