Biostimulants Market Size is estimated to grow at a CAGR of 11.5% during the forecast period
The global
biostimulants market is
estimated to witness growth at a compounded annual growth rate (CAGR) of 11.5%
during the forecast period of 2022 to 2030.
Oilseeds, soil, grains, fruits, vegetables, and other
plantation crops may be treated with biostimulants, which are organic chemicals
or substances based on microbes, to increase their metabolism, nutrient
availability, tolerance to environmental stresses like disease or drought,
water holding capacity, and chlorophyll production. These biologically produced
fertilizers also encourage plant root growth and cell expansion while boosting
antioxidant activity.
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GROWTH DRIVERS:
In addition, both the demand for food and the world
population are expanding quickly. However, the food industry is currently
dealing with a number of previously unheard-of difficulties, such as
environmental dangers, including the negative effects of climate change,
overuse of natural resources, such as the excessive application of
chemical-based products to crops, loss of biodiversity, and food loss and
waste. Because of this, the industry is no longer able to meet public needs.
Here, biostimulants are increasingly employed alongside organic manure to
improve soil fertility and plant health and are emerging as a crucial part of
sustainable farming methods. Due to their environmental friendliness, they are
replacing chemical-based agroproducts more and more, which is causing their
market to expand.
Ample growth opportunities for the global biostimulants
market are also anticipated during the forecast period due to
additional factors including the proliferation of new bio-based product
introductions, rising disposable incomes and consumer spending, the expansion
of market players offering specialized product solutions tailored to crop type
and soil, and farmer training and education initiatives.
BIOSTIMULANTS MARKET SEGMENTATION:
By Active Ingredients:
· Acid-based
o Humic Acid
o Fulvic Acid
o Amino Acids
· Extract-based
o Seaweed
extracts
o Other
Botanical Extracts
· Microbial
Amendments
· Others
o Vitamins
o Trace
Minerals
o Polysaccharides
By Application:
· Soil
Treatment
· Seed
Treatment
· Foliar
Spray
By Form:
· Liquid
· Dry
By Crop Type:
· Cereals
& Grains
· Oilseeds
& Pulses
· Fruits
& Vegetables
· Turfs
& Ornamentals
· Others
o Forage
o Plantation
Crops
By Region:
· North
America
· Europe
· Asia
Pacific
· Latin
America
· Middle
East and Africa
KEY COMPANIES IN BIOSTIMULANTS MARKET:
· Bayer
AG
· Syngenta
AG
· BioAtlantis
Ltd.
· Agrinos
Inc.
· Andermatt
Biocontrol AG
· Som
Phytopharma India Limited
· Novozymes
A/S
· BASF
SE
· Valagro
S.p.A
· FMC
Corporation
· Rallis
India Limited
· Haifa
Group
· Marrone
Bio Innovations Inc.
· Biolchim
SpA
· Italpollina
SpA
· Biostadt
India Limited
· Olmix
S.A.
· Plant
Health Care plc
· EuroChem
Group AG
· Other
Players
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