Global Biostimulants Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Biostimulants Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Active Ingredient (Acid based, Seaweed Extract, Microbial, and Others), Crop Type (Row Crops & Cereals, Fruits and vegetables, Turf and Ornamentals, and Others), Application (Foliar Treatment, Soil Treatment, and Seed Treatment), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Biostimulants Market was valued at USD 2,813.2 million in 2023 and is expected to reach USD 4,980.1 million by 2031 while growing at a CAGR of 7.4% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global biostimulants market growth. Biostimulants enhance nutrient uptake, stress tolerance, and overall plant growth. Unlike fertilizers, which solely provide essential nutrients, biostimulants operate through diverse mechanisms, improving physiological processes, nutrient efficiency, and the plant's response to environmental stress.
Increasing population and food demand, coupled with a growing awareness of the environmental impact of conventional farming, are propelling the biostimulants market. Nevertheless, obstacles such as the high cost of biostimulant products and a lack of standardization and regulation may impede its growth.
Furthermore, the global biostimulants industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Active Ingredient Analysis
The Global Biostimulants Market is segmented among Acid based, Seaweed Extract, Microbial, and Others, based on Active Ingredient. In 2023, Acid based accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Crop Type Analysis
The Global Biostimulants Market is segmented among Row Crops & Cereals, Fruits and vegetables, Turf and Ornamentals, and Others, based on Crop Type. In 2023, Row Crops & Cereals accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Biostimulants Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are BASF SE, Isagro Group, Sapec Agro S.A., Biolchim S.P.A., Novozymes A/S, Platform Specialty Products Corporation, Valagro SpA, Koppert B.V., Italpollina SAP, Biostadt India Limited.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Biostimulants Market Dynamics
Drivers
Restraints
Opportunity
4. Global Biostimulants Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Biostimulants Market Segmentation, By Active Ingredient
Global Biostimulants Market Share Analysis, By Active Ingredient
Global Biostimulants Market Growth Analysis, By Active Ingredient
Global Biostimulants Market Trends, By Active Ingredient
o Acid based
o Seaweed Extract
o Microbial
o Others
6. Global Biostimulants Market Segmentation, By Crop Type
Global Biostimulants Market Share Analysis, By Crop Type
Global Biostimulants Market Growth Analysis, By Crop Type
Global Biostimulants Market Trends, By Crop Type
o Row Crops & Cereals
o Fruits and vegetables
o Turf and Ornamentals
o Others
7. Global Biostimulants Market Segmentation, By Application
Global Biostimulants Market Share Analysis, By Application
Global Biostimulants Market Growth Analysis, By Application
Global Biostimulants Market Trends, By Application
o Foliar Treatment
o Soil Treatment
o Seed Treatment
8. Global Biostimulants Market Segmentation, By Region
Global Biostimulants Market Share Analysis, By Region
Global Biostimulants Market Growth Analysis, By Region
Global Biostimulants Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
BASF SE*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Isagro Group
Sapec Agro S.A.
Biolchim S.P.A.
Novozymes A/S
Platform Specialty Products Corporation
Valagro SpA
Koppert B.V.
Italpollina SAP
Biostadt India Limited
*Similar analysis will be provided for each company listed above.
