USD 3 Billion
Biostimulants Market Size, Share, and Growth Analysis
Biostimulants Market By Active Ingredient (Acid Based, Microbials), By Crop Type, By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15C2086 |
Region:
Global |
Published Date: December, 2024
Pages:
209
|Tables:
0
|Figures:
0
Format -
Biostimulants Market Insights
Biostimulants Market size was valued at USD 3 Billion in 2023 and is poised to grow from USD 3.23 Billion in 2024 to USD 5.35 Billion by 2032, growing at a CAGR of 7.5% during the forecast period (2025-2032).
Biostimulants are organic products that are used to improve the quality and yield of crops by stimulating their natural processes. Growing adoption of sustainable farming practices around the world is projected to primarily drive up the demand for biostimulants. Rising demand for organic food products and increasing interest in organic farming are also slated to uplift the sales of biostimulants in the future. The rapidly expanding global population and the need to satisfy the food demand for this population is also expected to promote the adoption of biostimulants in farming and agriculture over the coming years. Advancements in the research and development of biostimulants products and supportive government initiatives to promote their usage are also estimated to favor biostimulants market growth in the long run. Targeting agricultural countries such as India and China will be highly rewarding for all biostimulants companies across the study period and beyond. However, lack of awareness, high competition from chemical pesticides and fertilizer, and lack of scientific evidence for efficacy of biostimulants are prime restraints that are slated to slow down growth as per this biostimulants market analysis.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Foliar Treatment
Fastest Growth
Seed Treatment
Growth Rate
7.5% CAGR
Global Biostimulants Market ($ Bn)
Country Share for Europe Region (%)
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Biostimulants Market Segments Analysis
Global Biostimulants Market is segmented by Active Ingredient, Crop Type, Application and Region. Based on Active Ingredient, the market is segmented into Acid Based, Seaweed Extract, Microbials, Others. Based on Crop Type, the market is segmented into Row Crops and Cereals, Fruits and Vegetables, Turf and Ornaments, Others. Based on Application, the market is segmented into Foliar Treatment, Soli Treatment, Seed Treatment. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Crop Type
Row crops and cereals account for a prominent chunk of the global biostimulants market share. High consumption of cereal & grains as a staple food on a global level allows this segment to maintain its dominant stance. The surging demand for exports of commodity crops such as barley, millet, and soybeans are also expected to create new opportunities for bio stimulant companies targeting this segment over the coming years. Growing demand for better yields on row crops and cereals owing to their global consumption is projected to bolster the adoption of novel biostimulants in the future.
The use of biostimulants for fruits and vegetables is projected to increase at an impressive pace across the study period and beyond. The growing popularity of veganism and rising consumption of plant-based food products are promoting the sales of fruits and vegetables. Farmers are focusing on making their fruits and vegetables more commercially appealing through the use of biostimulants to improve their appearance and nutritional characteristics as well. Rising health consciousness among people and surging demand for organic fruits and vegetables are also expected to offer new opportunities for companies involved in the biostimulants industry as per this biostimulants market analysis.
Analysis by Application
The foliar treatment application is forecasted to spearhead the global biostimulants demand outlook. The application of biostimulants on leaves to improve their nutrient absorption capabilities is known as foliar treatment. The majority of biostimulants used in foliar application are in liquid form as they are easier to apply and are used for a wide variety of leaves and crops. Glycine betaine, IPA, and chelated nutrients are projected to be some of the most popular active ingredients used in biostimulants developed for foliar treatment applications. Foliar application of biostimulants also helps improve the cellular activity of crops to improve their health.
Meanwhile, the demand for biostimulants for seed treatment is slated to rise at a rapid pace over the coming years. Less labor and low costs required to achieve desired results using seed treatment is a key factor that is generating new opportunities for bio stimulant companies operating in this segment. Seed dressing, seed pelleting, and seed coating are some highly popular seed treatment applications that bio stimulant providers can focus on to maximize their revenue generation potential in the future. Growing investments in research and development of novel biostimulants aimed at seed treatment will also be a key biostimulants market trend for companies to focus on going forward.
Global Biostimulants Market By Application
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Biostimulants Market Regional Insights
Europe takes the top spot when it comes to adoption of biostimulants on a global level. High adoption of sustainable agriculture practices and surging demand for organic food products are key factors that help Europe maintain its lead in the global biostimulants market forecast. High consumer awareness regarding sustainability, supportive government initiatives to promote sustainable farming, and growing demand for plant-based food products are also expected to generate new business scope for biostimulants providers in the long run. Germany, France, Italy and the United Kingdom are slated to be the top markets for companies looking to dominate the European demand outlook for biostimulants in the long run.
On the other hand, the demand for biostimulants in the Asia Pacific is slated to rise at an impressive pace. The presence of key agricultural economies, supportive government initiatives to promote adoption of biostimulants, and increasing awareness regarding the benefits of biostimulants are some key prospects that help generate new opportunities for market players. China and India are slated to be the most opportune markets in this region for biostimulant companies. Taking advantage of government subsidies and rising adoption of precision and sustainable agriculture practices are also estimated to create new business opportunities for bio stimulant companies operating in the Asia Pacific region.
Global Biostimulants Market By Region
- Largest
- Fastest
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Biostimulants Market Dynamics
Drivers
Rise of Organic Farming
- Organic farming has emerged in popularity across the world, and this is mostly due to rising awareness regarding the ill-effects of chemical use in agriculture. Increasing health consciousness and rising emphasis on adoption of sustainable agricultural practices are also contributing to the popularity of organic farming and thereby promoting sales of biostimulants.
Surge in Global Food Demand
- The global population is expanding at a rapid pace and keeping up the rising food demand is getting difficult for farmers around the world. The use of biostimulants allows farmers to enhance their productivity and improve agricultural yield as well, thereby allowing them to satisfy the rapidly increasing food demand.
Restraints
Limited Scientific Evidence for Biostimulants
- While biostimulants have been proven to help promote plant growth the same is not backed by long-term scientific data and inconsistent results across different climates and soil conditions. This lack of scientific evidence introduces market skepticism and slows down the overall biostimulants market outlook especially in developing countries where farmers are quite bia towards traditional practices.
Lack of Awareness
- Biostimulants are relatively new in the field of agriculture, which is why not many farmers are aware of their usage benefits and this lack of awareness is projected to impede bio stimulant demand outlook going forward. This factor is estimated to hinder bio stimulant sales in developing and under-developed countries as awareness among farmers regarding new products is quite limited.
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Biostimulants Market Competitive Landscape
Investing in the research and development of biostimulants that are backed by scientific research and evidence should be the prime focus of all biostimulants companies. Creating awareness in developing and underdeveloped countries will also be a key strategy for biostimulants market players going forward. Collaborations are also expected to be popular strategies for biostimulants companies looking to fast track their R&D cycles and promote new product launches to enhance their market share in the future.
Top Players in Biostimulants Market
- BASF SE (Germany)
- UPL (India)
- FMC Corporation (United States)
- Rallies India Limited (India)
- Sumitomo Chemical Co., Ltd. (Japan)
- Corteva (United States)
- 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 (United States)
- Koppert (Netherlands)
- Biolchim (Italy)
- Valagro (Italy)
- Trade Corporation International (United States)
- Andermatt Biotec AG (Switzerland)
- Arysta LifeScience (Japan)
Recent Developments
- In March 2024, a new range of bio-based plant stimulants was launched by UPM Biochemicals, a company based in Germany. UPM Solargo biostimulants are designed to improve crop health and yield by promoting soil health and water retention for sustainable farming as its popularity rises around the world.
- In November 2023, at the Biostimulant World Congress in Milan, Italy, a new brand of biostimulants was launched by Yara. YaraAmplix will be focused on providing products and solutions that enhance crop yield and quality while using natural ingredients such as seaweed and plant extracts going forward.
- Back in July 2023, a new range of biostimulants was launched in the United Kingdom market by Bionema Group Ltd. The new portfolio of biostimulants was suited for use in agriculture, horticulture, forestry, and turf and amenities as they were developed through extensive research spanning across 10 years.
Biostimulants Key Market Trends
- Expansion in Emerging Markets: Biostimulant companies can focus on expanding their business in emerging markets in the regions of Latin America, Asia Pacific, and Africa to improve their global revenue generation potential. Growing agricultural activity in these regions and rising adoption of sustainable farming practices are slated to create new opportunities for biostimulant providers in the long run.
- Development of Microbial Biostimulants: Biostimulants made from microbes or fungi are extremely effective and are estimated to be highly beneficial for crop growth. Microbial biostimulants are gaining popularity due to their ability to naturally support soil fertility and boost plant growth whilst keeping in line with the modern sustainability trends of agriculture.
Biostimulants Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising demand for organic food products and increasing health consciousness among consumers are key factors promoting the demand for biostimulants around the world. On the contrary, lack of awareness and limited scientific evidence for biostimulant usage are slated to be key constraints for biostimulants market development in the future. Europe is forecasted to spearhead the sales of biostimulants on a global level owing to the high adoption of sustainable farming practices in this region. The development of microbial biostimulants and targeting emerging markets in Africa and Asia Pacific are slated to be key biostimulants market trends that companies can focus on in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3 Billion |
| Market size value in 2032 | USD 5.35 Billion |
| Growth Rate | 7.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Biostimulants Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Biostimulants Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Biostimulants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Biostimulants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Biostimulants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Biostimulants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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