Global Biostimulants Market Overview
According to SPER Market Research, the Global Biostimulants Market is estimated to reach USD 10.89 billion by 2032 with a CAGR of 12.02%.
Biostimulants are chemicals or microbes that are added to soil, seeds, or plants to encourage the growth of natural processes that increase nutrient uptake and abiotic stress resistance. Utilizing biostimulants comes with a number of advantages. They can improve biological efficiencies when selected and used properly, leading to the development of a better crop with more nutrients and output at a higher yield. Biostimulants are incredibly helpful in reducing agricultural stress. The plant can continue to develop and provide a better return on investment if abiotic stress is reduced. Growers are able to produce a crop of better quality by using a biostimulant. Choosing biostimulants from a reputable source is required, and choosing products that are backed by data from real-world field tests and research is important.
Biostimulants, like soil conditioners, have all the properties to increase crop production, supporting and meeting the future's food requirements. Additionally, it can assist the farming community in achieving food production goals, mitigating the impacts of unfavorable weather, and increasing profits through higher-quality produce. Biostimulants can also significantly reduce the need for chemical pesticides and fertilizers, giving farmers a sustainable alternative without harming the ecosystem. Natural substances make up biostimulants. Products for biostimulation may contain a variety of ingredients, including bacteria, yeast, fermented metabolites, algae or plant extracts, amino acids, humus substances, biomolecules, fungi, etc. Depending on their intended use and the requirements of farms, they may come in a variety of shapes, including micro granules, powders, and liquid mixtures. Both leaves and stems can be used to apply these biostimulants.
Impact of COVID-19 on the Global Biostimulants Market
The Covid-19 outbreak had varying degrees of effect on almost every industry, including agriculture. Several nations implemented full or partial lockdowns to stop the disease's spread, which originally slowed production and disrupted the product's supply chain. Biostimulants are made from a variety of basic materials, including protein hydrolysates, amino acids, and others. Transporting these raw materials was challenging due to the stringent travel limits put in place during the early stages of the pandemic outbreak.
Additionally, the demand for the product is anticipated to increase at a reasonable rate due to the rising demand for bio-based, secure, and sustainable agri-inputs. Moreover, it is expected that this market will stabilize and prosper in the upcoming months thanks to ongoing efforts of major players in it, including Syngenta and Novozymes, to maintain operations while implementing safety measures.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Active Ingredient, By Application, By Crop Type, By Formulation
|
| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Valagro SpA, Sapec Agro S.A., Platform Specialty Products Corp., Novozymes A/S, Koppert B.V., Italpollina SAP, Isagro Group, Biostadt India Ltd., Biolchim SpA, BASF SE, Hello Nature, Lallemand, Agriculture Solutions Inc.
|
Target Audience:
- Biostimulants material suppliers
- Biostimulants manufacturers
- Intermediate suppliers, such as traders and distributors of biostimulants
- Manufacturers of food & beverages, raw material suppliers and distributors
- Government and research organizations
Global Biostimulants Market Segmentation:
1. By Active Ingredients:
- Amino Acid
- Humic Substances
- Microbial Amendments
- Seaweed Extracts
2. By Application:
- Foliar treatment
- Seed treatment
- Soil treatment
3. By Crop Type:
- Cereals & Grains
- Fruits & Vegetables
- Oil Seeds & Pulses
- Others
4. By Formulation:
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Biostimulants Market (FY’2019-FY’2032)
- Overview of Global Biostimulants Market
- Segmentation of Global Biostimulants Market By Active Ingredient (Amino Acid, Humic Substances, Microbial Amendments, Seaweed Extracts, Others)
- Segmentation of Global Biostimulants Market By Application (Foliar treatment, Seed treatment, Soil treatment, Others)
- Segmentation of Global Biostimulants Market By Crop Type (Cereals & Grains, Fruits & Vegetables, Oil Seeds & Pulses, Others)
- Segmentation of Global Biostimulants Market By Formulations (Dry, Liquid)
- Statistical Snap of Global Biostimulants Market
- Growth Analysis of Global Biostimulants Market
- Problems and Challenges in Global Biostimulants Market
- Competitive Landscape in the Global Biostimulants Market
- Impact of COVID-19 and Demonetization on Global Biostimulants Market
- Details on Recent Investment in Global Biostimulants Market
- Competitive Analysis of Global Biostimulants Market
- Major Players in the Global Biostimulants Market
- SWOT Analysis of Global Biostimulants Market
- Global Biostimulants Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Biostimulants Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Biostimulants Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Biostimulants Market
7. Global Biostimulants Market, By Active Ingredients, 2019-2032 (USD Million)
7.1 Amino Acid
7.2 Humic Substances
7.3 Microbial Amendments
7.4 Seaweed Extracts
7.5 Others
8. Global Biostimulants Market, By Application, 2019-2032 (USD Million)
8.1 Foliar treatment
8.2 Seed treatment
8.3 Soil treatment
8.4 Others
9. Global Biostimulants Market, By Crop Type, 2019-2032 (USD Million)
9.1 Cereals & Grains
9.1.1 Corn
9.1.2 Wheat
9.1.3 Rice
9.2 Fruits & Vegetables
9.2.1 Pome Fruit
9.2.2 Citrus Fruit
9.2.3 Berries
9.2.4 Root and Tuber Vegetable
9.2.5 Leafy Vegetable
9.3 Oil Seeds & Pulses
9.3.1 Soybean
9.3.2 Sunflower
9.4 Others
10. Global Biostimulants Market, By Formulation, 2019-2032 (USD Million)
10.1 Dry
10.2 Liquid
11. Global Biostimulants Market, By Region, 2019-2032 (USD Million)
11.1 Global Biostimulants Market Size and Market Share by Region (2019-2025)
11.2 Global Biostimulants Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 Valagro SpA
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Sapec Agro S.A.
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Platform Specialty Products Corp.
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Novozymes A/S
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Koppert B.V.
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Italpollina SAP
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Isagro Group
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Biostadt India Ltd.
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Biolchim SpA
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 BASF SE
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Hello Nature
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 Lallemand
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 Agriculture Solutions Inc.
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
