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Global Biostimulants Market Size, Share, Forecast: By Active Ingredients: Seaweed Extracts, Humic Substances, Microbial Amendments, Vitamins and Amino Acids, Others; By Crop: Raw Crops, Fruits and Vegetables, Others; By Source; By Application; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032
Global Biostimulants Market Outlook
The global biostimulants market size reached a value of about USD 3.80 billion in 2023. The market is further estimated to grow at a CAGR of 10.70% in the forecast period of 2024-2032 to reach a value of around USD 9.48 billion by 2032.
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Rising Utilisation of Microbial Biostimulants to Propel the Market Growth
Based on the source, the microbial segment is witnessing a steady market growth. The microbial biostimulants are increasingly used by plant growers to obtain agricultural yield with high nutritional value and overcome negative impacts on crops due to environmental changes, which is invigorating the biostimulants market expansion. It can be applied to ameliorate abiotic stress due to climate change. The microbial biostimulants play a critical role in enhancing fruit quality and reducing soil degradation.
In addition, the use of microbial biostimulants leads to a reduced dependency on pesticides, thereby preventing the risk of over fertilisation. The environmentally friendly nature of microbial biostimulants is leading to the rising inclination of plant growers towards the same. The development of biostimulants with new microbial organisms that are safe for both the environment and the consumers is likely to aid the market.
Market Segmentation
A biostimulant is a new product composed of substances that are added to crops in order to enhance their nutrition and plant quality traits, reduce abiotic stress, and create more sustainable agriculture systems. It reduces the need for fertilisers and allows high yields with good quality products. The raw materials used in biostimulant production are humic acids and algae extracts, among others.
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The biostimulants market, by active ingredients, is divided into:
- Seaweed Extracts
- Humic Substances
- Microbial Amendments
- Vitamins and Amino Acids
- Others
Based on crop, the market is segmented into:
- Row Crops
- Fruits and Vegetables
- Turf and Ornamentals
- Others
On the basis of source, the market is bifurcated into:
- Microbial
- Non-microbial
Based on application, the market is classified into:
- Foliar Treatment
- Seed Treatment
- Soil Treatment
The regional markets for biostimulants can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Emerging Need for Food Security to Drive the Biostimulants Market Growth
The need to reduce crop losses and boost agricultural productivity to meet the food demands of a growing population is contributing to the market expansion of biostimulants. The rising global warming and the necessity to increase plant resilience towards climate-induced stresses also play a critical role in propelling the market growth.
The rising environmental concerns over the use of chemicals in the agricultural sector are leading to the market growth of biostimulants. The decreasing arable land due to erosion and the loss of natural ecosystems are resulting in the growing demand for biostimulants among plant growers, which is significantly catalysing the biostimulants market development.
The government initiatives towards promoting organic farming to achieve environmental sustainability and security are fuelling the market growth of biostimulants. For instance, in 2023, the European Commission called for European agri-food promotion programmes in the EU and abroad to promote organic products, fruits and vegetables, and sustainable agriculture that support the European Green Deal objectives. Additionally, the strong foothold of market players, the new product launches, and the increasing research activities are expected to augment the market for biostimulants.
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Key Players in the Global Biostimulants Market
The report offers an in-depth analysis of the following key players in the market, covering the competitive landscape and latest developments like new investments, mergers and acquisitions, and plant turnarounds:
- Valagro S.p.A
- BASF SE
- Isagro S.p.A.
- Biostadt India Limited
- Biochimica S.p.A
- Others
The comprehensive EMR report provides an extensive assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Active Ingredients |
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| Breakup by Crop |
|
| Breakup by Source |
|
| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Biostimulants Market Analysis
8.1 Key Industry Highlights
8.2 Global Biostimulants Historical Market (2018-2023)
8.3 Global Biostimulants Market Forecast (2024-2032)
8.4 Global Biostimulants Market by Active Ingredients
8.4.1 Seaweed Extracts
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Humic Substances
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Microbial Amendments
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Vitamins and Amino Acids
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Biostimulants Market by Crop
8.5.1 Raw Crops
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Fruits and Vegetables
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Turf and Ornamentals
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Biostimulants Market by Source
8.6.1 Microbial
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Non-microbial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Biostimulants Market by Application
8.7.1 Foliar Treatment
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Seed Treatment
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Soil Treatment
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.8 Global Biostimulants Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Valagro S.p.A
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 BASF SE
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Isagro S.p.A.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Biostadt India Limited
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Biochimica S.p.A
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Biostimulants Market: Key Industry Highlights, 2018 and 2032
2. Global Biostimulants Historical Market: Breakup by Active Ingredients (USD Billion), 2018-2023
3. Global Biostimulants Market Forecast: Breakup by Active Ingredients (USD Billion), 2024-2032
4. Global Biostimulants Historical Market: Breakup by Crop (USD Billion), 2018-2023
5. Global Biostimulants Market Forecast: Breakup by Crop (USD Billion), 2024-2032
6. Global Biostimulants Historical Market: Breakup by Source (USD Billion), 2018-2023
7. Global Biostimulants Market Forecast: Breakup by Source (USD Billion), 2024-2032
8. Global Biostimulants Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Biostimulants Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Biostimulants Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Biostimulants Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Biostimulants Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Biostimulants Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Biostimulants Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Biostimulants Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Biostimulants Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Biostimulants Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Biostimulants Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Biostimulants Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Biostimulants Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Biostimulants Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Biostimulants Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 3.80 billion.
Natural biostimulants are extracts of leaf, root, and seeds that create a positive impact on the plant production due to the presence of bioactive compounds, like phytohormones and other nutrients.
Plant-based biostimulants are prepared through the process of enzymatic hydrolysis.
The major market drivers include the necessity to tolerate abiotic stress of crops, increased use by plant growers to obtain agricultural yield with high nutritional value, decreasing arable land, and loss of natural ecosystems.
The key trends in the market include the emerging need for food security, rising environmental consciousness, government initiatives towards organic farming, and new product launches by market players.
The significant active ingredients of biostimulants include seaweed extracts, humic substances, microbial amendments, and vitamins and amino acids, among others.
The market is assessed to grow at a CAGR of 10.70% between 2024 and 2032.
The various crops of biostimulants include raw crops, fruits and vegetables, and turf and ornamentals, among others.
The major sources of biostimulants include microbial and non-microbial.
The different applications of the product include foliar treatment, seed treatment, and soil treatment.
The major players in the market are Valagro S.p.A, BASF SE, Isagro S.p.A., Biostadt India Limited, and Biochimica S.p.A, among others.
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