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North America Biostimulants Market Size, Analysis, Trends: By Crop Type: Row Crops, Fruits and Vegetables, Turf and Ornamentals, Others; By Form: Liquid, Dry; By Active Ingredient: Seaweed Extracts, Humic Acids, Amino Acids, Microbial Amendments, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032
North America Biostimulants Market Outlook
The North America biostimulants market size reached USD 1.22 billion in 2023. The market is expected to grow at a CAGR of 9.4% between 2024 and 2032, reaching almost USD 2.75 billion by 2032.
Key Takeaways
- As per industry reports, in North America, organic crop cultivation covered 1.5 million hectares in 2021, marking a 13.5% increase from 2017 to 2022, with the United States leading at 623.0 thousand hectares.
- Key organic farming states include California, Maine, and New York. Mexico ranks second with 531.1 thousand hectares, recognised globally for organic coffee exports, notably from regions like Chiapas and Oaxaca.
- Efforts by organisations like the National Association for Organic Agriculture, along with government support, aim to boost organic farming in Mexico through financial aid and research initiatives.
The North America biostimulants market is expected to witness growth driven by factors like the shift towards sustainable agriculture and increasing demand for eco-friendly products enhancing crop yield and quality. Protein hydrolysates, known for improving crop performance under adverse conditions, dominate the market. Humic acid also shows promise in boosting crop yield, especially in greenhouses and growth chambers.
Amino acids like L-proline and L-Glycine are common biostimulants enhancing various plant processes. As demand for organic farming rises, biostimulants are expected to play a vital role. In the United States, with its advanced agricultural sector, there's a growing preference for biostimulants due to their ability to enhance crop performance while addressing concerns about the environmental impacts of chemical used in the farming process.
As per the North America biostimulants market analysis, the industry is notably witnessing the focus of key players on product quality and expansion to meet growing demand, offering high-value, eco-friendly solutions. However, challenges like government restrictions on raw material trade may arise. Biostimulants also hold potential in forestry and agriculture to enhance root and shoot growth, crucial for food security and public health. Initiatives globally aim to inform farmers about bio-based agricultural solutions' advantages amidst shrinking farmland and rising population.
The demand for high-value crops is increasing due to rising incomes, urbanisation, and health awareness, driving foreign direct investment in agriculture. Biostimulants find significant use in permanent croplands, especially in high-value crops like fibre crops and plantation crops, where they improve crop quality and yield.
Market Segmentation
North America Biostimulants Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Crop Type
- Row Crops
- Fruits and Vegetables
- Turf and Ornamentals
- Others
Market Breakup by Form
- Liquid
- Dry
Market Breakup by Active Ingredient
- Seaweed Extracts
- Humic Acids
- Amino Acids
- Microbial Amendments
- Others
Market Breakup by Application
- Foliar Treatment
- Soil Treatment
- Seed Treatment
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
Biostimulants is an emerging market, thus companies are developing a wide range of innovative products to stay ahead in the market.
- FMC Corporation
- Corteva Agriscience
- UPL Ltd.
- Syngenta Crop Protection AG
- Novozymes A/S
- Haifa Negev technologies Ltd.
- Agrinos
- Hello Nature USA Inc.,
- Humic Growth Solutions Inc.
- Sigma AgriScience, LLC
- Others
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 Crop Type |
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| Breakup by Form |
|
| Breakup by Active Ingredient |
|
| 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
7 Opportunities and Challenges in the Market
8 Global Biostimulants Market Overview
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 Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Biostimulants Market Overview
9.1 Key Industry Highlights
9.2 North America Biostimulants Historical Market (2018-2023)
9.3 North America Biostimulants Market Forecast (2024-2032)
10 North America Biostimulants Market by Crop Type
10.1 Row Crops
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Fruits and Vegetables
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Turf and Ornamentals
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 North America Biostimulants Market by Form
11.1 Liquid
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Dry
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 North America Biostimulants Market by Active Ingredient
12.1 Seaweed Extracts
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Humic Acids
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Amino Acids
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Microbial Amendments
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 North America Biostimulants Market by Application
13.1 Foliar Treatment
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Soil Treatment
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Seed Treatment
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 North America Biostimulants Market by Country
14.1 United States of America
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Canada
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Value Chain Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 FMC Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Corteva Agriscience
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 UPL Ltd.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Syngenta Crop Protection AG
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Novozymes A/S
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Haifa Negev technologies Ltd.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Agrinos
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Hello Nature USA Inc.,
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Humic Growth Solutions Inc.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Sigma AgriScience, LLC
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Biostimulants Market: Key Industry Highlights, 2018 and 2032
2. North America Biostimulants Market: Key Industry Highlights, 2018 and 2032
3. North America Biostimulants Historical Market: Breakup by Crop Type (USD Billion), 2018-2023
4. North America Biostimulants Market Forecast: Breakup by Crop Type (USD Billion), 2024-2032
5. North America Biostimulants Historical Market: Breakup by Form (USD Billion), 2018-2023
6. North America Biostimulants Market Forecast: Breakup by Form (USD Billion), 2024-2032
7. North America Biostimulants Historical Market: Breakup by Active Ingredient (USD Billion), 2018-2023
8. North America Biostimulants Market Forecast: Breakup by Active Ingredient (USD Billion), 2024-2032
9. North America Biostimulants Historical Market: Breakup by Application (USD Billion), 2018-2023
10. North America Biostimulants Market Forecast: Breakup by Application (USD Billion), 2024-2032
11. North America Biostimulants Historical Market: Breakup by Country (USD Billion), 2018-2023
12. North America Biostimulants Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. North America Biostimulants Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 1.22 billion in 2023.
The market is projected to grow at a CAGR of 9.4% between 2024 and 2032.
The biostimulants market is expected to witness significant growth to reach USD 2.75 billion in 2032.
The biostimulants market is categorised according to its crop type, which includes row crops, fruits and vegetables, turf and ornamentals, others.
The key market players are FMC Corporation, Corteva Agriscience, UPL Ltd., Syngenta Crop Protection AG, Novozymes A/S, Haifa Negev technologies Ltd., Agrinos, Hello Nature USA Inc., Humic Growth Solutions Inc., Sigma AgriScience, LLC, and others.
The market is driven by factors that include shift towards sustainable agriculture and increasing demand for eco-friendly products enhancing crop yield and quality.
The market is categorised according to its form, which includes liquid and dry.
According to the report, the leading biostimulants in demand include humic and fulvic acid, followed by amino acids, microbial stimulants, seaweed extracts, vitamins, and minerals.
The increasing adoption of organic farming methodology, increasing demand for organic products to mitigate chemical induced products, among others are expected to be the key trends guiding the growth of the market.
Biostimulants come in diverse formulations featuring various ingredients. Among the most favoured ingredients are humic substances (including humic and fulvic acids), seaweed extracts, beneficial bacteria, and beneficial fungi.
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