Biostimulants Market Size, Share & Analysis Report, 2023-2032
The global biostimulants market size was exhibited at USD 3.81 billion in 2022 and is projected to hit around USD 10.85 billion by 2032, growing at a CAGR of 11.03% during the forecast period 2023 to 2032.
Key Pointers:
Biostimulants Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 4.23 Billion |
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Market Size by 2032 |
USD 10.85 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 11.03% |
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Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
Form, Active Ingredient, Crop Type, Application |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
BASF SE, UPL, Gowan Group, ILSA S.p.A, Haifa Group, Rallis India Limited, FMC Corporation, Valagro S.p.A |
Food and agricultural production systems worldwide are facing unprecedented challenges, from the increasing demand for food for a growing population, rising hunger and malnutrition, adverse climate change effects, overexploitation of natural resources, loss of biodiversity, and food loss and waste. These challenges can undermine the world’s capacity to meet its food needs now and in the future.
According to FAO, in 2021, organic agriculture will be practiced in 187 countries, and 72.9 million hectares of agricultural land will be managed organically. The global sales of organic food and drinks reached more than USD 103.68 billion in 2019. There is a paradigm shift in India post the COVID-19 pandemic as consumers began to buy more organic foods as a preventive health measure. Organically grown fresh fruit has taken a leading position in international trade. The production and sales of organic food are from developed countries, but even developing countries have begun to produce and export organic foods and products. According to APEDA, India is the leading exporter of organic tea and coffee, spices, and condiments. India also exports organic fruits and vegetables. The rich nutritional value of organic fruits and vegetables is the main reason for their demand in the domestic and global markets. Organic foods have more antioxidants than conventionally grown varieties, making them more beneficial for health, including cancer prevention.
Biostimulants Market Dynamics
Drivers: Increase in need for sustainable agriculture
A high level of hunger and malnutrition is one of the major challenges that the world is facing today. To meet the increasing demand for food from over 9 billion people by 2050, immense pressure on agriculture will be exerted to produce crops with a high-quality yield. Simultaneously, one-third of the total food production is wasted globally throughout the supply chain, incurring enormous environmental and financial costs.
Agricultural producers are required to identify possible ways to be more efficient and effective in the coming decade. Biostimulants can sustainably address this issue by providing protection against stress, thereby stimulating the plant’s growth. The market for biostimulants is expected to grow in the coming years due to the increasing consumer awareness about the benefits of organic foods, the implementation of organic regulations, and the adoption of GLOBALGAP (Global Good Agricultural Practices) policies. A large variety of crops, such as fruits & vegetables and cereals, have been gaining support for organic practices from government subsidies and financial aids as well as research assistance from organizations and regulatory bodies, such as FiBL (Research Institute of Organic Agriculture, Switzerland), and USDA (US).
Restraints: Commercialization of low quality biostimulant products
Lack of transparency in patent protection laws in various countries has led to the prevalence of low-quality products. Even though the biostimulants market has limited entry barriers and allowed many competitors to commence operations, the nature of the market has become fragmented into smaller pockets of market holdings. This has been a factor in introducing low-quality products in the market by regional or local manufacturers to reap the benefits of the growing demand for biostimulants. The low prices of these products from small-scale domestic manufacturers also attract farmers to purchase them. Similar product formulations from many competitors reduce consumer loyalty as well as the brand value of the products. The biostimulants market is expected to be a niche market experiencing strong growth trends, which has to be capitalized on by developing innovative products that act on a wide range of crops with better results. When a company does not develop its unique selling proposition in the biostimulants market, it would find difficulty expanding its presence other than in the regional market.
Opportunities: Growing demands for seed treatment
According to MarketsandMarkets insights, there is a growing demand for biostimulant treated seeds globally. The production of high-quality and effective seeds is essential for obtaining a higher crop yield. Biostimulants facilitate an increase of seed vigor during the crucial growth phases, due to which they are being used globally for seed treatment purposes. In addition, many companies have already started exploring this segment with increased investments in R&D activities. The right combination of synthetic crop protection and biological-based seed treatments is proving to be useful. Cotton seedlings were the first to be treated on a large scale with biological solutions in the US in 1999; the industry has grown since. Seed treatment provides an efficient mechanism for enhancing the activity of seeds in the soil environment, where they are appropriately positioned to colonize seedlings and roots and protect them against soil-borne diseases and pests.
Global initiatives such as the “Good Seed Initiative by Commonwealth Agricultural Bureaux International (CABI) for the Sub-Saharan, African and Asian countries and the SeEdQUAL by Consultative Group on International Agricultural Research (CGIAR) are driving the use of effective biostimulants in the global seed treatment industry. The biostimulant seed treatment products not only help in protecting seeds but also act as seed enhancers. With the intervention of changes in different formulations and active ingredients, these biostimulants, in combination with biopesticides, bioinsecticides, and other biocontrols, provide a broad spectrum of protection from insects, diseases, and nematodes. By establishing a symbiotic relationship between roots and soil, biostimulants provide essential benefits to crop efficiency and productivity. Such innovations are expected to offer growth opportunities for key players in the market.
Challenges: Regulatory barriers
Biostimulants have not yet been governed under any standard categorization across the globe. They are not classified as a specific category with a consistent global definition. According to EBIC, in Europe, there is uncertainty about whether biostimulants should be categorized under plant protection or plant nutrition category; and this has resulted in a divided set of contradicting opinions on the products. They are considered additives in France, whereas they are marketed as plant straighteners or growth enhancers in Germany.
To consolidate the regulatory framework concerning biostimulants in Europe, the European Biostimulants Industry Consortium (EBIC) has drafted a directive based on the views and suggestions of manufacturers and research institutes and tabulated it for EU approval. However, biostimulant products must undergo repetitive registration processes under each European country’s respective regulations. The data requirements and parameter ranges also vary according to each country in the EU.
Some of the prominent players in the Biostimulants Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Biostimulants market.
By Form
By Active Ingredient
By Crop Type
By Application
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Biostimulants Market
5.1. COVID-19 Landscape: Biostimulants Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Biostimulants Market, By Form
8.1. Biostimulants Market, by Form, 2023-2032
8.1.1. Dry
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Liquid
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Biostimulants Market, By Active Ingredient
9.1. Biostimulants Market, by Active Ingrediente, 2023-2032
9.1.1. Humic substances
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Seaweed extracts
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Microbial amendments
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Amino acids
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Biostimulants Market, By Crop Type
10.1. Biostimulants Market, by Crop Type, 2023-2032
10.1.1. Cereals & grains
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Fruits & vegetables
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Turf & ornamentals
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Oilseeds & pulses
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Biostimulants Market, By Application
11.1. Biostimulants Market, by Application, 2023-2032
11.1.1. Foliar Treatment
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Soil Treatment
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Seed Treatment
11.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Biostimulants Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Form (2020-2032)
12.1.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.1.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.1.4. Market Revenue and Forecast, by Application (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Form (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Form (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Application (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Form (2020-2032)
12.2.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.2.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.2.4. Market Revenue and Forecast, by Application (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Form (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Form (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Application (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Form (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Application (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Form (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Application (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Form (2020-2032)
12.3.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.3.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.3.4. Market Revenue and Forecast, by Application (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Form (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Form (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Application (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Form (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Application (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Form (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Application (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Form (2020-2032)
12.4.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.4.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.4.4. Market Revenue and Forecast, by Application (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Form (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Form (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Application (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Form (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Application (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Form (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Application (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Form (2020-2032)
12.5.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.5.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Form (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Application (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Form (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Active Ingredient (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Crop Type (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Application (2020-2032)
Chapter 13. Company Profiles
13.1. BASF SE
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. UPL
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Gowan Group
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. ILSA S.p.A
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Haifa Group
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Rallis India Limited
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. FMC Corporation
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Valagro S.p.A
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers