The global biostimulants market size reached USD 3.28 Billion in 2021 and is expected to register a revenue CAGR of 12.1% during the forecast period, according to latest analysis by Emergen Research. Technological advancements in biostimulant production are an important factor driving market revenue growth.
Manufacturers have the chance to develop innovative brands within biostimulant categories because of technological advancements in the industry. The use of biostimulants as stimulators of plant growth is gaining momentum in the agricultural sector. Initially, only high-value crops like ornamentals and plantation crops were treated with biostimulants, in addition to vegetable and fruit crops. As a complement to fertilizers, they are now deployed to stimulate the absorption of nutrients by conventional food crops including maize, wheat, and rice, where they play an important role in the production of food.
Climate change’s consequences are felt owing to an increase in the frequency of tropical cyclones, an uneven distribution of rainfall that causes brief dry conditions, and higher temperatures. It is getting harder to provide food security as the population grows owing to the significant impact of climate change on agricultural productivity. Farmers across the globe are adopting different types of strategies to enhance their agricultural productivity and seaweed-based biostimulants have shown enormous potential for mitigating climate change effects by imparting drought tolerance to crops which are expected to drive revenue growth of the market.
Some of the key participants in this Biostimulants Market industry include:
BASF SE, UPL, Valagro, The Gowan Group, FMC Corporation, ILSA S.p.A. Via Quinta Strada, Rallis India Limited, Haifa Negev technologies, ADAMA Ltd, and EBIC.
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The Global Biostimulants Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects.
Some Key Highlights From the Report
Seaweed extracts segment accounted for the largest revenue share in 2021. Fresh seaweeds are used as a source of organic materials and as fertilizer. Polysaccharides laminarin, alginates, and carrageenan, as well as their by-products, are among the purified components and seaweed extracts that are used commercially. It has been reported that seaweed extracts can increase plant growth and yield, build environmental stress tolerance, increase soil nutrient intake, and improve antioxidant properties. Seaweed extracts also contain major and minor nutrients, amino acids, vitamins, cytokinins, auxin, and substances that are similar to growth-promoting substances like abscisic acid and auxin which is driving revenue growth of the segment.
Liquid segment accounted for the largest revenue share in 2021. To facilitate simpler application and transportation, biostimulants are typically offered in liquid form. Liquid form enhances nutrient intake, speeds up leaf nutrition absorption, and improves cellular activity which is driving segment revenue growth.
The soil treatment segment accounted for a moderate revenue share in 2021. Biostimulants increases plant growth, vigor, yield, and output while also enhancing soil health and nutrient usage. Nutrient availability is increased and root development is favored as a result of biostimulant substances capacity to cause nutrient buildup in the soil. Plowing and other conventional agricultural methods like leaving soils exposed have often harmed the soil and depleted its vital organic matter reserves. Biostimulants are useful in this situation since they increase soil biological activity which are key factors driving revenue growth of the segment.
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The report studies the impact of the COVID-19 pandemic on the Biostimulants Market .The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.
Scope of the Global Biostimulants Market Report :
The report performs an accurate estimation of the growth prospects of the different market segments by studying the current market scenario, past performance, demand and supply ratio, production, consumption, sales, and revenue generation of the key players in the upcoming years. The market segmentation provides a 360° view of the Biostimulants Market industry, which turns out to be beneficial for readers interested in this sector.
Global Biostimulants Market Market Research Objectives:
- To provide deep understanding of the Biostimulants Market industry.
- To highlight the critical data of each segment at extensive level.
- To determine key success factors in different segments of Biostimulants Market industry.
- To highlight the trends in specific sectors.
- To give insights into key segments.
- To carry economic analysis, build quantitative and financial models of global Biostimulants Market industry and individual segments.
- To project future performance of the global Biostimulants Market industry and identify imperatives.
- To identify risks of investing in particular segments and suggest appropriate strategies to mitigate the risks.
- To study what held back the Biostimulants Market industry during pandemic and forces that are driving up the global Biostimulants Market post-pandemic.
Segmentation :
Emergen Research has segmented global Biostimulants market on the basis of active ingredient, form, mode of application, and region:
Active ingredients (Revenue, USD Billion; 2019–2030)
Humic substances
Humic acid
Fulvic acid
Seaweed extracts
Microbial amendments
Amino acids
Other active ingredients (include vitamins, trace minerals, and polysaccharides)
Form Outlook (Revenue, USD Billion; 2019–2030)
Liquid
Dry
Mode of Application Outlook (Revenue, USD Billion; 2019–2030)
Foliar
Soil Treatment
Seed treatment
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors
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