Revolutionizing Agriculture: Exploring Diverse Active Ingredients Driving Growth in the Dynamic Biostimulants Market

In the biostimulants market, active ingredients are crucial, encompassing acid-based, extract-based, microbial amendments, protein hydrolysates, B-vitamins, chitin, chitosan, and more. Acid-based and extract-based stimulants leverage organic acids and plant extracts, while microbial amendments harness beneficial microorganisms. Protein hydrolysates provide essential amino acids, B vitamins enhance plant metabolism, and chitin and chitosan offer structural support. This diverse range of active ingredients underscores the market's commitment to sustainable agriculture by promoting plant growth, stress resistance, and crop yield improvement.

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Data Bridge Market Research analyses that the South America Biostimulants Market value, which was USD 514.70 million in 2021, is expected to reach the value of USD 1,447.76 million by 2029, at a CAGR of 13.8% during the forecast period 2022-2029. The driver of increased crop yield in the biostimulants market lies in their ability to enhance plant nutrient absorption. By improving the efficiency of nutrient uptake, biostimulants contribute to heightened crop yield and improved produce quality, meeting the demands of modern agriculture for sustainable and effective solutions.

Key Findings of the Study

Government initiatives are expected to drive the market's growth rate

Government initiatives are pivotal in the biostimulants market by fostering sustainable agriculture. Supportive policies and incentives encourage farmers to adopt biostimulants, aligning with broader environmental and agricultural sustainability goals. By providing financial incentives and regulatory support, governments promote the use of biostimulants, contributing to market growth. This collaboration between regulatory bodies and the industry creates a conducive environment for adopting eco-friendly solutions, ensuring a more sustainable and resilient agricultural ecosystem.

Report Scope and Market Segmentation

Segment Analysis:

The South America biostimulants market is segmented on the basis of active ingredients, crop type, application method, form, origin, end user, and distribution channel.

• On the basis of active ingredients, the South America biostimulants market is segmented into acid based, extract based, microbial amendments, protein hydrolysates, B-vitamins, chitin, chitosan, and others
• On the basis of crop type, the South America biostimulants market is segmented into fruits and vegetables, cereals and grains, turf and ornamentals, oilseeds and pulses, and other crops
• On the basis of application method, the South America biostimulants market is segmented into foliar treatment, soil treatment, and seed treatment
• On the basis of form, the South America biostimulants market is segmented into liquid and dry. Liquid is sub-segmented into suspension concentrate, soluble liquid concentrate, and emulsifiable concentrate
• On the basis of origin, the South America biostimulants market is segmented into natural biostimulants and biosynthetic biostimulants
• On the basis of end user, the South America biostimulants market is segmented into farmers, agri and related industries, and research institutes
• On the basis of distribution channel, the South American biostimulants market is segmented into direct, and indirect

Major Players

Data Bridge Market Research recognizes the following companies as the South America biostimulants market players in South America biostimulants market are UPL (India), Lallemand Inc. (Canada), Agrinos (U.S.), Koppert Biological Systems (Netherlands), Syngenta (Switzerland), SICIT Group S.p.A (Italy), Isagro S.p.A. (Italy).

Market Developments

• In February 2022, The Mosaic Company, a global fertilizer manufacturer, acquired Plant Response Inc., enhancing its global footprint. This strategic move bolstered the company's ability to offer innovative and sustainable agricultural solutions. The acquisition positioned Mosaic to develop and provide new products, ensuring a more comprehensive and environmentally conscious approach to meeting the evolving needs of its customers in the agricultural sector
• In September 2021, Tradecorp launched Biimore globally, a biostimulant derived from plant fermentation. This innovative product comprises a distinctive blend of primary and secondary compounds, including L-α amino acids, vitamins, sugars, and traces of other natural elements. Biimore enhances plant growth and health, offering a sustainable solution for farmers seeking improved agricultural performance through a unique and bio-based formulation
• In May 2021, Plant Response Inc. acquired WISErg, a startup specializing in upcycling nutrients from recovered food for fertilizer and nutrient-efficient products. This strategic acquisition strengthened Plant Response's commitment to sustainable agriculture by integrating innovative plant and soil health solutions. The collaboration aimed to harness WISErg's expertise in nutrient recovery to develop environmentally friendly and efficient agricultural products
• In July 2020, Syngenta partnered with the Inter-American Institute for Cooperation on Agriculture (IICA) to enhance farmers' productivity sustainably in Latin America and the Caribbean. The partnership facilitated the implementation of scientific advancements in crop protection and seed improvement, particularly in rural areas, contributing to agricultural development and ensuring food security in the region
• In March 2020, SICIT Group S.p.A. and Syngenta joined forces to advance sustainable agriculture, formalizing a supply contract for ISABION and HICURE biostimulants. The collaboration aimed to expand farmer access to innovative solutions for sustainable farming. The agreement additionally highlighted plans for the future development of collagen-based biostimulants, reinforcing the commitment to promoting eco-friendly practices in agriculture

Regional Analysis

Geographically, the countries covered in the South America biostimulants market report are Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Brazil is the dominant country in the South America biostimulants market during the forecast period 2022-2029

Brazil dominates the biostimulants market is attributed to the significant presence of local players. The region hosts a large number of homegrown biostimulant companies, fostering a competitive and innovative landscape. These local players understand the unique agricultural needs of the Brazilian market, offering tailored solutions. Their expertise, combined with a robust agricultural sector and supportive policies, positions Brazil as a major hub for biostimulant production and consumption, driving the market's growth in the region.

Argentina is expected to dominate the South America biostimulants market in the forecast period 2022-2029

Argentina is expected to dominate the biostimulants market, driven by the region's growing adoption of advanced farming technologies. As agricultural practices in Argentina embrace technological advancements, there is a heightened demand for biostimulants to enhance crop productivity sustainably. The convergence of modern farming techniques with the utilization of biostimulants positions Argentina as a key player in the market, reflecting the country's commitment to optimizing agricultural yields through innovative and eco-friendly solutions.

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