The biostimulants market serves diverse crop types, such as fruits, vegetables, cereals, grains, oilseeds, pulses, turf, and ornamentals. These agrochemical formulations increase crop growth, quality, and yield. Current statistics reveal organic farming in 187 countries, covering 72.3 million hectares, managed by 3.1 million organic farmers as of 2019. The increasing adoption of biostimulants in organic agriculture is anticipated to fuel market growth in the coming years, aligning with the growing demand for sustainable farming practices.
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Data Bridge Market Research analyses that the North America Biostimulants Market which was USD 956.98 million in 2022, is expected to reach USD 2,335.82 million by 2030, at a CAGR of 11.8% during the forecast period 2023 to 2030. Biostimulants play a crucial role in North America agriculture by aiding in climate change resilience, helping crops adapt to environmental challenges, and mitigating the adverse effects of shifting climatic conditions.
Key Findings of the Study
Government support is expected to drive the market's growth rate
Governmental agricultural policies and incentives significantly propel the uptake of biostimulants in contemporary farming. Global governments aiming for sustainable and efficient food production endorse biostimulants to boost crop yields, optimize resource usage, and diminish environmental impact. These policies, encouraging farmers to integrate biostimulants, foster a sustainable and economically viable approach to food production. The result is a collective effort toward meeting increasing food demands while promoting environmentally friendly and resource-efficient agricultural practices on a broader scale.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Active Ingredients (Acid Based, Extract Based, Protein Hydrolysates, Microbial Amendments, Chitin, Chitosan, B-Vitamins, and Others), Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, Turf and Ornamentals, and Other Crops), Application Method (Foliar Treatment, Soil Treatment, and Seed Treatment), Form (Liquid and Dry), End User (Farmers, Related Industries, and Research Institutes), Origin (Natural Biostimulants and Synthetic Biostimulants), Distribution Channel (Direct and Indirect)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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ATLÁNTICA AGRÍCOLA (Brazil), Bayer AG (Germany), Biolchim SPA (Italy), Biostadt India Limited (India), Koppert Biological Systems (Netherlands), Haifa Group (Israel), Trade Corporation International (U.S.), Brandt Consolidated, Inc. (U.S.), Lallemand Inc. (Canada), ADAMA (Israel), Syngenta (Switzerland), Novozymes (Denmark), FMC Corporation (U.S.), Valagro S.p.A. (Italy), OMEX (U.K.), ASL (U.K.), Agrinos (U.S.), MPH company (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The North America biostimulants market is segmented on the basis of active ingredients, crop type, application method, form, end user, origin, and distribution channel.
- On the basis of active ingredients, the North America biostimulants market is segmented into acid based, extract based, protein hydrolysates, microbial amendments, chitin, chitosan, b-vitamins, and others.
- On the basis of crop type, the North America biostimulants market is segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, turf and ornamentals, and other crops.
- On the basis of application method, the North America biostimulants market is segmented into foliar treatment, soil treatment, and seed treatment.
- On the basis of form, the North America biostimulants market is segmented into liquid and dry.
- On the basis of end user, the North America biostimulants market is segmented into farmers, related industries, and research institutes.
- On the basis of origin, the North America biostimulants market is segmented into natural biostimulants and synthetic biostimulants.
- On the basis of distribution channel, the North America biostimulants market is segmented into direct and indirect.
Major Players
Data Bridge Market Research recognizes the following companies as the major North America biostimulants market players in North America biostimulants market are Lallemand Inc. (Canada), ADAMA (Israel), Syngenta (Switzerland), Novozymes (Denmark), FMC Corporation (U.S.), Valagro S.p.A. (Italy), OMEX (U.K.), ASL (U.K.), Agrinos (U.S.), MPH company (U.S.)
Market Developments
- In 2023, Archer Daniels Midland launched NeoVita 43, a biostimulant designed to optimize nutrient utilization, enhancing corn yield sustainably. By efficiently utilizing essential nutrients, this innovation increases crop productivity, offering farmers higher corn yields while promoting environmental sustainability in agriculture
- In 2022, Valagro and its Indian subsidiary launched Talete, an innovative biostimulant designed to enhance crop water productivity. Tailored for the Indian market, Talete promotes efficient water use in crop cultivation, aiding farmers in achieving better yields while conserving vital water resources, thereby contributing to both agricultural productivity and environmental sustainability
- In 2022, BASF SE and Delair collaborated for advance research and development initiatives in seeds, traits, and crop protection. Delair's expertise in drone and analytics solutions supports BASF in optimizing research, streamlining operations, and addressing evolving challenges in agriculture. This collaboration enhances BASF's capabilities, accelerating innovative projects in the agricultural sector
- In 2021, FMC Corporation rebranded its plant health business segment as "Biologicals by FMC," showcasing a commitment to sustainable agriculture. This strategic move emphasizes FMC's focus on developing and promoting environmentally friendly biological solutions. The new brand underscores FMC's dedication to advancing products that enhance crop health, yield, and overall sustainability in farming
Regional Analysis
Geographically, the countries covered in the North America biostimulants market report are U.S., Canada and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. is estimated to be the fastest growing region in North America biostimulants market during the forecast period 2023 to 2030
The U.S. is expected to dominate the North American biostimulants market, driven by extensive production capabilities, widespread product availability, and a growing customer base. With a robust agricultural sector, the U.S. exhibits a strong potential for biostimulant adoption, fueled by the ease of access to these products. The expanding customer base underscores the nation's commitment to sustainable agricultural practices, positioning the U.S. as a key player in driving market growth within the North American region.
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