- In May 2023, Yara International announced plans for a new global production facility dedicated to biostimulants and specialty crop nutrition products. This state-of-the-art plant aims to bolster agricultural yields while enhancing product quality. The investment aligns with Yara’s commitment to sustainable agriculture, providing farmers with innovative solutions that promote efficient nutrient uptake and improved crop performance in various environmental conditions, thereby meeting the growing demand for sustainable farming practices
- In January 2023, Sumitomo Chemical Co., Ltd., a prominent Japanese chemical company, made strategic moves in the biostimulants market by acquiring FBSciences Holdings, Inc., a U.S.-based manufacturer of biostimulant products. This acquisition enhances Sumitomo's portfolio, allowing the company to offer a broader range of sustainable agricultural solutions. The integration of FBSciences' innovative technologies aims to improve crop health and productivity, contributing to the growing global demand for sustainable agriculture
- In January 2023, Archer Daniels Midland Company (ADM) introduced NeoVita 43, a novel biostimulant aimed at enhancing corn yield through improved nutrient efficiency. This product leverages advanced agricultural science to maximize crop output while minimizing resource use. ADM's commitment to innovation in sustainable agriculture is evident in NeoVita 43, which not only supports farmers in increasing productivity but also promotes responsible nutrient management, addressing environmental concerns in agriculture
- In February 2022, The Mosaic Company, a global leader in fertilizer manufacturing, strengthened its market position by acquiring Plant Response Inc. This strategic acquisition aims to leverage Plant Response's innovative biostimulant technologies to enhance the company's product offerings. The collaboration is set to foster the development of new, sustainable solutions for farmers, focusing on enhancing soil and plant health, ultimately contributing to a more sustainable agricultural landscape
- In May 2021, Plant Response Inc. announced its acquisition of WISErg, a startup specializing in nutrient recovery from food waste for use in fertilizers. This strategic move aims to enhance Plant Response's product portfolio while promoting sustainability through nutrient upcycling. By integrating WISErg's innovative technologies, Plant Response Inc. is set to develop nutrient-efficient solutions that improve plant and soil health, contributing to a circular economy within the agricultural sector
Frequently Asked Questions
The market is segmented based on Segmentation, By 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)– Industry Trends and Forecast to 2031
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The Global Biostimulants Market size was valued at USD 4.63 USD Billion in 2023.
The Global Biostimulants Market is projected to grow at a CAGR of 11.9% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
