Global Biostimulants Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

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Biostimulants Market Analysis

The biostimulants market has witnessed significant growth due to advancements in technology and methods that enhance plant health and productivity. Recent innovations include microbial biostimulants, which utilize beneficial bacteria and fungi to improve nutrient uptake and plant resilience against stressors. These products are increasingly used in sustainable agriculture to minimize chemical inputs and promote eco-friendly practices.

Technological advancements in formulation techniques, such as encapsulation and nano-technology, have also contributed to the market's expansion. These innovations enable targeted delivery and sustained release of active ingredients, enhancing efficacy and user convenience.

The adoption of biostimulants is on the rise, driven by the increasing demand for organic produce and the need for sustainable farming solutions. Key players are focusing on research and development to formulate novel products, tapping into emerging markets in Asia-Pacific and Latin America. This growth trend reflects the industry's shift toward sustainable agricultural practices, improving crop yield, and reducing environmental impact.

Biostimulants Market Size

The global biostimulants market size was valued at USD 4.63 billion in 2023 and is projected to reach USD 11.39 billion by 2031, with a CAGR of 11.9% during the forecast period of 2024 to 2031. 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 import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Biostimulants Market Trends

“Increasing Adoption of Sustainable Agriculture Practices”

The biostimulants market is experiencing significant growth due to the increasing adoption of sustainable agriculture practices. Farmers are increasingly aware of the negative impacts of chemical fertilizers and pesticides on soil health and the environment, prompting a shift towards eco-friendly alternatives. Biostimulants, which enhance plant growth and resilience, are seen as a viable solution. For instance, in Europe, the demand for organic farming has surged, with the EU's Green Deal promoting sustainable March 2022, Valagro, through its Indian subsidiary Valagro Biosciences, launched Talete, an innovative biostimulant designed specifically for the Indian agricultural market. Talete aims to increase crop water productivity, a crucial factor in enhancing agricultural efficiency amid water scarcity challenges. This launch reflects Valagro’s commitment to providing sustainable solutions that address local agricultural needs, ensuring better yields while promoting responsible water usage and overall crop health in the region.

Report Scope and Biostimulants Market Segmentation        

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Biostimulants Market Definition

Biostimulants are natural or synthetic substances designed to enhance plant growth and development by improving nutrient uptake, stimulating biological processes, and increasing resilience to stress. Different from fertilizers, which primarily provide essential nutrients, biostimulants focus on promoting plant health and productivity through mechanisms such as root development, microbial activity, and hormonal balance. Common biostimulants include seaweed extracts, humic substances, and beneficial microorganisms. Their application is gaining popularity in sustainable agriculture, as they can improve crop yield and quality while reducing the reliance on chemical inputs. Overall, biostimulants play a crucial role in promoting sustainable farming practices.

Biostimulants Market Dynamics

Drivers

• Upsurge in Demand for Seaweed as Raw Material

The rising demand for seaweed as a raw material in agriculture is significantly driving the biostimulants market. Seaweed extracts are increasingly utilized for their ability to enhance soil quality and plant productivity. These biostimulants improve soil structure, water retention, and aeration, leading to healthier crops. For instance, studies have shown that seaweed-derived products can enhance seed germination rates by up to 20% and increase root and shoot elongation, enabling better nutrient uptake. In addition, these extracts bolster frost and salinity tolerance while aiding in biocontrol against phytopathogenic species, ultimately maximizing crop yields and promoting sustainable agricultural practices.

• High Agricultural Production

High agricultural production worldwide significantly drives the biostimulants market, particularly seaweed-extracted biostimulants. These products enhance seed germination, improve plant health, and promote root and shoot elongation. For instance, in February 2022, LIPOFABRIK, a startup focused on plant protection and biostimulants, developed Plant Boost, a unique biostimulant based on Bacillus subtilis. This innovative product is designed to enhance plant growth and resilience. Currently authorized in several European countries, including Belgium, France, and the U.K., Plant Boost demonstrates LIPOFABRIK's commitment to sustainability by providing farmers with effective solutions that improve crop health and yield while minimizing environmental impact.

Opportunities

• Consumer Demand for Organic Produce

The increasing consumer demand for organic produce is significantly driving opportunities in the biostimulants market. As consumers become more health-conscious and environmentally aware, they actively seek out sustainably sourced food, encouraging farmers to adopt organic practices. As per the report by the Organic Trade Association revealed that U.S. organic food sales reached USD 61.9 billion in 2021, marking a 12.4% increase from the previous year. This trend compels farmers to integrate biostimulants, which enhance crop quality and yield without synthetic chemicals. For instance, in November 2023, Yara International ASA launched YaraAmplix, a new brand of products designed to enhance agricultural efficiency. This innovative portfolio features natural ingredients such as seaweed and plant extracts, specifically aimed at improving nutrient use efficiency and increasing crop yield. In addition, YaraAmplix products are formulated to enhance plants' tolerance to abiotic stress and improve overall crop quality, promoting sustainable farming practices. The biostimulants market is poised for growth, providing innovative solutions that meet consumer expectations for organic farming.

• Integration with Precision Agriculture

The integration of biostimulants with precision agriculture presents a significant opportunity for market growth. Precision agriculture utilizes data-driven technologies, such as soil sensors and satellite imagery, to optimize field management. By applying biostimulants based on real-time soil health and crop needs, farmers can enhance nutrient uptake and plant resilience effectively. For instance, in September 2021, Tradecorp launched Biimore, a biostimulant developed through a unique plant fermentation process, available worldwide. This innovative product comprises a blend of primary and secondary compounds, including L-α amino acids, vitamins, sugars, and other natural components. Biimore is designed to enhance plant growth and resilience, supporting sustainable agricultural practices. Tradecorp's introduction of Biimore highlights its commitment to providing effective solutions that address the evolving needs of modern agriculture.

Restraints/Challenges

• Quality Issues in Manufacturing Biostimulants

Quality issues in biostimulant manufacturing arise primarily from the variability of natural raw materials, particularly waste streams. Factors such as growing conditions, location, season, plant organ, growth phase, species, and variety can significantly affect the composition of essential components such as amino acids, protein hydrolysates, chitin, and chitosan. This variability leads to inconsistencies in the efficacy of biostimulants, causing unpredictable responses in target crops across different environments. As a result, fluctuations in crop productivity occur, which can undermine farmer trust and market stability. The necessity for manufacturers to invest heavily in ensuring consistent quality further complicates the market's growth potential.    

• High Demand of Substitute Products

The biostimulants market faces challenges from the high demand for substitute products, particularly chemical fertilizers, pesticides, and insecticides. Chemical fertilizers, which are synthetic and water-soluble, are readily absorbed by plants and soils, providing immediate nutritional benefits. This ease of use makes them a preferred choice for many farmers seeking quick results in crop yield and growth. In addition, the established effectiveness and widespread availability of these chemical alternatives hinder the adoption of biostimulants. As farmers prioritize efficiency and immediate outcomes, the competition from these substitute products creates barriers for the biostimulants market, limiting its growth potential in the agricultural sector.   

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Biostimulants Market Scope

The market is segmented on the basis of active ingredients, crop type, application method, form, end user, origin, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Active Ingredients

• Acid Based
• Extract Based
• Protein Hydrolysates
• Microbial Amendments
• Chitin
• Chitosan
• B-Vitamins
• Others

 Crop Type

• Fruits and Vegetables
• Cereals and Grains
• Oilseeds and Pulses
• Turf and Ornamentals
• Other Crops

Application Method

• Foliar Treatment
• Soil Treatment
• Seed Treatment

 Form

• Liquid
• Dry

 End User

• Farmers
• Related Industries
• Research Institutes

Origin

• Natural Biostimulants
• Synthetic Biostimulants

 Distribution Channel

• Direct
• Indirect

Biostimulants Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by country, active ingredients, crop type, application method, form, end user, origin, and distribution channel as referenced above.

The countries covered in the market report are 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.

Europe is expected to dominate the biostimulants market, exhibiting significant growth due to a robust CAGR. This growth is driven by large-scale production and easy product availability, coupled with an increasing customer base focused on sustainable agriculture. Enhanced regulatory support and growing awareness of the benefits of biostimulants further contribute to the region's leadership, making it a key player in the global market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Biostimulants Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Biostimulants Market Leaders Operating in the Market Are:

• ATLÁNTICA AGRÍCOLA (Spain)
• Bayer AG (Germany)
• Biolchim SPA (Italy)
• Biostadt India Limited (India)
• Koppert Biological Systems (Netherlands)
• Haifa Group (Israel)
• Trade Corporation International (Netherlands)
• 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 (Canada)
• Agrinos (Norway)

Latest Developments in Biostimulants Market

• 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

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