Biostimulants Market Size By Active Ingredients (Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts), By Crop (Row Crop, Turf & Ornamentals, Fruit & Vegetables), By Application (Foliar Treatment, Soil Treatment, Seed Treatment), By Form (Dry, Liquid), Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Biostimulants market size is estimated to register over 9% CAGR between 2020 and 2026. Acceptance of sustainable as well as organic farming to meet soaring food demand will fuel the industry landscape.
 

Increasing demand for organic, sustainable, safe, and eco-friendly agricultural products is likely to foster the market growth. Organic food items are gaining popularity as they offer various health nutrients, zero antibiotics, GMO-free content, low fats which improves the health and wellness. This factor will likely boost the product adoption.
 

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Biostimulants are plant hormones which increase plant growth and assist in increasing crop productivity. It advances the growth of hormones and nutrition enrichment thereby improving organic agricultural practices. Adoption of natural and organic sourced food has boosted the organic food products demand which is likely to propel biostimulants industry statistics.
 

Minimum utilization of synthetic fertilizer according to the regulatory compliances from the government & non-government organizations should fuel biostimulants market expansion. Government initiatives by giving subsidies to support the agricultural industry for organic & bio-based farming should drive industry forecasts.
 

Increase in food consumption due to the rise in population has given boost to agricultural industry which will support biostimulants demand. However, some issues like production losses and land degradation due to salinity are some concerns in the agriculture industry. This has led to increase the crop growth enhancers demand.
 

Humic acid based biostimulants offers biological benefits such as root growth and soil structure enhancement

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Based on the active ingredients, the biostimulants market is segmented into humic, fulvic, amino acids, protein hydrolysates and seaweed extracts. Humic acid-based biostimulants demand is set to register around 11% CAGR during the forecast timeframe.  Humic acid groups help plant roots grow, water, and nutrients. The high concentration of humic acid increases productivity and yields.
 

Humic acid-based ingredients also activate the metabolic process of plants and seed germination. Humic acid has wide application in the irrigation system and gardening. It has a high water-holding ability which improves the soil fertility and plant growth. 
 

Liquid formulation activates the metabolic process and osmotic effects ensuring plant growth

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Biostimulants market from liquid form segment is set to register over 9.5% CAGR during the forecast period. Biostimulants in the suspension concentrate formulations are the most commonly available liquid form. Liquid formulation activates the metabolic process within the plant metabolism, regulates plant osmotic effects, it is recommended for increasing the quality, size, and uniform ripening of fruit.
 

Rapid growth in the agricultural practices leads to soil fertility fostering biostimulants market statistics

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Global biostimulants market revenue from soil treatment application is set to surpass USD 550 million by 2026 owing to rising agricultural activities & enhancing for soil fertility. Biostimulants comprise of various nutrients such as nitrogen, phosphorus, potassium, calcium, magnesium, sulfur, iron, zinc, copper, calcium, amino acids, and naturally occurring cytokinins, which produces a stimulant impact on mobile division, improving vegetative growth in addition to fruit setting.
 

Soil contamination and environmental hazards due to excessive usage of chemical fertilizers are critical issues faced by the agricultural industry. Biostimulants due to their performance efficiency are effectively replacing chemical based agro products. Improvement in the farm productivity along with enhancing the soil fertility will drive product demand.
 

Better shelf life & growth should drive product demand for fruits & vegetables

Based on crops, the industry is bifurcated into row crops, fruits & vegetables and turf & ornamentals. Biostimulants from fruits & vegetables segment is set to surpass 1.5 billion by 2026.
 

Fruits & vegetables growth is attributed towards supporting the production by playing a key role in improving the shelf life and helping in early growth of the crops. The product also helps in improving the crop quality by enhancing the size & color along with increasing the sugar content for fruits & vegetables. The products are beneficial to the crops which include cottonseed, barley, rapeseed, rice, wheat, and corn.
 

Growth in organic farming in North America to boost the industry forecasts

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North America biostimulants market is likely to surpass USD 1.2 billion by 2026. Favorable regulations along with the focus on organic farming and yield enhancement should boost regional product adoption. The regulations favor biostimulants as they are based on micro-organisms, biological & plant extracts.
 

The region provides an opportunity for the new industry participants to enter the market for their investment in agricultural sector. The U.S. is the major country in the North America region, which is focusing on organic farming, in turn supporting the regional market share.
 

Product innovation and acquisition are strategies adopted by key industry players

Global biostimulants market is consolidated, and major players include Biolchim S.p.A, Arysta LifeScience, BASF, Biovert SL, Bayer, ILSA S.p.A, Desarrollo Agrícola y Minero, Koppert B.V., Italpollina, Stollerare and Agrichem. The major market players are offering innovative products and technological advancements and are focusing on to acquire companies to enhance their market share.
 

The biostimulants market research report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:

By Active Ingredients

• Acid based
  • Humic Acid
  • Fulvic Acid
  • Amino Acids
• Extract based
  • Protein Hydrolysates
  • Seaweed Extracts
• Others

By Application

• Foliar Treatment
• Soil Treatment
• Seed Treatment

By Crop

• Row Crops
• Turf & Ornamentals
• Fruit & Vegetables
• Others

By Form

• Dry
• Liquid

The above information has been provided for the following regions:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Ukraine
  • Kazakhstan
  • Turkey
  • Bulgaria
  • Greece
  • Russia
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Egypt
  • Tunisia