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 Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

Sustainable farming practices will encourage expansion of biostimulants

Biostimulants Market size exceeded USD 2.3 billion in 2018 and is estimated to register over 8.3% CAGR between 2019 and 2025. Rise in precision farming techniques due to limited land availability for agriculture has opened new avenues for biostimulants industry growth.
 

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Biostimulants are a blend of plant hormones, microorganisms, trace elements, seaweed extracts, and enzymes that help to enhance crop productivity. It consists of naturally occurring growth hormones and nutrition enrichment that support sustainable agricultural practices such as improved soil fertility and maintaining a natural and viable ecosystem for the soil flora and fauna. Recent shift of consumers’ purchasing patterns for organic and sustainably sourced food has augmented the product penetration for biostimulants.
 

The multiple functions of biostimulants include enhanced nutrient intake, metabolism, water retention capacity, and chlorophyll production. It enhances the antioxidant activity of the plant, thereby reducing environment-induced stress. Biostimulants significantly help in fighting a major challenge of climate uncertainty in the agriculture sector. They have also enabled the production of seasonal crops with extended time periods and enhancing market yield.
 

Low ecological footprint and non-toxic nature are two of the main advantages of biostimulants. The occurrence of soil contamination and other environmental hazards owing to excessive use of chemical fertilizers have been crucial issues faced by the industry.
 

Biostimulants have effectively replaced chemical agri-products on account of their performance efficiency. Higher yield has also eased the fluctuations of seasonal yields, which has spurred biostiumulants market demand.
 

Degrading soil quality owing to rapid urbanization and pollution will boost product demand for the fertility enhancers’ market. The advantages of increasing plant tolerance and recovery from abiotic stresses including extreme climatic conditions, droughts, unfavorable salinity, and floods will augment the biostimulants market outlook.
 

Additionally, biotic stress tolerance against bacteria, fungi, and viruses has multiplied demand for biostimulants. The emergence of resistant strains in crop diseases will compel consumers to explore preventive measures.
 

Agriculture accounts for the largest share of water usage with irrigation accounting for more than 50% of the total in the biostimulants industry. Reduced water usage for agriculture opens new avenues for biostimulants market applications.
 

Agricultural dependency and focus on increasing the exports supported by favorable government initiatives will augment the market demand. Low labor cost and effective application will boost the global market expansion.
 

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Humic acids will witness higher growth in regions with poor humus content in the soil

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Active ingredients are segmented into humic acid, fulvic acid, amino acids, protein hydrolysates, seaweed extracts and others. Humic acids are widely used as light and sandy soiled regions that are poor in humus. Blooming agricultural opportunities in hot and dry regions such as North and South Africa will pave the way for the growth of the humic acid segment.
 

Moreover, a high rate of mineralization of organic substances worldwide has necessitated a demand to improvise the fertility of the soil where humic acids are widely applicable.
 

Humic acids chelate nutrient compounds like iron, thus optimizing the nutrient availability of metals for the plant growth. The optimized market yield is as high as 70% in green grass, ornamentals, crops and forestry products. Furthermore, sustainability issues across the globe have led to the market trend of water reduction. Humic acids enhance the water-holding capacities of the soil which will further encourage its consumption over the forecast period.
 

Ornamental crops support the trend for exterior decoration and landscaping

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The crop segment is segmented into three categories- row crop, turf & ornamentals, fruit & vegetables and others. Turf & ornamental crops segment will witness high gains due to the necessity of enhancing root growth in plants. The product helps in enhancing nutrient intake and increasing the length of roots & absorption of water. The rise of the exterior decoration industry and a surge in gardening spaces have propelled biostimulants adoption rate.
 

A shift in trend towards a natural-based décor has led to the rise in green landscaping. Biostimulants offer a multitude of benefits for landscaping with ornamentals and turf. Some of the benefits include the elimination of the use of harmful pesticides and fertilizers, circumventing the risk of toxic run-off, saving water, and eluding the step of weeding.
 

The markets in hot and dry climate mainly rely on imports for grass and green plantations which are available at very high costs to the local consumers. Biostimulants offer an option to grow these plants organically in their vicinity.
 

Reduced disease-resistance in seeds has necessitated the adoption of biostimulants

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The product finds application in foliar treatment, soil treatment, seed treatment. Seed treatment is projected to gain higher market penetration over the forecast period. The segment will perform well in the biostimulants industry owing to lower immunization power of seeds, weather change and increased use of multi-component products used for seed treatment.
 

Factors such as protection of seed from rotting and resistance to storage insects & pests offer promising market growth opportunities. Moreover, seed treatments also offer an opportunity to prevent diseases in crops rather than destroying the entire market yield.
 

Lower transportation costs have enabled dry form to attain better market penetration

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On the basis of form, the global market is studied by dry and liquid formats. Dry biostimulants are projected to grow considerably in the market owing to ease of application and low labor costs over the forecast period. The manufacturing cost of the liquid form is higher compared to dry form which has dwarfed liquid segments’ share.
 

The dry form has a higher shelf life compared to liquid form, resulting in better nutritional elements availability for the plant. It aids plants, turf, and crops to quickly recover from stress and encourages better root growth, augmenting the overall market growth.
 

Biostimulants will ease the issue of meeting huger requirements of the growing population in the Asia Pacific

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Agriculture-driven economies including China, India, ASEAN, and Australia are rapidly catering to the expansion of biostimulants market. A diverse climate and geological constituency have enabled Asia to produce multiple crop varieties. However, rising necessity to feed the growing population and increasing export demand for food grains shall also boost the growth of the global industry.
 

The animal feed business has witnessed an equivalently high demand in the market. Rising meat & poultry and dairy markets, especially in China, India, and Japan have triggered a demand in the market for products that meet agriculture requirements within a subdued time span. Moreover, ban on inorganic ingredients used for agriculture destined for infant nutrition have further elevated the growth of the market in this region.
 

The acquisition is a major strategy adopted by market participants

The global biostimulants market is highly fragmented due to the presence of a large number of regional & global players. The key players include Arysta Lifescience Corporation, Valagro, BASF SE, Koppert B.V., Bayer, Biovert SL, Tradecorp Nutri Performance, and Tradecorp Nutri Performance. Other notable players include Artal Agronutients, Lallemand, Ag Concepts, Daymsa, ILSA S.p.A., and Biochim S.p.A., Mahafeed Specialty Fertilizers Pvt. Ltd., and Micromix Plant Health Limited.
 

Companies are focusing on strategic R&D investments to expand the product portfolio, leading to an increase in the product adoption rate. Acquisitions and partnerships strategies with raw material manufacturers and other companies to increase the company’s reach and expand product portfolio are supplementing the overall market expansion. For instance, Arysta Lifescience Corporation acquired Etec Crop Solutions to enhance its product development capabilities and expand in the specialties segment.
 

The biostimulants market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2015 to 2025, for the following segments:
 

By Active Ingredients

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

By Crop

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

By Application

• Foliar Treatment
• Soil Treatment
• Seed Treatment

By Form

• Dry
• Liquid

The above information has been provided for the following regions and countries:

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