Biostimulants Market Size, By Active Ingredient (Acid Based, Extract Based), By Application (Foliar Treatment, Soil Treatment, Seed Treatment ), By Crop (Row Crops, Turf & Ornamentals, Fruit & Vegetables), By Form (Dry, Liquid), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Ukraine, Kazakhstan, Turkey, Bulgaria, Greece, Russia, China, India, Japan, Australia, Brazil, Argentina, Mexico, Saudi Arabia, Egypt, Tunisia, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

Published Date: May 2017 | 280 Pages | Report ID: GMI1346 Report Format: PDF

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Industry Trends

Global Biostimulants Market size was worth over USD 1.5 billion in 2016, and is set to surpass 1,200 kilo tons by 2024.

Europe Biostimulants Market Size, By Crop, 2016-2024 (USD Million)
Europe Biostimulants Market Size, By Crop, 2016-2024 (USD Million)


Necessity to improve yield per hectare and rising food demand will drive biostimulants market growth. As per UN, food production is required to be increased by 50% by 2024 due to the rising population. Global population was over 7.4 billion in 2016 and is expected to reach 9.2 billion by 2050.

Limited land availability along with enhanced farming practices to meet food demand has encouraged agriculture industry towards precision farming which will open new avenues for biostimulants market growth. Global precision farming market was worth more than USD 3.5 billion in 2016, and is expected to gain significantly in the forecasted period. Precision farming is extensively adopted to enhance crop management and improve field quality in terms of fertility, chemistry and moisture.

Improving plant metabolism, high nutrient availability, and water holding capacity are significant properties fueling biostimulants demand. The product is the combination of enzymes, microorganisms, and trace elements which are applied in small quantities to promote crop growth. Enhancing land fertility while boosting crop yield makes the biostimulants preferable over its synthetic counterparts. As per industry analysis, the product application has increased from 18% to 21% between 2013 to 2016.

Shift in consumer preference towards organic food coupled with growing social concerns will positively influence industry growth. Regulatory compliance and government subsidies on biological agrochemicals will support the product penetration. Changing life style and increasing purchasing power parity particularly in developing countries will stimulate the biostimulants market. Rapid changes in climate due to global warming affecting crop yield will positively influence product penetration during the forecast period.

Favorable regulations regarding organic farming have positively influenced biostimulants usage. Globally, chemical fertilizers are widely used to enhance crop productivity. However, chemical agrochemicals lead to groundwater and water bodies pollution, in addition to getting stored in plants. Environmental institute as well as government promotions to switch over to organic farming will drive the demand. Improper application of synthetic manures has led to the contamination and pollution of the soil, contaminated water basins, destroyed friendly insects and micro-organisms, making the yield more susceptible to diseases and low soil fertility.

Government, agencies and various organizations across globe have been working to encourage farmers for adopting biostimulants. For instance, In June 2011, the European Biostimulants Industry Consortium (EBIC) was formed. The objective of the institute is to foster biostimulants role in agriculture to improve yield with less resources. Sustainable agricultural production, economic growth, and green innovation were the major aims.

High R&D spending along with lengthy approval process are the major entry barriers for manufacturers. Moreover, low white space availability for patents and intensified competition are the key factors influencing biostimulants price trend.

Biostimulants Market, By Active Ingredient

Acid based ingredient is expected to surpass over USD 2 billion by 2024. Easy raw material availability along with low price as compared to extract based ingredients has positively influenced industry growth. Organic waste matter, humic substances, and vermicom post are key raw materials used in production of acid based ingredient product.

Extract based ingredient was valued over USD 550 million in 2016 and will witness growth over 10.5% CAGR up to 2024. Providing benefits in terms of advanced soil structure and aeration, attractive seed germination, growing biotic & abiotic tension tolerance along with increased root growth are key factors fueling the biostimulants market. Other active ingredient includes chitin & chitosan, and microbial and trace minerals.

Biostimulants Market, By Application

Foliar treatment was valued over USD 1.4 million in 2016 and will observe growth over 10% up to 2024. Rise in the acceptance of biological microbes and enhanced farming technologies have proven to be key driving factors for the foliar treatment applications in biostimulants market.

Soil treatment application will generate over USD 400 million revenue by 2024. Correcting the biological, physical, and nutritional outline of the soil are major roles offered by soil treatment application. The process enhances soil settings for effective plant growth by reinstating soil microbial activity, balancing pH, accumulating organic matter, reducing compaction, and growing moisture maintenance.

Biostimulants Market, By Crop

Biostimulants market size from row crops is projected to surpass USD 2 billion by 2024. High production of food grains and oilseeds will foster industry growth in this segment. Surge in sustainable farming practices due to limited land and water availability are major reasons impacting product penetration.

Turf and ornamental crops will account over 10.5% of the industry share by 2024. Uplifting nutrient uptake, increasing the roots length and water absorption capacity along with strong and healthy crop appearance has positively influenced industry growth.

Biostimulants Market, By Form

Dry formulation was worth over USD 1 billion in 2016. Easy handling and transportation as compared to liquid form along with larger applicability are key influencing factors driving product demand. Plant respiration, promotes cell division, photosynthesis, improves lateral bud development, and delays the aging process of plant tissues are major benefits offered by the dry formulation.

Liquid formulation is set to witness growth over 12% up to 2024. High shelf life coupled with low labor cost over dry formulation is predicted to open opportunities in this segment.

Biostimulants Market, By Region

Europe biostimulants market accounted for over 36% of the total industry share in 2016. Stringent regulations pertaining to food safety along with rise in consumer preference for chemical free fruits & vegetables will drive regional industry growth.

Asia-Pacific biostimulants market is projected to witness 12.5% growth up to 2024. Rising necessity to increase farm fertility to meet growing food demand will facilitate industry growth in this region.

MEA, led by Saudi Arabia, Tunisia, and Egypt biostimulants market is foreseen to generate over USD 155 million by 2024. Tunisia biostimulants market was worth more than USD 2.2 million in 2016. Increase in production of nontraditional crops in order to promote exports in EU and U.S. has driven product penetration in the country.

Competitive Market Share

Biostimulants market share is at developing stage. Some of the notable players include Cairochem, Mahafeed Specialty Fertilizers, Artal Agronutrients, Valagro, Seipasa SA, Tradecorp Nutri Performance and Evergrow. Companies are adopting mergers and acquisition strategy to capture bigger market share. For instance, Sepac group acquired Spanish company Tradecorp Nutri Performance, engaged in the production of agricultural products to capture new markets. In February 2016, Valagro acquired an Indian firm Sri Biotech Laboratories India Limited for maximizing its production levels.

Biostimulants Industry Background

Biostimulants Market Segmentation

Biostimulants are formulations of substances, microorganisms and compounds that are applied to soils or plants to improve crop yield, quality, vigour and tolerance to abiotic stresses.

Companies involved in production and marketing of organic products must conform to regulatory standards defined by U.S. Department of Agriculture (USDA) under National Organic Program (NOP). Organic certification provided by USDA confirms that farm or handling facility conforms with USDA organic regulations. Further, NOP develops rules and regulations regarding handling, labelling, production and implementation of USDA based products. The NOP maintains a reference manual which includes instructions, guidelines and policy memo related to prescribed standards.

What Information does this report contain?

Historical data coverage: 2013 to 2016; Growth Projections: 2017 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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