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, 2020 – 2026

Published Date: Dec 2020  |  Report ID: GMI1346  |  Authors: Kunal Ahuja, Amit Rawat

Report Format: PDF   |   Pages: 325   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Biostimulants market size exceeded USD 2.7 Billion in 2019 and is estimated to grow at over 9% CAGR between 2020 and 2026. Acceptance of sustainable as well as organic farming to meet soaring food demand will fuel the industry outlook.
 

Biostimulants Market

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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 share.
 

Increasing demand for organic, sustainable, safe, and eco-friendly agricultural products is likely to foster the market share. 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 landscape.
 

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

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.
 

Biostimulants include a combination of highly concentrated specialized plant-growth-promoting rhizobacteria which helps to improve plant performance by mobilizing nutrients and activates metabolic processes. Additionally, it improves the absorption and translocation of nutrients in the plants thereby augmenting the demand for biostimulants.
 

Biostimulants Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:USD 2.7 Billion
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:9.3%
2026 Value Projection:USD 5.1 Billion
Historical Data for:2015 to 2019
No. of Pages:325
Tables, Charts & Figures:367
Segments covered:Active Ingredient, Crop, Application, Form, Region
Growth Drivers:
  • Use of biostimulants to reduce the abiotic stress
  • Positive impact of biostimulants on farm profitability
  • Higher demand for synthetic fertilizers
Pitfalls & Challenges:
  • High R&D cost
  • Lengthy approval process of the product
  • Higher demand for synthetic fertilizers

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

Biostimulants Market From humic acid

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Based on the active ingredients, the market is segmented into humic, fulvic, amino acids, protein Hydrolysates and Seaweed Extracts. Humic acid biostimulants market demand will register a growth rate of around 11% 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 activates 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. 
 

Humic acids acts an important medium to transport the nutrients from soil to plant as they can preserve ionized nutrients which can be prevented from leaching away. Humic acid base ingredients are also attracted towards the root of the depletion zone as they can transport the essential nutrients and water which is helpful for plant growth.
 

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

Biostimulants Market From Liquid Form

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Based on the form, liquid segment of biostimulants market will register a CAGR of approximately 9.5% in revenue terms 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.
 

Liquid biostimulants are important as they enhance the water uptake & water balance of the plant which helps in counteracting the effects of heat & drought. It also performs different functions which include enhancement of fruit coloration, molecule neutralization for cell damage and ensures fruit firmness.

 

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

Biostimulants  Market From Soil Treatment

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Global biostimulants market size from soil treatment application is likely 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. Advantages offered by enhancing plant tolerance and recovery from abiotic stresses which include droughts extreme climatic conditions, salinity, and floods will drive the product demand.
 

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

On the basis of crops, the industry is bifurcated into row crops, fruits & vegetables and turf & ornamentals. Fruits & vegetables segment is set to surpass 1.5 billion over the forecast timeframe.
 

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 demand

North America Biostimulants  Market From Soil Treatment 

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North America biostimulants market statistics is likely to surpass USD 1.2 billion over the forecast period. Favorable regulations along with the focus on organic farming and yield enhancement should boost regional product demand. 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 trends.
 

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 the market share. In March 2018, Biolchim registered four new nutritional specialties through its Brazilian subsidiary, FOLICIST, VITA-LOK, SHIFT, and REFUSAL. The new product registration will boost its nutritional specialties portfolio to confirm its position as a leading market player in the special fertilizer category in Brazil.
 

In April 2018, BASF SE signed an agreement to acquire additional seed and crop protection business from Bayer. This agreement will enable the company to strengthen the crop protection portfolio and penetrate the seeds market.
 

In May 2018, Arysta Lifescience announced the acquisition of Etec Crop Solutions, a New Zealand-based firm. Through this acquisition, the company aims at innovating its crop protection and biostimulant products to enhance its applications in the specialties segment.
 

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
       

Frequently Asked Questions (FAQ) :

The global share of biostimulants industry was over USD 2.7 billion in 2019 and will expand at more than 9% CAGR through 2026 owing to the increased demand for sustainable and organic farming activities.
The market for humic acid biostimulants is anticipated to witness around 11% CAGR between 2020-2026 as high concentration of the ingredient helps boost productivity and yields.
Liquid form biostimulants activate plant metabolism along with improving the water uptake of plants and their market revenue share is expected to record over 9.5% CAGR up to 2026.
The industry share from use in fruits and vegetable crops is projected to reach USD 1.5 billion by 2026 with the growing need to improve the shelf life and help in early growth of the crops.

Premium Report Details

  • Published Date: Dec 2020
  • Pages: 325
  • Tables: 345
  • Charts / Figures: 22
  • Companies covered: 26
  • Countries covered: 5

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