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The biostimulants market size from acid-based segment held over USD 1.5 billion in 2022, on account of lower processing costs and easy availability of active ingredients that are used in biostimulants. Acids increase the aeration & water retention and microbial capability of the soil by altering the neutralization of both acidic & alkaline soils and regulating the soil’s PH level, which is primed to favor the industry outlook.
The biostimulants market from the fruits & vegetables segment is set to witness 10.5% CAGR through 2032. The snowballing consumption of processed fruit & vegetable products due to fast-paced lifestyles is augmenting the industry growth. Biostimulants provide better shelf-life and early growth to improve crop quality and support fruit & vegetable production.
The biostimulants market size from liquid segment will reach USD 2.5 billion by 2032. The ease of application and low labor cost of these biostimulants are bolstering their adoption. Furthermore, the liquid form has a higher shelf life & viscosity and provides temperature adaptability, which improves the nutritional elements of plants, turfs, and crops to recover from stress and enhance root growth.
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The biostimulants market from the foliar treatment segment dominated around USD 2.5 billion revenue in 2022, owing to surging demand for food, along with the rising need to improve farm yield, which, in turn, is encouraging producers to utilize biostimulants for impelling crop yield efficiencies. Foliar spray is directly applied to the plant leaves and is the most traditional biostimulants application method due to burgeoning arable lands and loss of irrigation and soil degradation.
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Europe biostimulants market size will gain remarkable momentum during the forecast timeline, due to rising environmental concerns. The rising evolution and innovative organic products, which target agro-economic needs, will boost the market growth. Further, the European Commission's Farms to Fork Strategy states that organic is an important component of fulfilling the European Green Deal's food needs. Additionally, biostimulants also improve the germination and root development system, contributing to the efficient absorption of nutrients & water during the growing season.