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Biostimulants Market Size

  • Report ID: GMI1346
  • Published Date: Mar 2023
  • Report Format: PDF

Biostimulants Market Size

Biostimulants Market size was valued at USD 3 billion in 2022 and is projected to witness 10.5% CAGR from 2023 to 2032. Driven by strong dependency on the agricultural sector for food products.


biostimulants market

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The escalating necessity to improve the yield per hectare is primed to accelerate the market growth. Recent inclination towards healthy diets has boosted the uptake of plants and vegetables, which has favored product penetration in the agriculture sector. Moreover, the strong emphasis of companies on enhancing the performance of biostimulants to improve the shelf-life of food products has aided the expansion of the customer base


In addition, the soaring use of biostimulants to reduce abiotic stress is also fueling the biostimulants market demand. As external factors, including global warming, climatic scenarios, and land fertility, hinder the growth of plants, the demand for biostimulants has increased drastically.


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for Biostimulants was valued at more than USD 3 billion in 2022 and is set to progress at over 10.5% CAGR over the next 10 years owing to the rising popularity of precision farming and the strong dependency on the agricultural sector for food products.

The foliar treatment application segment reached a valuation of more than USD 2.5 billion in 2022 the mounting food consumption and the rising need to improve farm yield which in turn is encouraging producers to utilize biostimulants in enhancing crop yield efficiencies.

The acid-based segment was valued at more than USD 1.5 billion in 2022 as a result of lower processing costs and easy availability of active ingredients that are used in biostimulants.

North American market for biostimulants is set to depict more than 10% CAGR from 2023 to 2032 on account of burgeoning awareness regarding the benefits of biostimulants in weeds, diseases, and stress resistance as well as for improving yield efficiency.

Biostimulants Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 26
  • Tables & Figures: 480
  • Countries covered: 25
  • Pages: 501
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