Based on active ingredient, global biostimulants market is segregated into acid-based, extract-based, and others. In 2022, acid-based segment accounted for the largest revenue share of 59.4% in the global biostimulants market. However, extract-based segment is expected to record fastest growth in terms of revenue during the forecast period (2023 to 2030).
On the basis of region, Europe accounted for the largest revenue share in 2022 and contributed for the revenue share of 41.0% in 2022, followed by Asia Pacific and North America. The regional growth is driven by rising demand for biostimulants as an alternative to chemical-based products in agriculture.
Foliar Treatment is expected to be the most widely used application method due to its high effectiveness
Foliar spray accounted for the majority of biostimulant application methods due to its high efficiency in boosting plant health. Numerous studies and research have demonstrated the advantages of foliar treatment. Despite being subjected to severe conditions, they helped enhance agricultural yields such as maize, cowpeas, and onions. According to Ali et al., 2019, foliar alphatocopherol administration boosted drought tolerance in wheat by enhancing its antioxidant defence mechanism, photosynthetic efficiency, water uptake, utilization, and photosynthetic pigment levels.
Seed treatment is becoming increasingly popular among producers as seed improvement procedures boost seed germination and seedling growth even when subjected to environmental stress conditions. Several field trials have demonstrated the advantages of utilising them goods on seeds. According to a study conducted by researchers at the University of Turin's Department of Life Sciences and Systems Biology, using an innovative biostimulant KIEM, manufactured by Green Has Italia S.p.A., the percentage germination improved by 6.45%, while fresh biomass increased by 13%.
Key features of the study:
- This report provides in-depth analysis of global biostimulants market and provides market size (US$ Mn) and cumulative annual growth rate (CAGR %) for the forecast period (2023– 2030) considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global biostimulants market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Acadian Seaplants Limited, Biostadt India Limited, Omex Agrifluids Ltd, Italpollina Spa, Koppert B.V., Bio Atlantis Ltd., BASF SE, Novozymes A/S, Agrinos A/S, and Platform Specialty Products Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up gradation, market expansion, and marketing tactics
- Global biostimulants market report caters to various stakeholders in this industry including investors, suppliers, Biostimulants manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global biostimulants market
Detailed Segmentation:
- Global Biostimulants Market, By Application:
- Global Biostimulants Market, By Crop Type:
- Row Crop
- Fruits & Vegetables
- Turfs and Ornamentals
- Other Crop Types
- Global Biostimulants Market, By Active Ingredient:
- Acid-based
- Extract Based
- Others
- Global Biostimulants Market, By Region:
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- Turkey
- GCC
- South Africa
- Rest of Middle East & Africa
- Company Profiles
- Acadian Seaplants Limited*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Biostadt India Limited
- Omex Agrifluids Ltd
- Italpollina Spa
- Koppert B.V.
- Bio Atlantis Ltd.
- BASF SE
- Novozymes A/S
- Agrinos A/S
- Platform Specialty Products Corporation
“*” marked represents similar segmentation in other categories in the respective section.