BIOSTIMULANTS MARKET ANALYSIS

Regional Analysis

Global Biostimulants Market: Regional Analysis

Europe region dominated the global biostimulants market in 2022, accounting for 41.0% share, in terms of volume, followed by North America and Asia Pacific, respectively.

In 2022, Europe dominated the market with a revenue share of 41.0%, owing to supportive government regulations that increase organic food production. Germany is a significant producer of protein crops like field beans and field peas. It is also Europe's largest rapeseed producer. Rapeseed production is driven by a variety of applications including biofuel, food, and other industrial uses. In Germany, rapeseed demand exceeds domestic supply, necessitating the use of better fertilizers, such as biostimulants, to increase crop yield.

Asia Pacific hold second position in market, due to some of the world's largest agrarian countries including Thailand, Japan, India, Indonesia, the Philippines, and others. These countries have a wide range of income levels, spending capacities, and food consumption habits. The agricultural sector in this region is expanding, and the population is primarily dependent on agriculture, thus, this is expected to create lucrative growth opportunities for the product.

Geographies covered:

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa