The global biostimulants market size is expected to reach USD 6.75 billion by 2028 and register a CAGR of 11.3%, according to the latest report by Reports and Data. Growing ecological concerns due to the overuse of chemical-based products in agricultural sector has increased the demand for eco-friendly biostimulants and is fueling market revenue growth.
Biostimulants are additives for crops and plants that enhance their nutritive efficiency, crop quality, and yield. They also increase stress tolerance of crops to extreme conditions such as floods, drought, or salinity. Extensive use of synthetic pesticides, scarcity of arable land, growing demand for high value-added crops, and increasing awareness about environmental impact of chemical products are some significant factors enhancing growth of the biostimulants market.
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Based On Region (Revenue, USD Billion, 2018 - 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Rest Of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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However, factors, such as lack of awareness and shortage of biostimulants products, along with lack of education about biostimulants are projected to hamper market growth. Additionally, lack of regulation for product commercialization in emerging economies is likely to restrain growth of the biostimulants market throughout the forecast period.
Key Players Of This Market -
BASF (Germany), Isagro (Italy), Valagro (Italy), Bayer (Germany), Italpollina (Italy), Koppert Biological Systems (Netherlands), Acadian Seaplants (Canada), UPL (India), and Biolchim (Italy).
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For this study, Reports and Data has segmented the global biostimulants market based on Source, Active Ingredient, Crop Type, Form, Application Method, and Region:
Based On Source: (Revenue, USD Billion, 2018 - 2028)
- Natural
- Synthetic
Based On Active Ingredient (Revenue, USD Billion, 2018 - 2028)
- Humic Substances
- Humic Acid
- Fulvic Acid
- Seaweed Extracts
- Microbial Amendments
- Amino Acids
- Others
- Vitamins
- Trace minerals
- Polysaccharides
Based On Crop Type (Revenue, USD Billion, 2018 - 2028)
- Cereals & Grains
- Fruits & Vegetables
- Turf & Ornamentals
- Oilseeds & Pulses
- Others
- Forage
- Plantation Crops
Based On Application Method: (Revenue, USD Billion, 2018 - 2028)
- Foliar Treatment
- Soil Treatment
- Seed Treatment
Based On Form: (Revenue, USD Billion, 2018 - 2028)
- Dry
- Liquid
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