Biostimulant Market

Global Biostimulant Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Active Ingredient Coverage, By Application Coverage, By Crop Type Coverage, By Geographic Coverage and Leading Companies)

Published Date: Oct 2023 | Format: | No. of Pages: 210

Industry: Chemicals & Materials


Request Customization $4,995.00Buy now

Global Biostimulant Market Forecast

  • The approximately US$2.9 Bn market for biostimulants (2022) to reach nearly US$4.9 Bn by 2030-end
  • Market size likely to witness expansion at a CAGR of 7.8% over 2023 - 2030

Global Biostimulant Market Snapshot, 2018 - 2030

Quick Report Digest

  1. The biostimulant market is growing due to increasing recognition of the importance of sustainable agriculture. Biostimulants enhance crop productivity, improve nutrient uptake, and reduce environmental impact. Regulatory support, technological advancements, and a focus on eco-friendly farming practices are driving market expansion to meet global food security and sustainability goals.
  2. Seaweed extracts have secured the largest market share in biostimulants due to their natural growth-promoting properties. Rich in beneficial compounds, they enhance plant growth, stress resistance, and nutrient uptake, aligning with the growing demand for sustainable, eco-friendly agricultural practices.
  3. Foliar application dominates the biostimulants market due to its immediate and direct impact on plants. It facilitates efficient nutrient absorption, photosynthesis, and stress tolerance. Farmers appreciate its rapid results, versatility, and compatibility with various crops, contributing to its largest market share.
  4. Fruits and vegetables lead the biostimulants market due to consumer demand for high-quality, sustainably grown produce. Biostimulants enhance yield and quality, and these crops often require specialised care and protection, making biostimulants crucial. Consumer preference for healthy and eco-friendly food drives their dominance.
  5. Europe holds the largest market share in the biostimulants market due to its strong focus on sustainable agriculture, stringent environmental regulations, and growing consumer demand for organic products. Government support, investment in R&D, and innovative biostimulant solutions drive its rapid growth.
  6. The biostimulants market in North America is expected to experience stable revenue growth over the forecast period due to increasing funding for agricultural biological research and development initiatives.
  7. The commercialisation of low-quality biostimulants challenges the market by undermining trust and credibility. Inferior products can lead to disappointing results for users, hindering adoption. Quality control and adherence to rigorous standards are essential to maintain the industry's integrity and ensure market sustainability.
  8. The evolving regulatory landscape presents challenges for the biostimulants market, as varying regulations and definitions of biostimulants can create confusion and compliance difficulties for manufacturers. Striking a balance between innovation and standardised rules is essential for market stability and growth.

A Look Back and a Look Forward - Comparative Analysis

The biostimulant market is growing due to increased awareness of sustainable agriculture practices and the need for eco-friendly solutions. Biostimulants enhance crop yield and quality while reducing the environmental impact of conventional chemical fertilizers and pesticides.

Regulatory support for biostimulant products and advancements in biotechnology are also driving market growth as farmers seek cost-effective and environmentally responsible ways to improve crop productivity and resilience.

The market witnessed staggered growth during the historical period 2018 – 2022. This is due to the substantial growth of the major end-use application sectors, such as seed and soil. Biostimulants are applied to sources to enhance germination, early seedling development, and overall plant vigor. They promote root growth, nutrient uptake, and stress tolerance, resulting in stronger, healthier plants. This can lead to improved crop yields and quality, making biostimulant-treated seeds a valuable choice in agriculture.

The biostimulant market is poised for substantial growth. Factors driving this growth include increasing demand for sustainable agriculture practices, rising environmental concerns, and stricter regulations on chemical fertilizers. Advances in biotechnology and research on microbial-based biostimulants are expected to contribute to market expansion.

As farmers seek eco-friendly solutions to enhance crop productivity and mitigate climate-related challenges, the biostimulant market is likely to see continued innovation and investment.

Global Biostimulant Market US$ Bn, 2018 - 2030

Key Growth Factors

  • Growing Demand for Higher Crop Productivity

The growing demand for higher crop productivity is a significant driver propelling the biostimulant market. With a global population on the rise and limited arable land available, there is an increasing need to maximise agricultural output.

Biostimulants offer a sustainable solution by enhancing nutrient uptake, root development, and stress tolerance in plants. They improve crop yields and quality without relying heavily on chemical fertilizers, reducing the environmental impact, and ensuring long-term soil health.

Moreover, the changing climate patterns and extreme weather events pose challenges to traditional agriculture. Biostimulants play a vital role in helping crops withstand these challenges, making them a crucial component in climate-resilient agriculture.

As the agricultural sector seeks innovative and eco-friendly ways to meet the rising food demands, the biostimulant market is poised for significant growth and adoption by farmers worldwide.

  • The Organic Farming Boom

The boom in organic farming is a key driver fueling the biostimulant market. Organic agriculture emphasizes sustainability and prohibits the use of synthetic chemicals, making biostimulants an attractive option. Biostimulants improve soil health, nutrient availability, and plant resilience, aligning with organic farming principles.

As consumers increasingly prioritise organic produce, farmers are turning to biostimulants to enhance crop yields and quality while adhering to organic standards. This shift towards organic farming practices is expected to drive the demand for biostimulants, making them integral to the success of organic agriculture in meeting market demands.

  • Increasing Government Support

Increasing government support is a significant driver for the biostimulant market. Governments worldwide are recognising the environmental benefits and sustainable agriculture potential of biostimulants. They are implementing policies, incentives, and regulatory frameworks that encourage their use.

Subsidies, research funding, and tax incentives for adopting biostimulants are becoming common, enabling farmers to integrate these eco-friendly solutions into their practices. This support not only promotes sustainable agriculture but also helps address food security and environmental concerns, propelling the biostimulant market's growth as it gains broader acceptance and adoption in the agricultural sector.

Major Growth Barriers

  • Changing Regulatory Landscape

The changing regulatory landscape poses challenges to the biostimulant market. As governments work to define and regulate biostimulants, there needs to be more certainty surrounding product classification, labeling, and quality standards. Compliance with evolving regulations can be costly and time-consuming for manufacturers, potentially hindering market growth.

Additionally, differing laws in various regions create market fragmentation, making it challenging for companies to navigate a complex global landscape. To thrive in this environment, the biostimulant industry must adapt to evolving regulatory requirements while maintaining product efficacy and safety to ensure market sustainability.

  • Commercialisation of Low-quality Biostimulants

The commercialisation of low-quality biostimulant products presents a challenge to the biostimulant market. Inferior products can undermine the credibility of the industry and erode trust among farmers and consumers. These low-quality biostimulants may need to deliver the promised benefits, leading to disappointing results and financial losses for users.

Such experiences can deter adoption and tarnish the reputation of biostimulants. Ensuring quality control, standardisation, and rigorous testing is essential to mitigate this challenge and maintain the integrity of the biostimulant market.

Key Trends and Opportunities to Look at

  1. Microbial Biostimulants

Microbial biostimulants, harnessing beneficial microorganisms, are revolutionising the biostimulant market. They enhance nutrient uptake, improve soil health, and protect plants from stress and diseases. These products offer eco-friendly, sustainable solutions that align with modern agriculture's focus on reduced chemical inputs and enhanced crop resilience.

As microbial biostimulants gain acceptance, they are expected to play An important role in shaping the future of agriculture and sustainable food production.

  1. Precision Agriculture, and IoT

The rise of precision agriculture, and IoT integration are transforming the biostimulant market by enabling precise, data-driven application of biostimulants. IoT devices and sensors monitor soil conditions, plant health, and weather, allowing farmers to optimise biostimulant use for maximum effectiveness.

This reduces wastage, improves resource efficiency, and enhances crop yields, making precision agriculture and IoT integral to the future of biostimulant adoption in modern farming practices.

  1. Biostimulant Formulations

Biostimulant formulations are revolutionising the biostimulant market by enhancing product stability and shelf life. These advancements ensure the longevity and efficacy of active ingredients, making biostimulants more reliable for farmers.

The development of stable formulations fosters confidence in product performance, encouraging wider adoption and growth in the biostimulant market.

Global Biostimulant Market DROs

How Does the Regulatory Scenario Shape this Industry?

The regulatory scenario significantly influences the biostimulant market. Regulations governing biostimulants vary by country and region, impacting product development, marketing, and market access. In recent years, there has been a concerted effort to define and harmonise regulations for biostimulants.

In the European Union, for example, the introduction of the EU Fertilizing Products Regulation has aimed to establish a clear regulatory framework for biostimulants, distinguishing them from fertilizers and pesticides. This framework is expected to provide greater clarity for manufacturers and ensure product safety for end-users.

Additionally, regulatory support and approvals play a crucial role in the market's growth. The registration and certification of biostimulant products by regulatory authorities provide credibility and confidence to both farmers and consumers. Companies that comply with regulatory requirements gain a competitive advantage, and their products are more readily adopted by farmers seeking reliable and safe solutions.

However, the evolving nature of biostimulants and the complexity of their modes of action present challenges for regulators. Striking the right balance between providing clear guidelines and allowing for innovation is essential.

As the regulatory landscape continues to evolve, collaboration between industry stakeholders and regulatory authorities is vital to ensure that biostimulants can fulfill their potential in sustainable agriculture and contribute to global food security.

Fairfield’s Ranking Board

Top Segments

  1. Seaweed Extracts Active Ingredient Dominant

Seaweed extracts have captured the largest market share in the biostimulant market due to their versatility and proven efficacy. They contain natural growth-promoting compounds, including cytokinins, auxins, and amino acids, which enhance plant growth and stress resistance.

Seaweed extracts also offer benefits such as improved nutrient uptake, disease resistance, and enhanced soil health. Their organic and sustainable nature aligns with modern agriculture's focus on eco-friendly practices, driving their widespread adoption and market dominance.

Vitamins and amino acids will be experiencing the highest CAGR in the biostimulant market due to their essential role in plant metabolism and growth. These compounds act as cofactors in enzymatic reactions, promoting nutrient absorption and photosynthesis. Their application results in improved plant vigor, increased yield, and enhanced stress tolerance.

As the demand for sustainable agriculture and eco-friendly solutions rises, vitamins and amino acids' effectiveness in improving crop performance fuels their rapid growth in the biostimulant market.

  1. Foliar Application Will Surge Ahead

Foliar application has captured the largest market share in the biostimulant market due to its direct and rapid impact on plant health and productivity. Applying biostimulants through the leaves allows for efficient absorption of nutrients and active compounds, enhancing photosynthesis, nutrient uptake, and stress tolerance.

This method provides a quick response and is versatile, making it a preferred choice for many farmers seeking immediate and visible results, thereby driving its dominance in the biostimulant market.

Seed will represent the strongest category of the biostimulant market due to its potential to enhance crop performance from the earliest stages. Biostimulants applied to seeds promote germination, root development, and stress resistance, providing a strong foundation for plant growth. This approach offers a convenient and efficient way to integrate biostimulants into farming practices, making it increasingly popular among growers and contributing to its rapid growth in the market.

  1. Fruits & Vegetables Lead

Fruits and vegetables have captured the largest market share in the biostimulant market due to the heightened consumer demand for high-quality, nutritious, and sustainably grown produce.

Biostimulants are used extensively in horticultural crops to enhance yield, quality, and shelf-life. Additionally, these crops often require specialised care and protection from stressors, making biostimulants an essential component in their cultivation.

As consumers increasingly prioritize healthy and eco-friendly food options, the market for biostimulants in fruits and vegetables continues to expand. Row crops and cereals are all set for strong growth in the biostimulant market due to the need for increased agricultural productivity and sustainability.

Biostimulants offer solutions to optimize the growth of staple crops like corn, wheat, and soybeans. They improve nutrient uptake, stress tolerance, and overall crop resilience, ensuring higher yields and better-quality grains. As the global demand for staple foods rises, the adoption of biostimulants in row crop and cereal production is rapidly increasing.

Regional Frontrunners

Europe in the Bandwagon

Over the forecast period, the European biostimulant market will account for the largest revenue share due to the increased attention, respective governments have placed on the use of sustainable farming products, tools, and techniques, as well as several biostimulants promoting councils in the region.

For instance, a legal framework for ‘Plant Strengtheners’ (PS), which are biostimulants as specified in Section 2.1, was created in Germany by the Federal Office of Consumer Protection and Food Safety (BVL).

The European Union's agricultural regulatory framework is becoming more open to environmental considerations, encouraging the creation of novel models, methods, and practices that are sustainable, eco-friendly, and enable a plant to make the most of its resources. In Europe, biostimulant compounds are already used extensively and this is expected to increase significantly over the forecast period.

Global Biostimulant Market Regional Outlook, 2018 - 2030

Gains for North America for Growing Emphasis on Organic Farming

North America’s biostimulant market gains from a strong focus on sustainable agriculture, environmental regulations, and increasing consumer demand for organic and eco-friendly products are driving the adoption of biostimulants.

One of the main factors influencing agricultural research development and the adoption of these bioproducts in enhancing stress tolerance and growth in various crops is the recent advancements in science and technology.

Furthermore, the sale of these products is being driven in this region by the rising use of organic agricultural techniques and the synergistic effects of PGP. According to a 2019 organic survey conducted by the US Department of Agriculture (USDA), there were 16,585 organic farms in the country.

North America Biostimulant Market, by Application, 2018 - 2030, US$ Bn

Fairfield’s Competitive Landscape Analysis

The global biostimulant market is a consolidated market with fewer major players present across the globe. The key players are introducing new products as well as working on the distribution channels to enhance their worldwide presence. Moreover, Fairfield Market Research is expecting the market to witness more consolidation over the coming years.

Who are the Leaders in the Global Biostimulant Space?

  • BASF SE
  • Isagro
  • Valagro
  • Syngenta
  • FMC Corporation
  • Koppert Biological Systems
  • Agrinos
  • Haifa Group
  • Humintech
  • Hello Nature International
  • Tagrow Company Ltd.
  • AXEB Biotech
  • Novozymes A/S
  • Biolchim
  • UPL Limited

Significant Company Developments

New Product Launches

  • July 2022: Seipasa, a Spanish company specialised in development, formulation, and production of natural solutions for agriculture, introduced its line of biostimulants and nutrition products for the Ecuadorian market. The release of Seipasa's Kynetic4, Bryosei, Seipafol Mix, or Talsei products, among others, is part of the company's strategy to improve its business in the region.
  • July 2021: ADAMA, an Israeli company, has completed the acquisition of a majority 51% stake in Huifeng's vital crop protection synthesis and formulation facilities. This strategic move is anticipated to substantially enhance ADAMA's commercial presence within China while also fortifying its operational capacities, making it more competitive on a global scale.
  • June 2021: FMC Corporation, a US-based company, has unveiled a fresh brand identity for its plant health division, which will now be known as "Biologicals by FMC." This division will market a range of products, including biostimulants, biofungicides, and other plant health solutions, under this newly established brand.

Distribution Agreement

  • January 2021: BASF SE, headquartered in Germany, has entered a collaborative partnership with Delair, a French company, to expand the scope of BASF SE's research and development initiatives related to seeds, traits, and crop protection. This collaboration will empower BASF's global network of agricultural research facilities to leverage the Delair AI cloud platform. This platform will facilitate the efficient organisation and standardisation of data collected from drone-based field research studies.

An Expert’s Eye

Demand and Future Growth

As per Fairfield’s Analysis, an increase in demand for quality agriculture products is driving the market. The market demand for biostimulants is driven by the increasing need for sustainable agriculture and eco-friendly solutions to boost crop productivity.

Biostimulants enhance nutrient uptake, stress resistance, and overall plant health, aligning with modern agricultural practices. As global population growth and environmental concerns intensify, the biostimulant market is poised for future growth.

Factors such as regulatory support, technological advancements, and the focus on organic farming contribute to a positive outlook, with sustained demand and expansion expected in the years ahead.

Supply Side of the Market

The leading countries in the biostimulant market include the United States, where a strong emphasis on sustainable agriculture drives adoption, followed by European nations such as Spain, Italy, and France, which have well-established markets.

Emerging economies like China, and India are also significant players due to their growing agricultural sectors and increasing demand for eco-friendly solutions. These countries contribute significantly to the global biostimulant market's growth and development.

Raw materials for biostimulants include plant extracts, seaweed, humic substances, amino acids, and microbial cultures. Suppliers vary depending on the specific raw material. For example, major suppliers of seaweed extracts include companies like Acadian Seaplants and BioAtlantis.

Amino acids can be sourced from companies like Ajinomoto, and Kyowa Hakko Bio. Humic substances may come from suppliers like Humintech, while microbial cultures may be obtained from Novozymes or Lallemand Plant Care, among others.

Global Biostimulant Market is Segmented as Below:

By Active Ingredient:

  • Seaweed Extracts
  • Organic Acids
  • Microbial & Amendments
  • Vitamins & Amino Acids
  • Trace Elements

By Application:

  • Foliar
  • Seed
  • Soil

By Crop Type:

  • Fruits & Vegetables
  • Row Crops & Cereals
  • Turf & Ornamentals

By Geographic Coverage:

  • North America 
    • U.S.
    • Canada 
  • Europe 
    • Germany
    • U.K.
    • France
    • Italy
    • Turkey
    • Russia
    • Rest of Europe 
  • Asia Pacific 
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America 
    • Brazil 
    • Mexico 
    • Argentina
    • Rest of Latin America 
  • Middle East & Africa  
    • GCC 
    • South Africa
    • Egypt
    • Nigeria
    • Rest of the Middle East & Africa

1. Executive Summary
    1.1. Global Biostimulant Market Snapshot
    1.2. Future Projections
    1.3. Key Market Trends
    1.4. Regional Snapshot, by Value/Volume, 2022
    1.5. Analyst Recommendations

2. Market Overview
    2.1. Market Definitions and Segmentations
    2.2. Market Dynamics
           2.2.1. Drivers
           2.2.2. Restraints
           2.2.3. Market Opportunities
    2.3. Value Chain Analysis
    2.4. Porter’s Five Forces Analysis
    2.5. Covid-19 Impact Analysis
           2.5.1. Supply
           2.5.2. Demand
    2.6. Impact of Ukraine-Russia Conflict
    2.7. Economic Overview
           2.7.1. World Economic Projections
    2.8. PESTLE Analysis

3. Global Biostimulant Market Outlook, 2018 - 2030
    3.1. Global Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
           3.1.1. Key Highlights
                 3.1.1.1. Seaweed Extracts
                 3.1.1.2. Organic Acids
                 3.1.1.3. Microbials & Amendments
                 3.1.1.4. Vitamins & Amino Acids
                 3.1.1.5. Trace Elements
                 3.1.1.6. Misc.
    3.2. Global Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           3.2.1. Key Highlights
                 3.2.1.1. Foliar
                 3.2.1.2. Seed
                 3.2.1.3. Soil
    3.3. Global Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
           3.3.1. Key Highlights
                 3.3.1.1. Fruits & Vegetables
                 3.3.1.2. Row Crops & Cereals
                 3.3.1.3. Turf & Ornamentals
                 3.3.1.4. Misc.
    3.4. Global Biostimulant Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
           3.4.1. Key Highlights
                 3.4.1.1. North America
                 3.4.1.2. Europe
                 3.4.1.3. Asia Pacific
                 3.4.1.4. Latin America
                 3.4.1.5. Middle East & Africa

4. North America Biostimulant Market Outlook, 2018 - 2030
    4.1. North America Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
           4.1.1. Key Highlights
                 4.1.1.1. Seaweed Extracts
                 4.1.1.2. Organic Acids
                 4.1.1.3. Microbials & Amendments
                 4.1.1.4. Vitamins & Amino Acids
                 4.1.1.5. Trace Elements
                 4.1.1.6. Misc.
    4.2. North America Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           4.2.1. Key Highlights
                 4.2.1.1. Foliar
                 4.2.1.2. Seed
                 4.2.1.3. Soil
    4.3. North America Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
           4.3.1. Key Highlights
                 4.3.1.1. Fruits & Vegetables
                 4.3.1.2. Row Crops & Cereals
                 4.3.1.3. Turf & Ornamentals
                 4.3.1.4. Misc.
           4.3.2. BPS Analysis/Market Attractiveness Analysis
    4.4. North America Biostimulant Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           4.4.1. Key Highlights
                 4.4.1.1. U.S. Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 4.4.1.2. U.S. Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 4.4.1.3. U.S. Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 4.4.1.4. U.S. Biostimulant Market End Use, Value (US$ Bn), 2018 - 2030
                 4.4.1.5. Canada Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 4.4.1.6. Canada Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 4.4.1.7. Canada Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 4.4.1.8. Canada Biostimulant Market End Use, Value (US$ Bn), 2018 - 2030
           4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Biostimulant Market Outlook, 2018 - 2030
    5.1. Europe Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
           5.1.1. Key Highlights
                 5.1.1.1. Seaweed Extracts
                 5.1.1.2. Organic Acids
                 5.1.1.3. Microbials & Amendments
                 5.1.1.4. Vitamins & Amino Acids
                 5.1.1.5. Trace Elements
                 5.1.1.6. Misc.
    5.2. Europe Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           5.2.1. Key Highlights
                 5.2.1.1. Foliar
                 5.2.1.2. Seed
                 5.2.1.3. Soil
    5.3. Europe Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
           5.3.1. Key Highlights
                 5.3.1.1. Fruits & Vegetables
                 5.3.1.2. Row Crops & Cereals
                 5.3.1.3. Turf & Ornamentals
                 5.3.1.4. Misc.
           5.3.2. BPS Analysis/Market Attractiveness Analysis
    5.4. Europe Biostimulant Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           5.4.1. Key Highlights
                 5.4.1.1. Germany Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 5.4.1.2. Germany Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 5.4.1.3. Germany Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.4. U.K. Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 5.4.1.5. U.K. Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 5.4.1.6. U.K. Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.7. France Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 5.4.1.8. France Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 5.4.1.9. France Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.10. Italy Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 5.4.1.11. Italy Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 5.4.1.12. Italy Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.13. Turkey Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 5.4.1.14. Turkey Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 5.4.1.15. Turkey Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.16. Russia Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 5.4.1.17. Russia Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 5.4.1.18. Russia Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.19. Rest of Europe Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 5.4.1.20. Rest of Europe Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 5.4.1.21. Rest of Europe Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
           5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Biostimulant Market Outlook, 2018 - 2030
    6.1. Asia Pacific Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
           6.1.1. Key Highlights
                 6.1.1.1. Seaweed Extracts
                 6.1.1.2. Organic Acids
                 6.1.1.3. Microbials & Amendments
                 6.1.1.4. Vitamins & Amino Acids
                 6.1.1.5. Trace Elements
                 6.1.1.6. Misc.
    6.2. Asia Pacific Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           6.2.1. Key Highlights
                 6.2.1.1. Foliar
                 6.2.1.2. Seed
                 6.2.1.3. Soil
    6.3. Asia Pacific Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
           6.3.1. Key Highlights
                 6.3.1.1. Fruits & Vegetables
                 6.3.1.2. Row Crops & Cereals
                 6.3.1.3. Turf & Ornamentals
                 6.3.1.4. Misc.
           6.3.2. BPS Analysis/Market Attractiveness Analysis
    6.4. Asia Pacific Biostimulant Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           6.4.1. Key Highlights
                 6.4.1.1. China Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 6.4.1.2. China Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 6.4.1.3. China Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 6.4.1.4. Japan Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 6.4.1.5. Japan Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 6.4.1.6. Japan Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 6.4.1.7. South Korea Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 6.4.1.8. South Korea Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 6.4.1.9. South Korea Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 6.4.1.10. India Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 6.4.1.11. India Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 6.4.1.12. India Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 6.4.1.13. Southeast Asia Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 6.4.1.14. Southeast Asia Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 6.4.1.15. Southeast Asia Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 6.4.1.16. Rest of Asia Pacific Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 6.4.1.17. Rest of Asia Pacific Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 6.4.1.18. Rest of Asia Pacific Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
           6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Biostimulant Market Outlook, 2018 - 2030
    7.1. Latin America Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
           7.1.1. Key Highlights
                 7.1.1.1. Seaweed Extracts
                 7.1.1.2. Organic Acids
                 7.1.1.3. Microbials & Amendments
                 7.1.1.4. Vitamins & Amino Acids
                 7.1.1.5. Trace Elements
                 7.1.1.6. Misc.
    7.2. Latin America Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           7.2.1. Key Highlights
                 7.2.1.1. Foliar
                 7.2.1.2. Seed
                 7.2.1.3. Soil
    7.3. Latin America Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
           7.3.1. Key Highlights
                 7.3.1.1. Fruits & Vegetables
                 7.3.1.2. Row Crops & Cereals
                 7.3.1.3. Turf & Ornamentals
                 7.3.1.4. Misc.
           7.3.2. BPS Analysis/Market Attractiveness Analysis
    7.4. Latin America Biostimulant Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           7.4.1. Key Highlights
                 7.4.1.1. Brazil Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 7.4.1.2. Brazil Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 7.4.1.3. Brazil Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 7.4.1.4. Mexico Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 7.4.1.5. Mexico Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 7.4.1.6. Mexico Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 7.4.1.7. Argentina Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 7.4.1.8. Argentina Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 7.4.1.9. Argentina Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 7.4.1.10. Rest of Latin America Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 7.4.1.11. Rest of Latin America Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 7.4.1.12. Rest of Latin America Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
           7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Biostimulant Market Outlook, 2018 - 2030
    8.1. Middle East & Africa Biostimulant Market Outlook, by Active Ingredient, Value (US$ Bn), 2018 - 2030
           8.1.1. Key Highlights
                 8.1.1.1. Seaweed Extracts
                 8.1.1.2. Organic Acids
                 8.1.1.3. Microbials & Amendments
                 8.1.1.4. Vitamins & Amino Acids
                 8.1.1.5. Trace Elements
                 8.1.1.6. Misc.
    8.2. Middle East & Africa Biostimulant Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           8.2.1. Key Highlights
                 8.2.1.1. Foliar
                 8.2.1.2. Seed
                 8.2.1.3. Soil
    8.3. Middle East & Africa Biostimulant Market Outlook, by Crop Type, Value (US$ Bn), 2018 - 2030
           8.3.1. Key Highlights
                 8.3.1.1. Fruits & Vegetables
                 8.3.1.2. Row Crops & Cereals
                 8.3.1.3. Turf & Ornamentals
                 8.3.1.4. Misc.
          8.3.2. BPS Analysis/Market Attractiveness Analysis
    8.4. Middle East & Africa Biostimulant Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           8.4.1. Key Highlights
                 8.4.1.1. GCC Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 8.4.1.2. GCC Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 8.4.1.3. GCC Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 8.4.1.4. South Africa Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 8.4.1.5. South Africa Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 8.4.1.6. South Africa Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 8.4.1.7. Egypt Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 8.4.1.8. Egypt Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 8.4.1.9. Egypt Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 8.4.1.10. Nigeria Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 8.4.1.11. Nigeria Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 8.4.1.12. Nigeria Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
                 8.4.1.13. Rest of Middle East & Africa Biostimulant Market by Active Ingredient, Value (US$ Bn), 2018 - 2030
                 8.4.1.14. Rest of Middle East & Africa Biostimulant Market Application, Value (US$ Bn), 2018 - 2030
                 8.4.1.15. Rest of Middle East & Africa Biostimulant Market Crop Type, Value (US$ Bn), 2018 - 2030
           8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
    9.1. Crop Type vs Application Heatmap
    9.2. Manufacturer vs Application Heatmap
    9.3. Company Market Share Analysis, 2022
    9.4. Competitive Dashboard
    9.5. Company Profiles
           9.5.1. BASF SE
                 9.5.1.1. Company Overview
                 9.5.1.2. Application Portfolio
                 9.5.1.3. Financial Overview
                 9.5.1.4. Business Strategies and Development
           9.5.2. Isagro S.p.A
                 9.5.2.1. Company Overview
                 9.5.2.2. Application Portfolio
                 9.5.2.3. Financial Overview
                 9.5.2.4. Business Strategies and Development
           9.5.3. Valagro SpA
                 9.5.3.1. Company Overview
                 9.5.3.2. Application Portfolio
                 9.5.3.3. Financial Overview
                 9.5.3.4. Business Strategies and Development
           9.5.4. Syngenta
                 9.5.4.1. Company Overview
                 9.5.4.2. Application Portfolio
                 9.5.4.3. Financial Overview
                 9.5.4.4. Business Strategies and Development
           9.5.5. FMC Corporation
                 9.5.5.1. Company Overview
                 9.5.5.2. Application Portfolio
                 9.5.5.3. Financial Overview
                 9.5.5.4. Business Strategies and Development
           9.5.6. Koppert Biological Systems
                 9.5.6.1. Company Overview
                 9.5.6.2. Application Portfolio
                 9.5.6.3. Financial Overview
                 9.5.6.4. Business Strategies and Development
           9.5.7. Agrinos
                 9.5.7.1. Company Overview
                 9.5.7.2. Application Portfolio
                 9.5.7.3. Financial Overview
                 9.5.7.4. Business Strategies and Development
           9.5.8. Haifa Group
                 9.5.8.1. Company Overview
                 9.5.8.2. Application Portfolio
                 9.5.8.3. Financial Overview
                 9.5.8.4. Business Strategies and Development
           9.5.9. Humintech GmbH
                 9.5.9.1. Company Overview
                 9.5.9.2. Application Portfolio
                 9.5.9.3. Financial Overview
                 9.5.9.4. Business Strategies and Development
           9.5.10. Hello Nature International Srl
                 9.5.10.1. Company Overview
                 9.5.10.2. Application Portfolio
                 9.5.10.3. Financial Overview
                 9.5.10.4. Business Strategies and Development
           9.5.11. TAGROW CO., LTD.
                 9.5.11.1. Company Overview
                 9.5.11.2. Application Portfolio
                 9.5.11.3. Financial Overview
                 9.5.11.4. Business Strategies and Development
           9.5.12. AXEB BIOTECH SL
                 9.5.12.1. Company Overview
                 9.5.12.2. Application Portfolio
                 9.5.12.3. Financial Overview
                 9.5.12.4. Business Strategies and Development
           9.5.13. Novozymes A/S
                 9.5.13.1. Company Overview
                 9.5.13.2. Application Portfolio
                 9.5.13.3. Financial Overview
                 9.5.13.4. Business Strategies and Development
           9.5.14. Biolchim SpA
                 9.5.14.1. Company Overview
                 9.5.14.2. Application Portfolio
                 9.5.14.3. Financial Overview
                 9.5.14.4. Business Strategies and Development
           9.5.15. UPL Limited
                 9.5.15.1. Company Overview
                 9.5.15.2. Application Portfolio
                 9.5.15.3. Financial Overview
                 9.5.15.4. Business Strategies and Development

10. Appendix
    10.1. Research Methodology
    10.2. Report Assumptions
    10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

  

2018 - 2022

2023 - 2030 

Value: US$ Million

 

REPORT FEATURES

DETAILS

Active Ingredient Coverage

  • Seaweed Extracts
  • Organic Acids
  • Microbial & Amendments
  • Vitamins & Amino Acids
  • Trace Elements

Application Coverage

  • Foliar
  • Seed
  • Soil

Crop Type Coverage

  • Fruits & Vegetables
  • Row Crops & Cereals
  • Turf & Ornamentals

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of EU
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middles East & Africa
    • GCC Countries 
    • South Africa 
    • Rest of Middle East & Africa

Leading Companies

  • BASF SE
  • Isagro
  • Valagro
  • Syngenta
  • FMC Corporation
  • Koppert Biological Systems
  • Agrinos
  • Haifa Group
  • Humintech
  • Hello Nature International
  • Tagrow Company Ltd. 
  • AXEB Biotech
  • Novozymes A/S
  • Biolchim 
  • UPL Limited 

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2021), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Biostimulant Market

BASF SE, Syngenta, FMC Corporation, Agrinos, Humintech, AXEB Biotech, and Biolchim are some of the biggest names steering the competitive landscape of the worldwide biostimulant industry.

By active ingredient, seaweed extracts continue to represent the top-performing segment of the market. By application, the foliar segment continues to be the largest category in the global biostimulant market. By region, Europe is presently the leading revenue generating pocket.

The global biostimulant market size is worth around US$2.9 Bn as of 2022. By the end of 2030, the expected value CAGR of the market is 7.8%.

The primary factor projected to drive the revenue growth of the global biostimulant market is the consistently increasing government support, and the thriving organic farming boom.

The rise of precision agriculture, and growing integration of IoT are transforming the biostimulant market by enabling the precise, data-driven application of biostimulants. IoT devices and sensors serve to monitor soil conditions, plant health, and weather, allowing farmers to optimise the use of biostimulants for their maximum effectiveness.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
Fairfield Quality assured
Fairfield Confidentiality assured
Fairfield Custom research services