Biostimulants Market

Biostimulants Market (Distribution by Active Ingredients (Seaweed Extracts, Amino Acids, Humic Substances, Microbial Amendments and Other Active Ingredients), by Formulation (Liquid and Solid / Dry), by Applications (Foliar Treatment, Soil Treatment, Seed Treatment and Other Applications) and Key Geographical Regions (North America, Europe, Asia-Pacific, Middle East and North Africa and Latin America): Industry Trends and Global Forecasts, 2023-2035

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Biostimulants Market Overview 2023-2035

The biostimulants market is experiencing significant growth and is expected to continue expanding in the coming years given to the increasing demand for sustainable agriculture practices, driven by the need for crop yield and quality enhancement, as well as rising awareness about environmental safety. The industry is relatively newer compared to other agrochemical industries and is characterized by market fragmentation, making it challenging for companies to achieve economies of scale and invest in research and development.

Biostimulants are substances or microorganisms applied to plants with the aim of enhancing nutrition efficiency, abiotic stress tolerance, and/or crop quality traits, regardless of their nutrient content. They are distinct from fertilizers and pesticides and are intended to stimulate natural processes in plants to provide potential benefits to growth, development, and stress responses. These products are used to improve nutrient uptake, nutrient use efficiency, and tolerance to abiotic stress. The legal definition of plant biostimulants, as provided in the 2018 Farm Bill, describes them as substances or microorganisms that stimulate natural processes to enhance nutrient uptake, nutrient efficiency, tolerance to abiotic stress, or crop quality and yield. This definition aims to develop a regulatory framework for these materials, which are currently regulated as fertilizers, soil inoculants, or soil amendments at the state level.

Market Drivers

The major market growth drivers contributing to the growth of biostimulants market include a rising focus on enhancing productivity, rapid soil degradation, and the need for sustainable agriculture. Additionally, the increasing demand for agricultural biological inputs to enhance plant nutrient uptake and promote plant growth is also fueling market growth. Furthermore, rising support from governments to increase agricultural production of high-quality products that emit little, or no pollution is expected to enhance market growth in the forthcoming years. These factors collectively indicate a promising future for the global biostimulants market growth.

Market Restraints

The lack of transparency in patent protection laws in various countries has led to the prevalence of low-quality products in the biostimulants market. This lack of transparency has allowed regional or local manufacturers to introduce low-quality products to take advantage of the growing demand for biostimulants. The fragmented nature of the market, with limited entry barriers, has further contributed to the introduction of low-quality products. The low prices of these products from small-scale domestic manufacturers attract farmers, reducing consumer loyalty and brand value. The biostimulants market is expected to experience strong growth, and developing innovative products that act on a wide range of crops with better results is crucial for capitalizing on this growth. Failure to develop a unique selling proposition in this market may hinder a company's expansion beyond the regional market.

Market Opportunities

The key market opportunities in the biostimulants domain are driven by the increasing demand for biostimulant-treated seeds globally. The production of high-quality and effective seeds is crucial for achieving higher crop yields. Biostimulants aid in enhancing seed vigor during critical growth phases, making them widely used for seed treatment purposes globally. Many companies have started exploring this segment with increased investments in R&D activities. The combination of synthetic crop protection and biological-based seed treatments has proven to be beneficial. The industry has grown since cotton seedlings were first treated with biological solutions in the US in 1999. Seed treatment efficiently enhances seed activity in the soil environment, enabling them to colonize seedlings and roots and protect them against soil-borne diseases and pests. Global initiatives are also driving the use of effective biostimulants in the global seed treatment industry.

Biostimulants Market Segments Overview

The biostimulants market forecast on the basis of active ingredients (seaweed extracts, amino acids, humic substances, microbial amendments and other active ingredients). On the basis of formulation (liquid and solid / dry). On the basis of applications (foliar treatment, soil treatment, seed treatment and other applications). By geographical regions, the market is analyzed across North America, Europe, Asia-Pacific, Middle East and North Africa and Latin America.

Application Analysis Section

Based on applications, the biostimulants market is analyzed across foliar treatment, soil treatment, seed treatment and other applications. Foliar treatment holds the largest market share globally owing to its various benefits, including quicker nutrient absorption through leaves, increased cellular activity, and enhanced nutrient uptake. The soil treatment segment also contributes significantly to market revenue, employing physical, mechanical, chemical, and biological treatment techniques. Seed dressing, seed pelleting, and seed coating are among the major seed treatment application techniques, offering cost-effectiveness and efficiency. Seed treatment is expected to be the fastest-growing application of the product over the forecast period.

Regional Analysis Section

Based on region, the biostimulants market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe is expected to lead the market owing to supportive regulations for organic food production, particularly in Germany, a major producer of protein crops like field beans, field peas, and rapeseed. The demand for rapeseed in Germany exceeds domestic supply, necessitating better fertilizers such as biostimulants to improve crop yield. The Asia Pacific region follows closely, with countries like Thailand, Japan, India, Indonesia, and the Philippines showing diverse income levels, spending capacities, and food consumption habits, offering growth opportunities for the product.

Top Companies Engaged in Biostimulants Market

Key market players that are engaged in biostimulants market are (in alphabetical order) BASF, Biolchim, Biostadt, Element Solutions, Isagro, Italpollina, Koppert, Novozymes, Sapec Agro and Valagro. This market report includes an easily searchable excel database of all the biostimulants companies worldwide.

Biostimulants Market Report Highlights

Aspects Details
by Active Ingredients
  • Seaweed Extracts
  • Amino Acids
  • Humic Substances
  • Microbial Amendments 
  • Other Active Ingredients
by Formulation
  • Liquid 
  • Solid / Dry
by Applications
  • Foliar Treatment
  • Soil Treatment
  • Seed Treatment 
  • Other Applications
Key Geographical Regions
  • North America (U.S., Canada, Mexico)
  • Europe (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
  • BASF
  • Biolchim
  • Biostadt
  • Element Solutions
  • Isagro
  • Italpollina
  • Koppert
  • Novozymes
  • Sapec Agro
  • Valagro


Recent Developments in Biostimulants Market

There has been recent activity in the biostimulants industry and some of the key developments have been mentioned below:

  • In June 2023, AgBiome and Ginkgo Bioworks announced a partnership to enhance the performance of products in AgBiome's agricultural biologicals pipeline. By leveraging Ginkgo's advanced biology tools, AgBiome aims to optimize the live microbial strain products in their pipeline, providing growers with new and improved solutions.
  • In May 2023, UPL announced a collaboration with Biome Makers to enhance the understanding of the positive impact of UPL’s natural biosolution inputs on soil health.
  • In February 2023, Bayer and Kimitec entered into a global strategic partnership to accelerate the discovery and commercialization of biologicals, including crop protection and biostimulant products derived from natural sources. This partnership aims to bring the next generation of biologicals to millions of growers worldwide by leveraging Kimitec's biologicals discovery capabilities and Bayer's global field-testing resources and market expertise.

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