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Biostimulant market - Future Trends, 2023

The biostimulant market is predicted to reach $4,089 million by 2023. The global market is segmented by crop type, application, and geography.

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Biostimulant market - Future Trends, 2023

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  1. Biostimulant Market Outlook, 2023 • The Global Biostimulant Market size was valued at $1,784 million in 2016, and is projected to reach $4,089 million by 2023, growing at a CAGR of 12.6% from 2017 to 2023. Biostimulants are biologically produced fertilizers that are used to stimulate plant development and productivity, in addition to the nourishment of agrarian products. A biostimulant boosts plant development and growth throughout the crop life cycle, i.e., from seed germination to plant maturity. These fertilizers further help in facilitating nutrient translocation, assimilation, and use; and enhance soil fertility mainly by stimulating the development of interdependent soil microorganisms. • Download PDF Sample Copy: • Increase in focus to increase crop productivity and quality drives the surging demand for biostimulant products in the market. Another significant factor influencing the market growth is the introduction of sustainable agriculture to protect the environment from adverse effects, especially in Europe and North America. However low awareness about the advantages of biostimulants in agricultural activities among the farmers impedes the market growth. Furthermore, increase in demand for high crop yield and quality, and high contribution to sustainable agriculture is anticipated to propel the market growth. However, lack of education and awareness among farmers may hinder the market growth. Moreover, proactive government support for biostimulants in Europe, continuous development and production of innovative bio-based products, and increase in disposable income and rise in spending boost market expansion may create new opportunities for the key players in this biostimulant market.

  2. Regional Analysis • Asia-Pacific is the fastest growing region, in terms of revenue and volume, in the global biostimulant market. China, Japan, India, Korea, and Australia are the major contributors to the growth of this region. Biostimulants are used during seed treatments to enhance the crop vigor at early stage of development in this region. These products improve the plants capability to assimilate nutrients and facilitate plant growth. Increase in demand for high-quality agricultural products, growth in importance of organic farming, and need for enhanced productivity are major factors anticipated to increase the consumption of biostimulants in Asia-Pacific, especially in India, China, and Japan. • The prominent players in the global biostimulant market analysis strategically focus on product launch as their key strategy to gain significant biostimulant market share.

  3. Key Players Profiled In The Report: BASF SE Biolchim S.p.A. Isagro S.p.A. Koppert B.V. Biostadt India Limited Italpollina S.p.A. Platform Specialty Product Corporation Sapec Group Valagro S.p.A. Novozymes A/S

  4. Key Benefits For Biostimulant Market: • Competitive intelligence of leading manufacturers and distributors of biostimulant assists in understanding the competitive scenario across geographies. • Comprehensive analysis of factors that drive and restrain the biostimulant market growth is provided. • Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework during the biostimulant market forecast period. • Key players are profiled and their strategies are analyzed to determine the competitive outlook of the market. • This report provides an extensive analysis of the current biostimulant market trends and emerging estimations in the global biostimulant market. • In-depth analysis of the industry is conducted through market estimations of key segments from 2017 to 2023.

  5. Biostimulant Market Key Segments: By Crop Type Row Crops & Cereals Fruits & Vegetables Turf & Ornamentals Other Crops By Type • Acid-based • Humic Acid • Fulvic Acid • Amino Acid • Extract-based • Seaweed Extracts • Other Plant Extracts • Others • B-Vitamins • Chitin & Chitosan • Microbial Soil Amendments By Application • Foliar • Soil • Seed

  6. By Geography • Asia-Pacific • China • India • Japan • Australia • Rest of Asia-Pacific • LAMEA • South Africa • Brazil • Turkey • Rest of LAMEA • North America • U.S. • Canada • Mexico • Europe • Spain • Italy • France • UK • Germany • Rest of Europe

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