Biostimulants Market size was valued at US$ 3.06 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 10.65% through 2024 to 2030, reaching nearly US$ 6.22 Bn.
A biostimulant is a naturally generated additive or microbe used to improve nutrient efficiency, abiotic stress tolerance, and crop quality in crops. Plants such as fruits and vegetables, oilseeds and pulses, cereals and grains, and turfs and ornamentals are all treated with Biostimulants. Biostimulants can be applied to plants in a variety of ways, including foliar treatment, soil therapy, and seed treatment. Biostimulants are applied to sections of the plant that are visible above ground during foliar feeding and are regarded an important aspect of crop productivity, particularly in horticultural crops. The report prapared for biostimulants market has segment analysis on the basis of active ingredients, mode of application, form, crop type and region.
Biostimulants Market Report Scope and Research Methodology
The Biostimulants Market is largely driven by strong global market demand for high-value crops and the growing need to maintain agricultural growth in the face of abiotic stress caused by changing climatic conditions. Furthermore, in most countries, technical improvements by important companies have resulted in a significant demand for biostimulant goods. During the forecast period, the market is expected to be driven by a growing focus on increasing productivity, as well as rapid soil degradation. The biostimulant market’s scope of growth has been broadened by growing knowledge of the benefits associated with Biostimulants and their extensive application on various types of crops.
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Biostimulants Market Regional Insights
Europe region is expected to dominate the Biostimulants market during the forecast period 2024-2030. Europe region is expected to hold the largest market shares of xx% by 2030. The increasing relevance of a sustainable agriculture strategy, as well as the increased development of new novel solutions that target specific agronomic needs, are driving the European biostimulants market. The key drivers of increased biostimulant usage in the region are Spain, Italy, and France. These countries are also big biostimulant suppliers to international markets. Furthermore, the region’s inadequate regulatory environment for this sector has resulted in the emergence of a slew of biostimulant businesses.
Biostimulants Market Segmentation
Based on the Active Ingredients, the market is segmented into Humic substances, Humic acid, Fulvic acid, Seaweed extracts, Microbial amendments, Amino acids, and Other active ingredients. Amino acids segment is expected to hold the largest market shares of xx% by 2030. The higher price of amino acids explains this dominance. Biostimulants were previously created with a single active component that was specialised to a purpose. Manufacturers have been designing formulations with a blend of numerous active components to cater to multifunctionality, as awareness of sustainability has grown and research activities have increased. These are the factors that are expected to drives the growth of the Amino acids segment in the Biostimulants market during the forecast period 2024-2030.
Biostimulants Market Key Players
Valagro S.p.A (Italy)
Gowan Group (US)
FMC Corporation (US)
ILSA S.p.A (Italy)
Rallis India Limited (India)
Haifa Group (Israel)
Adama Ltd. (Israel)
Biovert S.L (Spain)
C-Combinator (US)
AlgaEnergy (Spain)
NovoZymes (Denmark)
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Key questions answered in the Biostimulants Market are:
- What is Biostimulants ?
- What was the Biostimulants market size in 2023?
- What is the growth rate of the Biostimulants Market?
- Which are the factors expected to drive the Biostimulants market growth?
- What are the different segments of the Biostimulants Market?
- What growth strategies are the players considering to increase their presence in Biostimulants ?
- What are the upcoming industry applications and trends for the Biostimulants Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Biostimulants Market?
- What segments are covered in the Biostimulants Market?
- Who are the leading companies and what are their portfolios in Biostimulants Market?
- What segments are covered in the Biostimulants Market?
- Who are the key players in the Biostimulants market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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