Biostimulants Market to Reach USD 5.1 Billion by 2025

 

Biostimulants Market Will Reach USD 5.1 Billion by 2025. The reports forecast the biostimulants market by active ingredients, crop type, application and region. It highlights COVID-19 impact on the biostimulants industry.

 

Description

Global Biostimulants Market: by Active Ingredients (Humic Substances, Seaweed Extracts, Microbial Amendments, Amino Acids, and Others), by Application (Foliar Treatment, Soil Treatment, and Seed Treatment), by Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, and Others) and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

 

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The biostimulants market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the biostimulants industry aspects.

Biostimulants Market Introduction

The biostimulants market size was valued at USD 2.8 billion in 2019, which is expected to reach USD 5.1 billion by 2025, registering a CAGR of 10.6% over the forecast period (2019-2025). Biostimulants are emerging as an important component that enhances plant development, to enhance crop productivity and antioxidant activity of the soil. It mainly assist in fighting the climate uncertainty in the food & agriculture sector. Water retention capacity, nutrient intake and metabolism are various functions of biostimulants. The rising trend for sustainable agriculture in order to protect the environment is expected to augment the biostimulants market growth across the globe.

Factors Affecting the Biostimulants Industry over the Forecast Period

·     Increasing need for sustainable agriculture and high demand for biostimulants in high-value crops is driving the global biostimulants market.  

·     Factors such as rising protection of seed from rotting and limited entry barriers with the introduction of new market entrants are anticipated to drive the global growth for biostimulants market.

·     The technological advancements and increasing ecological concerns in the food & agricultural sector has positively impacted the sales of biostimulants across the globe.

·     However, lack of awareness among farmers regarding the use of biostimulants may restrain the growth of biostimulants in the global market over the forecast period.

Impact of COVID-19 on Biostimulants Market

The COVID-19 pandemic has declined the global sales of biostimulants, backed by the disruption of supply and demand for biostimulants. The market for non-essential and expensive products have decreased significantly amidst the pandemic, leading to the decline in the growth of the biostimulants market in 2020. However, post COVID-19 pandemic, the demand for biostimulants is expected to rise, owing to its increasing demand for chemical fertilizers.  

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Scope of the Report

The report outlines the global biostimulants market study based on active ingredients, application, and crop type.

The biostimulants market has been segmented on the basis of active ingredients –

·     Humic substances

·     Seaweed Extracts

·     Microbial Amendments

·     Amino Acids

·     Others (Polysaccharides)

The biostimulants market has been segmented on the basis of application –

·     Foliar Treatment

·     Soil Treatment

·     Seed Treatment

The biostimulants market has been segmented on the basis of crop type –

·     Fruits & Vegetables

·     Cereals & Grains

·     Oilseeds & Pulses

·     Others (Forage)

 

Biostimulants Market: Regional Outlook

Based on the region, the global biostimulants market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2019, Europe held the largest share in the biostimulants market, followed by Asia Pacific and North America due to regulations regarding the increase in production of organic foods in the region. Moreover, Asia Pacific is expected to project the highest CAGR globally over the forecast period, owing to the presence of various agriculture-driven economies and food consumption habits in the region.

 

Biostimulants Market Key Competitors Includes –

The biostimulants market has the presence of a few market players across the globe. The key biostimulants market manufacturers operating in the global market are –

 

·     Acadian Seaplants Ltd.

·     Agriculture Solutions Inc.

·     Agrinos AS

·     Arysta Lifescience Corporation

·     BASF SE

·     Bayer AG

·     Biolchim SpA

·     Eastman Chemical Company

·     FMC Corporation

·     Isagro

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