Biostimulants Market Size to grow by USD 1740.6 million between 2024-2028
According to a research report “ Biostimulants Market” by Product (Acid-based, Extract-based, Microbial amendments and others) Application (Foliar, Soil, Seed) Type (Row crops and cereals, Fruits and vegetables, Turfs and ornaments, Others) Geography (Europe, APAC, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1740.6 million, at a CAGR of over 11.21% during the forecast period. Biostimulants are essential formulations of diverse compounds, substances, and microorganisms, applied to plants or soils, enhancing crop productivity and quality. These innovative solutions offer significant advantages, such as: boosting plant metabolism for increased yield and superior quality; augmenting plant resilience against abiotic stresses; facilitating nutrient absorption, translocation, and utilization; enhancing desirable plant attributes, including sugar content, color, and fruit seeding; improving water use efficiency; and bolstering soil fertility by nurturing beneficial soil microorganisms. In 2020, the leading agricultural markets were China, India, the US, and Brazil, making these countries prime targets for biostimulant adoption.
Browse market data tables, figures, and in-depth TOC on “Biostimulants Market” by Product (Acid-based, Extract-based, Microbial amendments and others) Application (Foliar, Soil, Seed) Type (Row crops and cereals, Fruits and vegetables, Turfs and ornaments, Others) Geography (Europe, APAC, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Product, the Acid-based segment is projected to dominate the market size in 2024
The Biostimulants Market represents a significant business opportunity for agribusinesses and manufacturers, as these products enhance crop productivity and resilience. Biostimulants, which include microbial, mineral, and plant extract-based formulations, optimize nutrient uptake and improve plant growth. Market growth is driven by increasing demand for sustainable agriculture and the need to mitigate the effects of climate change on crop yields. Strategic partnerships, product innovation, and regulatory compliance will be key to market success.
By Application, Foliar segment is expected to hold the largest market size for the year 2024
The Biostimulants Market represents a significant business opportunity for agribusinesses and manufacturers, offering innovative solutions to enhance crop productivity and resilience. Biostimulants are non-nutrient plant inputs that improve nutrient use efficiency, stimulate plant growth, and increase stress tolerance. Market growth is driven by increasing global food demand, environmental concerns, and regulatory support for sustainable agriculture. Strategic partnerships, product innovation, and market expansion are key growth strategies for market participants.
Europe is forecasted to hold the largest market size by region in 2024
The Biostimulants Market refers to the sale of products that enhance plant growth and improve crop productivity without being classified as fertilizers or pesticides. These innovative solutions boost nutrient uptake, enhance stress tolerance, and promote plant growth. Key market drivers include increasing demand for sustainable agriculture and growing awareness of the environmental benefits of biostimulants. Market growth is further fueled by advancements in biotechnology and nanotechnology, leading to the development of more effective and efficient biostimulant products.
The Biostimulants Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Biostimulants market is gaining significant traction in the agriculture sector as farmers seek sustainable solutions to address the challenges of land fertility, abiotic stress, and climatic scenarios in the context of climate change and population growth. Biostimulants are substances that enhance or stimulate the growth, yield, and quality of food products such as vegetables, oilseeds, and pulses, without providing nutrients in a form available for use by plants. They include beneficial microorganisms, protein hydrolysates, and other substances that improve crop water efficiency, soil reclamation, and crop production. Biostimulants help mitigate the negative effects of abiotic stress, such as drought, salinity, and heavy metals, by improving plant growth and crop yield. They also contribute to soil condition improvement and biodiversity conservation, making them an essential tool for sustainable agriculture. With the increasing loss of natural resources due to synthetic chemical fertilizers, biostimulants offer a promising alternative for enhancing crop improvement and crop quality while minimizing environmental impact.
Market Research Overview
The Biostimulants Market encompasses a wide range of products that enhance crop protection, germination, and overall farm yield by improving soil health and plant growth. These include humic chemicals, nucleosides, nucleotides, vitamins, lipids, aminopolysaccharides, sugars, proteins, peptides, betaines, amino acids, plant chemicals, secondary metabolites, primary metabolites, and various other plant biostimulants. Biostimulants play a crucial role in addressing environmental concerns, such as soil degradation and biodiversity loss, by improving land fertility, water retention, aeration, and crop water efficiency. They also help plants cope with abiotic stress and climatic scenarios, ensuring crop production and quality under various conditions. The Fruits & Vegetables segment is a significant market for biostimulants due to the high value of these crops and the need for optimal growth conditions. Crop protection is a key application area, with biostimulants used as foliar sprays and seed treatments. Industry outlook is positive, with government bodies encouraging the use of biostimulants to reduce reliance on synthetic chemical fertilizers and address the challenges of population growth and climate change. Key players in the market include silicon, phosphite, microbial-derived enzymes, biopolymers, kelp extracts, and humic substances. Market segments include podded crops, oilseeds and pulses, and soil reclamation. Regulations, such as the Nitrates Directive, impact the market, particularly in Europe. Key crops include durum wheat and various fruits and vegetables. Biostimulants improve crop yield, plant growth, and crop quality, making them essential tools for the agriculture sector.
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