The global biostimulants market is anticipated to grow at a considerable CAGR of 11.2% during the forecast period (2023–2030). The growing organic food industry and sustainable farming are the major drivers of the market. Biostimulants are organically generated fertilizers that are used to increase plant development and production as well as farm product nutrition. A biostimulant promotes plant development and growth all the way through the crop life cycle, from seed germination to plant maturity. These fertilizers also aid in nutrient transport, absorption, and use and improve soil fertility primarily through supporting the growth of interdependent soil microbes.
Browse the full report description of “Biostimulants Market Size, Share, and Trends Analysis Report by Product Type (Acid-Based, Extract-Based, and Other Active Ingredients), Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Crops), Application (Foliar Spray, Soil, and Seed), and Forecast Period (2023–2030)” at https://www.omrglobal.com/industry-reports/biostimulants-market
The climate change is also driving industry players, farmers, and governments to initiate organic farming efforts, resulting in the market’s growth. For instance, organic agriculture is practiced in 187 countries, according to FiBL-IFOAM-SOEL-Surveys, and 72.3 million hectares of farmland were managed organically by 3.1 million organic farmers as of 2019.
Additionally, key market players such as Isagro S.p.A., Italpollina SAP, Koppert B.V., and others are also driving the market’s growth through various product launches and investments. For instance, in January 2023, UPL AgroSolutions Canada (UPL), a global provider of sustainable farming solutions, announced the launch of its WAVE biostimulant in Canada after receiving approval from the Canadian Food Inspection Agency. The WAVE biostimulant is a highly concentrated, regenerative biostimulant that enhances nutrient efficiency and resilience in a variety of crops, including corn, soybeans, canola, field peas, apples, grapes, and wheat.
Market Coverage
• The Market Number Available for – 2021-2030
o Base year- 2022
o Forecast period- 2023-2030
• Segment Covered-
o By Product Type
o By Crop Type
o Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Biovert S.L., Hello Nature, Isagro S.p.A., Italpollina SAP, Koppert B.V., and others.
Key questions addressed in the report
• What is the market growth rate?
• Which segment and region dominated the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected regions and segments
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Biostimulants Market Report Segment
By Product Type
By Crop Type
By Application
Global Biostimulants Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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