Biostimulants Market

The global biostimulants market foreseen to grow by 11.9%, from USD 2.97 Billion in 2021 to USD 7.30 Billion in 2029. An increase in the need for sustainable agriculture, Limited entry barriers resulting in the entry of players of different tiers, Easier availability of seaweeds as raw materials are some of the factors that propel the market. However, the Commercialization of low-quality biostimulant products seems to hinder the market's growth over the anticipated period.

Market Definition

What is Biostimulants?

Biostimulants are used to enhance the nutrition efficiency and quality traits of crops and prevent stress in crops. Thus, helping to have a higher quality crop.

Market Overview

The biostimulants market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the biostimulants market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global biostimulants market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

Biostimulants market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the biostimulants market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the biostimulants market Adama Ltd., Agricen, Agritecno, Axeb Biotech Sl, BASF SE, Bioflora, Biolchim S.p.A., BIOSTADT INDIA LIMITED, Biovert S.L., Bonumose, Inc., Devi Cropscience Pvt Ltd, FMC Corporation, Gowan Company LLC, Haifa Group, ILSA S.p.A., sagro Group, Italpollina SAP, Koppert biological Systems, LawrieCo, MAFA Bioscience, Novozymes, Platform Specialty Products Corporation, Rallis India Limited, Sapec Agro S.A., Tradecorp International, UPL, Valagro SpA

COVID-19 Impact on Global Biostimulants Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. The impact of COVID-19 on the biostimulants market has forced the companies to change their sourcing, pricing, and promotion strategies. The biostimulants market players are seen focusing more on optimizing the E-commerce networks with the rising innovations in the digital sector, which are creating new business models for the food and beverage industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). The market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and biostimulants market future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global biostimulants market segmented on the basis of active ingredients, form, crop type, origin, source, application, and region:

Active Ingredients Type Outlook:

On the basis of active ingredients, the market is segmented into amino acids, fulvic acid, humic acid, humic substances, microbial amendments, seaweed extracts, other active ingredients.

Figure 1 Biostimulants Market By Active Ingredients (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Form Outlook:

On the basis of form, the market is segmented into dry, liquid.

Figure 2 Form Outlook (Revenue, USD Million, 2021)