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
|
Amino
acids
|
Fulvic
acid
|
Humic
acid
|
Humic
substances
|
Microbial
amendments
|
Seaweed
extracts
|
Other
active ingredients
|
Include
Vitamins
|
|
Polysaccharides
|
|
Trace
Minerals
|
|
|
Form
|
Dry
|
Liquid
|
|
|
Crop
Type
|
Cereals
& grains
|
Fruits
& vegetables
|
Oilseeds
& pulses
|
Turfs
& ornamentals
|
Others
|
Forage
|
|
Plantation
Crops
|
|
|
Origin
|
Biosynthetic
Biostimulants
|
Natural
Biostimulants
|
|
|
Source
|
Microbial
|
Non-microbial
|
|
|
Application
|
|
Foliar
|
Seed
treatment
|
Soil
Treatment
|
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)