Biostimulants Market: Foliar Application to Exhibit Firm Growth During the Forecast Period: Global Industry Analysis and Opportunity Assessment 2015 - 2025

  • Published: 2015-10-01
  • Report Code: REP-GB-354

An Incisive, In-depth Analysis on the Biostimulants Market

This study offers a comprehensive, 360 degree analysis on the Biostimulants market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Biostimulants market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Biostimulant is a substance which is neither a plant nor a pesticide, but has a significant impact on plant growth and crop yield when applied in appropriate quantities. 

Biostimulants are different from biopesticides and biofertilizer as these products are crop enhancers. Biostimulants are a mixture of microorganisms, plant hormones, enzymes, sea woods and trace elements, and unlike fertilizers, are used for correcting any nutrient deficiency in plants. Biostimulants enhance water holding capacity, nutrient availability metabolism and increase chlorophyll production and antioxidants in plants, acting in synergy with plant nutrients. 

Biostimulants find a range of applications in the agriculture and horticulture sectors, owing to various benefits and advantages.

Drivers and Restraints

Need to increase yield per hectare and continuous rise in food demand globally are factors expected to fuel demand for biostimulants products, which in turn will drive growth of the market over the forecast period. Additionally, use of biostimulants can immensely reduce abiotic stress in plants and is another factor anticipated to drive market growth. Besides, increasing government funding and grants encouraging use of biostimulants products in order to address growing concerns regarding sustainable agriculture has widened the scope for biostimulants manufacturers. Conversely, high R&D costs and lack of awareness of biostimulants products could hamper growth of the global biostimulants market to a certain extent.

Market Taxonomy

Future Market Insights, in its latest report titled “– Biostimulants Market: Global Industry Assessment and Forecast, 2015–2025, has segmented the market into application type, crop type, active ingredient type and regions. 

By application type, the global biostimulants market is segmented into foliar, soil & seed. Foliar application segment accounted for the largest market value share in 2014 and is expected to dominate the global biostimulants market throughout the forecast period. In the case of soil application, biostimulants help in retaining moisture. In 2014, seed application was the least used technique for biostimulants.

By crop type, biostimulants application for row crops accounted for largest market share in 2014, followed by application for fruits & vegetables. Turf & ornamental application segment accounted for more than 5% in 2014 and is estimated to expand at a CAGR of approximately 6% between 2015 and 2025.

By active ingredient type, the global biostimulants market has been segmented into acid-based, extract-based and others. Acid-based active ingredient segment accounted for largest market share in 2014, followed by extract-based active ingredients. Acid-based biostimulants dominate the market, as raw materials are easily available and more efficient when compared to extract-based biostimulants. The market for other biostimulants, which includes vitamin B, chitin & chitosin and others is estimated to register a double digit CAGR during the forecast period, driven by increasing demand from the agriculture sector.

Analysis by Geography

Geographically, the global biostimulants market has been segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA) and Japan.

Geography-wise, Western Europe dominated the global biostimulant market in 2014 in terms of revenue, accounting for more than 30% revenue share. However, APEJ is foreseen to witness a relatively high CAGR of 13.5% between 2015 and 2025. The market in Western Europe is expected to remain dominant throughout the forecast period.

Technological advancements coupled with rising awareness about organic products in developing regions such as APEJ and Latin America are projected to boost demand for biostimulants products. This is further expected to present new opportunities for global and regional niche players to enter the markets in these regions with cost-effective offerings in order to gain large market share.

Market in MEA is expected to exhibit a comparatively higher CAGR as compared to other segments.

All the above sections evaluate the current scenario and growth prospects of the global biostimulants market for the period 2015–2025

biostimulants-market

Report Synopsis

This Future Market Insights report examines the ‘Global Biostimulants Market’ for the period 2015 - 2025. The primary objective of the report is to offer updates on advancements in the biostimulants market by thorough examination of marketing efforts and business strategies undertaken by manufacturing companies, which is significantly transforming the biostimulants market. This study analyses, estimates and forecasts the global biostimulants market from the demand as well as supply perspective in terms of volume (Thousand Tonnes) and revenue (US$ Mn) during the forecast period (2015–2025). The report also highlights the impact of drivers and restraints in various regions during the forecast period.

Report Description

The primary objective of the report is to offer updates on the advancements on crop enhancement products such as biostimulants. This FMI report starts with an overview of the global biostimulants market and segments on the basis of application type, crop type, active ingredient type and geography.

Biostimulants include diverse formulations of compounds, substances and microorganisms that are applied to plants, seeds and soil to improve crop vigour, yield, quality and tolerance of abiotic stress. Biostimulants application has increased from 15% to 20% between 2011 and 2014 owing to increasing production of biostimulant products in the recent past. Increasing awareness regarding biostimulants and their benefits is resulting in increased uptake of these products, especially for use in organic and natural ingredient-based agriculture. Due to these factors, demand for biostimulants is expected to increase significantly in the near future.

In the next section, FMI covers the biostimulants market performance in terms of global biostimulants revenue split, since this is detrimental to the growth of the biostimulants market. This section additionally includes FMI analyses of key trends, drivers and restraints, which are influencing the biostimulants market currently. Impact analysis of key growth drivers and restraints, based on the weighted average model, is included in this report to better equip and arm clients with crystal clear decision-making insights.

As highlighted earlier, global biostimulant market has been segmented on the basis of application type, crop type, active ingredient and geography, in order to ensure a more comprehensive study.

In the next section, the biostimulants market is segmented on the basis of application type into foliar, soil and seed. This section discusses key application trends contributing to growth of the biostimulants market for 2015 - 2025.

The next section of the report highlights biostimulants market on the basis of crop type and is segmented into row crops, fruits & vegetable, turf & ornamental and other crop types. By active ingredient type, the global biostimulants market has been segmented into acid-based, extract-based & others. Acid-based biostimulants is the dominating segment of this market, as raw materials for these biostimulants are easily available and more efficient when compared to extract-based biostimulants. This section provides market outlook for 2015–2025 and presents the forecast within the context of the biostimulants market. This study discusses key regional trends contributing to growth of the biostimulants market worldwide, as well as the degree at which the global drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan as a separate region and the Middle East and Africa.

All the above sections, by application, crop type, active ingredient type and geography evaluate the present scenario and growth prospects of the global biostimulant market for the period 2015 - 2025. Given the characteristics of the market, we triangulated the outcome of three different types of analysis, based on supply side, consumer spending and economic envelope. It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand predictability of the market and to identify the right opportunities across the global biostimulants market.

Furthermore, to understand key growth segments in terms of growth of global biostimulants market, Future Market Insights developed the global Biostimulants Market Attractiveness Index on the basis of application, crop type, active ingredient and geography. The resulting index should help in identifying actual market opportunities.

In the final section of the report, the global biostimulants market competitive landscape is included to provide report audiences with a dashboard view, based on various segments, presence in global biostimulants market and key differentiators. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment in the global biostimulant supply chain. Report audiences can get segment-specific insights to identify and evaluate key competitors based on in-depth assessment of their capabilities and their success in the biostimulants market. Detailed profiles of major manufacturers are also included within the scope of the report to evaluate their operations, expansions, products and sales channel strategies. Major competitors included in the report are Acadian Seaplants Limited, Biostadt India Limited, Omex Agrifluids Ltd., Italpollina Spa, Koppert B.V., BioAtlantis Ltd., Micromix Plant Health Limited, Trade Corporation International, Valagro S.p.A, Isagro S.p.A., Platform Specialty Products Corporation, BASF SE, Novozymes A/S, Agrinos A/S and The Dow Chemical Company.

Key Segments Covered

  • By Application

    • Foliar

    • Soil

    • Seed

  • By Crop Type

    • Row Crops

    • Fruits & Vegetables

    • Turf & Ornamental

    • Other Crops

  • By Active Ingredient

    • Acid-Based

    • Extract-Based

    • Others

Key Regions/Countries Covered

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific Excluding Japan (APEJ)

  • Middle East & Africa

Key Companies

  • Acadian Seaplants Limited

  • Biostadt India Limited

  • Omex Agrifluids Ltd.

  • Italpollina Spa

  • Koppert B.V.

  • BioAtlantis Ltd.

  • Micromix Plant Health Limited

  • Trade Corporation International

  • Valagro S.p.A

  • Isagro S.p.A

  • Platform Specialty Products Corporation

  • BASF SE

  • Novozymes A/S

  • Agrinos A/S

  • The Dow Chemical Company

Biostimulants Market Reports - Table of Contents

Biostimulants Market Reports - List of Tables

Table 1: Agricultural Biologicals 

Table 2: List of Crops where biostimulants are used

Table 3: Global Biostimulants Market Value Forecast By Application Type, 2014–2025 (US$ Mn)

Table 4: Global Biostimulants Market Volume Forecast By Application Type, 2014–2025 (Thousand Tonnes

Table 5: Global Biostimulants Market Value Forecast By Crop Type, 2014–2025 (US$ Mn)

Table 6: Global Biostimulants Market Volume Forecast By Crop Type, 2014–2025 (‘000 Tonnes)

Table 7: Global Biostimulants Market Value Forecast By Active Ingredient Type, 2014–2025 (US$ Mn)

Table 8: Global Biostimulants Market Volume Forecast By Active Ingredient Type, 2014–2025 (Thousand Tonnes)

Table 9: Global Biostimulant Market Value and Forecast By Geography, 2015 and 2025 (US$ Mn)

Table 10: Global Biostimulant Market Volume and Forecast By Geography, 2015 and 2025 (Thousand Tonnes)

Table 11: Western Europe Biostimulants Market Value Forecast By Country, 2014–2025 (US$ Mn)

Table 12: Western Europe Biostimulants Market Value Forecast By Application Type, 2014–2025 (US$ Mn)

Table 13: Western Europe Biostimulants Market Value Forecast By Crop Type, 2014–2025 (US$ Mn)

Table 14: Western Europe Biostimulants Market Value Forecast By Active Ingredient Type, 2014–2025 (US$ Mn)

Table 15: North America Biostimulants Market Value Forecast By Country, 2014–2025 (US$ Mn)

Table 16: North America Biostimulants Market Value Forecast By Application Type, 2014–2025 (US$ Mn)

Table 17: North America Biostimulants Market Value Forecast By Crop Type, 2014–2025 (US$ Mn)

Table 18: North America Biostimulants Market Value Forecast By Active Ingredient Type, 2014–2025 (US$ Mn)

Table 19: APEJ Biostimulants Market Value Forecast By Country, 2014–2025 (US$ Mn)

Table 20: APEJ Biostimulants Market Value Forecast By Application Type, 2014–2025 (US$ Mn)

Table 21: APEJ Biostimulants Market Value Forecast By Crop Type, 2014–2025 (US$ Mn)

Table 22: APEJ  Biostimulants Market Value Forecast By Active Ingredient Type, 2014–2025 (US$ Mn)

Table 23: Latin America Biostimulants Market Value Forecast By Country, 2014–2025 (US$ Mn)

Table 24: Latin America Biostimulants Market Value Forecast By Application Type, 2014–2025 (US$ Mn)

Table 25: Latin America Biostimulants Market Value Forecast By Crop Type, 2014–2025 (US$ Mn)

Table 26: Latin America Biostimulants Market Value Forecast By Active Ingredient Type, 2014–2025 (US$ Mn)

Table 27: Eastern Europe Biostimulants Market Value Forecast By Country, 2014–2025 (US$ Mn)

Table 28: Eastern Europe Biostimulants Market Value Forecast By Application Type, 2014–2025 (US$ Mn)

Table 29: Eastern Europe Biostimulants Market Value Forecast By Crop Type, 2014–2025 (US$ Mn)

Table 30: Eastern Europe Biostimulants Market Value Forecast By Active Ingredient Type, 2014–2025 (US$ Mn)

Table 31: Middle East & Africa Biostimulants Market Value Forecast By Country, 2014–2025 (US$ Mn)

Table 32: Middle East & Africa Biostimulants Market Value Forecast By Application Type, 2014–2025 (US$ Mn)

Table 33: Middle East & Africa Biostimulants Market Value Forecast By Crop Type, 2014–2025 (US$ Mn)

Table 34: Middle East & Africa  Biostimulants Market Value Forecast By Active Ingredient Type, 2014–2025 (US$ Mn)

Table 35: Japan Biostimulants Market Value Forecast By Country, 2014–2025 (US$ Mn)

Table 36: Japan Biostimulants Market Value Forecast By Application Type, 2014–2025 (US$ Mn)

Table 37: Japan Biostimulants Market Value Forecast By Crop Type, 2014–2025 (US$ Mn)

Table 38: Japan Biostimulants Market Value Forecast By Active Ingredient Type, 2014–2025 (US$ Mn)

Biostimulants Market Reports - List of Figures

Figure 1: Incremental Opportunity, 2015–2025

Figure 2: Regional Revenue Split

Figure 3: Active Ingredient

Figure 4: Crop Type

Figure 5: Applications 

Figure 6: Global Biostimulants Market Segmentation

Figure 7: Global Biostimulants Market Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 8: Global Biostimulants Market Volume (Thousand Tonnes) and Y-o-Y Growth Forecast, 2014–2025

Figure 9: Global Biostimulant Market: Average Pricing (2015–2020–2025)

Figure 10: Population Growth Estimates

Figure 11: Bio 20 on Lettuce Head Weight (g) at harvest

Figure 12: Global Biostimulants Market Share By Value and BPS Analysis By Application Type, 2014 & 2025

Figure 13: Global Biostimulants Market Value, Y-o-Y Growth Comparison By Application Type, 2014–2025 (%)

Figure 14: Global Biostimulants Market Value Forecast and Absolute $ Opportunity By Foliar Segment, 2014–2025 (US$ Mn)

Figure 15: Global Foliar Segment Market Volume Forecast, 2014–2025 (Thousand Tonnes)

Figure 16: Global Biostimulants Market Value Forecast and Absolute $ Opportunity By Soil Segment, 2014–2025 (US$ Mn)

Figure 17: Global Soil Segment Market Volume Forecast, 2014–2025 (Thousand Tonnes)

Figure 18: Global Biostimulants Market Value Forecast and Absolute $ Opportunity By Seed Segment, 2014 2025(US$ Mn)

Figure 19: Global Seed Segment Market Volume Forecast, 2014–2025 (Thousand Tonnes)

Figure 20: Global Biostimulants Market Attractiveness By Application, 2014

Figure 17: Global Biostimulants Market Share By Value and BPS Analysis By Crop Type, 2014 & 2025

Figure 18: Global Biostimulants Market Value Y-o-Y Growth Comparison By Crop Type, 2014–2025

Figure 19: Global Row Crops Segment Market Value Forecast and Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 20: Global Row Crops Segment Market Volume Forecast, 2014–2025 (Thousand Tonnes)

Figure 21: Global Biostimulants Market Value Share and BPS Analysis By Crop Type, 2014 & 2025

Figure 22: Global Biostimulants Market Value Y-o-Y Growth Comparison By Crop Type, 2014–2025

Figure 23: Global Row Crops Segment Market Volume Forecast, 2014–2025 (Thousand Tonnes)

Figure 24: Global Row Crops Segment Market Value Forecast and Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 25: Global Fruits & Vegetables Segment Market Volume Forecast, 2014–2025 (Thousand Tonnes)

Figure 26: Global fruits & vegetables Segment Market Value Forecast and Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 27: Global Turf & Ornamental Segment Market Volume Forecast, 2014–2025 (Thousand Tonnes)

Figure 28: Global Turf & Ornamental Segment Market Value Forecast and Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 29: Global Other Crops Segment Market Volume Forecast, 2014–2025 (Thousand Tonnes)

Figure 30: Global Other Crops Segment Market Value Forecast and Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 31: Global Biostimulants Market Attractiveness By Crop Type, 2014

Figure 32: Global Biostimulants Market Share By Value and BPS Analysis By Active Ingredient Type, 2014 & 2025

Figure 33: Global Biostimulants Market Value Y-o-Y Growth Comparison By Active Ingredient Type, 2014–2025

Figure 34: Global Acid-Based Segment Market Volume Forecast, 2014–2025 (Thousand Tonnes)

Figure 35: Global Acid-Based Segment Market Value Forecast and Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 36: Global Extract-Based Segment Market Volume Forecast, 2014–2025 (Thousand Tonnes)

Figure 37: Global Extract-Based Segment Market Value Forecast and Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 38: Global Others Segment Market Volume Forecast, 2014–2025 (Thousand Tonnes)

Figure 39: Global Others Segment Market Value Forecast and Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 40: Global Biostimulants Market Attractiveness By Active Ingredient, 2014

Figure 41: Major Countries where Biostimulants are used, 2014

Figure 42: Global Biostimulant Market (Land in use 2012)

Figure 43: Global Biostimulants Market Value and Forecast By Geography, 2015 and 2025 (US$ Mn)

Figure 44: Global Biostimulant Market Volume and Forecast By Geography, 2015 and 2025 (‘000 Tonnes)

Figure 45: Global Biostimulants Market Share by Value & BPS Analysis By Geography, 2015 & 2025

Figure 46: Global Biostimulants Market Value, Y-o-Y Growth by Region, 2014–2025 (%)

Figure 47:Global Biostimulant Market: Average Regional Pricing by Geography (2015–2020–2025)

Figure 48: Key Trends

Figure 49: Global Biostimulants Market Attractiveness By Geography, 2014

Figure 50: Western Europe Biostimulants Market Absolute $ Opportunity 2014–2025 (US$ Mn)

Figure 51: Western Europe Biostimulants Market Share by Value & BPS Analysis By Country, 2015 & 2025 

Figure 52: Western Europe Biostimulants Market Value, Y-o-Y Growth Comparison By Country, 2014–2025 (%)

Figure 53: North America Biostimulants Market Absolute $ Opportunity 2014–2025 (US$ Mn)

Figure 54: North America Biostimulants Market Share by Value & BPS Analysis By Country, 2015 & 2025 

Figure 55: North America Biostimulants Market Value, Y-o-Y Growth Comparison By Country, 2014–2025 (%)

Figure 56: APEJ Biostimulants Market Absolute $ Opportunity 2014–2025 (US$ Mn)

Figure 57: APEJ Biostimulants Market Share by Value & BPS Analysis By Country, 2015 & 2025 

Figure 58: APEJ Biostimulants Market Value, Y-o-Y Growth Comparison By Country, 2014–2025 (%)

Figure 59: Latin America Biostimulants Market Absolute $ Opportunity 2014–2025 (US$ Mn)

Figure 60: Latin America Biostimulants Market Share by Value & BPS Analysis By Country, 2015 & 2025 

Figure 61: Latin America Biostimulants Market Value, Y-o-Y Growth Comparison By Country, 2014–2025 (%)

Figure 62: Eastern Europe Biostimulants Market Absolute $ Opportunity 2014–2025 (US$ Mn)

Figure 63: Eastern Europe Biostimulants Market Share by Value & BPS Analysis By Country, 2015 & 2025 

Figure 64: Eastern Europe Biostimulants Market Value, Y-o-Y Growth Comparison By Country, 2014–2025 (%)

Figure 65: Middle East & Africa Biostimulants Market Absolute $ Opportunity 2014–2025 (US$ Mn)

Figure 66: Middle East & Africa Biostimulants Market Share by Value & BPS Analysis By Country, 2015 & 2025 

Figure 67: Middle East & Africa Biostimulants Market Value, Y-o-Y Growth Comparison By Country, 2014–2025 (%)

Figure 68: Japan Biostimulants Market Absolute $ Opportunity 2014–2025 (US$ Mn)

Figure 69: Global Biostimulants Market Share Analysis by Company, 2014 and 2025

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