Biostimulants Market to Cross US$ 6 Bn Valuation by 2029
The UN Food and Agriculture Organization (FAO) underlines that, agronomists will have to boost crop production by around 70% by 2050 to keep pace with the ever-increasing global food demand. In addition, rapid industrialization and urbanization is shrinking the land for cultivation. This is creating a fundamental challenge for the agricultural industry, and requires sustainable intensification on existing farmlands to improve yield per unit area of cultivation land. Biostimulants capture around one-third of the total global bio-based agrochemicals market. Consumers are becoming more environmentally-conscience, and biologicals easily align with this viewpoint. Following a stellar growth path, the worldwide usage of biostimulants will nearly triple from 2019-2029.
Frequently Asked Questions about Biostimulants Market
Which regions are expected to lead the sales of biostimulants across the globe?
East Asia, South Asia, and Europe are expected to remain the leading regions for growth in the global biostimulants market, whereas, China and India have been identified as emerging markets for growth. Production hubs of biostimulants are concentrated in EU countries that supply to domestic and overseas markets, followed by China-based players who are focused in their domestic market.
Which market dynamics will influence the growth of the global biostimulants market?
Surge in agricultural production to cater to the perennial demand for food items, where increased rate of crop production beyond average land yield is required, is expected to have a strong influence on the influx of biostimulants. Additionally, restrictions on the use of synthetic-based fertilizers, crop growth enhancers, and soil conditioners will also support the growth of biostimulants.
Which end use holds potential growth opportunities for biostimulants market players?
Horticulture involving cultivation of fruits and vegetables is expected to be the major end user driving the consumption of biostimulants. Furthermore, the development of artificial turf and ornamental plantations and gardening also pose as a high value proposition for the biostimulants market.
How will the biostimulants market fare in the future?
Inter-regional trade policies will influence product movement and sales of biostimulants to a significant extent. Also, focus on indigenous production optimizing production costs and related overheads will be pursued by both, tier-1 and local companies, to sustain their business operations in the long run. Lastly, product marketing and accessibility will also be a key differentiator for market participants.
What is the degree of competition in the biostimulants market?
The global biostimulants market is understood to be highly competitive, with a greater weightage of regional and local players than tier-1 players operating on a global scale. Valagro SPA, Koppert B.V., Syngenta, BASF SE, UPL Corporation Limited, Novozymes, Isagro SPA, and FMC Corporation are estimated to account for a prominent share of the global market.
Preference for Acid-based Active Ingredients to Continue
A majority of agricultural professionals prefer acid-based active ingredients for various crop types such as row crops. Acid-based active ingredients enhance crop efficiency, and are widely available. By 2029, the usage of acid-based active ingredients for crop protection will value over US$ 3 Bn. However, they are likely to lose their grip in market revenue in due course of time. Driven by consistent product innovations, novel categories of active ingredients for microbial growth amendment and minerals tracing in plants are likely to gain traction among end users.
Europe - Production Hub of Biostimulants
In Europe, market players are collaborating (over 150 partnerships) with universities and public institutions to promote research activities in the field of biostimulants. The biostimulants market in this developed region will hit US$ 2 Bn in 2027. Governments are imposing regulations and funding awareness programs to restrict the use of pesticides and synthetic fertilizers, including nitrogenous fertilizers. For instance, farming organizations in France are anticipating a pesticide-free future, under their national action plan, Ecophyto 2, which urges the agricultural industry to slash pesticide adoption by 50% by 2025.
* This data is only a representation. Actual data may vary and will be available in report.
Organic Agriculture Expansion Holds Great Promise
Organic agriculture decreases the need of fossil fuels for crop yield by around 70%, and if practiced on a global scale, organic farming is expected to accumulate the amount of CO2 akin to global emission decrement of around 40%. Distribution channels for organic food such organic condiments have witnessed a transition from local firms to organized retailers in the past few years, contributing to the growth of the agriculture and food sectors, globally. This is attributable to the rising need for raw materials to satiate the ever-growing demand for food, which, in turn, will create a fertile ground for biostimulant manufacturers.
High usage in row crops
Consumption in fruits & vegetables to scale up
Foliar remains key application area
Application in seeds to rise
Acid-based ingredients hold leading value share
Extract-based ingredients to show greater CAGR
How Growth will Unfold
Capturing a notable chunk of the total biostimulants market value, row crops continue to attract significant stakeholders’ investments. Consumption of biostimulants in fruits & vegetables is also likely to spur, as these crops are in greater vicinity of microbial reactions. Combined, both, row crops and fruits & vegetables would consume biostimulants worth around US$ 5 Bn in 2029. Development of artificial turfs and ornamental plantations & gardening would further offer value-capture opportunities to market players.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
Custom Market Research Services
FMI offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.
A recent market study published by FMI on the biostimulants market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the biostimulants market, the growth prospects of the market are obtained with maximum precision.
Biostimulants Market Taxonomy
The global biostimulants market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
- Row Crops
- Fruits & Vegetables
- Turfs & Ornamentals
- Other Crop Types
- Others (Including Microbial Amendments, Trace Minerals, etc.)
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
The report begins with the executive summary of the biostimulants market, which includes summary of key statistics and findings of the market. It also includes the supply and demand-side trends related to the Biostimulants market.
Readers can find the definition and a detailed taxonomy of the biostimulants market in this chapter, which will help them understand the basic information about the market. Along with this, comprehensive information pertaining to biostimulants and their properties are provided in this section. This section also highlights the inclusions and exclusions, which helps readers to understand the scope of the biostimulants market report.
The biostimulants market report provides key market trends that are projected to considerably impact the market growth during the forecast period. Detailed industry trends are also offered in this section.
This section includes key success factors and strategies adopted by key market players to establish their business footprint
This section explains the global market volume analysis and forecast for the Biostimulants market during the forecast period of 2019-2029. This chapter also includes a detailed analysis of the historical biostimulants market.
In this section, pricing analysis of the biostimulants market by Active Ingredient Type at regional level has been provided.
This section explains the global market value analysis and forecast for the biostimulants market during the forecast period of 2019-2029. This chapter provides a detailed analysis of the historical biostimulants market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029).
This chapter explains the key macro-economic factors that are projected to influence the growth of the biostimulants market during the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, forecast and relevance factors, and value chain analysis for the biostimulants market. Moreover, in-depth information about the market dynamics and impact analysis on the market have been provided in the successive section.
On the basis of active ingredient, the biostimulants market is segmented by acid based, extract based and others. In this chapter, readers can find information about the market estimation, forecast and related quantitative analyses in the biostimulants market based on the mentioned active ingredient types.
On the basis of crop, the biostimulants market is segmented by row crops, fruits and vegetables, turf and ornamentals & others. In this chapter, readers can find information about the market estimation, forecast and related quantitative analyses in the biostimulants market based on the mentioned crop types.
On the basis of application, the biostimulants market is segmented by foliar, soil and seed based applications. In this chapter, readers can find information about the market estimation, forecast and related quantitative analyses in the biostimulants market based on the mentioned applications.
This chapter explains how the biostimulants market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America biostimulants market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis and market growth based on the crop and application in North America.
This chapter provides the growth scenario of the biostimulants market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Important growth prospects of the biostimulants market based on its application in several countries such as Germany, Italy, the U.K., France, Spain, Russia, and the Rest of Europe are included in this chapter.
India, Indonesia, Thailand, and the Rest of South Asia are the prominent countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia biostimulants market. In this chapter, readers can find detailed information about the growth parameters of the market during the forecast period of 2019-2029.
This chapter highlights the growth of the biostimulants market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers to understand the key factors that are responsible for the growth of the market in East Asia
This chapter provides information about how the biostimulants market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, and the Rest of MEA, during the forecast period of 2019-2029
This chapter provides information about how the biostimulants market is anticipated to grow in major countries of the Oceania region such as Australia and New Zealand, during the forecast period of 2019-2029.
This section highlights growth prospects of the biostimulants market for emerging markets of India, and China.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the biostimulants market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the biostimulants market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the key market players featured in the report are Valagro SPA, Koppert B.V., Syngenta, BASF SE, UPL Corporation Limited, Novozymes, Isagro SPA, and FMC Corporation, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the biostimulants market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the biostimulants market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- Industry Associations
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits