The global agricultural biostimulants market size is expected to reach USD 8,166.0 Million in 2030 and register a revenue CAGR of 11.2% during the forecast period. Increase in need for sustainable agriculture, easier availability of seaweed as raw materials, strong market demand for high-value crops and low entry barriers allowing players of various tiers are factors that can drive the market revenue growth. However, commercialization of low quality biostimulants products and global prevalence of uncertainty in the regulatory framework for biostimulants are some restraints that can affect the market revenue growth.
Agricultural biostimulants play a significant role in sustainable agriculture due to ability to enhance tolerance to nutrient use efficiency, abiotic stress, crop quality and performance. Increasing instances of soil contamination and environmental hazards due to excessive applications of chemical fertilizers and pesticides are also supporting use of biostimulants. The shift towards a more integrated approach of including biological inputs from conventional crop management practices utilizing chemical pesticides and fertilizers is increasing demand for agricultural biostimulants. Enhanced performance efficiency and eco-friendliness of agricultural biostimulants are resulting in their increasing usage as an effective substitute for chemical based agricultural products. Agricultural biostimulants improve resource use efficiency, which is crucial for ensuring food security while simultaneously preserving soil quality.
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Top Players in the Global Agricultural Biostimulants Market:
FMC Corporation, BASF SE, UPL Limited, Agricen, Marrone Bio Innovation, Biolchim SpA, Valagro SpA, Biostadt India Limited, Andermatt Biocontrol AG, Koppert B.V., Micromix Plant Health Ltd.
Increasing research and development activities for the production of enhanced and effective biostimulants that would provide biological solutions for crop health and yield enhancement is projected to boost market growth. Major companies are investing in the research and development activities for the expansion of their product portfolio and establish themselves as integrated suppliers of agricultural products. Growth of organic farming, where agricultural biostimulants play a significant role, and increasing demand for high value crops globally are expected to drive market growth during the forecast period.
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Market segmentation based on Active Ingredient Outlook:
- Humic Substances
- Seaweed Extracts
- Microbial Amendments
- Amino Acids
- Others
Form Outlook:
- Liquid
- Dry
Crop Type Outlook:
- Fruits vegetables
- Cereals Grains
- Turf Ornamentals
- Oilseeds pulses
- Other crops
Application Outlook:
- Soil Treatment
- Seed Treatment
- Foliar Treatment
- Others
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Agricultural Biostimulants market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Agricultural Biostimulants market?
- Which regional market is expected to lead in terms of revenue share in the global Agricultural Biostimulants market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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