According to IMARC Group’s latest report, titled “Biostimulants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global biostimulants market reached a value of US$ 2.5 Billion in 2019. Looking forward, IMARC Group expects the global market to reach a value of US$ 4.8 Billion by 2025, registering a CAGR of 11.5% during 2020-2025. Biostimulants are microbe-based agricultural chemicals that promote the organic growth of a plant. They are produced from various active ingredients, like humic and fulvic acids, seaweed extracts, amino acids, vitamins, trace minerals, polysaccharides, and microbial amendments.
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The expanding agriculture industry, growing demand for agricultural sustainability, and rising adoption of organic farming practices are primarily catalyzing the biostimulants market growth. It is widely being utilized in organic manure to improve soil fertility and plant health. Moreover, the growing concerns towards the adverse effects of chemically synthesized pesticides and fertilizers are further augmenting the market growth.
The decline in the availability of fertile land and surging food consumption levels are also driving the product demand. Numerous innovations and increasing R&D activities in the field of agricultural sciences are further anticipated to drive the global biostimulants market. Biostimulants improve nutrient availability, environmental stress tolerance, water holding capacity, metabolism, and chlorophyll production in the plant. They also help in enhancing the antioxidant properties, stimulating root development, and plant cell enlargement.
Biostimulants Market 2020-2025 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the biostimulants market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Agrinos AS
- Adama LTD.
- BASF SE
- Bayer
- Biolchim SpA.
- Biostadt India Ltd.
- Isagro
- Italpollina SpA
- Koppert B.V.
- Novozymes
- Syngenta
- Valagro SpA,
The report has segmented the global biostimulants market on the basis of product type, crop type, form, origin, distribution channel, application, end user and region.
Breakup by Product Type:
- Acid-based
- Humic Acid
- Fulvic Acid
- Amino Acid
- Extract-based
- Seaweed Extract
- Other Plant Extracts
- Others
- Microbial Soil Amendments
- Chitin & Chitosan
- Others
Breakup by Crop Type:
- Cereals and Grains
- Fruits and Vegetables
- Turf and Ornamentals
- Oilseeds and Pulses
- Others
Breakup by Form:
- Dry
- Liquid
Breakup by Origin:
- Natural
- Synthetic
Breakup by Distribution Channel:
- Direct
- Indirect
Breakup by Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
Breakup by End-User:
- Farmers
- Research Organizations
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020- 2025)
- Market Drivers and Success Factors
- Industry Trends
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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