Market Overview
The Global
Biostimulants market size is expected to reach a market value of
USD 2.9 billion in 2024 and is further expected to reach a market value of
USD 5.9 billion by 2024 to 2033, at a CAGR of 8.1%.
The biostimulants market is witnessing sizeable growth as the global industry now acknowledges the benefits of biostimulants in improving crop yield and resilience. The marketplace size is expanding due to the rising demand for sustainable agricultural practices that enhance plant
health without the environmental effect of traditional fertilizers and insecticides. The use of biostimulants, such as seaweed extracts and amino acid-based products, is gaining traction amongst farmers and agronomists looking to optimize overall crop performance and soil fitness.
Industry analysis shows that the biostimulants market is poised for robust expansion in the course of the forecast duration, driven by technological advancements and extended studies and development efforts. The market is anticipated to peer a compound annual growth rate that underscores its capability for significant value addition to the global agriculture sector.
By 2033, the global biostimulants market size is projected to attain unprecedented levels, reflecting the rising adoption of biostimulant products across various regions. The market report highlights key trends and players driving this growth, offering a comprehensive evaluation of this market. With ongoing innovations and a focus on sustainability, the biostimulant marketplace is set to play a crucial role in the future of global agriculture.
Key Takeaways
- Market Size: The global biostimulant market is projected to reach USD 5.9 billion in 2033 from a base value of 2.9 in 2024, at a CAGR of 8.1%.
- Market Definition: A biostimulant is a substance or microorganism implemented to plant to enhance boom, nutrient uptake, stress tolerance, and overall health, without performing as a traditional fertilizer or pesticide.
- By Active Ingredient Segment Analysis: Acid-based biostimulants are expected to hold the largest market share of 48.0% in 2024 & are anticipated to dominate throughout the forecasted period.
- By Crop Type Segment Analysis: Based on the crop type, row crops & cereals are expected to be a dominant segment in the market with the largest revenue share during the forecasted period.
- By Application Segment Analysis: Foliar Treatment is expected to come out as a dominant force with a revenue share of 79.0% in 2024.
- Regional Analysis: Europe is expected to hold 38.2% of revenue share in the global biostimulant market in 2024.
Use Cases
- Crop Yield Enhancement: Biostimulants enhance plant growth and crop yields by improving nutrient uptake and root development, leading to more robust and efficient flora.
- Stress Resistance: These products assist plants in facing abiotic stresses including drought, salinity, and severe temperatures by improving their natural defense mechanisms.
- Soil Health Improvement: Biostimulants promote soil microbiome variety and activity, enhancing soil fertility and structure, which supports healthier and extra-resilient crops.
- Seed Germination and Growth: Biostimulants boost up seed germination and early plant growth, ensuring uniform and vigorous plant development from the onset.
- Nutrient Efficiency: By enhancing the performance of nutrient use, biostimulants lessen the need for chemical fertilizers, leading to more sustainable agricultural practices and cost savings for farmers.
Market Dynamic
Market Trends
Increasing Demand for Organic FarmingThe global biostimulants market is expanding because of the increasing inclination toward the organic farming practice. Biostimulants are widely used on the farm to increase crop yields and quality while practicing organic production. This trend is expected to fuel the growth of the biostimulants market share, especially by the year 2030.
Advancements in Biostimulant Formulations
Technological advances in the biostimulant formulations like the idea generation of advanced seaweed extracts and amino acid-based biostimulants are driving the market. These developments help in improving the efficiency and the multiple usability of biostimulants thus, aiding in the global biostimulants market growth during the forcasted period.
Growth Drivers
Rising Awareness about Sustainable Agriculture
Higher consciousness and adoption of eco-friendly measures in farming are two of the primary drivers for the biostimulants market. Organic biostimulants that enhance the fertility of the soil and growth of the plants are increasingly used by farmers and agribusiness hence expanding the global biostimulants market size hugely.
Government Support and Subsidies
Worldwide governments are supporting schemes and subsidizing use of biostimulants in order to cut down on the utilization of chemical fertilizer and pesticides. This is an essential factor that pushing the farmers to use the biostimulant products hence driving the market during the projected period.
Growth Opportunities
Expansion in Emerging Markets
The global biostimulants market has optimal opportunities for expansion in the emerging regions of Asia, Africa, and, Latin America. These areas are experiencing the rising usage of agricultural products and a gradually enhancing perception of biostimulants due to demands in farming output and crop efficiency to attain sustainability. The described shifts will thus contribute to the growth of the market by 2030.
Technological Innovations
In this regard, the opportunities for the biostimulant production have grown drastically, firstly due to the improvements of the approaches and methods for biostimulant production, and secondly because of the introduction of new kinds of biostimulants, including multifunctional ones. Yet, advancement in the biostimulants’ performance and usage are expected to attract customer attraction and therefore magnify the global biostimulants market.
Restraints
High Costs and Limited Awareness
Challenges such as high costs and lack of awareness of the opportunity remain significant to both customer and supplier. Although they are advantageous no one can deny the fact that they are very expensive and biostimulants are not very popular among the farmers especially those in the developing countries. Due to these factors, the development and market penetration of the biostimulants market can be limited during the forecast period.
Regulatory Challenges
The global biostimulant market is still experiencing regulatory issues because there is no a common definition, standard, and approval procedures in different countries. Such extensive regulations may hinder the growth of markets and create challenges for market’ participants that can influence the development of the global biostimulants market share.
Research Scope and Analysis
By Form
Liquid biostimulants are projected to dominate the form segment within the global biostimulant marketplace due to numerous reasons the liquid formulations are commonly less difficult to use, whether through foliar sprays, soil drenches, or fertigation systems, taking into account the more uniform and efficient distribution of the active ingredients. This ease of application translates into hard work and time. liquid biostimulants also often have quicker absorption rates compared to their dry counterparts. The nutrients and active compounds in liquid form are more conveniently available for plant uptake, main to quicker and more considerable results on plant growth & health. This immediacy is mainly beneficial all through critical growth stages.
Additionally, liquid biostimulants can be effortlessly mixed with other
agricultural inputs such as fertilizers and insecticides, streamlining the application procedure & lowering operational complexities. Their compatibility with current agricultural practices & equipment makes them a convenient choice for many growers.
Lastly, advancements in liquid formulation technology have improved the stability and shelf life of these products, making them a dependable and effective alternative in diverse agricultural settings. This mixture of convenience, efficiency, and technological advancement drives the dominance of liquid biostimulants within this market.
By Active Ingredient
In the active ingredient segment, acid-based biostimulants are projected to hold 48.0% of the market share in 2024 and are further expected to hold the position in the forthcoming years as well. Acid-based biostimulants usually encompass numerous acids, which include humic acid and fulvic acid, that play a major function in improving nutrient uptake, root development & overall plant health. The acid-based biostimulators act as effective increase enhancers by facilitating the solubility and availability of crucial nutrients in soil. Additionally, these bio-stimulators also assist the plants to address environmental stress conditions.
In the context of the global bio-stimulants marketplace, the acid-based phase is hastily growing due to its effectiveness in improving crop yield & quality. Of the growing demand for sustainable & eco-friendly agricultural practices, acid-based biostimulators play a key role in pushing the growth of this market further. So, as the agriculture sector continues to grow, acid-based stimulants will make a notable impact by improving agricultural productivity.
By Crop Type
In regard to the crop type section, row crops & cereals are projected to play a dominant role and hold 61.0% of the market share in 2024 and are expected to attain an even higher position in the upcoming years. Row crops & cereals in particular are key components in the global food chain which focuses on increasing the growth, quality, and resilience of primary crops and rice cultivars. Primary crops such as wheat, barley, rice, and barley form an important part of human nutrition and animal feed, making their efficient production essential to meet the issue of global food security.
Biostimulants developed for sequential crops and cereals in particular serve many applications. They improve nutrient uptake, and root structure, and improve crop resistance to environmental factors such as drought, high temperature, diseases, insect outbreaks, etc. These biostimulants contribute to agricultural practices consistent & effective by improving crop yield quality and quantity.
By Application
The global biostimulant market encompasses various application methods in which foliar treatment is expected to dominate this market as it
holds 79.0% of the market share in 2024, and is anticipated to grow even further in the upcoming years. Foliar treatment entails the application of biostimulants directly to the plant's leaves, stems, and other affected parts. This method is gaining attention because of its effectiveness & efficiency. Foliar treatment has several advantages that allow rapid absorption of biostimulants in plants, resulting in quick and visible effects. It enhances water uptake, and nutrient uptake, improves photosynthesis, and stimulates various metabolic processes, ultimately leading to increased plant growth. Furthermore, foliar treatments are more popular as they offer a more precise and targeted approach where they reduce the probability of damage to crops and wastage of resources.
The Global Biostimulant Market Report is segmented on the basis of the following
By Form
- Liquid
- Concentrated Liquids
- Liquid Concentrates
- Soluble Liquids
- Dry
By Active Ingredient
- Acid Based
- Humic Acids
- Fulvic Acids
- Amino Acids
- Seaweed Extract
- Brown Algae (e.g., Ascophyllum nodosum, Sargassum)
- Red Algae
- Green Algae
- Microbial
- Others
By Crop Type
- Row Crops & Cereals
- Corn
- Wheat
- Rice
- Soybean
- Barley
- Fruits & Vegetables
- Leafy Greens
- Root Vegetables
- Fruits
- Solanaceous Crops
- Turf & Ornamentals
- Others
By Application
- Foliar Treatment
- Soil Treatment
- Direct Soil Application
- Soil Drenches
- Fertigation Systems
- Seed Treatment
- Seed Coating
- Seed Priming
- Inoculation Techniques
Regional Analysis
Europe is expected to dominate the global biostimulant
market as it holds 38.2% of the market share in 2023 and is expected to grow further in the forthcoming years. The European biostimulants marketplace dominates the global market, holding the highest market share due to numerous key factors. Market analysis shows that the region's marketplace size is driven by high market demand for biostimulants and supportive regulatory frameworks. The growth price in this place is bolstered by the European Union's stringent guidelines on sustainable agriculture and the promotion of natural farming, which has caused accelerated adoption of biostimulant products.
Share analysis highlights that nations like Spain, Italy, and France are massive contributors to its market presence, with excessive utilization of seaweed extracts and amino acid-based total biostimulants. The biostimulants marketplace inside the region benefits from advanced studies and improvement facilities and a well-established value chain. Market trends display a shift towards environmentally friendly farming practices, similarly fueling market growth. The biostimulants market record emphasizes Europe's proactive stance on reducing chemical inputs in agriculture, making it a key marketplace for biostimulants during the forecast period. This regional dominance is expected to remain, pushed by ongoing innovations and growing market insights into the benefits of biostimulants.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The competitive landscape of the global biostimulants market is experiencing fast growth, pushed by growing demand for sustainable agricultural practices. Major marketplace players like BASF SE, Bayer AG, and Valagro, dominate the biostimulants industry, which specialize in this field and are focusing on innovation to improve their product portfolios. Key marketplace traits spotlight a developing demand for natural biostimulant products which includes seaweed extracts and amino acid-primarily based biostimulants. Market share evaluation according to dimension market research suggests that Europe holds the biggest market share, followed by North America and Asia-Pacific. The biostimulants market shows a competitive panorama marked by using strategic partnerships, mergers, and acquisitions aimed at improving market reach.
This marketplace evaluation underscores the importance of biostimulants in enhancing crop yield and resilience, with market insights pointing to multiplied adoption across diverse agricultural sectors globally. The market is anticipated to continue increasing, pushed by using the benefits of biostimulants in sustainable agriculture and the increasing awareness of environmental impact. The key players in the Global Biostimulant Market are Bayer AG, Syngenta AG, UPL Limited, Gowan Group, BASF SE, Marrone Bio Innovations, SEIPASA S.A., P.I. Industries, Novozymes, Koppert Biological Systems, and others.
Some of the prominent players in the Global Biostimulant Market are
- Bayer AG
- Syngenta AG
- UPL Limited
- Gowan Group
- BASF SE
- Marrone Bio Innovations
- SEIPASA S.A
- P.I. Industries
- Novozymes
- Koppert Biological Systems
- Other Key Players
Recent Development
- In May 2023, Yara International announced the construction of a new global production plant for biostimulants and specialty crop nutrition products aimed at increasing yields and improving quality.
- In March 2023, Sumitomo Chemical India Ltd. introduced Promalin, a highly anticipated Biorational product, in Shimla, Himachal Pradesh. Developed through extensive research by Valent Biosciences, a subsidiary of Sumitomo Chemical Co., Ltd., Promalin offers advanced Biorational solutions. This launch marks Promalin’s debut in India. The product contains two natural gibberellins, Gibberellins 4 and 7, and a cytokinin compound, 6-Benzyladenine.
- In January 2023, Sumitomo Chemical Co., Ltd. acquired FBSciences Holdings, Inc., a U.S.-based biostimulants manufacturer.
- In January 2023, Archer Daniels Midland Company launched NeoVita 43 biostimulant, enhancing corn yield through improved nutrient use efficiency.
- In March 2022, Valagro, in collaboration with its Indian subsidiary Valagro Biosciences, launched the biostimulant Talete in India. Talete is designed to increase Crop Water Productivity.
- In August 2022, BASF Venture Capital GmbH and Aqua-Spark invested INR 1402 million (approximately USD 18.5 million) in Sead Energy Pvt. Ltd. during a Series B funding round. Sead Energy produces biostimulants using red seaweed from tropical waters in Asia. Their integrated model, supported by satellite imagery, optimizes seaweed farm locations. Sead Energy operates commercial seaweed farming in Bali, Indonesia, and processing plants in Tuticorin, India. BASF’s investment enhances its biostimulants portfolio with seaweed-derived products.
- In June 2022, FMC Corporation launched the "Biologicals by FMC" brand, highlighting its investment in biological crop protection. FMC offers over 50 biological products, including biostimulants and bionematicides, across 50 countries. Recent launches include Zironar bio fungicide/bionematicide in the US and Provilar bio fungicide in Brazil, with plans for additional global biopesticide launches.
- In February 2022, LIPOFABRIK, a start-up specializing in plant protection and biostimulant products, developed Plant Boost, a biostimulant based on Bacillus subtilis. The product is authorized in Belgium, France, Spain, the Netherlands, Germany, Italy, and the U.K.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 2.9 Bn |
| Forecast Value (2033) |
USD 5.9 Bn |
| CAGR (2024-2033) |
8.1% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Form (Liquid, and Dry), By Active Ingredient (Acid Based, Seaweed Extract, Microbial, and Others), By Crop Type (Row Crops & Cereals, Fruits & Vegetables, Turf & Ornamentals and Others), By Application (Foliar Treatment, Soil Treatment and Seed Treatment) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Bayer AG, Syngenta AG, UPL Limited, Gowan Group, BASF SE, Marrone Bio Innovations, SEIPASA S.A., P.I. Industries, Novozymes, Koppert Biological Systems, and Other Key Players |
| Purchase Options |
HVMN Inc., Thync Global Inc., Apple Inc., Fitbit Inc., TrackmyStack, OsteoStrong, The ODIN, Thriveport LLC, Muse, Moodmetric, and Other Key Players |
Frequently Asked Questions
The Global Biostimulant market is expected to achieve a market value of USD 2.9 billion in 2024.
Biostimulants are used on plants and soils to improve the speed of plant growth and their overall health condition.
Europe is expected to be a dominant force in the global biostimulant market as it possesses 38.2% of the market share in 2024 and is expected to grow its hold further in the forthcoming period of 2033.
The key players in the Global Biostimulant Market are Bayer AG, Syngenta AG, UPL Limited, Gowan Group, BASF SE, Marrone Bio Innovations, SEIPASA S.A., P.I. industries, Novozymes, Koppert Biological Systems, and others.