세계의 생물촉진제 시장 전망(-2030년) : 활성 성분, 작물 유형, 형태, 용도 및 지역별 분석

According to Stratistics MRC, the Global Biostimulants Market is accounted for $3.81 billion in 2024 and is expected to reach $7.81 billion by 2030 growing at a CAGR of 12.7% during the forecast period. Biostimulants are naturally derived substances or microorganisms applied to plants or soils to enhance growth, yield, and overall health. Unlike traditional fertilizers that provide essential nutrients, biostimulants work by stimulating natural processes to improve nutrient uptake, stress tolerance, and soil health. By improving soil microbial activity, biostimulants also contribute to better soil structure and fertility. Their use is gaining popularity as a sustainable agricultural practice, reducing the need for chemical inputs and promoting environmentally friendly farming.

According to the Agricultural and Processed Food Products Export Development Authority (APEDA), in 2022-2023, agricultural land under organic production was 2,664,679.54 MT in India.

Market Dynamics:

Driver:

Rising adoption of precision agriculture

Precision agriculture utilizes advanced technologies such as GPS, sensors, drones, and IoT devices to optimize agricultural practices, including crop management, irrigation, and fertilization. Biostimulants, which are natural or synthetic substances applied to crops to enhance nutrient uptake, stress tolerance, and overall growth, play a pivotal role in this paradigm. By precisely targeting areas of need within fields, farmers can optimize the application of biostimulants, maximizing their effectiveness while minimizing waste. Additionally, as precision agriculture enables farmers to monitor crop health and soil conditions with greater accuracy, the demand for biostimulants tailored to specific crops and environmental conditions is on the rise.

Restraint:

High research and development costs

Developing innovative biostimulant products demands extensive investment in scientific research, field trials, and regulatory approvals. These costs are amplified by the complexity of biostimulant formulations, requiring rigorous testing for efficacy, safety, and environmental impact. The regulatory landscape surrounding biostimulants is evolving, necessitating ongoing investments to comply with changing standards and requirements. Such substantial R&D expenditures pose challenges for smaller companies entering the market, limiting competition and innovation.

Opportunity:

Rising organic farming practices

With increasing consumer demand for sustainable and environmentally friendly agricultural practices, farmers are turning towards organic methods to cultivate crops. Biostimulants, which are substances applied to plants or soils to enhance nutrient uptake, stress tolerance, and overall growth, align perfectly with the ethos of organic farming. These biostimulants, often derived from natural sources like seaweed extracts, humic acids, and beneficial microbes, contribute to healthier plants and higher yields without relying heavily on synthetic chemicals. As organic farming gains traction worldwide due to its perceived health and environmental benefits, the demand for biostimulants is expected to escalate.

Threat:

Inconsistent efficacy

Biostimulants, designed to enhance plant growth, yield, and stress tolerance, vary widely in composition and effectiveness. This variability stems from diverse formulations, ranging from seaweed extracts to microbial inoculants, resulting in inconsistent outcomes across different crops, soil types, and environmental conditions. The lack of standardized testing protocols and regulatory frameworks further exacerbates this issue, making it difficult for farmers to select and trust biostimulant products. As a result, the market encounters hurdles in gaining widespread adoption and credibility among agricultural stakeholders.

Covid-19 Impact:

Disruptions in the global supply chain and restrictions on movement have hindered the production and distribution of biostimulant products, leading to temporary setbacks. Economic uncertainties have prompted some farmers to reduce discretionary spending, affecting their willingness to invest in biostimulant solutions. However, the pandemic has also highlighted the importance of sustainable agriculture practices, driving interest in biostimulants as a means to enhance crop resilience and productivity.

The Humic Acid segment is expected to be the largest during the forecast period

Humic Acid segment is expected to be the largest during the forecast period. Humic acid enhances soil structure, improving water retention and nutrient uptake by plants. Its ability to chelate micronutrients makes them more accessible to plants, fostering healthier growth and increased yields. Moreover, humic acid stimulates microbial activity in the soil, promoting symbiotic relationships between plants and beneficial microbes, which aids in nutrient cycling and disease suppression.

The Seed Treatment segment is expected to have the highest CAGR during the forecast period

Seed Treatment segment is expected to have the highest CAGR during the forecast period. By treating seeds with biostimulant products, farmers are able to optimize the germination process, enhance root development, and improve overall plant vigor. This practice not only ensures better crop establishment but also boosts resilience against environmental stresses such as drought or disease. Biostimulant-treated seeds promote nutrient uptake efficiency, leading to healthier plants and potentially higher yields. Moreover, seed treatment offers a convenient and efficient method of application, seamlessly integrating biostimulants into existing agricultural practices.

Region with largest share:

North America region commanded the largest share of the market throughout the extrapolated period. With increasing awareness about the detrimental effects of chemical fertilizers and pesticides on soil quality and crop productivity, farmers are turning towards sustainable agricultural practices. Biostimulants, which comprise various organic compounds, microorganisms, and other substances, offer a natural and environmentally friendly solution to enhance soil fertility, nutrient uptake, and overall plant health across the region. This shift towards sustainable agriculture aligns with consumer preferences for healthier and eco-friendly food products, further propelling the regional demand for biostimulants.

Region with highest CAGR:

Europe region is poised to hold profitable growth during the projected period. Regulatory frameworks, such as the European Union's REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) regulation, have prioritized environmental sustainability and safety, prompting increased scrutiny and demand for biostimulant products. Additionally, these regulations ensure that only safe and effective products enter the market, fostering consumer confidence and driving innovation among manufacturers to develop environmentally friendly solutions across the region.

Key players in the market

Some of the key players in Biostimulants market include Acadian Seaplants Limited, BASF SE, BioAtlantis Ltd, Biostadt India Limited, FMC Corporation, Isagro Group, Koppert B.V., Novozymes A/S, Omex Agrifluids Ltd, Platform Specialty Products Corporation, Sapec Agro S.A, Syngenta AG, UPL Corporation Limited and Valagro SpA.

Key Developments:

In May 2023, Yara International announced the construction of a new global production plant for biostimulants and specialty crop nutrition products, which were designed to increase yields and improve quality.

In January 2023, Sumitomo Chemical Co., Ltd., one of the major Japanese chemical companies, acquired FBSciences Holdings, Inc., a U.S.-based biostimulants manufacturing company.

In March 2022, Valagro collaborated with its Indian subsidiary Valagro Biosciences to launch its innovative biostimulant Talete in the Indian market. Talete is the solution created by Valagro to increase Crop Water Productivity.

In February 2022, LIPOFABRIK, a start-up specializing in plant protection and biostimulant products, developed a unique biostimulant based on Bacillus subtilis, Plant Boost. The product is currently authorized in Belgium, France, Spain, the Netherlands, Germany, Italy, and the U.K.

Active Ingredients Covered:

• Amino Acid
• Fulvic Acid
• Humic Acid
• Protein Hydrolysates
• Seaweed Extracts

Crop Types Covered:

• Row Crops
• Turf & Ornamentals
• Fruits
• Vegetables
• Other Crop Types

Forms Covered:

• Liquid
• Dry

Applications Covered:

• Foliar Treatment
• Seed Treatment
• Soil Treatment

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Biostimulants Market, By Active Ingredient

• 5.1 Introduction
• 5.2 Amino Acid
• 5.3 Fulvic Acid
• 5.4 Humic Acid
• 5.5 Protein Hydrolysates
• 5.6 Seaweed Extracts

6 Global Biostimulants Market, By Crop Type

• 6.1 Introduction
• 6.2 Row Crops
  • 6.2.1 Corn
  • 6.2.2 Soybeans
  • 6.2.3 Wheat
• 6.3 Turf & Ornamentals
• 6.4 Fruits
  • 6.4.1 Strawberry
  • 6.4.2 Apple
  • 6.4.3 Citrus Fruits
  • 6.4.4 Grapes
• 6.5 Vegetables
  • 6.5.1 Capsicum and Chilies
  • 6.5.2 Onion
  • 6.5.3 Potatoes
  • 6.5.4 Tomatoes
• 6.6 Other Crop Types

7 Global Biostimulants Market, By Form

• 7.1 Introduction
• 7.2 Liquid
• 7.3 Dry

8 Global Biostimulants Market, By Application

• 8.1 Introduction
• 8.2 Foliar Treatment
• 8.3 Seed Treatment
• 8.4 Soil Treatment

9 Global Biostimulants Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Acadian Seaplants Limited
• 11.2 BASF SE
• 11.3 BioAtlantis Ltd
• 11.4 Biostadt India Limited
• 11.5 FMC Corporation
• 11.6 Isagro Group
• 11.7 Koppert B.V.
• 11.8 Novozymes A/S
• 11.9 Omex Agrifluids Ltd
• 11.10 Platform Specialty Products Corporation
• 11.11 Sapec Agro S.A
• 11.12 Syngenta AG
• 11.13 UPL Corporation Limited
• 11.14 Valagro SpA