Global Biostimulants Market Overview
Global Biostimulants Market was valued at USD 3.15 Billion in 2021 and is projected to reach USD 6.75 billion by 2028, growing at a CAGR of 11.50% from 2022 to 2028.
Biostimulants are substances, either natural or synthetic, that can be added to soil, seeds, seedlings, or plants themselves to promote plant growth while reducing the need for fertilisers. These goods can withstand abiotic and hydric stressors. Additionally, biostimulants are employed in plants to increase nutrient uptake efficiency, resistance to abiotic stress, and plant quality features. Multiple active substances are employed in the formulation of biostimulants, including seaweed extract, humic acid, vitamins, and others. Moreover, biostimulants contribute to enhancing plant growth and the life cycle of crops from seed germination through plant maturity.
Top Key Players Covered in Biostimulants Market Are
- BASF SE (Germany)
- Syngenta (Switzerland)
- UPL (India)
- Bayer CropScience’s (Germany)
- Valagro (Italy)
- Italpollina SAP
- Platform Product Specialty Corporation (US)
- Sapec Group (Belgium)
- Biostadt India Ltd. (India)
- Koppert B.V. (Netherlands)
- Novozymes A/S. (Denmark)
- Lallemand (Canada)
- AlgaEnergy (Spain) and other major players.
Biostimulants Market Segment by Crop Types, Estimates, and Forecast by 2028
Fruits and Vegetables, Cereals and Grains, Turf and Ornamentals, Oilseeds and Pulses
Biostimulants Market Segment by Applications, Estimates, and Forecast by 2028
Foliar Spray, Soil Treatment, Seed Treatment
Regional Analysis for COVID-19 Outbreak-Global Biostimulants Market:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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Key Industry Development in Biostimulants Market
In March 2020, the major players in the global Biostimulantss industry are Syngenta and SICIT announced that to offer HICURE and ISABION Biostimulantss they have signed an agreement for the next 15 years.
In 2021 June, UPL Australia launched a new range of Biostimulants products based on GoActiv Technology. It helps to show specific crop physiological or abiotic stresses in fruits, vegetables, vines, and tree crops. GoActiv Technology is based on a 100% pure extract from the Ascophyllum nodosum seaweed species.