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 natural or synthetic products that can be utilized in seeds, plants, and soil to enhance the growth of the plant, by declining the need for fertilizers. These products are resistant to water, and abiotic stresses. In addition to this Biostimulants are used in plants to boost nutrition efficiency, abiotic stress tolerance, plant quality attributes, and nevertheless its nutrient contents. In the composition of Biostimulants, multiple numbers of active ingredients are used such as seaweed extract, humic acid, vitamins, and others. Moreover, from seed germination to plant maturity Biostimulants helps to enhance the plant growth and crop life cycle.
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 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.
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.