Biostimulants Market Research: Impact On Soil Health And Crop Yield

Biostimulants Industry Overview

The global biostimulants market size was valued at USD 2.6 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. This is attributed to rising in demand for the product from various end-use applications such as seed, soil, and foliar treatment. Biostimulants are fertilizers that are created organically and are used to nourish agricultural products as well as to promote plant growth and production. From the germination of the seed to the maturity of the plant, the product promotes plant growth and development. By encouraging the growth of interdependent soil microbes, these fertilizers also aid in nutrient transfer, assimilation, and usage while improving soil fertility.

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The product helps in improving the microflora, which, in turn, improves the efficiency of nutrient uptake by the plant. They increase antioxidant activity and reduce plant stress against the environment and various diseases. The hormones stimulate growth coupled with root development and cell enlargement, therefore, promoting the vigor and overall health of the plant. Biostimulants comprise natural and environment-friendly degradable materials, which do not affect the surroundings of the plant. Therefore, they are witnessing high demand for organic farming practices.

Organic foods contain the necessary nutrients and do not possess unnecessary toxins that are harmful to human health. Organic vegetables and fruits have witnessed a significant rise in demand in the past couple of years owing to their nutritional value, less usage of pesticides, and high sustainability. Organic farming is expected to witness augmented growth over the forecast period owing to its rising adoption in developing economies which in turn is projected to supplement the demand for the product in the coming years.

Browse through Grand View Research’s Agrochemicals & Fertilizers Industry Research Reports.

• The global forage seed market size was estimated at USD 4.71 billion in 2023 and is projected to grow USD 6.19 billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030. Owing to the demand for high-quality seeds used in livestock feed is experiencing significant growth, primarily driven by the increasing global livestock population.

• The global neem extracts market size was valued at USD 1.89 billion in 2023 and is expected to grow at a CAGR of 11.3% from 2024 to 2030. The major driving factor for the neem extract market is its prominence in the health and wellness sector as they are used in nutraceuticals and dietary supplements due to their bioactive components.

Biostimulants Market Segmentation

Grand View Research has segmented the global biostimulants market on the basis of active ingredients, crop type, application, and region:

Biostimulants Active Ingredient Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 – 2030)
• Acid Based
• Seaweed Extract
• Microbial
• Others

Biostimulants Crop Type Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 – 2030)
• Row Crops & Cereals
• Fruits & vegetables
• Turf & Ornamentals
• Others

Biostimulants Application Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 – 2030)
• Foliar Treatment
• Soil Treatment
• Seed Treatment

Biostimulants Regional Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 – 2030)
• North America
o U.S.
• Europe
o Germany
o U.K.
o Italy
• Asia Pacific
o China
o India
o Japan
o Australia
• Central & South America
o Brazil
• Middle East & Africa

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Key Companies profiled:
• Isagro Group
• BASF SE
• Biolchim S.P.A.
• Sapec Agro S.A.
• Platform Specialty Products Corporation
• Novozymes A/S
• Valagro SpA
• Italpollina SAP
• Koppert B.V.
• Biostadt India Limited