Biostimulants - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Biostimulants Market 

The global market for Biostimulants was estimated to be worth US$ 2295.8 million in 2023 and is forecast to a readjusted size of US$ 3825.3 million by 2030 with a CAGR of 7.7% during the forecast period 2024-2030.

The market for biostimulants is anticipated to rise as a result of factors such the need to improve crop output to meet the needs of the expanding population, government attempts to switch to sustainable farming practices, and evolving consumer preferences towards organic farming. 

Additionally, their application not only fosters plant growth and development but also lowers costs and improves agricultural productivity. 

Trends Influencing the Growth of the Biostimulants Market 

The market for biostimulants is anticipated to rise as a result of the need to boost crop productivity to satisfy demand from the expanding population. Agricultural producers need to figure out how to be more productive and efficient in the upcoming ten years. Biostimulants lessen the requirement for fertilizers by promoting plant growth and abiotic stress resistance. Small concentrations of these chemicals are effective, favoring the efficient operation of the plant's essential processes and enabling high yields and high-quality output. Additionally, biostimulants are inexpensive, which is anticipated to accelerate their uptake. 

The market for biostimulants is anticipated to develop as consumer demand for organic goods rises. Plant biostimulants are becoming more and more common in sustainable agriculture as a result of their capacity to increase nutrient uptake, product quality, and resistance to abiotic stress. Due to low nutrient levels in the soil or inadequate nutrient solubility in soil solution, plants produced organically are usually nutrient deficient. By boosting soil cation exchange capacity, providing nitrogen to crops, and/or enhancing nutrient solubility in soil solution, plant biostimulants can improve nutrient availability for plant uptake.

Due to an increase in agricultural emissions, the government has been urged to expand the production of high-quality agricultural goods with little to no emissions. Worldwide, governments are starting initiatives to inform farmers about the many advantages of bio-stimulants. In the upcoming years, the market growth for biostimulants is anticipated to be significantly impacted by these government initiatives.

Additionally, a growing emphasis on preventative healthcare is gradually but steadily changing conventional farming practices around the world, and producers are being urged to produce more utilizing sustainable practices and resources. In turn, this is fueling the global market for biostimulants.

Biostimulants Market Share

Global key producers of biostimulants include Biolchim, Valagro, Isagro, SICIT Group and others. The top four manufacturers together hold about 10% of the market share, with the largest manufacturer being Biolchim. global origins are mainly in North America, Europe, China, India, etc., with Europe being the largest production region with 43% of the market share. In terms of product category, plant extract biostimulants are the largest segment with about 50% market share, followed by humic and fulvic acids with 30% share. In terms of its applications, fruits and vegetables are its top application area with a market share of more than 50%.

By Type

• Humic and Fulvic Acids
• Plant Extract Biostimulants
• Hydrolysed Proteins
• Micro Organism

By Application

• Fruits & Vegetables
• Turf & Ornamentals
• Row Crops

By Company

Biolchim, Valagro, Isagro, SICIT Group, Bioiberica, Hello Nature, Biovert, TIMAC AGRO, Tradecorp, Agronutrition, Koppert, Arysta LifeScience Corporation, Biostadt, Biotech International, Dhanuka, PI Industries, IPL Biologicals, Fengdan Baili, Guangzhou Sgy Agricultural Science, Angel Yeast, Leili, Humikey, AMMS Century, Acadian Seaplants, Agricen, Marrone Bio Innovations, Advanced Nutrients, BioLiNE Corp

Production by Region

• North America
• Europe
• China
• Japan

Consumption by Region

• North America
• US.
• Canada
• Europe
• Germany
• France
• UK.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• Taiwan
• Indonesia
• Thailand
• Malaysia
• Philippines
• Vietnam
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• U.A.E

Scope of Biostimulants Market Report

Report Metric	Details
Report Name	Biostimulants Market
The market size in 2023	USD 2295.8 Million
The revenue forecast in 2030	USD 3825.3 Million
Growth Rate	CAGR 7.7%
Market size available for years	2023-2030
Forecast units	Value (USD)
Segments covered	Type, Application, Industry, Regions
Report coverage	Revenue & volume forecast, company share, competitive landscape, growth factors, and trends
Geographic regions covered	North America, Europe, Asia Pacific, Latin America, Middle East & Africa

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