The growing need for sustainable agriculture supports the sector

Company logo

Company logo

Global Biostimulants Market

Global Biostimulants Market

Global Biostimulants Market

DUBLIN, Jan. 16, 2023 (GLOBE NEWSWIRE) — “Global Biostimulants Market by Active Ingredients (humic substances, amino acids, seaweed extracts, microbial modifications), method of application (foliar, soil treatment, seed treatment), form (liquid, dry) ) and crop type and region – Forecast report until 2027 added” ResearchAndMarkets.com an offer.

The global biostimulators market is estimated to be worth around USD 3.5 billion in 2022. It is expected to reach USD 6.2 billion by 2027, registering a CAGR of 11.8% during the forecast period.

Conventional farming has been heavily criticized for causing biodiversity loss, soil erosion, and increased water pollution due to the rampant use of synthetic fertilizers and pesticides. Organic farming is widely considered a more sustainable alternative when it comes to food production. Pesticide shortages and widespread plant diversity promote biodiversity, improve soil quality, and reduce pollution from fertilizer or pesticide runoff.

Some of the major countries adopting organic farming include Australia, Argentina, China and Spain. To produce organic food products, different methods are adopted to select pest-resistant varieties, proper rotation, green manure, balanced fertilization, use of humic-based biostimulants, early sowing, mulching, cultural, mechanical and biological measures, and disturbance of pest life cycles are the basis of pest management programs. , which are used in organic farming. Biocatalysts find an important use in the organic farming revolution.

Key players in the biocatalysts market include BASF SE (Germany), UPL (India), Valagro SpA (Italy), Gowan Group (US), FMC Corporation (US), ILSA SpA (Italy), Rallis India Limited (India ), Haifa Group (Israel), Adama Ltd. (Israel), Biovert-Manvert (Spain), Koppert (Netherlands), Trade Corporation International (Spain), AgriTecno (Spain).

Europe is estimated to account for the largest share in 2021, with a compound annual growth rate of 11.5%.

According to the European Environment Agency, the agricultural sector occupies a large share of the land in Europe. Small farms characterize Europe with intensive farming systems and the cultivation of various crops. The region’s strong agricultural sector makes it one of the leading consumers of biostimulants.

Key players in the European biostimulants market include BASF SE (Germany), Valagro SpA (Italy), Biovert SL (Spain), Koppert Biological Systems (Netherlands), Tradecorp International (Spain) and AgriTecno (Spain). European markets have a basic or minimum regulatory framework for biostimulation products. As a result, many startups have appeared on the market, especially in Spain and Italy. However, according to preliminary insights, the region will soon establish an appropriate regulatory framework to ensure the provision of the best products in the markets.

Asia Pacific is expected to grow by 12.5% ​​over the forecast period

The agriculture industry in Asia, particularly in the Southeast Asian countries, has undergone an effective transformation due to various technological developments. This has led to the adoption of intensive farming practices and has led to low nutrient levels in the soil. To revitalize the soil, agricultural authorities in various countries of Asia have recommended the use of vaccines and biostimulants. Biostimulants enhance the physiological activities of seeds for early emergence and optimal development of crops at later stages under different climatic and agricultural conditions in the region.

Biostimulants are used to improve the yield and quality of fruits and vegetables

Steady growth in the production of fruits and vegetables is expected to boost the demand for biostimulants. In the COVID-19 scenario, agricultural economies, such as India, Bangladesh and Vietnam, where agriculture accounts for around 12-16% of GDP, are affected the most. Agricultural commodity markets have been concerned by the delay between trade prices and the physical delivery of agricultural products. To mitigate risks to agriculture, governments have launched relief schemes and packages for small farmers. With many global markets reopening, the sector is rapidly resuming production.

Market dynamics

drivers

  • Increased need for sustainable agriculture

  • Table 6: Sustainability investments by major agricultural companies

  • Easy availability of seaweed as raw materials

  • Strong demand for high value crops

restrictions

opportunities

challenges

Notable players featured in this report:

  • BASF SE (Germany)

  • UPL (India)

  • Valagro SpA (Italy)

  • Joanne Group (USA)

  • FMC Corporation (USA)

  • ILSA SpA (Italy)

  • Rallis India Limited (India)

  • Haifa Group (Israel)

  • Adama Ltd. (Israel)

  • Biovert SL (Spain)

  • Koppert Biological Systems (Netherlands)

  • Tradecorp International (Spain)

  • AgriTechno (Spain)

  • Axeb Biotech SL (Spain)

  • MAFA Bioscience, SA (Spain)

  • LawrieCo (Australia)

  • Devi Crop Science (India)

  • Bioflora (United States)

  • AgriCen (United States)

  • Omnia Specialties Pty (Australia)

  • Kelp Products International (South Africa)

  • Afrikelp (South Africa)

  • AminoCore (Germany)

  • Aphea.Bio (Belgium)

  • South Agro (Italy)

report attribute

details

number of pages

287

forecast period

2022 – 2027

Estimated market value (in USD) in 2022

3.5 billion dollars

Projected market value (in USD) by 2027

$6.2 billion

The total annual growth rate

11.8%

covered areas

worldwide

Main topics covered:

1 Introduction

2 research methodology

3 executive summary

4 distinct insights

5 market overview

6 industry trends

7 Biostimulants Market, by Active Ingredients
7.1 Introduction
7.2 Humic Substances
7.3 Seaweed extracts
7.4 amino acids
7.5 Microbial Alterations
7.6 Other Active Ingredients

8 Biostimulants Market, by Method of Application
8.1 Introduction
8.2 Seed treatment
8.3 Soil Remediation
8.4 Foliar spraying

9 Biostimulants Market by Formulation
9.1 Introduction
9.2 liquid
9.3 dry

10 Biostimulants Market, by Crop Type
10.1 Introduction
10.2 Cereals and cereals
10.3 Oilseeds and pulses
10.4 Fruits and vegetables

11 Biostimulants Market, by Region

12 competitive scenes

13 company profiles

14 neighboring and related markets

15 Appendix
For more information on this report, visit https://www.researchandmarkets.com/r/75v4i0

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, major companies, new products and the latest trends.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Leave a Comment