Biostimulants Market Report, Global Size, Share, Growth Analysis, Top Companies and Industry Trends by 2027

SHERIDAN, WY, USA, February 28, 2023 /EINPresswire.com/ -- The latest report published by IMARC Group, titled “Biostimulants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global biostimulants market size reached US$ 2.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.55 Billion by 2027, exhibiting a growth rate (CAGR) of 11.48% during 2022-2027.

Biostimulants are natural, microbe-based agricultural chemicals that facilitate organic plant growth and offer stress protection. These products are formulated using a combination of active ingredients, trace elements, plant hormones, enzymes, and seaweed extracts. They are applied to the soil, seeds, and leaves to enhance nutrient availability, water-holding capacity, and chlorophyll production. Biostimulants assist in reducing reliance on fertilizers, enhancing crop productivity, and stimulating root development and cell enlargement in plants, thereby increasing soil fertility. Consequently, they are widely utilized in the agriculture industry to promote plant growth and support environmentally friendly farming practices.

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Biostimulants Market Trends:

The burgeoning global population has significantly increased food demand, which represents one of the key drivers positively influencing the market growth. Additionally, the surging adoption of organic farming practices for agricultural sustainability, soil health, and environmental safety is catalyzing the demand for biostimulants, further fueling the market growth. Apart from this, the escalating awareness regarding the adverse effects of chemically synthesized fertilizers and the limited availability of cultivable land are favoring the market growth. Moreover, the increasing utilization of biostimulants to enhance the overall productivity and quality of crops, rapid innovations in the agricultural sector, and burgeoning investments in research and development (R&D) activities are providing a considerable thrust to the biostimulants market growth.

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Biostimulants Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the biostimulants market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Agrinos AS
• Adama LTD.
• BASF SE
• Bayer
• Biolchim SpA.
• Biostadt India Ltd.
• Isagro
• Italpollina SpA
• Koppert B.V.
• Novozymes
• Syngenta
• Valagro SpA

Key Market Segmentation:

The report has segmented the global biostimulants market based on product type, crop type, form, origin, distribution channel, application, end user and region.

Breakup by Product Type:

• Acid-based:
o Humic Acid
o Fulvic Acid
o Amino Acid

• Extract-based:
o Seaweed Extract
o Other Plant Extracts

• Others:
o Microbial Soil Amendments
o Chitin & Chitosan
o Others

Breakup by Crop Type:

• Cereals and Grains
• Fruits and Vegetables
• Turf and Ornamentals
• Oilseeds and Pulses
• Others

Breakup by Form:

• Dry
• Liquid

Breakup by Origin:

• Natural
• Synthetic

Breakup by Distribution Channel:

• Direct
• Indirect

Breakup by Application:

• Foliar Treatment
• Soil Treatment
• Seed Treatment

Breakup by End-User:

• Farmers
• Research Organizations
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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