Biostimulants Market Surges to USD 7.54 Billion by 2031, Propelled by 10.20% CAGR - Verified Market Research®

The biostimulants market is driven by rising demand for sustainable agriculture, increased organic farming, and the need for enhanced crop productivity. Advancements in biotechnologies and growing awareness about soil health also boost market growth. However, restraints include regulatory challenges, high R&D costs, and limited awareness among farmers in developing regions. Variability in product effectiveness and a lack of standardized definitions further hinder market expansion.


Lewes, Delaware, June 18, 2024 (GLOBE NEWSWIRE) -- The Global Biostimulants Market is projected to grow at a CAGR of 10.20% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 3.71 Billion in 2024 and is expected to reach USD 7.54 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=22982

Browse in-depth TOC onGlobal Biostimulants Market

202 - Pages

126 – Tables

37 – Figures

Scope Of The Report

REPORT ATTRIBUTESDETAILS
STUDY PERIOD2018-2031
GROWTH RATECAGR of ~10.20% from 2024 to 2031
BASE YEAR FOR VALUATION2023
HISTORICAL PERIOD2018-2022
FORECAST PERIOD2024-2031
QUANTITATIVE UNITSValue in USD Billion
REPORT COVERAGEHistorical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis
SEGMENTS COVERED
  • By Active Ingredient
  • By Application Method
  • By Crop Type
  • By Form
REGIONS COVERED
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
KEY PLAYERS
  • BASF
  • Biolchim
  • Isagro
  • Arysta Lifescience
  • Valagro
  • Koppert
  • Italpolina
  • Ilsa
  • Syngenta
  • Adama Agricultural Solution
CUSTOMIZATIONReport customization along with purchase available upon request

Biostimulants Market Overview

Sustainable Agriculture Demand: The increasing demand for sustainable agricultural practices is a significant factor driving the biostimulants market. Biostimulants provide an effective alternative to businesses that are seeking eco-friendly solutions to improve crop productivity without compromising environmental health. This development stimulates market expansion and motivates additional investments in biostimulant technologies.

Growth in Organic Farming: One of the primary factors driving the biostimulants market is the increase in organic cultivation. In accordance with organic principles, organic farmers are progressively utilizing biostimulants to enhance the quality and yield of their crops. This expanding sector not only expands market opportunities but also encourages innovation in biostimulant products that are specifically designed for organic agriculture.

Advancements in Biotechnology: The biostimulants market is being driven forward by advancements in biotechnology. The development of biostimulants that are more effective is facilitated by cutting-edge research and development, which in turn increases their adoption among agribusinesses. These developments guarantee more resilient and robust crop production, thereby enhancing market expansion and competitiveness.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/download-sample?rid=22982

Regulatory Challenges: The biostimulants market is confronted with substantial regulatory obstacles. The market penetration and growth are impeded by the complexities of compliance that are created by the diverse regulations across regions. Companies must exercise caution when navigating these regulatory landscapes, as it may result in operational cost increases and delays to product launches.

High R&D Costs: The biostimulants market is significantly impeded by the exorbitant costs of research and development. Substantial investment is necessary to create biostimulants that are both effective and compliant, which can serve as an obstacle for smaller organizations. This financial burden has the potential to restrict market entry and slow the tempo of innovation and product availability.

Limited Awareness in Developing Regions: The market development is restricted by the limited awareness of biostimulants in developing regions. The benefits and application methods of biostimulants are frequently unknown to farmers in these regions. This gap requires market participants to undertake extensive education and outreach initiatives, which can be time-consuming and resource-intensive.

Geographic Dominance:

The biostimulants market is primarily dominated by Europe as a result of its strong emphasis on sustainable agriculture and organic agricultural practices. The market is further stimulated by favorable government regulations and policies that encourage the use of environmentally benign agricultural inputs. Furthermore, Europe's leadership is bolstered by sophisticated agricultural technologies and a high level of awareness among farmers. Driven by technological advancements and the increasing adoption of sustainable agricultural practices, North America and the Asia-Pacific are also significant markets.

Biostimulants Market Key Players Shaping the Future

Major players, including BASF, Biolchim, Isagro, Arysta Lifescience, Valagro, Koppert, Italpolina, Ilsa, Syngenta, Adama Agricultural Solution. and more, play a pivotal role in shaping the future of the Biostimulants Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.

Biostimulants Market Segment Analysis

Based on the research, Verified Market Research® has segmented the global Biostimulants Market into Solution Type, End-User, Industry Vertical, And Geography.

  • Biostimulants Market, by Active Ingredient
    • Humic Substances
    • Microbial Amendments
    • Seaweed Extracts
    • Amino Acids and Vitamins
    • Trace Minerals
  • Biostimulants Market, by Application Method
    • Seed Treatment
    • Soil Treatment
    • Foliar Treatment
  • Biostimulants Market, by Crop Type
    • Turfs and Ornamentals
    • Fruits and Vegetables
    • Row Crops
  • Biostimulants Market, by Form
    • Liquid
    • Dry
  • Biostimulants Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Global Biorational Pesticides Market Size By Type (Biorational Insecticides, Biorational Fungicides, Biorational Nematicides, Biorational Herbicides), By Source (Botanical Microbials, Non-Organic), By Formulation (Liquid, Dry), By Crop Type (Fruits & Vegetables, Cereals & Grains, Oil Seeds & Pulses), By Mode of Application (Foliar Spray, Soil Treatment, Seed Treatment), By Geography, And Forecast

Global Agricultural Biologicals Testing Market Size By End-User (Biological Product Manufacturers, Government Agencies), By Application (Field Support, Analytical, Regulatory), By Product Type (Bio Pesticides, Bio Stimulants, Bio Fertilizers), By Geography, And Forecast

Global Biofertilizers Market Size By Product Type (Nitrogen Fixing, Phosphate Solubilization), Microorganism (Rhizobium, Azotobacter, Azospirillum, Pseudomonas, Bacillus, VAM), Application Seed Treatment, Soil Treatment), By Geography, And Forecast

Global Plant Activators Market Size by Source (Biological, Chemical), Form (Powder, Granules, Liquid), Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses), Mode of Application (Foliar Spray, Soil Treatment), By Geography, And Forecast

Top 10 Biostimulant Companies researching trace elements through agronomical activities

Visualize Biostimulants Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR's domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR's dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

 

Coordonnées