Agricultural Biostimulants Market Size Worth USD 9.95 Billion in 2032 | Emergen Research

The global agricultural biostimulants market size was USD 3.44 Billion in 2022 and is expected to register a rapid revenue CAGR of 11.2% during the forecast period. The global agricultural biostimulants market is witnessing significant growth driven by the increasing demand for sustainable agriculture practices and the necessity for high-quality crops. Biostimulants, which are biologically produced fertilizers aimed at stimulating plant development and productivity, are playing a crucial role in modern agriculture's quest for innovation and sustainability.

As the world grapples with challenges such as soil degradation, climate change, and resource scarcity, there is a growing recognition of the need to adopt methods that not only enhance crop yields but also preserve soil quality and biodiversity. Biostimulants, particularly those based on microorganisms or organic compounds derived from renewable resources, offer a sustainable and efficient approach to improving nutrient usage efficiency and ensuring agricultural production stability throughout the crop life cycle.

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Key Drivers of the Agricultural Biostimulants Market:

One of the primary drivers of market growth is the increasing utilization of seaweeds as a raw material. Seaweed extracts, rich in micronutrients, macronutrients, growth hormones, and potassium salts, are proving to be superior alternatives to chemical fertilizers. These extracts not only enhance soil moisture and mineral retention but also contribute to better yields across a variety of crops.

Market Restraints and Regulatory Challenges:

Despite the promising growth trajectory, the agricultural biostimulants market faces challenges stemming from inadequate regulatory frameworks. The proliferation of substandard products with exaggerated claims has led to a lack of trust among farmers. While regions like the European Union have implemented stringent quality norms, others, like the United States, lack clarity, resulting in a buyer-beware atmosphere. The establishment of robust regulatory frameworks is essential to foster trust among industry players and encourage investments in research and development.

Emerging Trends and Segment Insights:

Continuous technological advancements in production techniques are driving innovation in the agricultural biostimulants market. From cultivation to extraction and processing, various technologies are being employed to enhance the efficacy of biostimulant products. Additionally, the market is witnessing a shift towards foliar applications, particularly for providing micronutrients during the initial phases of growth.

Outlook and Future Prospects:

Looking ahead, the fruits & vegetables segment is expected to dominate the market, driven by the increasing need for sustainability and quality standards. Similarly, the seed treatment segment is poised for rapid growth, fueled by the demand for high-quality seeds capable of withstanding biotic and abiotic stressors.

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Agricultural Biostimulants Top Companies and Competitive Landscape

The global agricultural biostimulants market is fairly fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective agricultural biostimulants solutions.

Some major players included in the global agricultural biostimulants market report are:

• Marrone Bio Innovations, Inc.
• Biolchim S.p.A.
• Valagro SpA
• Novozymes
• Bayer AG
• Koppert
• Atlántica Agrícola
• Verdesian Life Sciences
• Seipasa
• FMC Corporation
• Haifa Negev technologies LTD
• AmHydro
• Chawla Fire Protection Engineer Pvt. Ltd.
• Bioiberica S.A.U
• Agricen
• Nutri-Tech Solutions Pty Ltd.
• Agrinos
• Micromix Plant Health (MPH)
• Manvert
• Dora Agri-Tech

Agricultural Biostimulants Latest Industry News

• On 22 June 2022, FMC Corporation announced the launch of Biologicals by FMC, a new brand image for its Plant Health division, which reflects the company's ongoing development and growth of its biologicals platform. Biologicals by FMC illustrates FMC's dedication to offering farmers biological solutions that are backed by science to manage crops sustainably, protect yields, and combat resistance. The addition of biologicals extends the usefulness of current chemistry by introducing new modes of action.

• In September 2022, Biolchim announced its partnership with Huber Corporation, which has taken a majority stake. Through this partnership, both businesses aimed to increase their global footprint and customer service while using each other's complementary capabilities and domain-specific expertise in the biostimulant market. The Biolchim Group is expected to play a significant role in defining the strategy framework of the Huber AgroSolutions (HAS) business unit under HEM, along with currently existing organizations such as Miller Chemical & Fertilizer (Miller).

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Agricultural Biostimulants Market Segment Analysis

For the purpose of this report, Emergen research has segmented the global agricultural biostimulants market on the basis of active ingredient, form, crop type, application, and region:

• Active Ingredient Outlook (Revenue, USD Billion; 2019-2032)
o Humic Substances
o Seaweed Extracts
o Microbial Amendments
o Amino Acids
o Others
• Form Outlook (Revenue, USD Billion; 2019-2032)
o Liquid
o Dry
• Crop Type Outlook (Revenue, USD Billion; 2019-2032)
o Fruits & Vegetables
o Cereals & Grains
o Turf & Ornamentals
o Oilseeds & Pulses
o Other Crops
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Soil Treatment
o Seed Treatment
o Foliar Treatment

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