Home / Food & Beverage / Biostimulants Market By Crop Type (Fruits And Vegetables, Row Crops, Turf And Ornamentals), By Application (Foliar, Seed, Soil), By Active Ingredients (Acid-Based Biostimulants, Extract-Based Biostimulants, Seaweed Extracts, Other Plant Extracts) - Growth, Future Prospects, Competitive Analysis And Forecast To 2016 - 2023

Biostimulants Market By Crop Type (Fruits And Vegetables, Row Crops, Turf And Ornamentals), By Application (Foliar, Seed, Soil), By Active Ingredients (Acid-Based Biostimulants, Extract-Based Biostimulants, Seaweed Extracts, Other Plant Extracts) - Growth, Future Prospects, Competitive Analysis And Forecast To 2016 - 2023

Published: Dec 2016 | Report Code: 58271-12-16

Growing world population is fuelling demand for food and thus, leading improvement in agriculture. Analyzing world population, it is anticipated to reach around 8 billion by 2030 and around 9 billion by 2050. This is further expected to generate substantial demand for appetite, thereby agriculture will play an important or key role in global economy. Also, agriculture is a major contributor to world’s economy and increasing demand for more productive and efficient resources to mitigate food demand leading to enough crop production is anticipated to fuel demand for Biostimulants in the near future. Biostimulants are used in varied applications in horticulture and agriculture. This is further leading to rising crop yields, inclination of government to environment, and others. Basically, biostimulant is referred to a material containing microorganism or a substance, which is used to stimulate nutrient uptake, efficiency and crop quality and nutritional content of the crop.

Some of the factors driving the demand for biostimulants include rising awareness among crop growers worldwide, increasing demand for organic products, extensive research and development for development of efficient and effective agricultural products and increasing world population, thereby leading towards substantial demand for food. However, availability of skilled growers in few potential countries, which will help in utilization of biostimulants restricts the market growth.

Globally, biostimulants market in Europe is expected to be largest in terms of value followed by Asia Pacific and North America. Increasing government support and subsidies related to improved agricultural practices and crop yield methods. Asia Pacific is further anticipated to exhibit fastest CAGR during the forecast period, which is attributed to growing food and beverage industry in China and India leading towards demand for biostimulants coupled with climatic changes that have led to yield boost in China, easy availability growing awareness among farmers related to bistimulants usage.

Global biostimulants market is expected to be valued at US$ 1.7 Bn by the end of 2016 and is projected to expand at a CAGR 10.7% during the forecast period 2016-2023. The market is anticipated to witness two fold growth by 2023, as compared to the market estimation in 2016.

Biostimulants Market

Purpose of the Report

The purpose of this strategic research study titled “Global biostimulants market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global biostimulants market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • biostimulants manufacturers
  • Oil & Gas exploration and production companies
  • Downstream & Midstream Companies
  • Research Institutes

USP and Key Offerings

The report titled “Global Biostimulants Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the biostimulants market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on crop type, application, active ingredients and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading biostimulants manufacturers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to validate the forthcoming attractive markets within chemicals and materials industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 3-Year market size data (2013 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global biostimulants market growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Biostimulants Market Snapshot
2.1.1. Global Biostimulants Market by Crop Type, 2015
2.1.2. Global Biostimulants Market by Application, 2015
2.1.3. Global Biostimulants Market by Active Ingredients, 2015

3. Market Summary
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Future Prospects
3.3.4. Impact Analysis of Drivers and Challenges
3.4. Attractive Investment Proportion
3.4.1. By Crop Type
3.4.2. By Application
3.4.3. By Active Ingredients
3.5. Market Positioning of Key Players

4. Global Biostimulants Market Size, By Crop Type, 2013 – 2023
4.1. Overview
4.1.1. Market Share Analysis by Crop Type, 2015 vs. 2023
4.2. Fruits and Vegetables
4.3. Row Crops
4.4. Turf and Ornamentals
4.5. Other Crop Types

5. Global Biostimulants Market Size, By Application, 2013 – 2023
5.1. Overview
5.1.1. Market Share Analysis by Application, 2015 vs. 2023
5.2. Foliar
5.3. Seed
5.4. Soil

6. Global Biostimulants Market Size, By Active Ingredients, 2013 – 2023
6.1. Overview
6.1.1. Market Share Analysis by Active Ingredients, 2015 vs. 2023
6.2. Acid-Based Biostimulants
6.2.1. Amino acid
6.2.2. Fulvic acid
6.2.3. Humic acid
6.3. Extract-Based Biostimulants
6.4. Seaweed extracts
6.5. Other Plant Extracts

7. Global Biostimulants Market Size, By Region, 2013 – 2023
7.1. Overview
7.1.1. Market Share Analysis by Region, 2015 vs. 2023
7.1.2. Attractive Investment Proportion
7.2. North America Biostimulants Market Analysis, 2013 – 2023
7.2.1. North America Biostimulants Market Size, By Crop Type, 2013 – 2023
7.2.1.1. Fruits & Vegetables
7.2.1.2. Row Crops
7.2.1.3. Turf & Ornamentals
7.2.1.4. Other Crop Types
7.2.2. North America Biostimulants Market Size, By Application, 2013 – 2023
7.2.2.1. Foliar
7.2.2.2. Seed
7.2.2.3. Soil
7.2.3. North America Biostimulants Market Size, By Active Ingredients, 2013 – 2023
7.2.3.1. Acid-Based Biostimulants
7.2.3.1.1. Amino acid
7.2.3.1.2. Fulvic acid
7.2.3.1.3. Humic acid
7.2.3.2. Extract-Based Biostimulants
7.2.3.3. Seaweed extracts
7.2.3.4. Other Plant Extracts
7.2.4. North America Biostimulants Market Size , By Country, 2013 – 2023
7.2.4.1. U.S.
7.2.4.2. Canada
7.3. Europe Biostimulants Market Analysis, 2013 – 2023
7.3.1. Europe Biostimulants Market Size, By Crop Type, 2013 – 2023
7.3.1.1. Fruits & Vegetables
7.3.1.2. Row Crops
7.3.1.3. Turf & Ornamentals
7.3.1.4. Other Crop Types
7.3.2. Europe Biostimulants Market Size, By Application, 2013 – 2023
7.3.2.1. Foliar
7.3.2.2. Seed
7.3.2.3. Soil
7.3.3. Europe Biostimulants Market Size, By Active Ingredients, 2013 – 2023
7.3.3.1. Acid-Based Biostimulants
7.3.3.1.1. Amino acid
7.3.3.1.2. Fulvic acid
7.3.3.1.3. Humic acid
7.3.3.2. Extract-Based Biostimulants
7.3.3.3. Seaweed extracts
7.3.3.4. Other Plant Extracts
7.3.4. Europe Biostimulants Market Size, By Country, 2013 – 2023
7.3.4.1. Germany
7.3.4.2. France
7.3.4.3. Italy
7.3.4.4. U.K
7.3.4.5. Russia
7.3.4.6. Rest of Europe
7.4. Asia Pacific Biostimulants Market Analysis, 2013 – 2023
7.4.1. Asia Pacific Biostimulants Market Size, By Crop Type, 2013 – 2023
7.4.1.1. Fruits & Vegetables
7.4.1.2. Row Crops
7.4.1.3. Turf & Ornamentals
7.4.1.4. Other Crop Types
7.4.2. Asia Pacific Biostimulants Market Size, By Application, 2013 – 2023
7.4.2.1. Foliar
7.4.2.2. Seed
7.4.2.3. Soil
7.4.3. Asia Pacific Biostimulants Market Size, By Active Ingredients, 2013 – 2023
7.4.3.1. Acid-Based Biostimulants
7.4.3.1.1. Amino acid
7.4.3.1.2. Fulvic acid
7.4.3.1.3. Humic acid
7.4.3.2. Extract-Based Biostimulants
7.4.3.3. Seaweed extracts
7.4.3.4. Other Plant Extracts
7.4.4. Asia Pacific Biostimulants Market Size, By Country, 2013 – 2023
7.4.4.1. India
7.4.4.2. China
7.4.4.3. Japan
7.4.4.4. Rest of Asia Pacific
7.5. Latin America Biostimulants Market Analysis, 2013 – 2023
7.5.1. Latin America Biostimulants Market Size, By Crop Type, 2013 – 2023
7.5.1.1. Fruits & Vegetables
7.5.1.2. Row Crops
7.5.1.3. Turf & Ornamentals
7.5.1.4. Other Crop Types
7.5.2. Latin America Biostimulants Market Size, By Application, 2013 – 2023
7.5.2.1. Foliar
7.5.2.2. Seed
7.5.2.3. Soil
7.5.3. Latin America Biostimulants Market Size, By Active Ingredients, 2013 – 2023
7.5.3.1. Acid-Based Biostimulants
7.5.3.1.1. Amino acid
7.5.3.1.2. Fulvic acid
7.5.3.1.3. Humic acid
7.5.3.2. Extract-Based Biostimulants
7.5.3.3. Seaweed extracts
7.5.3.4. Other Plant Extracts
7.5.4. Latin America Biostimulants Market Size, By Country, 2013 – 2023
7.5.4.1. Brazil
7.5.4.2. Mexico
7.5.4.3. Rest of Latin America
7.6. Middle East & Africa (MEA) Biostimulants Market Analysis, 2013 – 2023
7.6.1. MEA Biostimulants Market Size, By Crop Type, 2013 – 2023
7.6.1.1. Fruits & Vegetables
7.6.1.2. Row Crops
7.6.1.3. Turf & Ornamentals
7.6.1.4. Other Crop Types
7.6.2. MEA Biostimulants Market Size, By Application, 2013 – 2023
7.6.2.1. Foliar
7.6.2.2. Seed
7.6.2.3. Soil
7.6.3. MEA Biostimulants Market Size, By Active Ingredients, 2013 – 2023
7.6.3.1. Acid-Based Biostimulants
7.6.3.1.1. Amino acid
7.6.3.1.2. Fulvic acid
7.6.3.1.3. Humic acid
7.6.3.2. Extract-Based Biostimulants
7.6.3.3. Seaweed extracts
7.6.3.4. Other Plant Extracts
7.6.4. MEA Biostimulants Market Size, By Country, 2013 – 2023
7.6.4.1. GCC Countries
7.6.4.2. South Africa
7.6.4.3. Rest of MEA

8. Competitive Landscape
8.1. Competitive Dashboard
8.2. Company Profiles
8.2.1. BASF SE
8.2.2. Bayer AG
8.2.3. Italpollina Spa
8.2.4. Valagro
8.2.5. Biovert S.A.
8.2.6. Arysta LifeScience Limited
8.2.7. Agrinos
8.2.8. Biostadt India Limited
8.2.9. Koppert B.V.
8.2.10. Omex Agrifluids Ltd.

List Of Table :

 TABLE 1 Market Snapshot: Global Biostimulants Market
TABLE 2 North America Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 3 North America Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 4 North America Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 5 U.S. Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 6 U.S. Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 7 U.S. Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 8 Canada Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 9 Canada Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 10 Canada Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 11 Europe Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 12 Europe Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 13 Europe Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 14 Germany Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 15 Germany Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 16 Germany Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 17 France Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 18 France Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 19 France Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 20 Italy Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 21 Italy Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 22 Italy Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 23 U.K. Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 24 U.K. Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 25 U.K. Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 26 Russia Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 27 Russia Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 28 Russia Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 29 Rest of Europe Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 30 Rest of Europe Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 31 Rest of Europe Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 32 Asia Pacific Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 33 Asia Pacific Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 34 Asia Pacific Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 35 India Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 36 India Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 37 India Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 38 China Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 39 China Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 40 China Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 41 Japan Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 42 Japan Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 43 Japan Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 44 Rest of Asia Pacific Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 45 Rest of Asia Pacific Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 46 Rest of Asia Pacific Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 47 Latin America Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 48 Latin America Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 49 Latin America Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 50 Brazil Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 51 Brazil Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 52 Brazil Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 53 Mexico Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 54 Mexico Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 55 Mexico Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 56 Rest of Latin America Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 57 Rest of Latin America Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 58 Rest of Latin America Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 59 MEA Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 60 MEA Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 61 MEA Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 62 GCC Countries Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 63 GCC Countries Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 64 GCC Countries Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 65 South Africa Biostimulants Market Revenue, By Crop Type, 2013 – 2023
TABLE 66 South Africa Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
TABLE 67 South Africa Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
TABLE 68 BASF SE: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 69 Bayer AG: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 70 Italpollina Spa: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 71 Valagro Spa: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 72 Biovert S.A.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 73 Arysta LifeScience Limited: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 74 Agrinos: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 75 Biostadt India Limited: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 76 Koppert B.V.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 77 Omex Agrifluids Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)

List Of Figure :

FIG. 1 Global Biostimulants : Market Segmentation
FIG. 2 Global Biostimulants Market: Research Methodology
FIG. 3 Market Positioning of Key Biostimulants Companies, 2015
FIG. 4 Global Biostimulants Market Revenue, By Crop Type, 2015 (US$)
FIG. 5 Global Biostimulants Market Revenue, By Fruits & Vegetables, 2013 – 2023 (US$)
FIG. 6 Global Biostimulants Market Revenue, By Row Crops, 2013 – 2023 (US$)
FIG. 7 Global Biostimulants Market Revenue, By Turf & Ornamentals, 2013 – 2023 (US$)
FIG. 8 Global Biostimulants Market Revenue, By Other Crop Types, 2013 – 2023 (US$)
FIG. 9 Global Biostimulants Market Revenue, By Application, 2013 – 2023 (US$)
FIG. 10 Global Biostimulants Market Revenue, By Foliar, 2013 – 2023 (US$)
FIG. 11 Global Biostimulants Market Revenue, By Seed, 2013 – 2023 (US$)
FIG. 12 Global Biostimulants Market Revenue, By Soil, 2013 – 2023 (US$)
FIG. 13 Global Biostimulants Market Revenue, By Active Ingredients, 2013 – 2023 (US$)
FIG. 14 Global Biostimulants Market Revenue, By Acid-Based Biostimulants, 2013 – 2023 (US$)
FIG. 15 Global Biostimulants Market Revenue, By Extract-Based Biostimulants, 2013 – 2023 (US$)
FIG. 16 Global Biostimulants Market Revenue, By Seaweed Extracts, 2013 – 2023 (US$)
FIG. 17 Global Biostimulants Market Revenue, By Other Plant Extracts, 2013 – 2023 (US$)
FIG. 18 Global Biostimulants Market Revenue, By Regions, 2015 & 2023 (US$)
FIG. 19 North America Biostimulants Market Revenue, 2013 – 2023 (US$)
FIG. 20 Europe Biostimulants Market Revenue, 2013 – 2023 (US$)
FIG. 21 Asia Pacific Biostimulants Market Revenue, 2013 – 2023 (US$)
FIG. 22 Latin America (LATAM) Biostimulants Market Revenue, 2013 – 2023 (US$)
FIG. 23 Middle East and Africa Biostimulants Market Revenue, 2013 – 2023 (US$)

The global biostimulants market can be categorized on the basis of active ingredients as:

  • Acid-Based Biostimulants
    • Amino acid
    • Fulvic acid
    • Humic acid
  • Extract-Based Biostimulants
  • Seaweed Extracts
  • Other Plant Extracts

Among, the aforementioned segments, acid-based biostimulants segment is anticipated to hold largest market share by 2023 end in terms of revenue contribution. The segment is further anticipated to record robust growth throughout the forecast period. This is due to ease availability of raw materials for the formulation of these biostimulants as compared to other ingredients. In addition, increasing consumer concerns regarding nutritional aspects and health consciousness related to food products, especially organic food products has led to demand for biostimulants, thus driving the overall biostimulants market growth.

Among all the active ingredients, seaweed extracts segment is anticipated to record highest growth during the forecast period, which is attributed to rising demand in hydroponics. Furthermore, seaweed cultivation is increasing in countries such as Thailand, Philippines and Indonesia, which is anticipated to meet the raw material availability concern among agriculture growers. Also, microbial groups such as PSB (phosphate-solubilizing bacteria) and PGPR (plant growth-promoting rhizobacteria) are predicted to be used for nutrient solubilization and fixation of nitrogen content in biostimulants formulation in the near future. Other pant extracts segment, which includes chitin & chitosan, vitamin B, and other elements is anticipated to record robust CAGR during the forecast period, propelled by rising demand from agriculture sector worldwide.

Biostimulants Market

The global biostimulants market can be categorized on the basis of application as:

  • Foliar
  • Seed
  • Soil

Biostimulants Market

Biostimulant has an impact on plant health and is hence used in small quantities for plant growth promotion. It is an organic substance comprising plant hormones, enzymes, microorganisms and trace elements, which are mixed in adequate quantity. There is a difference between fertilizers and biostimulants as biostimulants supply nutrients to the plants, serving varied application areas such as foliar, seed and soil enrichment. Among these applications, foliar segment accounted for around 50% of the total market share and are expected to remain dominant during the forecast period. Biostimulants are majorly used as soil or foliar treatments as compared to be used as seed treatment.  This is due to benefits such as root development, germination improvement, improving plant strength to uphold against adverse conditions and encouragement of early growth of the crop. Globally, biostimulants usage for soil application is anticipated to gain traction and is predicted to record significant growth during the forecast period. However, in Europe biostimulants are majorly used for soil and foliar applications as compared to seed application. Biostimulants benefit soil, environment and plant health in all and thus, lead to improved crop quality and yield.

On the basis of crop type, the biostimulants market is categorized into following types:

  • Fruits & Vegetables
  • Row Crops
  • Turf & Ornamentals
  • Other Crop Types

Rising demand for plentiful, affordable and healthy food products among consumers is leading to improvisation in supply chain right from sourcing to manufacturing among food product manufacturers. Since, crop yield is prime aspect in determining food quality, there have been continuous efforts from governments of various countries to enhance standards related to crop production along with meeting environmental standards. Of different crop types, row crops segment holds largest market share and is expected to maintain its dominance throughout the forecast period. Increasing world population drives the demand for food products subsequently. Thus, availability of efficient supply to mitigate the demand is a concern among food and beverage manufacturers, thereby leading to adoption of agricultural products such as biostimulants, resulting in better crop quality and yield.

Furthermore, increasing consumption of oilseeds including cottonseed, sunflower, soybeans, rapeseed and others; cereals including corn, wheat, rice, and barley is a key factor supporting the growth of row crops segment during the forecast period. Fruits and vegetables segment is expected to record highest growth, which is attributed to its increasing health conscious consumers, leading towards demand for organic food products, thereby fuelling biostimulants market growth across the globe. In addition, changing climatic conditions have led to fluctuating crop yields in few countries, resulting in adoption of biostimulants among growers to enhance the crop yield and quality simultaneously.

Biostimulants Market

On the basis of geography, the global biostimulants market is segmented as per following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

In 2015, Europe was the leading market followed by Asia Pacific. Both these regions together accounted for more than 65% share of the market in terms of value. However, growth is projected to be fastest from the Asia Pacific region during the forecast period 2016 to 2023. Robust growth in this region is attributed to growing demand for organic food products coupled with increasing awareness related to organic and sustainable farming especially in countries such as China and India. This is further expected to lead towards adoption of biostimulants, thus fuelling biostimulants market growth. Moreover, government focus on enhancing awareness among growers for adoption of technically advanced agricultural products and practices is stimulating the market growth. The market for biostimulants in Latin America is anticipated to record significant growth, followed by Middle East and Africa. The market for biostimulants in North America is projected to grow at a moderate rate during the forecast period.

Biostimulants Market

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