Agricultural Biostimulants Market Revenue, Opportunity, Segment And Key Trends, 2030

 

The Agricultural Biostimulants Market size is expected to reach USD 8,166.0 Million in 2030 and register a revenue CAGR of 11.2% over the forecast period, according to the latest report by Reports and Data. Rapid market revenue growth of Agricultural Biostimulants is due to various factors such as increase in need for sustainable agriculture and easier availability of seaweeds as raw materials. However, commercialization of low quality biostimulants products is a restraint that can affect market revenue growth.

The global Agricultural Biostimulants market research report provides a brief overview inclusive of competitive landscape and key developments in the market. It provides an extensive study analysis of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, corporate deals and partnerships, among others. It also offers insights into company overview, financial standing, business expansion plans, and revenue growth of each company. It also sheds light on product advancement, technological developments, and research and development activities.

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Key Players:

Companies profiled in the global market report include FMC Corporation, BASF SE, UPL Limited, Agricen, Marrone Bio Innovation, Biolchim SpA, Valagro SpA, Biostadt India Limited, Andermatt Biocontrol AG, Koppert B.V., Micromix Plant Health Ltd.

Some Key Highlights from the Report:

• Among active ingredient segment, amino acids segment accounted for largest revenue share in 2021 and is expected to register a faster revenue CAGR during the forecast period. Amino acids help in activating seed germination and metabolic systems of plants and also stimulate fruit development, flowering, fruit setting, and seedling growth in plants as well as increased crop productivity under stressful environmental conditions. Amino acids increase plant tolerance to a variety of abiotic stresses, including salinity, drought, temperature, and oxidative conditions.  Amino acids are the basic building blocks of proteins and fulfill multiple functions in the plant: structural, metabolic and transport. Amino acids are also known in the industry of products for agriculture as chelates of metal ions. Microelements chelated with amino acids form very small, electrically neutral molecules, which accelerate their absorption and transport within the plant. These types of products are beneficial for plants that require supplementation with microelements, which is expected to drive the segment revenue growth.
• Among application segment, foliar treatment segment accounted for largest revenue share in 2021 due to rising need to supply micronutrients in order to prevent the occurrence of deficiencies during the early stages of growth. As micronutrients are essential elements for plant growth, this is boosting the usage of foliar spray applications. Foliar spray application is one of the most preferred methods of utilizing biostimulants to enhance crop productivity and increase production efficiency. It helps plants to rapidly absorb micronutrients as it is directly applied to leaves. Foliar treatment of plants increases cellular activity and plant growth, and enhance nutrient uptake, which is expected to drive the segment revenue growth.
• Agricultural Biostimulants Market in North America accounted for largest revenue share in 2021 due to rapid growth in organic farming in countries in the region. Supportive government initiatives to increase production of organic food owing to rising demand are projected to increase usage of agricultural biostimulants going ahead. Government has also supported research and development activities to boost utilization of bio-based products in the agriculture sector. The market in this region is driven by the increasing importance of a sustainable agriculture approach and development of new innovative products that target specific agronomic needs.
• In January 2022, UPL Ltd. and other shareholders in Sinagro Produtos Agropecuarios SA, Brazil, announced an agreement in which Bunge Ltd. would acquire a 33% stake in Sinagro to strengthen its grain orientation strategy in Brazil. This deal basically strengthens the partnership with Bunge in a relationship that would generate mutual benefits. Bunge’s expertise in risk management and its logistics capacity maximizes opportunities in the grain market for sustainable, traceable, and verifiable production.

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Key Questions Addressed in the Report:

• What is the expected revenue growth rate the global Agricultural Biostimulants market is expected to register during the forecast period?
• What are the key growth driving factors of Agricultural Biostimulants market?
• Who are the leading players in the market?
• What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?
• Which region is expected to account for the largest market share in the global Agricultural Biostimulants

Regional analysis covers study of the market in key geographical regions of the world including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further predicts the regions expected to account for the largest revenue share in the forecast period and the CAGR for the forecast period. The section further discusses in detail the production and consumption ratio, supply and demand, export and import, consumer demand and behavior, and presence of key players in each region. The section further offers a country-wise analysis to provide deeper insights into the global market. 

An extensive analysis of the global market is included in the report which covers different factors from region-centric key statistical data to macro- and micro-economic factors that are crucial for forecast assessment. The study also offers a comprehensive analysis of the growth prospects, patents, technological advancements, and product launches in the market.

Market Segmentation:

Active Ingredient Outlook (Revenue, USD Million; 2019–2030)

• Humic Substances
• Seaweed Extracts
• Microbial Amendments
• Amino Acids
• Others

Form Outlook (Revenue, USD Million; 2019–2030)

• Liquid
• Dry

Crop Type Outlook (Revenue, USD Million; 2019–2030)

• Fruits & vegetables
• Cereals & Grains
• Turf & Ornamentals
• Oilseeds & pulses
• Other crops

Application Outlook (Revenue, USD Million; 2019–2030)

• Soil Treatment
• Seed Treatment
• Foliar Treatment
• Others

Regional Outlook (Revenue, USD Million; 2019–2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Sweden
• BENELUX
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Rest of LATAM
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Israel
• Rest of MEA

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Key Points Addressed in the Report:

• A detailed analysis of the global Agricultural Biostimulants market through assessment of key market aspects such as technology, product type, application, end-use, and overall industry dynamics.
• Qualitative and quantitative analysis of the market estimation and CAGR calculation for the forecast period.
• All-inclusive assessment of market dynamics with emphasis on drivers, restraints, opportunities, and limitations.
• Extensive profiling of key companies operating in the market including company overview, financial standing, product offerings, product portfolio, recent product and technological advancement, and business expansion plans.

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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