The global biostimulant market is estimated at USD 3.2 billion in 2021; it is expected to grow at a CAGR of 12.1% to reach USD 5.6 billion by 2026
Biostimulants can help promote plant development and growth in several ways throughout the crop life cycle, from seed germination to plant maturation. In terms of application, biostimulants can be applied to the soil, plant or seeds or can also be mixed with any other growing medium, which improves the plant’s ability to absorb nutrients.
New York, November 16, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Biostimulants Market by Active Ingredients, Mode of Application, Form, Crop Type and by Region – Global Forecast to 2026” – https: //www.reportlinker.com/p05773306/? utm_source = GNW
The growth of the biostimulant market has accelerated due to the associated benefits and the increased need for sustainable agriculture and the reduction in the exploitation and waste of conventional synthetic fertilizers.
The Algae Extract sub-segment is expected to observe the fastest growing market in the active ingredient segment for the biostimulant market.
Seaweed extracts improve soil fertility and increase crop productivity under various conditions of environmental stress. Application of seaweed extracts improves soil structure and aeration, increases tolerance to biotic and abiotic stress, improves seed germination and stimulates root growth, fruit set and production.
Seaweed extracts are rich in phytohormones and trace elements for plant growth. Algae and seaweed extracts are essential components of organic farming, which allow to optimize yields thanks to their biostimulating role on cultivated plants, their market should therefore achieve rapid growth.
By mode of application, the foliar sub-segment is estimated to represent the largest market share in the biostimulant market.
Foliar spray application of biostimulants is one of the most widely used methods to help maximize plant productivity. When soil conditions are unfavorable, it may be desirable to make foliar applications of biostimulants.
When applying biostimulants to the foliage of the plant, smaller amounts of fertilizer or other agrochemicals are needed than when applying to the soil. Thus, they are used in greater quantity.
The liquid sub-segment of the segment by form is estimated to hold the largest market share of the biostimulants market during the forecast period.
Various factors, such as the type of crop, the type of storage available, the size of the field and the weather conditions in the region, are attributable to the choice of the form in which the biostimulants should be used. Most biostimulants are available in liquid form.
However, dry soluble formulations are also available, due to their ease of handling and increased shelf life. Concentrated suspension formulations are the most commonly available liquid form of biostimulants.
The grains and cereals sub-segment of the segment by crop type is expected to observe the fastest growing biostimulant market during the forecast period.
The use of biostimulants has evolved tremendously from high value crops such as fruits and vegetables to large area crops such as grains, legumes and fiber crops. Biostimulants have been observed to improve nutrient absorption, develop tolerance to abiotic stresses, and increase vigor and yield in crops such as wheat, rice, and barley.
The immense potential for application of biostimulants for these large area crops can lead to significant growth in this market. Many domestic manufacturers began to realize the potential demand in the coming years, with several launches targeted at crops such as rice, corn and wheat.
Rupture of primaries
• By type of business: level 1: 45%, level 2: 33% and level 3: 22%
• By designation: C-Level – 45%, D-Level – 33%, Other – 22%
• By region: North America – 10%, Europe – 15%, Asia-Pacific – 50%, South America – 13% and Rest of the world (RoW) * – 12%.
* The right-of-way includes South Africa, Turkey and others in the right-of-way.
The main players presented in this report
• BASF SE (Germany)
• UPL (India)
• Valagro SpA (Italy)
• Gowan Group (United States)
• FMC Corporation (United States)
• ILSA SpA (Italy)
• Rallis India Limited (India)
• Haifa Group (Israel)
• Adama Ltd. (Israel)
• Biovert SL (Spain)
• Koppert Biological Systems (Netherlands)
• Tradecorp International (Spain)
• AgriTecno (Spain)
• Axeb Biotech SL (Spain)
• MAFA Bioscience, SA (Spain)
This report segments the Biostimulant market on the basis of active ingredient, mode of application, crop type, form, and region. In terms of information, this research report focuses on different levels of analysis – competitive landscape, end-use analysis, and company profiles – which together understand and discuss basic views on the segments. emerging and high-growth Biostimulants Market, top-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
Reasons to buy this report
• To get a complete overview of the biostimulant market
• To get a wide range of information on the major players in this industry, their product portfolios and the key strategies adopted by them
• To better understand the main countries / regions in which the biostimulant market is flourishing
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