NEW YORK, Nov. 24, 2023 /PRNewswire/ — The biostimulants market size is expected to grow by USD 1.51 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 10.68% during the forecast period, according to Technavio. Increasing demand for biostimulants in the agricultural industry is notably driving the biostimulants market. However, factors such as rise in demand for fertilizers may impede market growth. The market is segmented by Product (Acid-based, Extract-based, and Others), Application (Foliar, Soil, and Seed), Type (Row crops and cereals, Fruits and vegetables, Turfs and ornaments, and Others), and Geography (Europe, APAC, North America, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the biostimulants market, including ADAMA Ltd., Bayer AG, Bioiberica S.A.U., Biolchim Spa, Biostadt India Ltd., Biovert SL, Crop Demetra Ltd., FMC Corp., Haifa Group, Idai Nature S.L, Italpollina Spa, Koppert, Micromix Plant Health Ltd., Novozymes AS, OMEX, RAG Stiftung, SEIPASA SA, SICIT Group Spa, UPL Ltd., and Atlantica Agricola. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report.
Biostimulants Market 2023-2027: Company Analysis
ADAMA Ltd:- The company offers biostimulants such as Brevis.
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Biostimulants Market 2023-2027: Segmentation
Product
- The acid-based segment will be significant during the forecast period. Generally, seaweed extracts and ascophyllum nodosum are some of the most used extract-based biostimulants. These biostimulants improve soil properties, including water retention capability and soil porosity. These biostimulants facilitate microbial activities in the soil, thereby enhancing nutrient uptake and utilization in plants. However, acid-based biostimulants support vegetative growth, early flowering, flower and fruit maturity, and fruit quality. The development of this segment is primarily attributed to the increasing adoption of Biostimulants, which is driven by an increase in the global demand for the Biostimulants Industry.
Geography
- North America will account for 32% of the global market growth. Factors like the presence of leading biostimulant manufacturers further support market growth in the country. Furthermore, the increasing agricultural activities, including soybean, hogweed, wheat, and grapes cultivation, contribute to the rising consumption of biostimulants. Consequently, the biostimulants market in the US is expected to grow during the forecast period.
- Europe, APAC, South America, and Middle East and Africa.
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Biostimulants Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist biostimulants market growth during the next five years
- Estimation of the biostimulants market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the biostimulants market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of biostimulants market companies
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Product
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
