Biostimulants Market by Active Ingredient (Humic Substances, Amino Acids, Seaweed Extracts, and Microbial Amendments), Mode of Application (Foliar, Soil Treatment, and Seed Treatment), Form (Liquid and Dry), Crop Type and Region - Global Forecast to 2027
Biostimulants Market by Active Ingredient (Humic Substances, Amino Acids, Seaweed Extracts, and Microbial Amendments), Mode of Application (Foliar, Soil Treatment, and Seed Treatment), Form (Liquid and Dry), Crop Type and Region - Global Forecast to 2027
Abstract
The global biostimulants market is estimated to be valued at USD 3.5 billion in 2022. It is projected to reach USD 6.2 billion by 2027, recording a CAGR of 11.8 % during the forecast period. The biostimulants market is projected to grow at an exponential rate due to factors such as the rise in demand for sustainable agricultural practices, growing world hunger, favorable government regulations, an increase in demand for high-value crops, and a rise in the number of investments from key players in this market. Biostimulants can be applied in several ways, of which foliar spray is the most widely accepted application mode across the globe. However, nanoencapsulation technology and application advantages associated with seed treatment have been gaining importance in recent times for biostimulants across the globe.
Conventional farming has been heavily criticized for causing biodiversity loss, soil erosion, and increased water pollution due to the rampant usage of synthetic fertilizers and pesticides. Organic farming is widely considered a far more sustainable alternative when it comes to food production. The lack of pesticides and a wider variety of plants enhances biodiversity, improves soil quality, and reduces fertilizer or pesticide run-off pollution. Some major adopters of organic farming include Australia, Argentina, China, and Spain. To produce organic food products, different methods are adopted selection of pest-resistant varieties, suitable rotations, green manure, balanced fertilization, usage of humic-based biostimulants, early planting, mulching, cultural, mechanical & biological control measures, and disturbance in pest life cycles is the basis of pest management programs, which is used in organic farming. Biostimulants find an important usage in organic agriculture revolution.
Key players in the biostimulants market include BASF SE (Germany), UPL (India), Valagro S.p.A (Italy), Gowan Group (US), FMC Corporation (US), ILSA S.p.A (Italy), Rallis India Limited (India), Haifa Group (Israel), Adama Ltd. (Israel), Biovert-Manvert (Spain), Koppert (Netherlands), Trade Corporation International (Spain), and AgriTecno (Spain).
“Europe is estimated to account for the largest share in 2021 with a CAGR of 11.5%.”
According to the European Environment Agency, the agricultural sector occupies a significant share of the land in Europe. Small farms characterize Europe with intensified farming systems and the cultivation of various crops. The strong agricultural sector of the region makes it one of the leading consumers of biostimulants.
The key players in the European biostimulants market include BASF SE (Germany), Valagro S.p.A. (Italy), Biovert S.L (Spain), Koppert Biological Systems (Netherlands), Tradecorp International (Spain), and AgriTecno (Spain). The European markets have a basic or minimal regulatory framework for biostimulant products. Due to this, numerous start-ups are emerging in the market, especially in Spain and Italy. However, according to a primary insight, the region will soon establish a proper regulatory framework to ensure the best products are provided in the markets.
According to many industry experts, adopting biostimulants is quite high in Spain. As a result, the country dominates the European biostimulants market. The country also has many biostimulant manufacturers, including players headquartered in Spain. For instance, Atlantica, Biovert, and Daymsa have headquarters in Spain, whereas Isagro, Valagaro, Tradecorp, and Koppert have a presence through their subsidiaries. On the other hand, the biostimulants market in Germany has high potential as its government is focusing on increasing the organic produce in the country along with increasing the share of organic agricultural area in the total agricultural land.
“Asia Pacific is projected to witness the growth of 12.5% during the forecast period.”
The agriculture industry in Asia, particularly in Southeast Asian countries, has witnessed effective transformation due to various technological advancements. This has resulted in the adoption of intensive agricultural practices and has led to a decrease in the soil's nutrient levels. To revitalize the soil, the use of inoculants and biostimulants has been recommended by the agricultural authorities in various countries of Asia. Biostimulants enhance the physiological activities of the seed for early emergence and optimum crop development at later stages under various climatic and agronomic conditions in the region.
In the coming years, farmers will experience more difficulty in terms of environmental degradation and climatic changes unless they realize the importance of using such products that can significantly contribute to sustainable agriculture practices. The key countries studied in this region include Australia, China, Japan, Indonesia, and India. These countries utilize biostimulants for important agricultural commodities, such as cotton, sugarcane, fruits & vegetables, and cereals.
“Biostimulants are being used to improve yield and quality of fruits and vegetables”
The steady growth of the production of fruits & vegetables is expected to strengthen the demand for biostimulants. In a COVID-19 scenario, agrarian economies, such as India, Bangladesh, and Vietnam, where agriculture accounts for about 12–16% of GDP, have been affected the most. The agricultural commodity markets were stressed by the lag between the trading and physical delivery prices of agricultural produce. To mitigate the risks to agriculture, the governments have launched relief schemes and packages for the benefit of small farmers. With the reopening of many global markets, the sector is rapidly resuming production.
Break-up of Primaries:
By Value Chain: Demand side - 41%, Supply side – 59%
By Designation: Managers – 24%, CXOs – 31%, and Executives- 45.0%
By Region: Europe - 29%, Asia Pacific – 32%, North America - 24%, RoW – 15%
Leading players profiled in this report:
•BASF SE (Germany)
•UPL (India)
•Valagro S.p.A (Italy)
•Gowan Group (US)
•FMC Corporation (US)
•ILSA S.p.A (Italy)
•Rallis India Limited (India)
•Haifa Group (Israel)
•Adama Ltd. (Israel)
•Biovert S.L (Spain)
•Koppert Biological Systems (Netherlands)
•Tradecorp International (Spain)
•AgriTecno (Spain)
•Axeb Biotech SL (Spain)
•MAFA Bioscience, S.A. (Spain)
•LawrieCo (Australia)
•Devi Cropscience (India)
•Bioflora(US)
•AgriCen (US)
•Omnia Specialties Pty (Australia)
•Kelp Products International (South Africa)
•Afrikelp (South Africa)
•AminoCore (Germany)
•Aphea.Bio (Belgium)
•South Agro (Italy)
Research Coverage:
The report segments the biostimulants market based on active ingredients mode of application, formulation, crop type, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the biostimulants market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
•To get a comprehensive overview of the biostimulants market
•To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
•To gain insights about the major countries/regions in which the biostimulants market is flourishing
Content
Table of Contents
1INTRODUCTION35
1.1STUDY OBJECTIVES35
1.1.1MARKET DEFINITION35
1.2MARKET SCOPE36
1.2.1MARKET SEGMENTATION36
FIGURE 1BIOSTIMULANTS MARKET SEGMENTATION36
1.2.2INCLUSIONS & EXCLUSIONS37
TABLE 1BIOSTIMULANTS MARKET: INCLUSIONS & EXCLUSIONS37
1.2.3REGIONS COVERED37
1.3YEARS CONSIDERED38
1.4CURRENCY CONSIDERED38
TABLE 2USD EXCHANGE RATES CONSIDERED, 2017–202139
1.5VOLUME UNITS CONSIDERED39
1.6STAKEHOLDERS40
1.7SUMMARY OF CHANGES40
2RESEARCH METHODOLOGY41
2.1RESEARCH DATA41
FIGURE 2RESEARCH DESIGN41
2.1.1SECONDARY DATA42
2.1.1.1Key data from secondary sources42
2.1.2PRIMARY DATA42
2.1.2.1Key data from primary sources43
2.1.2.2Key industry insights43
2.1.2.3Breakdown of primary interviews44
FIGURE 3BREAKDOWN OF PRIMARY INTERVIEWS44
2.2MARKET SIZE ESTIMATION44
2.2.1MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH45
FIGURE 4BIOSTIMULANTS MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH45
FIGURE 5BIOSTIMULANTS MARKET SIZE ESTIMATION (DEMAND-SIDE)46
2.2.2MARKET SIZE ESTIMATION: TOP-DOWN APPROACH46
FIGURE 6BIOSTIMULANTS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH47
FIGURE 7BIOSTIMULANTS MARKET SIZE ESTIMATION, BY TYPE (SUPPLY-SIDE)47
2.3GROWTH RATE FORECAST ASSUMPTIONS47
2.4DATA TRIANGULATION48
FIGURE 8DATA TRIANGULATION48
2.5RESEARCH ASSUMPTIONS49
TABLE 3RESEARCH ASSUMPTIONS49
2.6LIMITATIONS AND RISK ASSESSMENT50
TABLE 4LIMITATIONS AND RISK ASSESSMENT50
3EXECUTIVE SUMMARY51
TABLE 5BIOSTIMULANTS MARKET SNAPSHOT, 2022 VS. 202752
FIGURE 9BIOSTIMULANTS MARKET, BY CROP TYPE, 2022 VS. 2027 (USD MILLION)53
FIGURE 10BIOSTIMULANTS MARKET, BY TYPE, 2022 VS. 2027 (VALUE)54
FIGURE 11BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2022 VS. 2027 (USD MILLION)54
FIGURE 12BIOSTIMULANTS MARKET: REGIONAL SNAPSHOT55
4PREMIUM INSIGHTS56
4.1OPPORTUNITIES FOR PLAYERS IN BIOSTIMULANTS MARKET56
FIGURE 13EXPANSION IN ORGANIC AGRICULTURE LAND AND INCREASE IN CROP PRODUCTION56
4.2BIOSTIMULANTS MARKET, BY CROP TYPE AND REGION57
FIGURE 14EUROPE TO ACCOUNT FOR LARGEST SHARE BY 202757
4.3EUROPE: BIOSTIMULANTS MARKET, BY KEY COUNTRY AND TYPE58
FIGURE 15SPAIN TO LEAD BIOSTIMULANTS MARKET IN 202158
4.4BIOSTIMULANTS MARKET: MAJOR REGIONAL SUBMARKETS59
FIGURE 16ASIAN COUNTRIES TO WITNESS HIGH GROWTH DURING FORECAST PERIOD59
5MARKET OVERVIEW60
5.1INTRODUCTION60
5.2MACROECONOMIC INDICATORS60
5.2.1GROWTH IN DEMAND FOR ORGANIC FOOD60
FIGURE 17TOP TEN COUNTRIES WITH SIGNIFICANT INCREASE IN ORGANIC FARMING LAND, 2019 (HECTARE)61
FIGURE 18GLOBAL ORGANIC AGRICULTURE, BY REGION, 201961
5.2.2DAMAGE AND LOSS OF AGRICULTURAL LAND62
FIGURE 19ARABLE LAND AREA PER CAPITA, 1960–2050 (HECTARE)62
5.3MARKET DYNAMICS63
FIGURE 20BIOSTIMULANTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES63
5.3.1DRIVERS63
5.3.1.1Increasing need for sustainable agriculture63
TABLE 6SUSTAINABILITY INVESTMENTS BY KEY AGRICULTURE COMPANIES64
5.3.1.2Easy availability of seaweed as raw materials64
FIGURE 21SEAWEED PRODUCTION, BY KEY COUNTRY, 2000 VS. 2018 (MILLION TONS)64
5.3.1.3Strong demand for high-value crops65
FIGURE 22GLOBAL PRODUCTION OF FRUITS AND VEGETABLES, 2015–2019 (MILLION TONS)65
5.3.2RESTRAINTS66
5.3.2.1Commercialization of low-quality biostimulant products66
5.3.3OPPORTUNITIES66
5.3.3.1Technological advancements in production of biostimulants66
5.3.3.2Significant developments in seed treatment67
5.3.4CHALLENGES67
5.3.4.1Uncertainty in global biostimulant regulatory framework67
6INDUSTRY TRENDS69
6.1INTRODUCTION69
6.2REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS69
TABLE 7NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS69
TABLE 8EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS70
TABLE 9ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 10SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 11MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
6.3REGULATORY FRAMEWORK72
6.3.1NORTH AMERICA73
6.3.1.1US73
6.3.1.2Mexico73
6.3.1.3Canada73
6.3.2EUROPE75
6.3.2.1Austria76
6.3.2.2France76
6.3.2.3Germany76
6.3.2.4Italy77
6.3.2.5Ireland77
6.3.2.6Spain77
6.3.2.7UK77
6.3.3ASIA PACIFIC77
6.3.3.1India77
6.3.3.2China78
6.3.3.3Australia78
6.3.4SOUTH AMERICA81
6.3.4.1Brazil81
6.3.4.2Chile82
6.3.5SOUTH AFRICA82
6.3.6MIDDLE EAST82
6.3.6.1Egypt82
6.3.6.2UAE82
6.4PATENT ANALYSIS83
FIGURE 23NUMBER OF PATENTS APPROVED BETWEEN 2011 AND 202183
FIGURE 24REGIONS WITH HIGHEST NUMBER OF PATENT APPROVALS, 2016–202284
TABLE 12LIST OF MAJOR PATENTS, 2012–202184
6.5VALUE CHAIN ANALYSIS85
FIGURE 25VALUE CHAIN ANALYSIS OF BIOSTIMULANTS MARKET: R&D AND PRODUCTION KEY CONTRIBUTORS85
6.5.1RESEARCH & PRODUCT DEVELOPMENT86
6.5.2RAW MATERIAL SOURCING86
6.5.3MANUFACTURING & PRODUCTION86
6.5.4PACKAGING, STORAGE, AND DISTRIBUTION86
6.6TRENDS/DISRUPTIONS IMPACTING BUYERS86
FIGURE 26NITROGEN-FIXING BIOSTIMULANTS AND NANOTECHNOLOGY TO BE HOT BETS87
6.7ECOSYSTEM ANALYSIS87
FIGURE 27ECOSYSTEM MAPPING88
FIGURE 28MARKET MAPPING88
6.8TRADE ANALYSIS89
TABLE 13EXPORT VALUE OF SEAWEEDS AND OTHER ALGAE BIOSTIMULANTS, BY KEY COUNTRY, 2021 (USD)89
TABLE 14IMPORT VALUE OF SEAWEEDS AND OTHER ALGAE BIOSTIMULANTS, BY KEY COUNTRY, 2021 (USD)90
TABLE 15IMPORT VALUE OF AMINO ACIDS AND THEIR ESTERS, BY KEY COUNTRY, 2021 (USD)91
TABLE 16EXPORT VALUE OF AMINO ACIDS AND THEIR ESTERS, BY KEY COUNTRY, 2021 (USD)92
6.9PRICING ANALYSIS93
6.9.1INTRODUCTION93
6.9.2AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT (KEY PLAYERS)94
FIGURE 29AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT (KEY PLAYERS) (USD/KG)94
TABLE 17AVERAGE SELLING PRICES FOR KEY PLAYERS, BY ACTIVE INGREDIENT (USD/KG)94
FIGURE 30AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT, 2017–2021 (USD/KG)95
FIGURE 31AVERAGE SELLING PRICE, BY REGION, 2017–2021 (USD/KG)95
6.10TECHNOLOGY ANALYSIS95
6.10.1NANOENCAPSULATION TECHNOLOGY96
6.10.2GENETIC ENGINEERING96
6.11CASE STUDY ANALYSIS96
6.11.1CASE STUDY 1: BRIDGEWAY BIOSTIMULANT HELPED TREAT CLUBROOT CHALLENGE IN VEGETABLE CROPS96
6.11.2CASE STUDY 2: BIOSTIMULANTS HELPED POTATO CROPS COPE WITH ENVIRONMENTAL STRESS97
6.12KEY CONFERENCES AND EVENTS, 2022–202397
TABLE 18BIOSTIMULANTS MARKET: LIST OF CONFERENCES AND EVENTS, 2022–202397
6.13PORTER’S FIVE FORCES ANALYSIS98
TABLE 19PORTER’S FIVE FORCES ANALYSIS98
6.13.1DEGREE OF COMPETITION99
6.13.2THREAT FROM NEW ENTRANTS99
6.13.3THREAT OF SUBSTITUTES100
6.13.4BARGAINING POWER OF SUPPLIERS100
6.13.5BARGAINING POWER OF BUYERS100
6.14KEY STAKEHOLDERS AND BUYING CRITERIA101
6.14.1KEY STAKEHOLDERS IN BUYING PROCESS101
FIGURE 32INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE MODES OF APPLICATION101
TABLE 20INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE MODES OF APPLICATION101
6.14.2BUYING CRITERIA102
FIGURE 33KEY BUYING CRITERIA FOR TOP THREE MODES OF APPLICATION102
TABLE 21KEY BUYING CRITERIA FOR TOP THREE MODES OF APPLICATION102
7BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT103
7.1INTRODUCTION104
FIGURE 34BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022 VS. 2027 (USD MILLION)104
TABLE 22BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)105
TABLE 23BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)105
TABLE 24BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)105
TABLE 25BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)106
7.2HUMIC SUBSTANCES106
7.2.1RISING NEED TO REINFORCE NUTRITION UPTAKE AND ROOT ELONGATION106
TABLE 26HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)107
TABLE 27HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)107
TABLE 28HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)107
TABLE 29HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)108
TABLE 30HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)108
TABLE 31HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)108
7.3SEAWEED EXTRACTS109
7.3.1RISING AWARENESS REGARDING BENEFITS OF SEAWEED EXTRACTS109
TABLE 32SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)110
TABLE 33SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)111
TABLE 34SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)111
TABLE 35SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)111
7.4AMINO ACIDS112
7.4.1GROWING AWARENESS REGARDING ROLE OF AMINO ACIDS IN PLANT GROWTH112
TABLE 36AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)112
TABLE 37AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)113
TABLE 38AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)113
TABLE 39AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)113
7.5MICROBIAL AMENDMENTS114
7.5.1STIMULATING PROPERTIES OF MICROBES INCREASE PLANT NUTRIENT UPTAKE114
FIGURE 35GLOBAL CULTURE COLLECTIONS, 2020114
7.5.1.1Bacterial biostimulants114
7.5.1.2Fungal biostimulants115
TABLE 40MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)115
TABLE 41MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)115
TABLE 42MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)116
TABLE 43MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)116
7.6OTHER ACTIVE INGREDIENTS116
TABLE 44OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)117
TABLE 45OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)117
TABLE 46OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)117
TABLE 47OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)118
8BIOSTIMULANTS MARKET, BY MODE OF APPLICATION119
8.1INTRODUCTION120
FIGURE 36BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2022 VS. 2027 (USD MILLION)120
TABLE 48BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2017–2021 (USD MILLION)121
TABLE 49BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2022–2027 (USD MILLION)121
8.2SEED TREATMENT121
8.2.1RISING NEED TO STIMULATE SEEDLING DEVELOPMENT AND ACTIVATE SOIL MICROFLORA121
TABLE 50SEED TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)122
TABLE 51SEED TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)122
8.3SOIL TREATMENT123
8.3.1LOW APPLICATION COST ASSOCIATED WITH SOIL TREATMENT OF BIOSTIMULANTS123
TABLE 52SOIL TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)123
TABLE 53SOIL TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)124
8.4FOLIAR SPRAY124
8.4.1STRONG DEMAND TO MAXIMIZE PRODUCTIVITY USING FOLIAR SPRAYS124
TABLE 54FOLIAR SPRAY: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)124
TABLE 55FOLIAR SPRAY: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)125
9BIOSTIMULANTS MARKET, BY FORMULATION126
9.1INTRODUCTION127
FIGURE 37BIOSTIMULANTS MARKET, BY FORMULATION, 2022 VS. 2027 (USD MILLION)127
TABLE 56BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)127
TABLE 57BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)128
9.2LIQUID128
9.2.1INCREASED AWARENESS REGARDING BENEFITS OF LIQUID FORMULATIONS128
TABLE 58LIQUID: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)129
TABLE 59LIQUID: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)129
9.3DRY130
9.3.1REDUCED RISK OF CONTAMINATION IN DRY APPLICATION OF BIOSTIMULANTS130
TABLE 60DRY: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)130
TABLE 61DRY: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)131
10BIOSTIMULANTS MARKET, BY CROP TYPE132
10.1INTRODUCTION133
FIGURE 38BIOSTIMULANTS MARKET, BY CROP TYPE, 2022 VS. 2027 (USD MILLION)133
TABLE 62BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)133
TABLE 63BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)134
10.2CEREALS & GRAINS134
10.2.1RISE IN POPULATION AND INCREASING FOOD DEMAND134
TABLE 64CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)134
TABLE 65CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)135
TABLE 66CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)135
TABLE 67CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)135
10.2.2CORN136
10.2.2.1Growing need to increase corn yield for human and animal consumption136
10.2.3WHEAT136
10.2.3.1Growing use of biostimulants to enhance stress tolerance in plants136
10.2.4RICE136
10.2.4.1Rising demand for rice as staple diet136
10.2.5OTHER CEREALS & GRAINS136
10.3OILSEEDS & PULSES137
10.3.1RISING NEED TO INCREASE PLANT TOLERANCE TO ABIOTIC STRESS137
TABLE 68OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)137
TABLE 69OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)138
TABLE 70OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)138
TABLE 71OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)138
10.3.2SOYBEAN139
10.3.2.1High industrial applications of soybean139
10.3.3SUNFLOWER139
10.3.3.1Growing demand to improve vegetative and reproductive growth of sunflowers139
10.3.4OTHER OILSEEDS & PULSES139
10.4FRUITS & VEGETABLES140
10.4.1INCREASED GLOBAL CONSUMPTION OF FRUITS AND VEGETABLES140
TABLE 72FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)141
TABLE 73FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)141
TABLE 74FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)141
TABLE 75FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)142
10.4.2POME FRUITS142
10.4.2.1Rising need to improve balance intake of key nutrients142
10.4.3CITRUS FRUITS143
10.4.3.1Increased scope of citrus fruits in food and non-food applications143
10.4.4BERRIES143
10.4.4.1Biostimulants to promote harmonious growth in berries143
10.4.5ROOT & TUBER VEGETABLES143
10.4.5.1Rising demand for high yield of potato varieties143
10.4.6LEAFY VEGETABLES144
10.4.6.1Rising shift in consumer preference toward healthy foods144
10.4.7OTHER FRUITS & VEGETABLES144
10.4.8OTHER CROP TYPES144
TABLE 76OTHER CROP TYPES: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)145
TABLE 77OTHER CROP TYPES: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)145
11BIOSTIMULANTS MARKET, BY REGION146
11.1INTRODUCTION147
FIGURE 39IMPACT OF CLIMATE CHANGE ON CROP PRODUCTION, BY CROP TYPE, 2019 (MILLION TONS/YEAR)147
FIGURE 40INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD148
TABLE 78BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)148
TABLE 79BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)149
TABLE 80BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)149
TABLE 81BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)149
11.2NORTH AMERICA150
TABLE 82NORTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)150
TABLE 83NORTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)151
TABLE 84NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)151
TABLE 85NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)151
TABLE 86NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)152
TABLE 87NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)152
TABLE 88NORTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2017–2021 (USD MILLION)152
TABLE 89NORTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2022–2027 (USD MILLION)153
TABLE 90NORTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)153
TABLE 91NORTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)153
TABLE 92NORTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)154
TABLE 93NORTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)154
11.2.1US154
11.2.1.1Adoption of biostimulants to strengthen crop vigor154
FIGURE 41ORGANIC FOOD MARKET FOR KEY COUNTRIES, 2020 (USD BILLION)155
TABLE 94US: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)155
TABLE 95US: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)156
11.2.2CANADA156
11.2.2.1Rising need to mitigate abiotic stress in crops due to climatic changes156
TABLE 96CANADA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)157
TABLE 97CANADA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)157
11.2.3MEXICO157
11.2.3.1Steady growth of agricultural industry157
TABLE 98MEXICO: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)158
TABLE 99MEXICO: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)158
11.3EUROPE159
FIGURE 42EUROPE: MARKET SNAPSHOT160
TABLE 100EUROPE: BIOSTIMULANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)161
TABLE 101EUROPE: BIOSTIMULANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)161
TABLE 102EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)161
TABLE 103EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)162
TABLE 104EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)162
TABLE 105EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)162
TABLE 106EUROPE: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2017–2021 (USD MILLION)163
TABLE 107EUROPE: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2022–2027 (USD MILLION)163
TABLE 108EUROPE: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)163
TABLE 109EUROPE: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)164
TABLE 110EUROPE: BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)164
TABLE 111EUROPE: BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)164
11.3.1SPAIN165
11.3.1.1Increasing trade of fruit and vegetable crops165
FIGURE 43AGRICULTURAL OUTPUT IN SPAIN, 2018–2020 (USD MILLION)165
TABLE 112SPAIN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)166
TABLE 113SPAIN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)166
11.3.2ITALY166
11.3.2.1Use of biostimulants for conventional and organic farming166
TABLE 114ITALY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)167
TABLE 115ITALY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)167
11.3.3FRANCE167
11.3.3.1Rising need to prevent soil desertification167
TABLE 116FRANCE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)168
TABLE 117FRANCE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)168
11.3.4GERMANY169
11.3.4.1High growth in trade and production of organic crops169
TABLE 118GERMANY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)169
TABLE 119GERMANY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)169
11.3.5UK170
11.3.5.1Government regulations to support use of biostimulants170
FIGURE 44VEGETABLE PRODUCTION TRENDS IN UK, 2015–2018 (MILLION TONS)170
TABLE 120UK: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)171
TABLE 121UK: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)171
11.3.6RUSSIA171
11.3.6.1Underdeveloped agricultural sector to incorporate modern sustainable farming methods171
TABLE 122RUSSIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)172
TABLE 123RUSSIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)172
11.3.7REST OF EUROPE172
TABLE 124REST OF EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)173
TABLE 125REST OF EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)173
11.4ASIA PACIFIC174
FIGURE 45AGRICULTURAL PRODUCTION IN ASIA, BY CROP TYPE, 2017–2019 (MILLION TONS)174
FIGURE 46ASIA PACIFIC: MARKET SNAPSHOT175
TABLE 126ASIA PACIFIC: BIOSTIMULANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)176
TABLE 127ASIA PACIFIC: BIOSTIMULANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)176
TABLE 128ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)176
TABLE 129ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)177
TABLE 130ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)177
TABLE 131ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)177
TABLE 132ASIA PACIFIC: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2017–2021 (USD MILLION)178
TABLE 133ASIA PACIFIC: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2022–2027 (USD MILLION)178
TABLE 134ASIA PACIFIC: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)178
TABLE 135ASIA PACIFIC: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)179
TABLE 136ASIA PACIFIC: BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)179
TABLE 137ASIA PACIFIC: BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)179
11.4.1CHINA180
11.4.1.1Growing need to meet export quality norms180
FIGURE 47COMMODITY EXPORTS FROM CHINA, 2016–2020 (USD MILLION)180
TABLE 138CHINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)181
TABLE 139CHINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)181
11.4.2JAPAN181
11.4.2.1Adoption of sustainable methods of agriculture181
TABLE 140JAPAN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)182
TABLE 141JAPAN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)182
11.4.3INDIA183
11.4.3.1Reduction in arable land and rising demand for high-yielding technologies183
TABLE 142INDIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)183
TABLE 143INDIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)184
11.4.4INDONESIA184
11.4.4.1Government initiatives to minimize synthetic agrochemicals184
FIGURE 48ORGANIC PACKAGED FOOD AND BEVERAGE CONSUMPTION IN INDONESIA, 2016–2020 (USD MILLION)184
TABLE 144INDONESIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)185
TABLE 145INDONESIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)185
11.4.5AUSTRALIA185
11.4.5.1Increasing awareness regarding organic food products185
TABLE 146AUSTRALIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)186
TABLE 147AUSTRALIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)186
11.4.6REST OF ASIA PACIFIC187
TABLE 148REST OF ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)187
TABLE 149REST OF ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)187
11.5SOUTH AMERICA188
TABLE 150SOUTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)188
TABLE 151SOUTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)189
TABLE 152SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)189
TABLE 153SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)189
TABLE 154SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)190
TABLE 155SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)190
TABLE 156SOUTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2017–2021 (USD MILLION)190
TABLE 157SOUTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2022–2027 (USD MILLION)191
TABLE 158SOUTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)191
TABLE 159SOUTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)191
TABLE 160SOUTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)192
TABLE 161SOUTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)192
11.5.1BRAZIL192
11.5.1.1Ease of use of biostimulants to drive confidence among farmers192
FIGURE 49PACKAGED ORGANIC FOOD CONSUMPTION IN BRAZIL, 2016–2020 (USD MILLION)193
TABLE 162BRAZIL: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)193
TABLE 163BRAZIL: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)194
11.5.2ARGENTINA194
11.5.2.1Growth in export of quality crops194
TABLE 164ARGENTINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)194
TABLE 165ARGENTINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)195
11.5.3REST OF SOUTH AMERICA195
TABLE 166REST OF SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)195
TABLE 167REST OF SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)196
11.6REST OF THE WORLD196
TABLE 168ROW: BIOSTIMULANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)196
TABLE 169ROW: BIOSTIMULANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)197
TABLE 170ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)197
TABLE 171ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)197
TABLE 172ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)198
TABLE 173ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)198
TABLE 174ROW: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2017–2021 (USD MILLION)198
TABLE 175ROW: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2022–2027 (USD MILLION)199
TABLE 176ROW: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)199
TABLE 177ROW: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)199
TABLE 178ROW: BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)199
TABLE 179ROW: BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)200
11.6.1AFRICA200
11.6.1.1Growing need to develop heat-resilient crops for high output200
TABLE 180AFRICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)200
TABLE 181AFRICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)201
11.6.2MIDDLE EAST201
11.6.2.1Increase in domestic consumption of crops201
TABLE 182MIDDLE EAST: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)202
TABLE 183MIDDLE EAST: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)202
12COMPETITIVE LANDSCAPE203
12.1OVERVIEW203
12.2KEY PLAYER STRATEGIES204
12.3SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS205
FIGURE 50SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2017–2021 (USD BILLION)205
12.4MARKET SHARE ANALYSIS206
TABLE 184BIOSTIMULANTS MARKET: DEGREE OF COMPETITION (COMPETITIVE), 2021206
12.5KEY PLAYER EVALUATION QUADRANT (KEY PLAYERS)207
12.5.1STARS207
12.5.2EMERGING LEADERS207
12.5.3PERVASIVE PLAYERS207
12.5.4PARTICIPANTS208
FIGURE 51BIOSTIMULANTS MARKET: COMPANY EVALUATION QUADRANT (KEY PLAYERS), 2021208
12.6PRODUCT FOOTPRINT209
TABLE 185COMPANY FOOTPRINT, BY CROP TYPE209
TABLE 186COMPANY FOOTPRINT, BY FORMULATION TYPE210
TABLE 187COMPANY FOOTPRINT, BY REGION211
TABLE 188OVERALL COMPANY FOOTPRINT212
12.7COMPETITIVE LEADERSHIP MAPPING (STARTUPS/SMES)213
12.7.1PROGRESSIVE COMPANIES213
12.7.2STARTING BLOCKS213
12.7.3RESPONSIVE COMPANIES213
12.7.4DYNAMIC COMPANIES213
FIGURE 52BIOSTIMULANTS MARKET: COMPANY EVALUATION QUADRANT (STARTUPS/SMES), 2021214
12.8COMPETITIVE BENCHMARKING215
TABLE 189DETAILED LIST OF KEY STARTUPS/SMES215
TABLE 190COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES216
12.9COMPETITIVE SCENARIO217
12.9.1PRODUCT LAUNCHES217
TABLE 191PRODUCT LAUNCHES, 2017–2022217
12.9.2DEALS219
TABLE 192DEALS, 2017–2022219
12.9.3OTHERS223
TABLE 193OTHERS, 2017–2022223
13COMPANY PROFILES224
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
13.1KEY PLAYERS224
13.1.1BASF SE224
TABLE 194BASF SE: BUSINESS OVERVIEW224
FIGURE 53BASF SE: COMPANY SNAPSHOT225
TABLE 195BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED225
TABLE 196BASF SE: DEALS226
13.1.2UPL228
TABLE 197UPL: BUSINESS OVERVIEW228
FIGURE 54UPL: COMPANY SNAPSHOT229
TABLE 198UPL: PRODUCTS/SOLUTIONS/SERVICES OFFERED229
TABLE 199UPL: PRODUCT LAUNCHES232
TABLE 200UPL: DEALS233
13.1.3FMC CORPORATION235
TABLE 201FMC CORPORATION: BUSINESS OVERVIEW235
FIGURE 55FMC CORPORATION: COMPANY SNAPSHOT236
TABLE 202FMC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED236
TABLE 203FMC CORPORATION: OTHERS237
13.1.4RALLIS INDIA LIMITED238
TABLE 204RALLIS INDIA LIMITED: BUSINESS OVERVIEW238
FIGURE 56RALLIS INDIA LIMITED: COMPANY SNAPSHOT239
TABLE 205RALLIS INDIA LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED239
13.1.5ADAMA241
TABLE 206ADAMA: BUSINESS OVERVIEW241
FIGURE 57ADAMA: COMPANY SNAPSHOT242
TABLE 207ADAMA: PRODUCTS/SOLUTIONS/SERVICES OFFERED242
TABLE 208ADAMA: DEALS243
13.1.6VALAGRO244
TABLE 209VALAGRO: BUSINESS OVERVIEW244
TABLE 210VALAGRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED244
TABLE 211VALAGRO: PRODUCT LAUNCHES246
TABLE 212VALAGRO: DEALS246
TABLE 213VALAGRO: OTHERS247
13.1.7GOWAN COMPANY248
TABLE 214GOWAN COMPANY: BUSINESS OVERVIEW248
TABLE 215GOWAN COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED248
TABLE 216GOWAN COMPANY: DEALS249
13.1.8ILSA S.P.A.250
TABLE 217ILSA S.P.A.: BUSINESS OVERVIEW250
TABLE 218ILSA S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED250
13.1.9HAIFA GROUP254
TABLE 219HAIFA GROUP: BUSINESS OVERVIEW254
TABLE 220HAIFA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED254
TABLE 221HAIFA GROUP: PRODUCT LAUNCHES255
TABLE 222HAIFA GROUP: DEALS256
TABLE 223HAIFA GROUP: OTHERS256
13.1.10BIOVERT S.L.257
TABLE 224BIOVERT S.L.: BUSINESS OVERVIEW257
TABLE 225BIOVERT S.L.: PRODUCTS/SOLUTIONS/SERVICES OFFERED257
TABLE 226BIOVERT S.L.: PRODUCT LAUNCHES259
13.1.11KOPPERT260
TABLE 227KOPPERT: BUSINESS OVERVIEW260
TABLE 228KOPPERT: PRODUCTS/SOLUTIONS/SERVICES OFFERED260
13.1.12TRADE CORPORATION INTERNATIONAL261
TABLE 229TRADE CORPORATION INTERNATIONAL: BUSINESS OVERVIEW261
TABLE 230TRADE CORPORATION INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED261
TABLE 231TRADE CORPORATION INTERNATIONAL: DEALS262
TABLE 232TRADE CORPORATION INTERNATIONAL: OTHERS263
13.1.13AGRITECNO264
TABLE 233AGRITECNO: BUSINESS OVERVIEW264
TABLE 234AGRITECNO: PRODUCTS/SOLUTIONS/SERVICES OFFERED264
13.1.14AXEB BIOTECH SL266
TABLE 235AXEB BIOTECH SL: BUSINESS OVERVIEW266
TABLE 236AXEB BIOTECH SL: PRODUCTS/SOLUTIONS/SERVICES OFFERED266
13.1.15MAFA BIOSCIENCE267
TABLE 237MAFA BIOSCIENCE: BUSINESS OVERVIEW267
13.2STARTUPS/SMES269
13.2.1LAWRIECO269
TABLE 238LAWRIECO: BUSINESS OVERVIEW269
13.2.2DEVI CROPSCIENCE27
Conventional farming has been heavily criticized for causing biodiversity loss, soil erosion, and increased water pollution due to the rampant usage of synthetic fertilizers and pesticides. Organic farming is widely considered a far more sustainable alternative when it comes to food production. The lack of pesticides and a wider variety of plants enhances biodiversity, improves soil quality, and reduces fertilizer or pesticide run-off pollution. Some major adopters of organic farming include Australia, Argentina, China, and Spain. To produce organic food products, different methods are adopted selection of pest-resistant varieties, suitable rotations, green manure, balanced fertilization, usage of humic-based biostimulants, early planting, mulching, cultural, mechanical & biological control measures, and disturbance in pest life cycles is the basis of pest management programs, which is used in organic farming. Biostimulants find an important usage in organic agriculture revolution.
Key players in the biostimulants market include BASF SE (Germany), UPL (India), Valagro S.p.A (Italy), Gowan Group (US), FMC Corporation (US), ILSA S.p.A (Italy), Rallis India Limited (India), Haifa Group (Israel), Adama Ltd. (Israel), Biovert-Manvert (Spain), Koppert (Netherlands), Trade Corporation International (Spain), and AgriTecno (Spain).
“Europe is estimated to account for the largest share in 2021 with a CAGR of 11.5%.”
According to the European Environment Agency, the agricultural sector occupies a significant share of the land in Europe. Small farms characterize Europe with intensified farming systems and the cultivation of various crops. The strong agricultural sector of the region makes it one of the leading consumers of biostimulants.
The key players in the European biostimulants market include BASF SE (Germany), Valagro S.p.A. (Italy), Biovert S.L (Spain), Koppert Biological Systems (Netherlands), Tradecorp International (Spain), and AgriTecno (Spain). The European markets have a basic or minimal regulatory framework for biostimulant products. Due to this, numerous start-ups are emerging in the market, especially in Spain and Italy. However, according to a primary insight, the region will soon establish a proper regulatory framework to ensure the best products are provided in the markets.
According to many industry experts, adopting biostimulants is quite high in Spain. As a result, the country dominates the European biostimulants market. The country also has many biostimulant manufacturers, including players headquartered in Spain. For instance, Atlantica, Biovert, and Daymsa have headquarters in Spain, whereas Isagro, Valagaro, Tradecorp, and Koppert have a presence through their subsidiaries. On the other hand, the biostimulants market in Germany has high potential as its government is focusing on increasing the organic produce in the country along with increasing the share of organic agricultural area in the total agricultural land.
“Asia Pacific is projected to witness the growth of 12.5% during the forecast period.”
The agriculture industry in Asia, particularly in Southeast Asian countries, has witnessed effective transformation due to various technological advancements. This has resulted in the adoption of intensive agricultural practices and has led to a decrease in the soil's nutrient levels. To revitalize the soil, the use of inoculants and biostimulants has been recommended by the agricultural authorities in various countries of Asia. Biostimulants enhance the physiological activities of the seed for early emergence and optimum crop development at later stages under various climatic and agronomic conditions in the region.
In the coming years, farmers will experience more difficulty in terms of environmental degradation and climatic changes unless they realize the importance of using such products that can significantly contribute to sustainable agriculture practices. The key countries studied in this region include Australia, China, Japan, Indonesia, and India. These countries utilize biostimulants for important agricultural commodities, such as cotton, sugarcane, fruits & vegetables, and cereals.
“Biostimulants are being used to improve yield and quality of fruits and vegetables”
The steady growth of the production of fruits & vegetables is expected to strengthen the demand for biostimulants. In a COVID-19 scenario, agrarian economies, such as India, Bangladesh, and Vietnam, where agriculture accounts for about 12–16% of GDP, have been affected the most. The agricultural commodity markets were stressed by the lag between the trading and physical delivery prices of agricultural produce. To mitigate the risks to agriculture, the governments have launched relief schemes and packages for the benefit of small farmers. With the reopening of many global markets, the sector is rapidly resuming production.
Break-up of Primaries:
By Value Chain: Demand side - 41%, Supply side – 59%
By Designation: Managers – 24%, CXOs – 31%, and Executives- 45.0%
By Region: Europe - 29%, Asia Pacific – 32%, North America - 24%, RoW – 15%
Leading players profiled in this report:
•BASF SE (Germany)
•UPL (India)
•Valagro S.p.A (Italy)
•Gowan Group (US)
•FMC Corporation (US)
•ILSA S.p.A (Italy)
•Rallis India Limited (India)
•Haifa Group (Israel)
•Adama Ltd. (Israel)
•Biovert S.L (Spain)
•Koppert Biological Systems (Netherlands)
•Tradecorp International (Spain)
•AgriTecno (Spain)
•Axeb Biotech SL (Spain)
•MAFA Bioscience, S.A. (Spain)
•LawrieCo (Australia)
•Devi Cropscience (India)
•Bioflora(US)
•AgriCen (US)
•Omnia Specialties Pty (Australia)
•Kelp Products International (South Africa)
•Afrikelp (South Africa)
•AminoCore (Germany)
•Aphea.Bio (Belgium)
•South Agro (Italy)
Research Coverage:
The report segments the biostimulants market based on active ingredients mode of application, formulation, crop type, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the biostimulants market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
•To get a comprehensive overview of the biostimulants market
•To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
•To gain insights about the major countries/regions in which the biostimulants market is flourishing
1INTRODUCTION35
1.1STUDY OBJECTIVES35
1.1.1MARKET DEFINITION35
1.2MARKET SCOPE36
1.2.1MARKET SEGMENTATION36
FIGURE 1BIOSTIMULANTS MARKET SEGMENTATION36
1.2.2INCLUSIONS & EXCLUSIONS37
TABLE 1BIOSTIMULANTS MARKET: INCLUSIONS & EXCLUSIONS37
1.2.3REGIONS COVERED37
1.3YEARS CONSIDERED38
1.4CURRENCY CONSIDERED38
TABLE 2USD EXCHANGE RATES CONSIDERED, 2017–202139
1.5VOLUME UNITS CONSIDERED39
1.6STAKEHOLDERS40
1.7SUMMARY OF CHANGES40
2RESEARCH METHODOLOGY41
2.1RESEARCH DATA41
FIGURE 2RESEARCH DESIGN41
2.1.1SECONDARY DATA42
2.1.1.1Key data from secondary sources42
2.1.2PRIMARY DATA42
2.1.2.1Key data from primary sources43
2.1.2.2Key industry insights43
2.1.2.3Breakdown of primary interviews44
FIGURE 3BREAKDOWN OF PRIMARY INTERVIEWS44
2.2MARKET SIZE ESTIMATION44
2.2.1MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH45
FIGURE 4BIOSTIMULANTS MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH45
FIGURE 5BIOSTIMULANTS MARKET SIZE ESTIMATION (DEMAND-SIDE)46
2.2.2MARKET SIZE ESTIMATION: TOP-DOWN APPROACH46
FIGURE 6BIOSTIMULANTS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH47
FIGURE 7BIOSTIMULANTS MARKET SIZE ESTIMATION, BY TYPE (SUPPLY-SIDE)47
2.3GROWTH RATE FORECAST ASSUMPTIONS47
2.4DATA TRIANGULATION48
FIGURE 8DATA TRIANGULATION48
2.5RESEARCH ASSUMPTIONS49
TABLE 3RESEARCH ASSUMPTIONS49
2.6LIMITATIONS AND RISK ASSESSMENT50
TABLE 4LIMITATIONS AND RISK ASSESSMENT50
3EXECUTIVE SUMMARY51
TABLE 5BIOSTIMULANTS MARKET SNAPSHOT, 2022 VS. 202752
FIGURE 9BIOSTIMULANTS MARKET, BY CROP TYPE, 2022 VS. 2027 (USD MILLION)53
FIGURE 10BIOSTIMULANTS MARKET, BY TYPE, 2022 VS. 2027 (VALUE)54
FIGURE 11BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2022 VS. 2027 (USD MILLION)54
FIGURE 12BIOSTIMULANTS MARKET: REGIONAL SNAPSHOT55
4PREMIUM INSIGHTS56
4.1OPPORTUNITIES FOR PLAYERS IN BIOSTIMULANTS MARKET56
FIGURE 13EXPANSION IN ORGANIC AGRICULTURE LAND AND INCREASE IN CROP PRODUCTION56
4.2BIOSTIMULANTS MARKET, BY CROP TYPE AND REGION57
FIGURE 14EUROPE TO ACCOUNT FOR LARGEST SHARE BY 202757
4.3EUROPE: BIOSTIMULANTS MARKET, BY KEY COUNTRY AND TYPE58
FIGURE 15SPAIN TO LEAD BIOSTIMULANTS MARKET IN 202158
4.4BIOSTIMULANTS MARKET: MAJOR REGIONAL SUBMARKETS59
FIGURE 16ASIAN COUNTRIES TO WITNESS HIGH GROWTH DURING FORECAST PERIOD59
5MARKET OVERVIEW60
5.1INTRODUCTION60
5.2MACROECONOMIC INDICATORS60
5.2.1GROWTH IN DEMAND FOR ORGANIC FOOD60
FIGURE 17TOP TEN COUNTRIES WITH SIGNIFICANT INCREASE IN ORGANIC FARMING LAND, 2019 (HECTARE)61
FIGURE 18GLOBAL ORGANIC AGRICULTURE, BY REGION, 201961
5.2.2DAMAGE AND LOSS OF AGRICULTURAL LAND62
FIGURE 19ARABLE LAND AREA PER CAPITA, 1960–2050 (HECTARE)62
5.3MARKET DYNAMICS63
FIGURE 20BIOSTIMULANTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES63
5.3.1DRIVERS63
5.3.1.1Increasing need for sustainable agriculture63
TABLE 6SUSTAINABILITY INVESTMENTS BY KEY AGRICULTURE COMPANIES64
5.3.1.2Easy availability of seaweed as raw materials64
FIGURE 21SEAWEED PRODUCTION, BY KEY COUNTRY, 2000 VS. 2018 (MILLION TONS)64
5.3.1.3Strong demand for high-value crops65
FIGURE 22GLOBAL PRODUCTION OF FRUITS AND VEGETABLES, 2015–2019 (MILLION TONS)65
5.3.2RESTRAINTS66
5.3.2.1Commercialization of low-quality biostimulant products66
5.3.3OPPORTUNITIES66
5.3.3.1Technological advancements in production of biostimulants66
5.3.3.2Significant developments in seed treatment67
5.3.4CHALLENGES67
5.3.4.1Uncertainty in global biostimulant regulatory framework67
6INDUSTRY TRENDS69
6.1INTRODUCTION69
6.2REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS69
TABLE 7NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS69
TABLE 8EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS70
TABLE 9ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 10SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 11MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
6.3REGULATORY FRAMEWORK72
6.3.1NORTH AMERICA73
6.3.1.1US73
6.3.1.2Mexico73
6.3.1.3Canada73
6.3.2EUROPE75
6.3.2.1Austria76
6.3.2.2France76
6.3.2.3Germany76
6.3.2.4Italy77
6.3.2.5Ireland77
6.3.2.6Spain77
6.3.2.7UK77
6.3.3ASIA PACIFIC77
6.3.3.1India77
6.3.3.2China78
6.3.3.3Australia78
6.3.4SOUTH AMERICA81
6.3.4.1Brazil81
6.3.4.2Chile82
6.3.5SOUTH AFRICA82
6.3.6MIDDLE EAST82
6.3.6.1Egypt82
6.3.6.2UAE82
6.4PATENT ANALYSIS83
FIGURE 23NUMBER OF PATENTS APPROVED BETWEEN 2011 AND 202183
FIGURE 24REGIONS WITH HIGHEST NUMBER OF PATENT APPROVALS, 2016–202284
TABLE 12LIST OF MAJOR PATENTS, 2012–202184
6.5VALUE CHAIN ANALYSIS85
FIGURE 25VALUE CHAIN ANALYSIS OF BIOSTIMULANTS MARKET: R&D AND PRODUCTION KEY CONTRIBUTORS85
6.5.1RESEARCH & PRODUCT DEVELOPMENT86
6.5.2RAW MATERIAL SOURCING86
6.5.3MANUFACTURING & PRODUCTION86
6.5.4PACKAGING, STORAGE, AND DISTRIBUTION86
6.6TRENDS/DISRUPTIONS IMPACTING BUYERS86
FIGURE 26NITROGEN-FIXING BIOSTIMULANTS AND NANOTECHNOLOGY TO BE HOT BETS87
6.7ECOSYSTEM ANALYSIS87
FIGURE 27ECOSYSTEM MAPPING88
FIGURE 28MARKET MAPPING88
6.8TRADE ANALYSIS89
TABLE 13EXPORT VALUE OF SEAWEEDS AND OTHER ALGAE BIOSTIMULANTS, BY KEY COUNTRY, 2021 (USD)89
TABLE 14IMPORT VALUE OF SEAWEEDS AND OTHER ALGAE BIOSTIMULANTS, BY KEY COUNTRY, 2021 (USD)90
TABLE 15IMPORT VALUE OF AMINO ACIDS AND THEIR ESTERS, BY KEY COUNTRY, 2021 (USD)91
TABLE 16EXPORT VALUE OF AMINO ACIDS AND THEIR ESTERS, BY KEY COUNTRY, 2021 (USD)92
6.9PRICING ANALYSIS93
6.9.1INTRODUCTION93
6.9.2AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT (KEY PLAYERS)94
FIGURE 29AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT (KEY PLAYERS) (USD/KG)94
TABLE 17AVERAGE SELLING PRICES FOR KEY PLAYERS, BY ACTIVE INGREDIENT (USD/KG)94
FIGURE 30AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT, 2017–2021 (USD/KG)95
FIGURE 31AVERAGE SELLING PRICE, BY REGION, 2017–2021 (USD/KG)95
6.10TECHNOLOGY ANALYSIS95
6.10.1NANOENCAPSULATION TECHNOLOGY96
6.10.2GENETIC ENGINEERING96
6.11CASE STUDY ANALYSIS96
6.11.1CASE STUDY 1: BRIDGEWAY BIOSTIMULANT HELPED TREAT CLUBROOT CHALLENGE IN VEGETABLE CROPS96
6.11.2CASE STUDY 2: BIOSTIMULANTS HELPED POTATO CROPS COPE WITH ENVIRONMENTAL STRESS97
6.12KEY CONFERENCES AND EVENTS, 2022–202397
TABLE 18BIOSTIMULANTS MARKET: LIST OF CONFERENCES AND EVENTS, 2022–202397
6.13PORTER’S FIVE FORCES ANALYSIS98
TABLE 19PORTER’S FIVE FORCES ANALYSIS98
6.13.1DEGREE OF COMPETITION99
6.13.2THREAT FROM NEW ENTRANTS99
6.13.3THREAT OF SUBSTITUTES100
6.13.4BARGAINING POWER OF SUPPLIERS100
6.13.5BARGAINING POWER OF BUYERS100
6.14KEY STAKEHOLDERS AND BUYING CRITERIA101
6.14.1KEY STAKEHOLDERS IN BUYING PROCESS101
FIGURE 32INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE MODES OF APPLICATION101
TABLE 20INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE MODES OF APPLICATION101
6.14.2BUYING CRITERIA102
FIGURE 33KEY BUYING CRITERIA FOR TOP THREE MODES OF APPLICATION102
TABLE 21KEY BUYING CRITERIA FOR TOP THREE MODES OF APPLICATION102
7BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT103
7.1INTRODUCTION104
FIGURE 34BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022 VS. 2027 (USD MILLION)104
TABLE 22BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)105
TABLE 23BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)105
TABLE 24BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)105
TABLE 25BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)106
7.2HUMIC SUBSTANCES106
7.2.1RISING NEED TO REINFORCE NUTRITION UPTAKE AND ROOT ELONGATION106
TABLE 26HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)107
TABLE 27HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)107
TABLE 28HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)107
TABLE 29HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)108
TABLE 30HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)108
TABLE 31HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)108
7.3SEAWEED EXTRACTS109
7.3.1RISING AWARENESS REGARDING BENEFITS OF SEAWEED EXTRACTS109
TABLE 32SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)110
TABLE 33SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)111
TABLE 34SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)111
TABLE 35SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)111
7.4AMINO ACIDS112
7.4.1GROWING AWARENESS REGARDING ROLE OF AMINO ACIDS IN PLANT GROWTH112
TABLE 36AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)112
TABLE 37AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)113
TABLE 38AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)113
TABLE 39AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)113
7.5MICROBIAL AMENDMENTS114
7.5.1STIMULATING PROPERTIES OF MICROBES INCREASE PLANT NUTRIENT UPTAKE114
FIGURE 35GLOBAL CULTURE COLLECTIONS, 2020114
7.5.1.1Bacterial biostimulants114
7.5.1.2Fungal biostimulants115
TABLE 40MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)115
TABLE 41MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)115
TABLE 42MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)116
TABLE 43MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)116
7.6OTHER ACTIVE INGREDIENTS116
TABLE 44OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)117
TABLE 45OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)117
TABLE 46OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)117
TABLE 47OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)118
8BIOSTIMULANTS MARKET, BY MODE OF APPLICATION119
8.1INTRODUCTION120
FIGURE 36BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2022 VS. 2027 (USD MILLION)120
TABLE 48BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2017–2021 (USD MILLION)121
TABLE 49BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2022–2027 (USD MILLION)121
8.2SEED TREATMENT121
8.2.1RISING NEED TO STIMULATE SEEDLING DEVELOPMENT AND ACTIVATE SOIL MICROFLORA121
TABLE 50SEED TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)122
TABLE 51SEED TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)122
8.3SOIL TREATMENT123
8.3.1LOW APPLICATION COST ASSOCIATED WITH SOIL TREATMENT OF BIOSTIMULANTS123
TABLE 52SOIL TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)123
TABLE 53SOIL TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)124
8.4FOLIAR SPRAY124
8.4.1STRONG DEMAND TO MAXIMIZE PRODUCTIVITY USING FOLIAR SPRAYS124
TABLE 54FOLIAR SPRAY: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)124
TABLE 55FOLIAR SPRAY: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)125
9BIOSTIMULANTS MARKET, BY FORMULATION126
9.1INTRODUCTION127
FIGURE 37BIOSTIMULANTS MARKET, BY FORMULATION, 2022 VS. 2027 (USD MILLION)127
TABLE 56BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)127
TABLE 57BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)128
9.2LIQUID128
9.2.1INCREASED AWARENESS REGARDING BENEFITS OF LIQUID FORMULATIONS128
TABLE 58LIQUID: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)129
TABLE 59LIQUID: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)129
9.3DRY130
9.3.1REDUCED RISK OF CONTAMINATION IN DRY APPLICATION OF BIOSTIMULANTS130
TABLE 60DRY: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)130
TABLE 61DRY: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)131
10BIOSTIMULANTS MARKET, BY CROP TYPE132
10.1INTRODUCTION133
FIGURE 38BIOSTIMULANTS MARKET, BY CROP TYPE, 2022 VS. 2027 (USD MILLION)133
TABLE 62BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)133
TABLE 63BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)134
10.2CEREALS & GRAINS134
10.2.1RISE IN POPULATION AND INCREASING FOOD DEMAND134
TABLE 64CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)134
TABLE 65CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)135
TABLE 66CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)135
TABLE 67CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)135
10.2.2CORN136
10.2.2.1Growing need to increase corn yield for human and animal consumption136
10.2.3WHEAT136
10.2.3.1Growing use of biostimulants to enhance stress tolerance in plants136
10.2.4RICE136
10.2.4.1Rising demand for rice as staple diet136
10.2.5OTHER CEREALS & GRAINS136
10.3OILSEEDS & PULSES137
10.3.1RISING NEED TO INCREASE PLANT TOLERANCE TO ABIOTIC STRESS137
TABLE 68OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)137
TABLE 69OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)138
TABLE 70OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)138
TABLE 71OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)138
10.3.2SOYBEAN139
10.3.2.1High industrial applications of soybean139
10.3.3SUNFLOWER139
10.3.3.1Growing demand to improve vegetative and reproductive growth of sunflowers139
10.3.4OTHER OILSEEDS & PULSES139
10.4FRUITS & VEGETABLES140
10.4.1INCREASED GLOBAL CONSUMPTION OF FRUITS AND VEGETABLES140
TABLE 72FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)141
TABLE 73FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)141
TABLE 74FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)141
TABLE 75FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)142
10.4.2POME FRUITS142
10.4.2.1Rising need to improve balance intake of key nutrients142
10.4.3CITRUS FRUITS143
10.4.3.1Increased scope of citrus fruits in food and non-food applications143
10.4.4BERRIES143
10.4.4.1Biostimulants to promote harmonious growth in berries143
10.4.5ROOT & TUBER VEGETABLES143
10.4.5.1Rising demand for high yield of potato varieties143
10.4.6LEAFY VEGETABLES144
10.4.6.1Rising shift in consumer preference toward healthy foods144
10.4.7OTHER FRUITS & VEGETABLES144
10.4.8OTHER CROP TYPES144
TABLE 76OTHER CROP TYPES: BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)145
TABLE 77OTHER CROP TYPES: BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)145
11BIOSTIMULANTS MARKET, BY REGION146
11.1INTRODUCTION147
FIGURE 39IMPACT OF CLIMATE CHANGE ON CROP PRODUCTION, BY CROP TYPE, 2019 (MILLION TONS/YEAR)147
FIGURE 40INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD148
TABLE 78BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (USD MILLION)148
TABLE 79BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (USD MILLION)149
TABLE 80BIOSTIMULANTS MARKET, BY REGION, 2017–2021 (KT)149
TABLE 81BIOSTIMULANTS MARKET, BY REGION, 2022–2027 (KT)149
11.2NORTH AMERICA150
TABLE 82NORTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)150
TABLE 83NORTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)151
TABLE 84NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)151
TABLE 85NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)151
TABLE 86NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)152
TABLE 87NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)152
TABLE 88NORTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2017–2021 (USD MILLION)152
TABLE 89NORTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2022–2027 (USD MILLION)153
TABLE 90NORTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)153
TABLE 91NORTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)153
TABLE 92NORTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)154
TABLE 93NORTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)154
11.2.1US154
11.2.1.1Adoption of biostimulants to strengthen crop vigor154
FIGURE 41ORGANIC FOOD MARKET FOR KEY COUNTRIES, 2020 (USD BILLION)155
TABLE 94US: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)155
TABLE 95US: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)156
11.2.2CANADA156
11.2.2.1Rising need to mitigate abiotic stress in crops due to climatic changes156
TABLE 96CANADA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)157
TABLE 97CANADA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)157
11.2.3MEXICO157
11.2.3.1Steady growth of agricultural industry157
TABLE 98MEXICO: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)158
TABLE 99MEXICO: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)158
11.3EUROPE159
FIGURE 42EUROPE: MARKET SNAPSHOT160
TABLE 100EUROPE: BIOSTIMULANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)161
TABLE 101EUROPE: BIOSTIMULANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)161
TABLE 102EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)161
TABLE 103EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)162
TABLE 104EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)162
TABLE 105EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)162
TABLE 106EUROPE: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2017–2021 (USD MILLION)163
TABLE 107EUROPE: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2022–2027 (USD MILLION)163
TABLE 108EUROPE: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)163
TABLE 109EUROPE: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)164
TABLE 110EUROPE: BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)164
TABLE 111EUROPE: BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)164
11.3.1SPAIN165
11.3.1.1Increasing trade of fruit and vegetable crops165
FIGURE 43AGRICULTURAL OUTPUT IN SPAIN, 2018–2020 (USD MILLION)165
TABLE 112SPAIN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)166
TABLE 113SPAIN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)166
11.3.2ITALY166
11.3.2.1Use of biostimulants for conventional and organic farming166
TABLE 114ITALY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)167
TABLE 115ITALY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)167
11.3.3FRANCE167
11.3.3.1Rising need to prevent soil desertification167
TABLE 116FRANCE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)168
TABLE 117FRANCE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)168
11.3.4GERMANY169
11.3.4.1High growth in trade and production of organic crops169
TABLE 118GERMANY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)169
TABLE 119GERMANY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)169
11.3.5UK170
11.3.5.1Government regulations to support use of biostimulants170
FIGURE 44VEGETABLE PRODUCTION TRENDS IN UK, 2015–2018 (MILLION TONS)170
TABLE 120UK: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)171
TABLE 121UK: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)171
11.3.6RUSSIA171
11.3.6.1Underdeveloped agricultural sector to incorporate modern sustainable farming methods171
TABLE 122RUSSIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)172
TABLE 123RUSSIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)172
11.3.7REST OF EUROPE172
TABLE 124REST OF EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)173
TABLE 125REST OF EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)173
11.4ASIA PACIFIC174
FIGURE 45AGRICULTURAL PRODUCTION IN ASIA, BY CROP TYPE, 2017–2019 (MILLION TONS)174
FIGURE 46ASIA PACIFIC: MARKET SNAPSHOT175
TABLE 126ASIA PACIFIC: BIOSTIMULANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)176
TABLE 127ASIA PACIFIC: BIOSTIMULANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)176
TABLE 128ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)176
TABLE 129ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)177
TABLE 130ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)177
TABLE 131ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)177
TABLE 132ASIA PACIFIC: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2017–2021 (USD MILLION)178
TABLE 133ASIA PACIFIC: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2022–2027 (USD MILLION)178
TABLE 134ASIA PACIFIC: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)178
TABLE 135ASIA PACIFIC: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)179
TABLE 136ASIA PACIFIC: BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)179
TABLE 137ASIA PACIFIC: BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)179
11.4.1CHINA180
11.4.1.1Growing need to meet export quality norms180
FIGURE 47COMMODITY EXPORTS FROM CHINA, 2016–2020 (USD MILLION)180
TABLE 138CHINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)181
TABLE 139CHINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)181
11.4.2JAPAN181
11.4.2.1Adoption of sustainable methods of agriculture181
TABLE 140JAPAN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)182
TABLE 141JAPAN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)182
11.4.3INDIA183
11.4.3.1Reduction in arable land and rising demand for high-yielding technologies183
TABLE 142INDIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)183
TABLE 143INDIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)184
11.4.4INDONESIA184
11.4.4.1Government initiatives to minimize synthetic agrochemicals184
FIGURE 48ORGANIC PACKAGED FOOD AND BEVERAGE CONSUMPTION IN INDONESIA, 2016–2020 (USD MILLION)184
TABLE 144INDONESIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)185
TABLE 145INDONESIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)185
11.4.5AUSTRALIA185
11.4.5.1Increasing awareness regarding organic food products185
TABLE 146AUSTRALIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)186
TABLE 147AUSTRALIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)186
11.4.6REST OF ASIA PACIFIC187
TABLE 148REST OF ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)187
TABLE 149REST OF ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)187
11.5SOUTH AMERICA188
TABLE 150SOUTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)188
TABLE 151SOUTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)189
TABLE 152SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)189
TABLE 153SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)189
TABLE 154SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)190
TABLE 155SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)190
TABLE 156SOUTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2017–2021 (USD MILLION)190
TABLE 157SOUTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2022–2027 (USD MILLION)191
TABLE 158SOUTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)191
TABLE 159SOUTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)191
TABLE 160SOUTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)192
TABLE 161SOUTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)192
11.5.1BRAZIL192
11.5.1.1Ease of use of biostimulants to drive confidence among farmers192
FIGURE 49PACKAGED ORGANIC FOOD CONSUMPTION IN BRAZIL, 2016–2020 (USD MILLION)193
TABLE 162BRAZIL: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)193
TABLE 163BRAZIL: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)194
11.5.2ARGENTINA194
11.5.2.1Growth in export of quality crops194
TABLE 164ARGENTINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)194
TABLE 165ARGENTINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)195
11.5.3REST OF SOUTH AMERICA195
TABLE 166REST OF SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)195
TABLE 167REST OF SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)196
11.6REST OF THE WORLD196
TABLE 168ROW: BIOSTIMULANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)196
TABLE 169ROW: BIOSTIMULANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)197
TABLE 170ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)197
TABLE 171ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)197
TABLE 172ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (KT)198
TABLE 173ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (KT)198
TABLE 174ROW: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2017–2021 (USD MILLION)198
TABLE 175ROW: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2022–2027 (USD MILLION)199
TABLE 176ROW: BIOSTIMULANTS MARKET, BY CROP TYPE, 2017–2021 (USD MILLION)199
TABLE 177ROW: BIOSTIMULANTS MARKET, BY CROP TYPE, 2022–2027 (USD MILLION)199
TABLE 178ROW: BIOSTIMULANTS MARKET, BY FORMULATION, 2017–2021 (USD MILLION)199
TABLE 179ROW: BIOSTIMULANTS MARKET, BY FORMULATION, 2022–2027 (USD MILLION)200
11.6.1AFRICA200
11.6.1.1Growing need to develop heat-resilient crops for high output200
TABLE 180AFRICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)200
TABLE 181AFRICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)201
11.6.2MIDDLE EAST201
11.6.2.1Increase in domestic consumption of crops201
TABLE 182MIDDLE EAST: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2017–2021 (USD MILLION)202
TABLE 183MIDDLE EAST: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2022–2027 (USD MILLION)202
12COMPETITIVE LANDSCAPE203
12.1OVERVIEW203
12.2KEY PLAYER STRATEGIES204
12.3SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS205
FIGURE 50SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2017–2021 (USD BILLION)205
12.4MARKET SHARE ANALYSIS206
TABLE 184BIOSTIMULANTS MARKET: DEGREE OF COMPETITION (COMPETITIVE), 2021206
12.5KEY PLAYER EVALUATION QUADRANT (KEY PLAYERS)207
12.5.1STARS207
12.5.2EMERGING LEADERS207
12.5.3PERVASIVE PLAYERS207
12.5.4PARTICIPANTS208
FIGURE 51BIOSTIMULANTS MARKET: COMPANY EVALUATION QUADRANT (KEY PLAYERS), 2021208
12.6PRODUCT FOOTPRINT209
TABLE 185COMPANY FOOTPRINT, BY CROP TYPE209
TABLE 186COMPANY FOOTPRINT, BY FORMULATION TYPE210
TABLE 187COMPANY FOOTPRINT, BY REGION211
TABLE 188OVERALL COMPANY FOOTPRINT212
12.7COMPETITIVE LEADERSHIP MAPPING (STARTUPS/SMES)213
12.7.1PROGRESSIVE COMPANIES213
12.7.2STARTING BLOCKS213
12.7.3RESPONSIVE COMPANIES213
12.7.4DYNAMIC COMPANIES213
FIGURE 52BIOSTIMULANTS MARKET: COMPANY EVALUATION QUADRANT (STARTUPS/SMES), 2021214
12.8COMPETITIVE BENCHMARKING215
TABLE 189DETAILED LIST OF KEY STARTUPS/SMES215
TABLE 190COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES216
12.9COMPETITIVE SCENARIO217
12.9.1PRODUCT LAUNCHES217
TABLE 191PRODUCT LAUNCHES, 2017–2022217
12.9.2DEALS219
TABLE 192DEALS, 2017–2022219
12.9.3OTHERS223
TABLE 193OTHERS, 2017–2022223
13COMPANY PROFILES224
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
13.1KEY PLAYERS224
13.1.1BASF SE224
TABLE 194BASF SE: BUSINESS OVERVIEW224
FIGURE 53BASF SE: COMPANY SNAPSHOT225
TABLE 195BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED225
TABLE 196BASF SE: DEALS226
13.1.2UPL228
TABLE 197UPL: BUSINESS OVERVIEW228
FIGURE 54UPL: COMPANY SNAPSHOT229
TABLE 198UPL: PRODUCTS/SOLUTIONS/SERVICES OFFERED229
TABLE 199UPL: PRODUCT LAUNCHES232
TABLE 200UPL: DEALS233
13.1.3FMC CORPORATION235
TABLE 201FMC CORPORATION: BUSINESS OVERVIEW235
FIGURE 55FMC CORPORATION: COMPANY SNAPSHOT236
TABLE 202FMC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED236
TABLE 203FMC CORPORATION: OTHERS237
13.1.4RALLIS INDIA LIMITED238
TABLE 204RALLIS INDIA LIMITED: BUSINESS OVERVIEW238
FIGURE 56RALLIS INDIA LIMITED: COMPANY SNAPSHOT239
TABLE 205RALLIS INDIA LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED239
13.1.5ADAMA241
TABLE 206ADAMA: BUSINESS OVERVIEW241
FIGURE 57ADAMA: COMPANY SNAPSHOT242
TABLE 207ADAMA: PRODUCTS/SOLUTIONS/SERVICES OFFERED242
TABLE 208ADAMA: DEALS243
13.1.6VALAGRO244
TABLE 209VALAGRO: BUSINESS OVERVIEW244
TABLE 210VALAGRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED244
TABLE 211VALAGRO: PRODUCT LAUNCHES246
TABLE 212VALAGRO: DEALS246
TABLE 213VALAGRO: OTHERS247
13.1.7GOWAN COMPANY248
TABLE 214GOWAN COMPANY: BUSINESS OVERVIEW248
TABLE 215GOWAN COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED248
TABLE 216GOWAN COMPANY: DEALS249
13.1.8ILSA S.P.A.250
TABLE 217ILSA S.P.A.: BUSINESS OVERVIEW250
TABLE 218ILSA S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED250
13.1.9HAIFA GROUP254
TABLE 219HAIFA GROUP: BUSINESS OVERVIEW254
TABLE 220HAIFA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED254
TABLE 221HAIFA GROUP: PRODUCT LAUNCHES255
TABLE 222HAIFA GROUP: DEALS256
TABLE 223HAIFA GROUP: OTHERS256
13.1.10BIOVERT S.L.257
TABLE 224BIOVERT S.L.: BUSINESS OVERVIEW257
TABLE 225BIOVERT S.L.: PRODUCTS/SOLUTIONS/SERVICES OFFERED257
TABLE 226BIOVERT S.L.: PRODUCT LAUNCHES259
13.1.11KOPPERT260
TABLE 227KOPPERT: BUSINESS OVERVIEW260
TABLE 228KOPPERT: PRODUCTS/SOLUTIONS/SERVICES OFFERED260
13.1.12TRADE CORPORATION INTERNATIONAL261
TABLE 229TRADE CORPORATION INTERNATIONAL: BUSINESS OVERVIEW261
TABLE 230TRADE CORPORATION INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED261
TABLE 231TRADE CORPORATION INTERNATIONAL: DEALS262
TABLE 232TRADE CORPORATION INTERNATIONAL: OTHERS263
13.1.13AGRITECNO264
TABLE 233AGRITECNO: BUSINESS OVERVIEW264
TABLE 234AGRITECNO: PRODUCTS/SOLUTIONS/SERVICES OFFERED264
13.1.14AXEB BIOTECH SL266
TABLE 235AXEB BIOTECH SL: BUSINESS OVERVIEW266
TABLE 236AXEB BIOTECH SL: PRODUCTS/SOLUTIONS/SERVICES OFFERED266
13.1.15MAFA BIOSCIENCE267
TABLE 237MAFA BIOSCIENCE: BUSINESS OVERVIEW267
13.2STARTUPS/SMES269
13.2.1LAWRIECO269
TABLE 238LAWRIECO: BUSINESS OVERVIEW269
13.2.2DEVI CROPSCIENCE27
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