Biostimulants Market Report 2020: Share, Trends, Growth, Demand and Forecast Till 2025

Biostimulants refer to substances that increase plant growth by stimulating nutrient uptake, improving efficiency and crop quality, and boosting tolerance to abiotic stress. They also help in increasing the yield in terms of weight, seed and fruit set, enhancing quality, affecting sugar content, color and shelf life, improving the efficiency of water usage and strengthening stress tolerance and recovery.

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In recent years, the increasing awareness regarding the adverse effects of chemically synthesized pesticides and fertilizers has increased the demand for biostimulants among farmers. Governments of several countries are also promoting the use of environmentally safe and organic products that provide alternatives to synthetic inputs. Apart from this, the flourishing agriculture industry and the rising adoption of organic farming practices have escalated the demand for biostimulants that have a low ecological footprint, non-toxic nature and do not contaminate the soil. Moreover, extensive research and development (R&D) activities have resulted in numerous innovations in the field of agricultural sciences, which are expected to provide a positive impact on the growth of the market.

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Key Market Segmentation

Market Breakup by Product Type

  • Acid-based
  • Extract-based
  • Others

Market Breakup by Crop Type

  • Cereals and Grains
  • Fruits and Vegetables
  • Turf and Ornamentals
  • Oilseeds and Pulses
  • Others

Market Breakup by Form

  • Dry
  • Liquid

Market Breakup by Origin

  • Natural
  • Synthetic

Market Breakup by Distribution Channel

  • Direct
  • Indirect

Market Breakup by Application

  • Foliar treatment
  • Soil treatment
  • Seed treatment

Market Breakup by End-User

  • Farmers
  • Research Organizations
  • Others

Market Breakup by Region

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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The Competitive Landscape

The competitive landscape of the industry has also been examined with some of the key players being Agrinos AS (AALFY), Adama LTD., BASF SE (BASFY), Bayer (BAYRY), Biolchim SpA., Biostadt India Ltd., Isagro (ISG), Italpollina SpA, Koppert B.V., Novozymes (NVZMY), Syngenta (SYT), Valagro SpA, etc.

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