Overview

Plant biostimulants are technically the substance(s) and micro-organisms, which improve the plant health, productivity, and/or tolerance via stimulating the plant functions when applied. The market for such products is still in its nascent stage by serving a very small portion of its potential market. Biostimulants were first formally introduced in the 1990s and the market has been growing since.

According to Infoholic Research, the market for biostimulants would reach $5.33 billion by 2025, growing at a CAGR of 11.6% during the forecast period 2019–2025, owing to increasing regulatory accommodation and transitioning consumer trends towards healthier food alternatives.

Research Methodology:

The biostimulants market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology, along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:

Key Market Insights

Biostimulants have not been recognized in regulatory till recently, which resulted in limited market penetration of the products in potential markets. This was largely due to the lack of clarity on the categorization of these products. Some of these products were classified with fertilizers, while others were categorized under crop protection chemicals. Further, as the biostimulants were not recognized by many governments, as a result, there were labeling problems for these products in different countries.

The market of biostimulants has been witnessing strong growth largely owing to the characteristic benefits of reducing agrochemical usage, improvement of crop quality, and increase in overall yield. European farmers have been at the forefront of the market adoption, where the focus is not only on increasing the crop yield but also on improving the crop quality. Some of the countries actively adopted the biostimulants at the country level, allowing the biostimulants product growth. However, most of the developing countries, especially in Central & Eastern Europe, were lagging and resulted in limited penetration of biostimulant products in the region. On the other hand, the US market has been receptive towards the biostimulants, although the absence of regulatory details curtails the market scope.

The inclusion of biostimulants within the regulatory framework will further facilitate the growth of the biostimulants market within the European Union, while other major markets are taking que from the EU for adapting biostimulants within their policy frameworks. The US market included biostimulant definition in April 2018 for the first time and currently present in draft guidance on FIFRA applicability. The European market would continue to dominate the market revenue for biostimulants during the forecast period, while Asia Pacific will project the highest CAGR during the forecast period. The US market for biostimulants is expected to gain pace from 2021 to mark double-digit growth during the forecast period.

Foliar application mode will remain the most preferential mode continuing the current trend, while seed treatment will gain attention and will be able to project a better growth rate during the forecast period. Increasing consumer demand for healthier fruits & vegetables will enable the crop category to retain the top position in the biostimulants market with the following category of cereals & grains segment.

The study of the biostimulants market provides the market size information and market trends along with the factors and parameters impacting it in both short- and long-term. The study also covers the competitive scenario of the market, major players with their branding strategies, and differentiating factors among others. The study ensures a 360° view, bringing out the complete key insights of the competitive industry. These insights are intended to help the business decision makers to make better business plans and informed decisions for the future growth. In addition, the study helps venture capitalists in understanding the companies better and take informed decisions.

The competitive scenario of the market is open with numerous companies competing with each other, although the level of rivalry is not that high, given the nascent market and high growth opportunities. Most of the prominent players offer biostimulant products which they have acquired from internal development or from inorganic growth options. Few of the key companies active in the field are BASF, Bayer, Syngenta, FMC Corporation, Valagro, Adama, Solvay, Ajinomoto, Stroller Group, Koppert Biological Systems, and Lallemand Inc.

Report Scope:

• Application Mode
  • Foliar
  • Soil
  • Seeds
• Active Ingredients
  • Amino Acid & Derivatives
  • Humic Acid & Fulvic Acid
  • Seaweed Extracts
  • Microbial Amendments
  • Others (such as Vitamins)
• Crops
  • Fruits & Vegetables
  • Cereals & Grains
  • Turf & Ornamental
  • Pulses & Oilseeds
  • Others
• Geographies
  • Europe
  • North America
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Industry outlook: market trends and drivers, restraints, and opportunities

1. Executive Summary
   1. Regulatory Driven Europe & Health Cautious Asia will Lead Market Growth
   2. All Around Growth Would Maintain Segment Mix
2. Market Positioning
   1. Industry Snapshot
      1. Industry Overview
      2. Key Trends
   2. Related Markets
3. Market Outlook
   1. Introduction
      1. Role of Biostimulants
   2. Value Chain Analysis    
   3. Market Segmentation 
4. Market Characteristics
   1. PESTLE Analysis
   2. Porter’s Five Force Analysis
   3. Market Dynamics
      1. Drivers
         1. Regulatory inclusion paving the way for better awareness & market growth
         2. Environmental & health benefits to expand plant biostimulants market with health cautious consumers  
         3. Growing incomes & decreasing pricing increasing affordability, thus pushing market growth         
      2. Restraints
         1. Lack of awareness consumer awareness limits the market potential         
         2. High initial cost limits the market penetration, especially in price sensitive developing countries      
      3. Opportunities
         1. Large potential market in Europe & the US opened via regulatory changes
         2. Growing connectivity & advanced agricultural technology developments supplementing the biostimulants growth              
      4. DRO – Impact Analysis
   4. Patent Analysis
5. Biostimulants Market, By Application
   1. Overview
   2. Foliar  
   3. Soil      
   4. Seeds
6. Biostimulants Market, By Active Ingredient
   1. Overview
   2. Amino Acid & Derivatives
   3. Humic Acid & Fulvic Acid
   4. Seaweed Extracts
   5. Microbial Amendments
7. Biostimulants Market, By Crop
   1. Overview
   2. Fruits & Vegetables
   3. Cereals & Grains
   4. Turf & Ornamental Crops
   5. Pulses & Oilseeds
8. Biostimulants Market, By Geography
   1. Overview
   2. Asia Pacific
      1. Asia Pacific Biostimulants Market, By Country
      2. Asia Pacific Biostimulants Market, By Application
      3. Asia Pacific Biostimulants Market, By Active Ingredient
      4. Asia Pacific Biostimulants Market, By Crop
   3. North America
      1. North America Biostimulants Market, By Country
      2. North America Biostimulants Market, By Application
      3. North America Biostimulants Market, By Active Ingredient
      4. North America Biostimulants Market, By Crop         
   4. Europe
      1. Europe Biostimulants Market, By Country 
      2. Europe Biostimulants Market, By Application          
      3. Europe Biostimulants Market, By Active Ingredient
      4. Europe Biostimulants Market, By Crop       
   5. Middle East & Africa     
      1. Middle East & Africa Biostimulants Market, By Country       
      2. Middle East & Africa Biostimulants Market, By Application
      3. Middle East & Africa Biostimulants Market, By Active Ingredient
      4. Middle East & Africa Biostimulants Market, By Crop
   6. Latin America  
      1. Latin America Biostimulants Market, By Country
      2. Latin America Biostimulants Market, By Application
      3. Latin America Biostimulants Market, By Active Ingredient
      4. Latin America Biostimulants Market, By Crop          
9. Competitive Landscape       
   1. Competitive Regional Exposure Analysis
10. Vendors Profile
    1. BASF SE
       1. Analyst Opinion
       2. Business Analysis
          1. Strategic Snapshot
          2. Business Impact Analysis
          3. Product/Service Portfolio
       3. SWOT Analysis 
    2. BAYER AG           
       1. Analyst Opinion
       2. Business Analysis
          1. Strategic Snapshot
          2. Business Impact Analysis
          3. Product/Service Portfolio
       3. SWOT Analysis 
    3. Syngenta            
       1. Analyst Opinion
       2. Business Analysis
          1. Strategic Snapshot
          2. Business Impact Analysis
          3. Product/Service Portfolio
       3. SWOT Analysis 
    4. FMC Corporation
       1. Analyst Opinion
       2. Business Analysis
          1. Strategic Snapshot
          2. Business Impact Analysis
          3. Product/Service Portfolio
       3. SWOT Analysis 
    5. Valagro
       1. Analyst Opinion
       2. Business Analysis
          1. Strategic Snapshot         
          2. Business Impact Analysis
          3. Product/Service Portfolio
       3. SWOT Analysis
    6. ADAMA Ltd
       1. Analyst Opinion
       2. Business Analysis            
          1. Strategic Snapshot
          2. Business Impact Analysis
          3. Product/Service Portfolio
       3. SWOT Analysis 
    7. Solvay  
       1. Analyst Opinion
       2. Business Analysis
          1. Strategic Snapshot
          2. Business Impact Analysis
          3. Product/Service Portfolio
       3. SWOT Analysis 
    8. AJINOMOTO CO., INC
       1. Analyst Opinion
       2. Business Analysis
          1. Strategic Snapshot
          2. Business Impact Analysis
          3. Product/Service Portfolio
       3. SWOT Analysis 
    9. Stoller Group    
       1. Analyst Opinion
       2. Business Analysis
          1. Strategic Snapshot
          2. Business Impact Analysis
          3. Product/Service Portfolio
       3. SWOT Analysis 
    10. KOPPERT BIOLOGICAL SYSTEMS
        1. Analyst Opinion
        2. Business Analysis
           1. Strategic Snapshot
           2. Business Impact Analysis
           3. Product/Service Portfolio
        3. SWOT Analysis 
    11. LALLEMAND INC
        1. Analyst Opinion
        2. Business Analysis
           1. Strategic Snapshot
           2. Business Impact Analysis
           3. Product/Service Portfolio
        3. SWOT Analysis 
11. Annexure
    1. Report Scope
    2. Market Definition
    3. Research Methodology
       1. Data Collation & In-house Estimation
       2. Market Triangulation
       3. Forecasting
    4. Study Declarations          
    5. Report Assumptions
    6. Stakeholders    
    7. Abbreviations