Biostimulants Market research includes key company profiles like – BASF SE, UPL Limited, Valagro, Gowan Company, FMC Corporation, ILSA S.p.A, Haifa Negev technologies LTD, ADAMA, Rallis India Limited, AgriTecno Biostimulants and Plant Nutrition and more.
US & Canada, Jan. 15, 2025 (GLOBE NEWSWIRE) — According to a new comprehensive report from The Insight Partners, the Global Global
Market Segmentation
- Based on product, the biostimulants market is segmented into humic substances, amino acids, microbial stimulants, seaweed extracts, and others. The seaweed extracts segment held the largest share of the market in 2023.
- In terms of mode of application, the biostimulants market is segmented into foliar spray, seed treatment, and soil application. The foliar spray segment dominated the market in 2023.
- Based on crop type, the biostimulants market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, turf and landscape, and others. The cereals and grains segment dominated the market in 2023.
- The biostimulants market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.
Segments Covered –
By Product
- Humic Substance
- Amino Acids
- Microbial Stimulants
- Seaweed Extracts
By Mode of Application
- Foliar Spray
- Seed Treatment
- Soil Application
By Crop Type
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and vegetables
- Turf and Landscape
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Competitive Strategy and Development
- Key Players: A few of the major companies operating in the biostimulants market are BASF SE; UPL Limited; Valagro; Gowan Company; FMC Corporation; ILSA S.p.A.; Haifa Negev technologies LTD.; ADAMA; Rallis India Limited; and AgriTecno Biostimulants and Plant Nutrition, among others.
- Trending Topics: Soil Microbiomes, Organic Fertilizers, Microbial Biostimulants, Nitrogen-Fixing Microorganisms, and Protein Hydrolysates
Global Headlines on Biostimulants
- UPM launched a new biostimulant product range as a long-term solution for sustainable agriculture
- Yara North America launched the YaraAmplix Biostimulant portfolio to drive sustainable food production
- Rovensa Next launched Wiibio, a soil-regenerating biofertilizer with biostimulant properties that aims to naturally enhance plant development
- Bioiberica launched the new probiotic biostimulant Terra-Sorb SymBiotic for the optimization of fertilization
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Conclusion
The demand for biostimulants is escalating due to the growing awareness among farmers and mounting food demand due to the increasing population. An increase in the demand for excellent agricultural products and organic produce’s increasing need for high productivity and yield are expected to boost the consumption of biostimulants in developing countries, especially in China, Indonesia, and India. Given their competitive and increasing agriculture sector, these countries determine a high product consumption rate. Manufacturers in various regions are developing unique products with superior efficiency and low toxicity levels, instigating a speedy approval of the products. These opportunities are implementing biostimulants market growth.
The report from The Insight Partners, therefore, provides several stakeholders—including information on raw material suppliers, biostimulants manufacturers, and distributors/suppliers—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.
Regional analysis Market –
- The Biostimulants market in North America is expected to grow from US$ 616.16 million in 2022 to US$ 1,167.84 million by 2028; it is estimated to grow at a CAGR of 11.2% from 2022 to 2028.
- The Biostimulants market in Asia Pacific is expected to grow from US$ 734.41 million in 2022 to US$ 1,419.36 million by 2028; it is estimated to grow at a CAGR of 11.6% from 2022 to 2028.
- The Biostimulants market in Europe is expected to grow from US$ 1,172.10 million in 2022 to US$ 2,171.62 million by 2028; it is estimated to grow at a CAGR of 10.8% from 2022 to 2028.
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