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Biostimulants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global biostimulants market reached a value of US$ 2.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.55 Billion by 2027, exhibiting at a CAGR of 11.48% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Biostimulants are natural and microbe-based agricultural chemicals that promote plant growth organically and protect against stress. They are formulated using microorganisms, active ingredients, trace elements, plant hormones, enzymes, and seaweed extracts. They are added to the soil, seeds, and leaves of the plant to enhance nutrient availability, water-holding capacity, and chlorophyll production. They also assist in reducing dependency on fertilizers and improving crop productivity. Besides this, they help stimulate root development and cell enlargement in the plant and support sustainable agricultural practices that increase soil fertility. As a result, biostimulants are widely used in the agriculture industry across the globe.

 

 
 

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Biostimulants Market Trends:

The growing global population is resulting in the increasing consumption of food across the globe. This represents one of the key factors positively influencing the market. In addition, the rising adoption of organic farming practices for agricultural sustainability, soil health, and environmental safety is catalyzing the demand for biostimulants. Apart from this, the increasing awareness among individuals about the adverse effects of chemically synthesized fertilizers on plant development is also strengthening market growth. Furthermore, the limited availability of cultivable land is driving the need for biostimulants to enhance crop yield. Moreover, various innovations in agricultural science and continuous investment in research and development (R&D) activities are expected to augment market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global biostimulants market, along with forecasts at the global, regional, and country levels from 2022-2027. Our report has categorized the market based on product type, crop type, form, origin, distribution channel, application, and end-user.

 

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Breakup by Product Type:

 

 

 
 

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  • Acid-based
  • Extract-based
    • Seaweed Extract
    • Other Plant Extracts
  • Others
    • Microbial Soil Amendments
    • Chitin & Chitosan
    • Others

Acid-based biostimulants currently account for the majority of the market share as they offer numerous advantages to the plant.

Breakup by Crop Type:

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

Cereals and grains dominate the market due to the growing global population and the increasing awareness among individuals about the health benefits of consuming cereals and wholegrain foods.

Breakup by Form:

  • Dry
  • Liquid

Dry formulation of biostimulants holds the majority of the market share as it releases nutrients slowly and can be stored for a longer period than liquid formulations.

Breakup by Origin:

  • Natural
  • Synthetic

Natural biostimulants currently represent the largest market segment due to the rising awareness among individuals about the adverse impact of artificial chemicals utilized for plant growth.

Breakup by Distribution Channel:

  • Direct
  • Indirect

Biostimulants are widely available through direct distribution channels as they enable brands to collect valuable data on customer buying habits and strengthen their position in the market competition.

Breakup by Application:

  • Foliar Treatment
  • Soil Treatment
  • Seed Treatment

The foliar treatment dominates the market as it offers numerous benefits, such as faster absorption of nutrients and increased cellular activity.

Breakup by End-User:

  • Farmers
  • Research Organizations
  • Others

Farmers hold the largest market share as they use biostimulants to improve nutrition efficiency, abiotic stress tolerance, and crop productivity.

Breakup by Region:

 

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Europe currently enjoys the leading position in the market due to the increasing consumption of organic food products, along with the rising focus of manufacturers on introducing sustainable and eco-friendly production alternatives.

Competitive Landscape:

The global biostimulants market is highly fragmented with the presence of several small and large players competing in terms of price and quality. Some of the leading biostimulants companies are:

  • Agrinos AS
  • Adama LTD.
  • BASF SE
  • Bayer
  • Biolchim SpA.
  • Biostadt India Ltd.
  • Isagro
  • Italpollina SpA
  • Koppert B.V.
  • Novozymes
  • Syngenta
  • Valagro SpA


Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Crop Type, Form, Origin, Distribution Channel, Application, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agrinos AS, Adama LTD., BASF SE, Bayer, Biolchim SpA., Biostadt India Ltd., Isagro, Italpollina SpA, Koppert B.V., Novozymes, Syngenta and Valagro SpA
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Biostimulants Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Acid-based
        6.1.1 Market Trends
        6.1.2 Major Types
           6.1.2.1 Humic Acid
           6.1.2.2 Fulvic Acid
           6.1.2.3 Amino Acid
        6.1.3 Market Forecast
    6.2    Extract-based
        6.2.1 Market Trends
        6.2.2 Major Types
           6.2.2.1 Seaweed Extract
           6.2.2.2 Other Plant Extracts
        6.2.3 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Major Types
           6.3.2.1 Microbial Soil Amendments
           6.3.2.2 Chitin and Chitosan
           6.3.2.3 Others
        6.3.3 Market Forecast
7    Market Breakup by Crop Type
    7.1    Cereals and Grains
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Fruits and Vegetables
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Turf and Ornamentals
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Oilseeds and Pulses
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Form
    8.1    Dry
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Liquid
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Origin
    9.1    Natural
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Synthetic 
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Distribution Channel
    10.1    Direct
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Indirect
        10.2.1 Market Trends
        10.2.2 Market Forecast
11    Market Breakup by Application
    11.1    Foliar Treatment
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2    Soil Treatment
        11.2.1 Market Trends
        11.2.2 Market Forecast
    11.3    Seed Treatment
        11.3.1 Market Trends
        11.3.2 Market Forecast
12    Market Breakup by End-User
    12.1    Farmers
        12.1.1 Market Trends
        12.1.2 Market Forecast
    12.2    Research Organizations
        12.2.1 Market Trends
        12.2.2 Market Forecast
    12.3    Others
        12.3.1 Market Trends
        12.3.2 Market Forecast
13    Market Breakup by Region
    13.1    North America
        13.1.1 United States
           13.1.1.1 Market Trends
           13.1.1.2 Market Forecast
        13.1.2 Canada
           13.1.2.1 Market Trends
           13.1.2.2 Market Forecast
    13.2    Asia Pacific
        13.2.1 China
           13.2.1.1 Market Trends
           13.2.1.2 Market Forecast
        13.2.2 Japan
           13.2.2.1 Market Trends
           13.2.2.2 Market Forecast
        13.2.3 India
           13.2.3.1 Market Trends
           13.2.3.2 Market Forecast
        13.2.4 South Korea
           13.2.4.1 Market Trends
           13.2.4.2 Market Forecast
        13.2.5 Australia
           13.2.5.1 Market Trends
           13.2.5.2 Market Forecast
        13.2.6 Indonesia
           13.2.6.1 Market Trends
           13.2.6.2 Market Forecast
        13.2.7 Others
           13.2.7.1 Market Trends
           13.2.7.2 Market Forecast
    13.3    Europe
        13.3.1 Germany
           13.3.1.1 Market Trends
           13.3.1.2 Market Forecast
        13.3.2 France
           13.3.2.1 Market Trends
           13.3.2.2 Market Forecast
        13.3.3 United Kingdom
           13.3.3.1 Market Trends
           13.3.3.2 Market Forecast
        13.3.4 Italy
           13.3.4.1 Market Trends
           13.3.4.2 Market Forecast
        13.3.5 Spain
           13.3.5.1 Market Trends
           13.3.5.2 Market Forecast
        13.3.6 Russia
           13.3.6.1 Market Trends
           13.3.6.2 Market Forecast
        13.3.7 Others
           13.3.7.1 Market Trends
           13.3.7.2 Market Forecast
    13.4    Latin America
        13.4.1 Brazil
           13.4.1.1 Market Trends
           13.4.1.2 Market Forecast
        13.4.2 Mexico
           13.4.2.1 Market Trends
           13.4.2.2 Market Forecast
        13.4.3 Others
           13.4.3.1 Market Trends
           13.4.3.2 Market Forecast
    13.5    Middle East and Africa
        13.5.1 Market Trends
        13.5.2 Market Breakup by Country
        13.5.3 Market Forecast
14    SWOT Analysis
    14.1    Overview
    14.2    Strengths
    14.3    Weaknesses
    14.4    Opportunities
    14.5    Threats
15    Value Chain Analysis
16    Porters Five Forces Analysis

    16.1    Overview
    16.2    Bargaining Power of Buyers
    16.3    Bargaining Power of Suppliers
    16.4    Degree of Competition
    16.5    Threat of New Entrants
    16.6    Threat of Substitutes
17    Price Indicators
18    Competitive Landscape

    18.1    Market Structure
    18.2    Key Players
    18.3    Profiles of Key Players
        18.3.1    Agrinos AS
           18.3.1.1 Company Overview
           18.3.1.2 Product Portfolio 
        18.3.2    Adama Ltd.
           18.3.2.1 Company Overview
           18.3.2.2 Product Portfolio 
           18.3.2.3 Financials
        18.3.3    BASF SE
           18.3.3.1 Company Overview
           18.3.3.2 Product Portfolio 
           18.3.3.3 Financials
           18.3.3.4 SWOT Analysis
        18.3.4    Bayer
           18.3.4.1 Company Overview
           18.3.4.2 Product Portfolio 
           18.3.4.3 Financials
           18.3.4.4 SWOT Analysis
        18.3.5    Biolchim SpA
           18.3.5.1 Company Overview
           18.3.5.2 Product Portfolio 
        18.3.6    Biostadt India Limited
           18.3.6.1 Company Overview
           18.3.6.2 Product Portfolio 
        18.3.7    Isagro
           18.3.7.1 Company Overview
           18.3.7.2 Product Portfolio 
           18.3.7.3 Financials
        18.3.8    Italpollina SpA
           18.3.8.1 Company Overview
           18.3.8.2 Product Portfolio 
        18.3.9    Koppert B.V.
           18.3.9.1 Company Overview
           18.3.9.2 Product Portfolio 
        18.3.10    Novozymes
           18.3.10.1 Company Overview
           18.3.10.2 Product Portfolio 
           18.3.10.3 Financials
           18.3.10.4 SWOT Analysis
        18.3.11    Syngenta
           18.3.11.1 Company Overview
           18.3.11.2 Product Portfolio 
           18.3.11.3 SWOT Analysis
        18.3.12    Valagro SpA
           18.3.12.1 Company Overview
           18.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Biostimulants Market: Major Drivers and Challenges
Figure 2: Global: Biostimulants Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Biostimulants Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Biostimulants Market: Breakup by Crop Type (in %), 2021
Figure 5: Global: Biostimulants Market: Breakup by Form (in %), 2021
Figure 6: Global: Biostimulants Market: Breakup by Origin (in %), 2021
Figure 7: Global: Biostimulants Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Biostimulants Market: Breakup by Application (in %), 2021
Figure 9: Global: Biostimulants Market: Breakup by End User (in %), 2021
Figure 10: Global: Biostimulants Market: Breakup by Region (in %), 2021
Figure 11: Global: Biostimulants Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 12: Global: Biostimulants (Acid-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Biostimulants (Acid-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Biostimulants (Extract-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Biostimulants (Extract-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Biostimulants (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Biostimulants (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Biostimulants (Cereals and Grains) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Biostimulants (Cereals and Grains) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Biostimulants (Fruits and Vegetables) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Biostimulants (Fruits and Vegetables) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Biostimulants (Turf and Ornamentals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Biostimulants (Turf and Ornamentals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Biostimulants (Oilseeds and Pulses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Biostimulants (Oilseeds and Pulses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Biostimulants (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Biostimulants (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Biostimulants (Dry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Biostimulants (Dry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Biostimulants (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Biostimulants (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Biostimulants (Natural) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Biostimulants (Natural) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Biostimulants (Synthetic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Biostimulants (Synthetic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Biostimulants Market: Direct Sales (in Million US$), 2016 & 2021
Figure 37: Global: Biostimulants Market Forecast: Direct Sales (in Million US$), 2022-2027
Figure 38: Global: Biostimulants Market: Indirect Sales (in Million US$), 2016 & 2021
Figure 39: Global: Biostimulants Market Forecast: Indirect Sales (in Million US$), 2022-2027
Figure 40: Global: Biostimulants (Foliar Treatment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Biostimulants (Foliar Treatment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Biostimulants (Soil Treatment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Biostimulants (Soil Treatment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Biostimulants (Seed Treatment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Biostimulants (Seed Treatment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Biostimulants (Farmers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Biostimulants (Farmers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Biostimulants (Research Organizations) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Biostimulants (Research Organizations) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Global: Biostimulants (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Global: Biostimulants (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: North America: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: North America: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United States: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United States: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Canada: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Canada: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Asia Pacific: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Asia Pacific: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: China: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: China: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Japan: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Japan: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: India: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: India: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: South Korea: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: South Korea: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Australia: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Australia: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Indonesia: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Indonesia: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Europe: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Europe: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Germany: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Germany: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: France: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: France: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: United Kingdom: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: United Kingdom: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Italy: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Italy: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Spain: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Spain: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Russia: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Russia: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Others: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Others: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Latin America: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Latin America: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Brazil: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Brazil: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Mexico: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Mexico: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Others: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 97: Others: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Middle East and Africa: Biostimulants Market: Sales Value (in Million US$), 2016 & 2021
Figure 99: Middle East and Africa: Biostimulants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 100: Global: Biostimulants Industry: SWOT Analysis
Figure 101: Global: Biostimulants Industry: Value Chain Analysis
Figure 102: Global: Biostimulants Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Biostimulants Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Biostimulants Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Biostimulants Market Forecast: Breakup by Crop Type (in Million US$), 2022-2027
Table 4: Global: Biostimulants Market Forecast: Breakup by Form (in Million US$), 2022-2027
Table 5: Global: Biostimulants Market Forecast: Breakup by Origin (in Million US$), 2022-2027
Table 6: Global: Biostimulants Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 7: Global: Biostimulants Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 8: Global: Biostimulants Market Forecast: Breakup by End-User (in Million US$), 2022-2027
Table 9: Global: Biostimulants Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 10: Global: Biostimulants Market: Competitive Structure
Table 11: Global: Biostimulants Market: Key Players


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Key Questions Answered in This Report

The global biostimulants market was valued at US$ 2.38 Billion in 2021.

We expect the global biostimulants market to exhibit a CAGR of 11.48% during 2022-2027.

The growing applications of biostimulants in organic manure to improve the soil fertility and plant
health are primarily driving the global biostimulants market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations, resulting in the temporary closure of numerous
manufacturing units for biostimulants.

Based on the product type, the global biostimulants market can be segmented into acid-based,
extract-based, and others. Currently, acid-based biostimulants exhibit a clear dominance in the
market.

Based on the crop type, the global biostimulants market has been bifurcated into cereals and grains,
fruits and vegetables, turf and ornamentals, oilseeds and pulses, and others. Among these, cereals
and grains represent the largest market share.

Based on the form, the global biostimulants market can be segregated into dry and liquid, where dry
form accounts for the majority of the global market share.

Based on the origin, the global biostimulants market has been divided into natural and synthetic.
Currently, natural origin exhibits a clear dominance in the market.

Based on the distribution channel, the global biostimulants market can be categorized into direct
and indirect, where direct channel holds the majority of the total market share.

Based on the application, the global biostimulants market has been segmented into foliar treatment,
soil treatment, and seed treatment. Among these, foliar treatment represents the largest market
share.

Based on the end-user, the global biostimulants market can be bifurcated into farmers, research
organizations, and others. Currently, farmers account for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Europe currently dominates the global market.

Some of the major players in the global biostimulants market include Agrinos AS, Adama LTD., BASF
SE, Bayer, Biolchim SpA., Biostadt India Ltd., Isagro, Italpollina SpA, Koppert B.V., Novozymes,
Syngenta, Valagro SpA, etc.

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