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AGRICULTURE & ALLIED ACTIVITIES

Bio-stimulants Market Segmentation By Active Ingredient [Protein Hydrolysates, Acids (Amino acids, Fulvic Acids, and Humic Acids), Sea-wood Extracts And Others]; By Crop Type (Row Crops & Cereals, Fruits & Vegetables, Turf & Ornamentals, and Others); By Application (Soil, Seed, Foliar) - Global Demand Analysis And Opportunity Outlook 2027

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Global Bio-stimulant Market Overview

Bio-stimulants are microbe based agricultural products which stimulate crop vigor, yields, quality and tolerance of abiotic stresses. These stimulants are derived from various micro-organisms and also includes formulation of compounds and substances. Application of bio-stimulants in plants helps the plants to grow in an organic manner, preventing the utilization of chemical pesticides.

Bio-stimulants acts a catalyst in overall plant developmental stages which results in improved uniformity and crop quality. It helps a plant to combat with a spectrum of environmental stresses. The working mechanism of bio-stimulants is completely different as compared with the standard fertilizers and provides essential nutrients for plant metabolism. The metabolic pathways are deeply associated with the overall plant development. Bio-stimulants upregulates gene expression which influences overall shoot and root development, cell division and reproductive development.

Market Size and Forecast

The global bio-stimulants market is experiencing vibrant growth on the back of rising crop production, increasing preferences for organic farming methods as well as for the demand for greater production of crops to meet the demand supply gap and avoidance of food shortage. As per the statistics by Foreign Agricultural Service (FAS), production of wheat, coarse grains, rice and milled, oil seeds and total grains for the period 2016-17 were recorded as 756.5 million metric tons, 1413.7 million metric tons, 490.8 million metric tons, 572.8 million metric tons, and 2661 million metric tons respectively. CLICK TO DOWNLOAD SAMPLE REPORT

Global Crop Production (2016-2017)

The global bio-stimulants market is anticipated to record a CAGR of around 13% over the forecast period 2018-2027, with a market valuation of USD 2.25 billion in the year 2018. Concern for decreasing arable land, which is anticipated to impact the crop yield around the globe is considered to be the key driving factor behind the use of pesticides in crop farming. Application of bio-stimulants helps to mitigate such concern by increasing the overall crop productivity in the limited available land resources. As per the statistics provided by The World Bank, arable land decreased from 0.198 hectares per person in 2012 to 0.193 hectares per person in 2016.

world Arable land

The market is segmented by application into soil, seed and foliar, out of which, foliar segment is anticipated to hold the largest market share. While treating the plant with the help of bio-stimulants by foliar application, the plants absorb the nutrients in a much easier manner. Plant pores or stomata present in the leaves absorb the nutrients much faster than the roots. Spraying the bio-stimulants in the leaves of the plants thereby proves to be an efficient application procedure.

Growth Drivers

Expansion Of Organic Food Industry

Growing concerns for health diseases is helping to shift the preferences of consumers to organic food products. Consumers tend to buy organic food, which is also raising the demand amongst food producers to make it available across stores around the globe. According to United States Department of Agriculture, organic food products are available in nearly 20, 000 natural food stores and in nearly 3 out of 4 conventional grocery stores. Moreover, the statistics also stated that organic sales accounted for over 4% of total U.S. food sales. Bio-stimulants promotes microflora of the soil and helps for the organic growth of crops. The rising demand for organic crops around the globe is anticipated to raise the demand for greater consumption of bio-stimulants. Such a factor is anticipated to drive the growth of the global bio-stimulants market. According to the Soil Association of the United Kingdom, sales of organic products in the United Kingdom grew Y-o-Y with +4.5% in the year 2012 to +5.3% in the year 2018.

United Kingdom Y-o-Y Sales of Organic Products (in %), 2012-18

Growing Concerns For The Environment

Trending concerns for the environment globally is raising the need for the practice of sustainable agriculture methods. Rising stringent norms by the government and the restriction in the utilization of chemical pesticides is limiting the utilization of chemical fertilizers and stimulants across the globe and further encouraging the application of biofertilizers. Furthermore, frequent application of chemical based agricultural products has led to the depletion of the soil fertility as well as in the nutrient content. Owing to such a factor, farmers are increasingly preferring for bio-stimulants so as to prevent from such degrading activity and thereby produce a healthy yield.

Restraints

Lack Of Awareness Amongst Farmers

Lack of knowledge in the benefits of the utilization of bio-stimulants amongst the farmers is anticipated to act as the key restraint factor towards the growth of the global bio-stimulants market.

Market Segmentation

By Active Ingredient

  • Protein Hydrolysates
  • Acids
    • Amino Acids
    • Fulvic Acids
    • Humic Acids
  • Sea-wood extracts
  • Others

By Crop Type

  • Row Crops & Cereals
  • Fruits & Vegetables
  • Turf & Ornamentals
  • Others

By Application

  • Soil
  • Seed
  • Foliar

By Region

On the basis of regional analysis, global bio-stimulants market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Europe is anticipated to hold the largest market share on the back of stringent rules on environmental safety followed by the active support for organic farming. Furthermore, Asia-Pacific region is expected to grow rapidly in the forecast period for the presence of nations, such as, India, China and Australia among others, whose economy is based on agriculture.

Global bio-stimulants market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Key Players

  • Novozymes A/S
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Biolchim S.p.A
  • Biostadt India Limited
  • BASF SE
  • Isagro S.p.A
  • Koppert B.V
  • Italpollina S.p.A
  • Sapec Group
  • Platform Speciality Product Corporation
  • Valagro S.p.A

 


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