Biostimulants Market to increase by USD 1.51 billion between 2022 to 2027; ADAMA Ltd., Bayer AG, Bioiberica S.A.U., and more among key companies – Technavio

NEW YORK, Nov. 24, 2023 /PRNewswire/ — The biostimulants market size is expected to grow by USD 1.51 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 10.68% during the forecast period, according to Technavio. Increasing demand for biostimulants in the agricultural industry is notably driving the biostimulants market. However, factors such as rise in demand for fertilizers may impede market growth. The market is segmented by Product (Acid-based, Extract-based, and Others), Application (Foliar, Soil, and Seed), Type (Row crops and cereals, Fruits and vegetables, Turfs and ornaments, and Others), and Geography (Europe, APAC, North America, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the biostimulants market, including  ADAMA Ltd., Bayer AG, Bioiberica S.A.U., Biolchim Spa, Biostadt India Ltd., Biovert SL, Crop Demetra Ltd., FMC Corp., Haifa Group, Idai Nature S.L, Italpollina Spa, Koppert, Micromix Plant Health Ltd., Novozymes AS, OMEX, RAG Stiftung, SEIPASA SA, SICIT Group Spa, UPL Ltd., and Atlantica Agricola. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report.

Biostimulants Market 2023-2027: Company Analysis

ADAMA Ltd:- The company offers biostimulants such as Brevis.

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Biostimulants Market 2023-2027: Segmentation

Product

The acid-based segment will be significant during the forecast period. Generally, seaweed extracts and ascophyllum nodosum are some of the most used extract-based biostimulants. These biostimulants improve soil properties, including water retention capability and soil porosity. These biostimulants facilitate microbial activities in the soil, thereby enhancing nutrient uptake and utilization in plants. However, acid-based biostimulants support vegetative growth, early flowering, flower and fruit maturity, and fruit quality. The development of this segment is primarily attributed to the increasing adoption of  Biostimulants, which is driven by an increase in the global demand for the Biostimulants Industry.

Geography 

North America will account for 32% of the global market growth. Factors like the presence of leading biostimulant manufacturers further support market growth in the country. Furthermore, the increasing agricultural activities, including soybean, hogweed, wheat, and grapes cultivation, contribute to the rising consumption of biostimulants. Consequently, the biostimulants market in the US is expected to grow during the forecast period.Europe, APAC, South America, and Middle East and Africa.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Biostimulants Market 2023-2027: Key Highlights

Historic Market Size 2017-2021CAGR of the market during 2023-2027Detailed information on factors that will assist biostimulants market growth during the next five yearsEstimation of the biostimulants market size and its contribution to the parent marketForecasts on upcoming trends and changes in consumer behaviorThe growth of the biostimulants marketAnalysis of the competitive landscape and detailed information on companiesComprehensive details of factors that will impede the growth of biostimulants market companies

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Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio