Bio Stimulants Market Overview
Bio Stimulants Market size is estimated to reach $5.8 billion by 2027, growing at a CAGR of 11.9% during the forecast period 2022-2027. Bio stimulants apply to microbe-based agricultural chemicals that are utilized to advance plant development organically. They are produced by utilizing different active ingredients, inclusive of humic acid, fulvic acids, seaweed extracts, amino acids, vitamins, trace minerals, polysaccharides, and microbial modifications. Bio Stimulants are utilized on the soil, seed, or leaves of cereals, grains, fruits, vegetables, oilseeds, and additional plantation crops to improve the nutrient accessibility, tolerance to environmental stresses, water holding capacity, metabolism, and generation of chlorophyll. They also boost the antioxidant action and encourage root development and cell enlargement in the plant. For micronutrients, there are identified basic, and certainly almost basic (plant-particular), nutrients utilized by plants to encourage an assortment of enzymatic reactions and cofactors. N-P-K blends presently involve dry granular micronutrients to more applications of liquids both in the soil and over the top of growing crops for a more instantaneous foliar crop response. Enzymes are important activators in the soil and are recognized to serve a valuable role in keeping up soil health and its environment. A rare balance of chemical, physical, and biological (inclusive of microbial specifically enzyme actions) constituents contribute to maintenance to the soil. Custom Enzymes has developed enzyme-based formulations for organic agriculture.
The booming agriculture industry, together with the surging acceptance of organic farming practices is set to drive the Bio Stimulants Market. The snowballing partnerships of firms in the Bio Stimulants Market with specialists and researchers to idealize the technique of recognizing, isolating, extracting, and concentrating particular bio-compounds from seaweed to develop a series of efficient bio stimulant products involving seaweed extracts are set to propel the growth of the Bio Stimulants Market during the forecast period 2022-2027. This represents the Bio Stimulants Industry Outlook.
Report Coverage
The report: “Bio Stimulants Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Bio Stimulants Market.
Key Takeaways
- Geographically, Europe Bio Stimulants Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the proliferating existence of agricultural operations and the accessibility of numerous variants of acid and extract-based bio stimulants including seaweed extracts for distinct crop types favored by the user in the European region.
- Bio Stimulants Market growth is being driven by the budding organic food industry and the surging launches of bio stimulants based on seaweed extracts. However, the dearth of transparency in patent protection laws in different countries has resulted in the predominance of low-quality products and this is one of the major factors hampering the growth of Bio Stimulants Market.
- Bio Stimulants Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Bio Stimulants Market report.
Bio Stimulants Market: Market Share (%) by Region, 2021
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Bio Stimulants Market Segment Analysis – By Application:
The Bio Stimulants Market based on the application can be further segmented into Foliar, Soil, and Seed. The Foliar segment held the largest market share in 2021. This growth is owing to the surging application of foliar treatment attributed to its advantages like quicker absorption of nutrients and heightened cellular activity. The application of the foliar spray technique allows the farmer to cover the principal quantity of field with the minimum quantity of bio stimulant and also reduces bio stimulant wastage. The soaring application of foliar spray which include seaweed extracts is further propelling the growth of the Foliar segment.
Furthermore, the Soil segment is estimated to grow with the fastest CAGR of 12.1% during the forecast period 2022-2027, owing to the application of bio stimulants for soil treatment to advance growth, fertility and productivity including surging application of seaweed extracts for enhancing soil health and soil fertility.
Bio Stimulants Market Segment Analysis – By Crop Type:
The Bio Stimulants Market based on crop type can be further segmented into Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, and Others. The Grains & Cereals Segment held the largest market share in 2021. This growth is owing to the soaring application of bio stimulants to enhance crop quality and productivity. Bio stimulants based on seaweed extracts may be extensively utilized. The surging intake of cereals and grains across the world and the proliferating application of bio stimulants by emerging economies like China and India that produce most of the cereals and grains are further propelling the growth of this segment.
Furthermore, the Fruits & Vegetable segment is estimated to grow with the fastest CAGR of 12.6% during the forecast period 2022-2027, owing to the application of bio stimulators, which may be based on seaweed extracts to enhance crop performance by boosting tolerance of fruit tree crops to abiotic stress in fruit tree crops.
Bio Stimulants Market Segment Analysis – By Geography:
The Bio Stimulants Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and Rest of the World. Europe (Bio Stimulants Market) held the largest share with 37% of the overall market in 2021. The growth of this region is owing to the binding regulations on environmental security and backing for organic farming in the European Union. For example, Germany developed the product classifications termed Plant strengtheners (Pflanzenstärkungsmittel), Soil improvers (Bodenhilfsstoffe), and Plant aid agents (Pflanzenhilfsstoffe). Biostimulant" products may come under these three product classifications. The complex aspect is that “plant strengtheners are regulated under the PPP legislation, whereas soil improvers and plant aid agents are regulated under the fertilizer law”. The soaring application of bio stimulants based on seaweed extracts attributed to the beneficial effects of seaweed extracts like their capability to encourage different processes in the plant system which would ultimately permit for improved growth and productivity of plants is further propelling the growth of the Bio Stimulants Market in the European region.
Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the existence of different manufacturing firms together with the accelerated development of agriculture-based economies like India and China in the Asia-Pacific region. The surging product application attributed to the expanding population, bi
