Bio Stimulants Market By Origin (Natural Biostimulants & Biosynthetic Biostimulants), Active Ingredient (Humic Acid, Fulvic Acid, Aminoacids, Protein Hydrolysates, Seaweed Extracts, & Others), By Application (Foliar, Soil, & Seed), By Form (Liquid & Dry), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027
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.
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.
- 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.
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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, binding regulations, and soaring encouragement for the application of bio stimulants based on seaweed extracts is further fuelling the progress of the Bio Stimulants Market in the Asia-Pacific region.
Bio Stimulants Market Drivers
Surging Applications Of Seaweed Extracts In Bio Stimulants Are Projected To Drive The Growth Of Bio Stimulants Market
Presently plant bio stimulants are regarded as a fully-developed group of agri-inputs and greatly appealing business opportunity for principal actors of the agroindustry. Seaweed extracts are extensively recognized as substances with the capacity of mitigating abiotic stress and improving plant productivity. Seaweed extracts are derived from the extraction of numerous macroalgae species, which relies on the extraction methodology and results in the generation of complicated blends of biologically active compounds. Subsequently, plant responses are frequently inconstant, and accurately figuring out the involved mechanism of action stays greatly intricate. Currently, scientists all across the world have been interested in investigating the concealed mechanisms of action of these resources by way of the employment of multidisciplinary and high-throughput approaches, integrating plant physiology, molecular biology, agronomy, and multi-omics methods. The application of seaweed-based bioproducts has been acquiring momentum in crop production systems owing to their rare bioactive constituents and impacts. They possess phytostimulatory characteristics that lead to heightened plant growth and yield parameters in numerous valuable crop plants. They possess phytoelicitor action owing to their constituents stimulating defense responses in plants that contribute to resistance to numerous pests, ailments, and abiotic stresses inclusive of drought, salinity, and cold. This is frequently connected to the upregulation of significant defense-associated genes and pathways in the plant system, priming the plant defenses against future attacks. The brown seaweeds include 17–45% alginates and 5–20% fucoidan and laminarins, which have been connected to soaring bioactivity when utilized in plants. Seaweeds usually include polysaccharides up to 76% of dry weight, however, the content also demonstrates seasonal alterations. The surging applications of seaweed extracts in bio stimulators are therefore fuelling the growth of the Bio Stimulants Market during the forecast period 2022-2027.
Proliferating Applications Of Bio Stimulants To Boost Fruit Crop Performances Are Expected To Rise the Demand Of Bio Stimulants:
The fruit industry is eagerly probing for novel technologies to boost the sustainability of the production systems and enhance the final quality of fresh produce. Bio stimulants are bio-technological innovations that can link together distinct bio-based industries in the outlook of a more circular economy. Tolerance toward water stress was accomplished subsequent to arbuscular mycorrhizal fungi (AMF) inoculum in citrus and grapevine trees under water shortage. Raised tolerance is typically elucidated by a heightened water uptake by the root systems after inoculation, integrated with a greater concentration of osmolytes (proline, glycine betaine, sugars) which serve as protective agents at cells level. Mycorrhization was also recorded to contrast the adverse consequences of salinity in apple, citrus, grapevine and strawberry. Canopy applications of additional microbial biostimulants (like plant growth-promoting bacteria, PGPB) heightened cold tolerance in grapevine. The mode of action of PGPB includes a greater augmentation of cold-stress-related metabolites (starch, proline, and phenolics) in plant tissue in integration with an improved scavenging activity offered by numerous antioxidant compounds. Microbial (AMF and PGPB) and non-microbial biostimulants (humic acids, protein hydrolysates, seaweed extracts) can contrast nutrient limitation thanks to several synergic modes of action. AMF and PGPB were recorded to boost the capacity of the root system to grow and investigate a bigger portion of soil volume, whereas humic acid and fulvic acids partly changed the soil physico-chemical characteristics (for example pH, cation exchange capacity), boosting the nutrient accessibility for particular mineral nutrients while decreasing the leaching losses of others. Seaweed products were utilized at concentrations ranging from 0.1 to 0.5%, principally as foliar sprays, frequently in integration with a reduced quantity of wetting agents. In certain investigations (on the grapevine and on sour orange), foliar and drench methods of application were compared, with contrasting outcomes. The proliferating applications of bio stimulants to boost fruit crop performances are therefore driving the growth of the Bio Stimulants Market during the forecast period 2022-2027.
Bio Stimulants Market Challenges
Regulatory Challenges For The Development Of Bio Stimulants Are Hampering The Growth Of The Bio Stimulants Market:
Though the data are qualitative instead of statistical, as widely recognized by EBIC (‘European Biostimulants Industry Council’), they signify a constantly growing market (of around 10% or more per year), whatever indicator is utilized (sales, treated hectares, number of users) with certain challenges. Challenges to the establishment of bio stimulants are of scientific, technical, and regulatory nature. The principal scientific challenge is the complexity of the physiological impacts of bio stimulants. The processes are subject to compact homeostatic regulations which originate from millions of years of biological evolution and elucidate why plants occupy particular ecological niches and demonstrate characteristic phenotypic responses to fluctuating environments. Acting on such biological processes is challenging and attention needs to be aimed at the numerous cross-talks between processes and pathways in plant organisms in their response to their environment. Technical challenges involve the formulation and mixing of bio stimulants with additional fertilizing materials and/or plant protection products. Regulatory challenges are associated with the classification and pre-market evaluation of bio stimulants, and intellectual property. It is to date unclear whether and where bio stimulants will be regulated as such, which means being recognized as a particular regulatory classification by national or supranational laws. These issues are thus hampering the growth of the Bio Stimulants Market.
Bio Stimulants Industry Outlook:
Novel product launches, mergers and acquisitions, partnerships, capacity expansions and continued R&D activities are key strategies adopted by players in the Bio Stimulants Market. Key companies of this market are:
- BASF SE
- Biostadt India Limited
- Biovert S.L.
- Hello Nature International
- Koppert B.V.
- Biostadt India Ltd.
- Valagro Biosciences Ltd.
- Novozymes A/S
- In May 2022, BASF quit Bio-Gene Technology’s (BGT) stored grain pest program. Bio-Gene, BASF, the Department of Agriculture & Fisheries Queensland Government (DAF), and the Grains Research & Development Corporation (GRDC) have all been engaged together to conduct trial products that include BGTs Flavocide. Earlier this year, Bio-Gene declared that it had successfully finished the nine-month investigation on key stored grain pests.
- In March 2022, Sipcam Nichino launched a bio stimulants platform recommended for several Brazilian crops. As per the firm, it is a high technology resource for boosting the productive potential of crops from planting to harvesting. Three products from the platform are already marketed individually in Brazil and profitably utilized in many cultures. The products marketed are Abyss®, Blackjak®, and Nutex® Premium.
- In March 2021, BASF and AgBiome endorsed an agreement to bring a novel biological fungicide to the market in Europe, the Middle East, and Africa. Established by AgBiome, and marketed as Howler® in the U.S., the biological fungicide with numerous modes of action offers preventive, long-lasting action on an extensive spectrum of soilborne and foliar ailments. BASF will back the further establishment and registration and will be the exclusive distributor in Europe, the Middle East, and Africa.
Seaweed Extracts Market – Forecast (2022 - 2027)
Report Code: CPR 0111
European Plant Extracts Market –
Forecast (2022 - 2027)
Report Code: FBR 0351
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