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Biostimulants Market, Global Industry Size Forecast [Latest]

The biostimulants market is estimated at USD 4.3 billion in 2024 and is projected to reach USD 7.6 billion by 2029, at a CAGR of 12.0% from 2024 to 2029

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Biostimulants Market, Global Industry Size Forecast [Latest]

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  1. Unveiling the Power of Biostimulants: Enhancing Agricultural Productivity and Sustainability Theglobal biostimulants marketisprojectedtoreachUSD7.6billionby2029fromUSD4.3billionby2024,ataCAGRof12.0%duringtheforecastperiodintermsofvalue.Biostimulantsaresubstancesormicroorganismsappliedtoplantsorthesoiltoenhanceplantgrowth,health,andstresstolerance.Unlikefertilizers,whichprovideessentialnutrientstoplants,biostimulantsworkbypromotingphysiologicalprocessesinplants,suchasnutrientuptake,hormoneregulation,andstressresponsemechanisms.Theycanbederivedfromvarioussources,includingseaweedextracts,humicacids,beneficialmicroorganismslikebacteriaandfungi,andplant extracts. Biostimulantsareusedinagriculturetoimprovecropyield,quality,andresiliencetoenvironmentalstressessuchasdrought,salinity,anddisease.Theycanalsocontributetosustainablefarmingpracticesbyreducingtheneedforsyntheticfertilizersandpesticides.Additionally,biostimulantsmayenhancesoilfertilityandmicrobialactivity,leadingtohealthierecosystemsinagriculturallandscapes. BiostimulantsMarketGrowthDrivers Herearesomeofthebiostimulants market growth driversare-

  2. IncreasingDemandforOrganicProducts:Withgrowingawarenessaboutenvironmentalsustainabilityandhealthconcerns,consumersareincreasinglyseekingorganicproducts.Biostimulantsareseenasasustainableandeco-friendlysolutiontoenhancecropyieldswithoutrelyingheavilyonchemicalinputs.IncreasingDemandforOrganicProducts:Withgrowingawarenessaboutenvironmentalsustainabilityandhealthconcerns,consumersareincreasinglyseekingorganicproducts.Biostimulantsareseenasasustainableandeco-friendlysolutiontoenhancecropyieldswithoutrelyingheavilyonchemicalinputs. • NeedforSustainableAgriculture:Traditionalagriculturalpracticesoftenleadtosoildegradation,waterpollution,andthelossofbiodiversity.Biostimulantsofferasustainableapproachbypromotingplantgrowth,improvingnutrientuptake,andenhancingstresstolerance,therebyreducingtherelianceonsyntheticfertilizersandpesticides. • GovernmentSupportandRegulations:Manygovernmentsworldwideareimplementingpoliciesandregulationstopromotesustainableagricultureand • reducechemicalusage.Incentives,subsidies,andregulatoryframeworkssupportingtheuseofbiostimulantshavespurredmarketgrowth. • TechnologicalAdvancements:Ongoingresearchanddevelopmenteffortshaveledtothedevelopmentofinnovativebiostimulantproductswithimprovedefficacyandtargetedfunctionalities.Advancementsinbiotechnology,nanotechnology,andformulationtechniquesaredrivingmarketexpansion. • ClimateChangeChallenges:Climatechange-inducedstressessuchasdrought,extremetemperatures,andsoildegradationposesignificantchallengestoglobalagriculture.Biostimulantshelpplantscopewiththesestressesbyimprovingtheirresilienceandadaptability,therebyfosteringtheiradoptionamongfarmers. • IncreasingCropProductivityandQuality:Biostimulantshavebeenshowntoenhancecropproductivity,quality,andyieldconsistency.Astheworldpopulationgrows,thereisarisingneedtoincreaseagriculturaloutputsustainablytomeetfooddemand,drivingtheadoptionofbiostimulants. • ExpansionofPrecisionAgriculture:Theadoptionofprecisionagriculturetechnologies,includingdrones,sensors,anddataanalytics,isfacilitatingthetargetedapplicationofbiostimulants.Thisoptimizeduseenhancestheireffectivenessandreduceswastage,contributingtomarketgrowth. • Biostimulants Market Opportunities:Increaseadoptionofprecisionagriculture. • Oneopportunityinthebiostimulantsmarketistheincreasingadoptionofprecisionagriculturetechnologies.Precisionagricultureutilizesdata-drivenapproachessuchasremotesensing,GPSguidancesystems,anddataanalyticstooptimizecropmanagementpracticesandresourceuseefficiency.Biostimulantscancomplementprecisionagriculturetechniquesbyprovidingtargetedsolutionstospecificagronomicchallengesidentifiedthroughprecisionfarmingdataanalysis. • Europetodominatethebiostimumlantsmarketduringtheforecastperiod.

  3. Europeanfarmersandpolicymakersincreasinglyprioritizesustainableagriculturalpracticestoaddressenvironmentalconcerns,reducechemicalinputs,andenhancefoodsecurity.Biostimulantsalignwellwiththesegoalsastheyoffersolutionstoimprovesoilhealth,cropresilience,andyieldsustainability.Europeanconsumersareincreasinglydemandingenvironmentallyfriendlyandsustainablyproducedfoodproducts.Thisconsumertrendtranslatesintoagrowingmarketdemandforbiostimulant-treatedcrops,promptingfarmerstointegratebiostimulantsintotheiragriculturalpractices.Europeanfarmersandpolicymakersincreasinglyprioritizesustainableagriculturalpracticestoaddressenvironmentalconcerns,reducechemicalinputs,andenhancefoodsecurity.Biostimulantsalignwellwiththesegoalsastheyoffersolutionstoimprovesoilhealth,cropresilience,andyieldsustainability.Europeanconsumersareincreasinglydemandingenvironmentallyfriendlyandsustainablyproducedfoodproducts.Thisconsumertrendtranslatesintoagrowingmarketdemandforbiostimulant-treatedcrops,promptingfarmerstointegratebiostimulantsintotheiragriculturalpractices. Top Biostimulants Companies Keyplayerswithinthismarketconsistofreputableandfinanciallyrobustbiostimulantsmanufacturers.Theseentitiesboastextensiveindustrytenure,offeringdiversifiedproductportfolios,advancedtechnologies,androbustglobalsalesandmarketingnetworks.ProminentcompaniesinthismarketincludeBASFSE(Germany),UPL(India),FMCCorporation(US),RalliesIndiaLimited(India),SumitomoChemicalCo.,Ltd.(Japan),Corteva.(US),Nufarm(Australia),SyngentaCropProtectionAG(Switzerland),PIIndustries(India),ILSAS.p.A.(Italy),CoromandelInternationalLimited(India),HaifaGroup(Isarel),T.StanesandCompanyLimited(India),GowanCompany(US),andKoppert(TheNetherlands).

  4. Corteva(US):Cortevaisasignificantplayerintheagriculturalindustry,offeringarangeofproductsincludingbiostimulants.Theyfocusonprovidinginnovativesolutionstoenhancecropproductivityandsustainability.Theirmarketshareinbiostimulantsmayvarydependingontheirproductofferings,distributionnetworks,andregionalpresence.Corteva(US):Cortevaisasignificantplayerintheagriculturalindustry,offeringarangeofproductsincludingbiostimulants.Theyfocusonprovidinginnovativesolutionstoenhancecropproductivityandsustainability.Theirmarketshareinbiostimulantsmayvarydependingontheirproductofferings,distributionnetworks,andregionalpresence. • Nufarm(Australia):Nufarmisaglobalagriculturalchemicalcompanythatproducesawiderangeofcrop protectionproducts,includingbiostimulants.TheyareknownfortheirstrongpresenceinAustraliaandhavebeenexpandingtheirmarketinternationally.Nufarm'smarketshareinbiostimulantsmaybeinfluencedbytheirdiverseproductportfolioandmarketpenetrationefforts. • SyngentaCropProtectionAG(Switzerland):Syngentaisaleadingglobalagribusinesscompanyknownforitscropprotectionproducts,seeds,andbiotechnologytraits.Theyhaveasignificantpresenceinthebiostimulantsmarket,offeringproductsaimedatenhancingplantgrowth,yield,andstresstolerance.Syngenta'sstrongresearchanddevelopmentcapabilitiescontributetotheircompetitivepositioninthebiostimulantsindustry. • GowanCompany(US):GowanCompanyisafamily-ownedagriculturalsolutionsproviderbasedintheUnitedStates.Whiletheymaynothavethesamescaleassomelargercompetitors,theyhavecarvedoutanicheinthemarketwiththeirfocusondevelopingandmarketingcropprotectionandenhancementproducts,includingbiostimulants.Theirmarketsharemaybemorelocalizedorspecifictocertaincropsorregions. • Koppert(TheNetherlands):Koppertisagloballeaderinbiologicalcropcontrol,specializinginbiologicalcropprotectionandnaturalpollinationsolutions.Theyofferarangeofbiostimulantproductsaimedatimprovingplanthealth,nutrientuptake,andresiliencetoenvironmentalstress.Koppert'sexpertiseinbiologicalsolutionsgivesthemauniquepositioninthebiostimulantsmarket,particularlyamonggrowersseekingsustainableandenvironmentallyfriendlyoptions. • Biostimulants Industry News: • InMarch2023,SumitomoChemicalIndiaLtd.(India)introducedPromalin,itshighlyanticipatedBiorationalproduct,inShimla,HimachalPradesh.DevelopedthroughextensiveresearchbyValentBiosciences,basedinIllinois,USA,asubsidiaryofSumitomoChemicalCo.,Ltd.(Japan).PromalinisrenownedforitsadvancedBiorationalsolutions.ThismarksthefirstlaunchofPromalininIndiabySumitomoChemicalIndiaLtd.Theproductcomprisestwokeyingredients:ablendoftwonaturalgibberellinscommonlyfoundinplants,namelyGibberellins4andGibberellins7,andanaturallyoccurringcytokinincompound,6-Benzyladenine.

  5. InAugust2022,BASFVentureCapitalGmbHandAqua-SparkinvestedinSeadEnergyPvt.Ltd.duringaSeriesBfundinground,totalingINR1402million(approximatelyUSD18.5million).SeadEnergyspecializesinproducingbiostimulantsforagricultureusingredseaweed,asustainablerawmaterialmainlyfoundintropicalwatersinAsia.Theirintegratedmodelincludescultivationtechnologysuitedfordeepwatersandadverseweatherconditions,aidedbysatelliteimagerytooptimizeseaweedfarmlocations.WithoperationsinBali,Indonesia,forcommercialseaweedfarmingandprocessingplantsinTuticorin,India,SeadEnergyleadsintropicalredseaweedproductionandprocessing.BASF'sinvestmentdiversifiesitsbiostimulantsportfolioandstrengthensitspositionintheemergingmarketforseaweed-derivedproducts.InAugust2022,BASFVentureCapitalGmbHandAqua-SparkinvestedinSeadEnergyPvt.Ltd.duringaSeriesBfundinground,totalingINR1402million(approximatelyUSD18.5million).SeadEnergyspecializesinproducingbiostimulantsforagricultureusingredseaweed,asustainablerawmaterialmainlyfoundintropicalwatersinAsia.Theirintegratedmodelincludescultivationtechnologysuitedfordeepwatersandadverseweatherconditions,aidedbysatelliteimagerytooptimizeseaweedfarmlocations.WithoperationsinBali,Indonesia,forcommercialseaweedfarmingandprocessingplantsinTuticorin,India,SeadEnergyleadsintropicalredseaweedproductionandprocessing.BASF'sinvestmentdiversifiesitsbiostimulantsportfolioandstrengthensitspositionintheemergingmarketforseaweed-derivedproducts. • RequestSamplePages: • https://www.marketsandmarkets.com/requestsampleNew.asp?id=1081 • BiostimulantsMarketSegmentation:ByActiveIngredients • HumicSubstances • Extracts • AminoAcids • MicrobialAmendments • Minerals&Vitamins • OtherActiveIngredients • ByCropType • Cerals&Grains • Oilseeds&Pulses • Fruits&Vegetables • Flowers&Ornamentals • CropTypes • ByModeofApplication • FoliarTreatment • SoilTreatment • SeedTreatment • ByRegion: • NorthAmerica

  6. Europe • AsiaPacific • SouthAmerica • RestoftheWorld(RoW) • KeyQuestionsAddressedbytheBiostimulants Market Report: • Whicharethemajorcompaniesinthebiostimulantsmarket?Whataretheirmajorstrategiestostrengthentheirmarketpresence? • Whatarethedriversandopportunitiesforthebiostimulantsmarket? • Whichregionisexpectedtoholdthehighestmarketshare? • Whatarethekeytechnologicaltrendsprevailinginthebiostimulantsmarket? • WhatisthetotalCAGRexpectedtoberecordedforthebiostimulantsmarketduring2024–2029? Formoreinformationaboutbiostimulantindustry,https://www.marketsandmarkets.com/Market-Reports/biostimulant-market-1081.html visit:

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