The global biostimulants market is estimated to witness growth at a compounded annual growth rate (CAGR) of 11.5% during the forecast period of 2022 to 2030.
Oilseeds, soil, grains, fruits, vegetables, and other plantation crops may be treated with biostimulants, which are organic chemicals or substances based on microbes, to increase their metabolism, nutrient availability, tolerance to environmental stresses like disease or drought, water holding capacity, and chlorophyll production. These biologically produced fertilizers also encourage plant root growth and cell expansion while boosting antioxidant activity.

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GROWTH DRIVERS:
In addition, both the demand for food and the world population are expanding quickly. However, the food industry is currently dealing with a number of previously unheard-of difficulties, such as environmental dangers, including the negative effects of climate change, overuse of natural resources, such as the excessive application of chemical-based products to crops, loss of biodiversity, and food loss and waste. Because of this, the industry is no longer able to meet public needs. Here, biostimulants are increasingly employed alongside organic manure to improve soil fertility and plant health and are emerging as a crucial part of sustainable farming methods. Due to their environmental friendliness, they are replacing chemical-based agroproducts more and more, which is causing their market to expand.
Ample growth opportunities for the global biostimulants market are also anticipated during the forecast period due to additional factors including the proliferation of new bio-based product introductions, rising disposable incomes and consumer spending, the expansion of market players offering specialized product solutions tailored to crop type and soil, and farmer training and education initiatives.
BIOSTIMULANTS MARKET SEGMENTATION:
By Active Ingredients:
· Acid-based
o Humic Acid
o Fulvic Acid
o Amino Acids
· Extract-based
o Seaweed extracts
o Other Botanical Extracts
· Microbial Amendments
· Others
o Vitamins
o Trace Minerals
o Polysaccharides

By Application:
· Soil Treatment
· Seed Treatment
· Foliar Spray

By Form:
· Liquid
· Dry

By Crop Type:
· Cereals & Grains
· Oilseeds & Pulses
· Fruits & Vegetables
· Turfs & Ornamentals
· Others
o Forage
o Plantation Crops

By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa

KEY COMPANIES IN BIOSTIMULANTS MARKET:
· Bayer AG
· Syngenta AG
· BioAtlantis Ltd.
· Agrinos Inc.
· Andermatt Biocontrol AG
· Som Phytopharma India Limited
· Novozymes A/S
· BASF SE
· Valagro S.p.A
· FMC Corporation
· Rallis India Limited
· Haifa Group
· Marrone Bio Innovations Inc.
· Biolchim SpA
· Italpollina SpA
· Biostadt India Limited
· Olmix S.A.
· Plant Health Care plc
· EuroChem Group AG
· Other Players

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