Biostimulants are biologically derived fertilizers that are used for increasing crop yield. These additives helps plants to boost nutrients efficiency and improve quality attributes such as appearance and shelf-life. The agriculture biostimulants encompasses a diverse group of products which includes seaweed extracts, humic acids, biochemical materials, microbial inoculants, amino acids, and others.
Biostimulant is a substance that is used to foster the plant growth by improving the metabolism of the plant and it finds application in agriculture and horticulture. It is derived from natural resources and some of the most common biostimulants used are humic acids, liquid manure composting, seaweed extracts, and beneficial bacteria and fungi. Biostimulant enhance overall plant growth by influencing other factors such as root diameter, root growth, increased microbial activity, and soil water holding capacity. This enhance plant tolerance and resistance to abiotic stresses.
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Based on active ingredients,is segregated into acid-based, extract-based, and others. In 2018, acid-based segment accounted for the largest revenue share of 59.4% in the global biostimulants market. However, extract-based segment is predicted to record fastest growth in terms of revenue during the forecast period (2019 to 2027).
On the basis of region, Europe accounted for the largest revenue share in 2018 and contributed for the revenue share of 41.0% in 2018, followed by Asia Pacific and North America. The regional growth is driven by the rising demand for biostimulants as an alternative to chemical-based products in agriculture.
Global Biostimulants Market, By Application:
Global Biostimulants Market, By Crop Type:
Fruits & Vegetables
Turfs and Ornamentals
Other Crop Types
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Key companies covered as a part of this study include Acadian Seaplants Limited, Biostadt India Limited, Omex Agrifluids Ltd, Italpollina Spa, Koppert B.V., Bio Atlantis Ltd., BASF SE, Novozymes A/S, Agrinos A/S, and Platform Specialty Products Corporation
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