The Worldwide Agricultural Biostimulants Industry is Expected to Reach $8 Billion in 2030 – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Agricultural Biostimulants Market Size, Share, Trends, By Active Ingredient, By Form, By Crop Type, By Application, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.


The Agricultural Biostimulants Market size is expected to reach USD 8,166.0 Million in 2030 and register a revenue CAGR of 11.2% over the forecast period, according to the latest report.

Companies Mentioned

  • FMC Corporation
  • BASF SE
  • UPL Limited
  • Agricen
  • Marrone Bio Innovation
  • Biolchim SpA
  • Valagro SpA
  • Biostadt India Limited
  • Andermatt Biocontrol AG
  • Koppert B.V.
  • Micromix Plant Health Ltd

The rising awareness regarding the use of agricultural biostimulants and its efficacy to increase crop yield is expected to drive market growth over the forecast period. Rising demand for organic food products and increased export of fruits & vegetables are among other factors that are projected to support market expansion in the coming years.

Growing population and changing lifestyle have resulted in increased demand for organic food products. This, in turn, has resulted in increased acreage under organic farming, which is projected to drive market growth over the forecast period. Moreover, government initiatives to promote agricultural biostimulants are also expected to positively influence market expansion. For instance, in September 2019, the European Commission published a new legislative proposal on the use of biostimulants in agriculture. The proposal aims to create a level playing field for all market players and ensure the safety of end-users.

Agricultural biostimulants are biological or naturally-derived products which, when applied to seeds, crops or soils, stimulate plant growth and improve crop productivity. Biostimulants are a relatively new category of crop inputs and their use is increasing globally as growers seek ways to improve yields in the face of challenging growing conditions.

The agricultural sector is facing concomitant challenges of increasing productivity while sustaining the environment. According to the United Nations (UN), the world population is projected to increase by 2.3 billion people, from 7.7 billion in 2019 to 9.7 billion in 2050, with almost all of this growth occurring in developing countries.

The World Bank estimates that food production will have to increase by approximately 50% before 2050 to meet the increasing demand for food. Agricultural productivity will have to increase through higher application of technology and efficiency in the use of natural resources. Biostimulants are products that can be used as plant growth regulators or substrates for plants with the aim of improving one or more of their physiological processes to enhance crop development, yield, and quality.

For the purpose of this report, the publisher has segmented the Agricultural Biostimulants Market based on active ingredients, form, crop type, application, and region:

Active Ingredient Outlook (Revenue, USD Million; 2019-2030)

  • Humic Substances
  • Seaweed Extracts
  • Microbial Amendments
  • Amino Acids
  • Others

Form Outlook (Revenue, USD Million; 2019-2030)

  • Liquid
  • Dry

Crop Type Outlook (Revenue, USD Million; 2019-2030)

  • Fruits & vegetables
  • Cereals & Grains
  • Turf & Ornamentals
  • Oilseeds & pulses
  • Other crops

Application Outlook (Revenue, USD Million; 2019-2030)

  • Soil Treatment
  • Seed Treatment
  • Foliar Treatment
  • Others

Regional Outlook (Revenue, USD Million; 2019-2030)

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Rest of LATAM
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Rest of MEA

For more information about this report visit https://www.researchandmarkets.com/r/rxez9c


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