Biostimulants Market

Biostimulants Market by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Flowers & Ornamentals), Active Ingredients (Humic Substances, Seaweed Extracts), Form (Dry, Liquid), Mode of Application and Region - Global Forecast to 2028

Report Code: AGI 2920 Nov, 2023, by marketsandmarkets.com

[334 Pages Report] The biostimulants market is estimated at USD 3.9 billion in 2023 and is projected to reach USD 6.8 billion by 2028, at a CAGR of 11.8% from 2023 to 2028

Climate change and environmental concerns have become paramount in shaping agricultural practices. The unpredictability of climatic conditions, including shifts in temperature and increased frequency of extreme weather events, poses significant challenges to crop production. In this context, biostimulants emerge as valuable tools to help plants adapt to stress conditions induced by climate change. The capacity of biostimulants to enhance plant resilience, mitigate the impact of drought, and aid in acclimatizing crops to extreme temperatures positions them as essential components of climate-smart agriculture. As the agricultural sector grapples with the realities of a changing climate, the role of biostimulants in promoting crop adaptability becomes increasingly crucial for ensuring food security and sustainable farming practices.

The increasing adoption of organic farming practices has become a hallmark of contemporary agriculture, driven by a global shift towards sustainability and environmental consciousness. As consumers increasingly prioritize organic products, farmers are compelled to explore methods that align with these preferences. In this context, biostimulants play a pivotal role in organic farming by enhancing soil health and nutrient availability. Unlike traditional synthetic inputs, biostimulants foster plant growth and development through natural mechanisms, aligning seamlessly with organic farming principles.

Biostimulants Market

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Biostimulants Market

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Drivers: Strong demand for high-value crops

A high-value agricultural good is one that has a high economic value per kilogram (or pound) per hectare or calorie. Fruits, vegetables, meat, eggs, milk, and fish are examples of high-value items. The main drivers of expanding demand for high-value crops (fruits, vegetables, and plantation crops) are rising incomes, rapid urbanization, and greater awareness of fruits and vegetables' health advantages. Foreign direct investment (FDI) is another element that has accelerated the transition of agricultural production toward high-value agriculture. According to the FAD Statistical Yearbook 2020 Report, primary crop production in 2020 was 9.3 billion tons, up 52% from 2000. Sugar cane, com, wheat, and rice account for half of global primary crop production

Biostimulants are mostly utilized in permanent croplands on which fruits, tree nuts, ornamentals, and plantation crops are grown. The demand for biostimulants has been mostly concentrated in high-value crops, such as fiber crops (jute and cotton), plantation crops (cocoa, pepper, and rubber), and ornamentals, as they require their application to improve crop quality and yield.

Restraints: Commercialization of low-quality biostimulant products

The proliferation of low-quality items is due to a lack of openness in patent protection regulations in many countries. Despite the fact that the biostumulants industry has low entry barriers and has allowed many rivals to begin operations, the market has grown fragmented into smaller pockets of market holdings. This has been a factor in regional or local manufacturers releasing low-quality items into the market in order to capitalize on the increased demand for biostimulants. Farmers are also drawn to these products because of their affordable prices from small-scale domestic manufacturers. Similar product compositions from several competitors undermine both consumer loyalty and product brand value. The biostimulants market is predicted to be a niche industry with significant growth tendencies, which must be capitalized on by producing innovative products that work better on a wide range of crops. When a company fails to build its unique selling proposition in the biostimulants market, it will struggle to expand its presence beyond the regional market.

The regulatory framework for biostimulants, being unclear across many regulatory bodies in the world, has allowed the entry of these duplicate products. The product has been attempted to be defined appropriately only in the European Commission. According to the Biological Products Industry Alliance, the purpose of biostimulants is not treated the same among government authorities in different Asian countries; for instance, in China, it is mostly treated as fertilizers, while in Japan and South Korea, it is considered as plant growth regulators. This somehow restricts the market for biostimulants, as it becomes difficult for the farmers to trust the products with such vagueness about their application.

Opportunities: Technological advancements in the production of biostimulants

Agricultural biostimulants are compounds that can be applied directly to plants or soil to boost the physiological processes and ability of the plant to absorb nutrients from the soil, resulting in greater production and crop quality. Biostimulants are gaining popularity as plant growth boosters in the agricultural industry. Biostimulants were first employed exclusively for vegetables and fruit crops, as well as other high-value crops such as ornamentals and plantation crops. They now serve an essential role in traditional food crops such as com, went, and lovely by being used as a supplement to fertilizers to stimulate the crop's nutrient uptake process. Furthermore, biostimulants are completely compatible with integrated crop management methods that are a subset of sustainable agriculture.

Technological innovation in the biostimulant sector allows manufacturers to develop new products in the biostimulant and plant growth promotor segments. Valagro (Italy), a biostimulant and specialty nutrient manufacturer, has developed the GeoPower technology as the platform for biostimulant products. Under this technology, raw vegetable materials are selected and tested to locate and extract natural active ingredients, further formulated as specific crop nutrient products. Apart from Valagro, Sea6 Energy (India) is also an innovative company developing new technology platforms to manufacture biostimulant products. Sea6 Energy has developed some extraction processes to fractionate sea plants into different components tailored to be used as plant growth promotors and crop nutrient products. TARMA and SPURT are two of the company’s technologies provided to growers to enhance crop quality; AgroGain is a biostimulant product offered by the company based on these technologies. UPL has bought a new range of biostimulant products based on GoActiv Technology to Australia and designed to address specific crop physiological pain points or abiotic stresses in fruits, vegetables, tree crops, vines, and broadacre crops.

Challenges: Uncertainty in global biostimulant regulatory framework

Biostimulants are not governed by any uniform classification anywhere in the world. They are not classed as a distinct category with a standardized global definition. According to EBIC, there is disagreement in Europe over whether biostimulants should be classified as plant protection or plant nourishment, resulting in a divided set of contradictory perspectives on the goods. In France, they are classified as additives, whereas in Germany, they are sold as plant straighteners or growth promoters.

The European Biostimulants Industry Consortium (EBIC) has prepared a regulation based on the views and ideas of manufacturers and research institutes and put it for EU approval in order to consolidate the regulatory framework for biostimulants in Europe. However, biostimulant compounds must be repeatedly registered to assure compliance with the rules of each European country. The data requirements and parameter range also differ by EU member country.

Based on the mode of application, foliar treatment is estimated to account for the largest market share of the biostimulants market

Foliar treatments, a subset of biostimulants, involve the application of nutrient-rich solutions directly onto a plant's leaves. This method has gained widespread popularity due to its efficiency in delivering essential nutrients directly to the target plant tissues, bypassing soil-related limitations. As a result, farmers and agricultural professionals are increasingly turning to foliar treatments to maximize crop yields and address nutrient deficiencies. Foliar treatments contribute to sustainable agricultural practices by minimizing nutrient runoff and reducing the need for excessive fertilizer application. This aligns with the global push for environmentally friendly farming methods. Foliar treatments have proven highly effective across diverse crop categories. Horticultural crops, including vegetables, fruits, and ornamental plants, exhibit enhanced yield, quality, and visual appeal through targeted nutrient delivery. High-value crops, such as specialty fruits and herbs, benefit from improved nutrient uptake, elevating their market value. Stress-prone crops, like cereals and legumes, find support in foliar treatments, which bolster resistance to environmental challenges and enhance overall productivity. This versatile agricultural approach is increasingly recognized for its precision and efficiency in addressing the specific needs of different crops, contributing to a more resilient and productive farming landscape.

Based on crop type, fruits & vegetables is anticipated to have the highest growth rate in the market

Increasing consumer awareness regarding the impact of conventional farming on the environment and health has led to a rising demand for fruits and vegetables grown using organic and sustainable practices, further fueling the need for biostimulants. The surge in demand for biostimulants in the fruits and vegetables market reflects a broader shift towards sustainable and environmentally friendly agricultural practices. As the industry continues to evolve, businesses involved in the production and distribution of biostimulants are well-positioned to capitalize on this growing market. Some of the commonly used biostimulants for fruits & vegetables are- Seaweed extracts, another key category, are rich in essential nutrients. These extracts not only stimulate plant growth but also fortify plants against stress, ultimately enhancing their resilience and overall vigor. Their wide array of essential elements contributes significantly to plant health; Derived from decomposed organic matter, humic substances form another vital group of biostimulants. These substances play a pivotal role in enhancing soil fertility, increasing water retention, and improving nutrient availability. The result is a soil environment conducive to robust plant development; Amino acids and protein hydrolysates, as biostimulants, offer plants a readily available source of amino acids. This facilitates critical processes such as protein synthesis, nutrient absorption, and stress tolerance, contributing to the overall well-being of the plant.

By active ingredients, the Microbial amendments segment is projected to witness a higher growth rate during the forecast period

As businesses increasingly recognize the importance of sustainable and eco-friendly agricultural practices, the utilization of microbial amendments has become a focal point in enhancing soil health and promoting plant growth. In this article, we delve into the reasons behind the surge in demand for microbial amendments and explore the specific plant varieties benefiting from these innovative biostimulants. Several factors contribute to the increasing demand for microbial amendments in the biostimulant market. Firstly, the rising awareness of the environmental impact of traditional agricultural practices has led businesses to seek sustainable alternatives. Microbial amendments offer a compelling solution by harnessing the power of beneficial microorganisms to improve soil structure, nutrient availability, and overall plant health. Additionally, the growing emphasis on organic farming practices has spurred interest in biostimulants, as they align with the principles of sustainable and chemical-free agriculture. Microbial amendments, in particular, provide a natural and holistic approach to enhancing crop yields while minimizing the reliance on synthetic inputs.

Plant Varieties Benefiting: A key aspect of the burgeoning demand for microbial amendments lies in their compatibility with various plant varieties. These biostimulants have shown remarkable efficacy across a spectrum of crops, including but not limited to:

  • Cereals: Microbial amendments have demonstrated success in enhancing the growth and yield of cereal crops such as wheat, rice, and maize.
  • Fruits and Vegetables: Horticultural crops like tomatoes, peppers, strawberries, and various fruits have exhibited improved resilience and productivity with the application of microbial amendments.
  • Legumes: Given their ability to fix nitrogen from the atmosphere, microbial amendments are particularly beneficial for leguminous crops like soybeans, peas, and lentils.

The Europe market is projected to contribute the largest share of the global biostimulants market

In Europe, there is a heightened consumer awareness surrounding sustainability and environmental safety, contributing to the region's largest vegan population, notably in the UK and Germany. Veganz, a Berlin-based vegan supermarket chain, conducted a study revealing a doubling of the vegan population from 1.3 million to 2.6 million within four years (2016-2020). This trend is driving an increased demand for high-value crops, particularly vegetables and fruits, throughout the region.

Prominent players in the European biostimulants market, including BASF SE (Germany), Valagro (Italy), Biovert S.L (Spain), Koppert Biological Systems (Netherlands), Tradecorp International (Spain), and AgriTecno (Spain), are actively involved. The European market currently operates with a basic or minimal regulatory framework for biostimulant products. Consequently, a notable influx of startups, particularly in Spain and Italy, is observed. However, insights suggest that the region is on the verge of establishing a comprehensive regulatory framework to ensure the quality of products available in the market.

Biostimulants Market

Key Market Players

Key players operating in this market include BASF SE (Germany), UPL (India), Valagro (Italy), Gowan Group (US), FMC Corporation (US), ILSA S.p.A (Italy), Rallis India Limited (India), Haifa Group (Israel), ADAMA (Israel), Biovert-Manvert (Spain), Koppert (Netherlands), and AgriTecno (Spain). These players in this market are focusing on increasing their presence through expansion and collaboration. These companies have a strong presence in North America, Asia Pacific, and Europe.

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Scope of the Report

Report Metric

Details

Market size estimation

2023–2028

Base year considered

2022

Forecast period considered

2023–2028

Units considered

Value (USD Million), Volume (KT)

Segments Covered

By Crop Type, By Active Ingredients, By Mode of Application, By Form, and By Region

Regions covered

North America, South America, Europe, Asia Pacific, and Rest of the World

Companies studied

  • BASF SE (Germany)
  • UPL (India)
  • Valagro (Italy)
  • Gowan Group (US)
  • FMC Corporation (US)
  • ILSA S.p.A (Italy)
  • Rallis India Limited (India)
  • Haifa Group (Israel)
  • ADAMA (Israel)
  • Biovert S.L (Spain)
  • Koppert (Netherlands)
  • Tradecorp International (Spain)
  • AgriTecno (Spain)
  • Axeb Biotech SL (Spain)
  • MAFA Bioscience, S.A. (Spain)

Report Scope

Biostimulants Market:

By Crop Type
  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Flowers & Ornamentals
  • Others Crop types
By Active Ingredients
  • Humic substances
  • Seaweed extracts
  • Amino acids
  • Microbial amendments
  • Other active ingredients
By Mode of Application
By form
  • Dry
  • Liquid
By Region
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)

Recent Developments

  • In May 2022, UPL Limited (India) launched a new biosolution, Zoatin, which effectively facilitates plant uptake and utilization of phosphorus to improve crop health and yield, was launched by UPL and Chr. Hansen Holdings A/S. Zoatin uses microbiological technology to provide phosphorus availability to the soil. This will help both companies penetrate the biostimulant market in several geographies.
  • In March 2022, Haifa Group (Israel) expanded to Ecuador by signing an agreement to acquire Horticoop Andina, a wholesaler of nutritional products for agriculture. This will help Haifa Group become a strong player in plant nutrition in Latin America..
  • In March 2021, Gowan Company (US) announced the finalization of the purchase of Isagro S.p.A. Isagro S.p.A is now a privately owned company controlled by Gowan. In the coming months, Gowan will integrate the Isagro business. This purchase would expand Gowan Company’s commercial opportunities, deepen its scientific capabilities, and introduce its chemical synthesis.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 39)
    1.1 STUDY OBJECTIVES 
           1.1.1 MARKET DEFINITION
    1.2 MARKET SCOPE 
           1.2.1 MARKET SEGMENTATION
                    FIGURE 1 BIOSTIMULANTS MARKET SEGMENTATION
           1.2.2 INCLUSIONS & EXCLUSIONS
                    TABLE 1 BIOSTIMULANTS MARKET: INCLUSIONS & EXCLUSIONS
           1.2.3 REGIONS COVERED
    1.3 YEARS CONSIDERED 
    1.4 UNIT CONSIDERED 
           1.4.1 CURRENCY/VALUE UNIT
                    TABLE 2 USD EXCHANGE RATES CONSIDERED, 2019–2022
           1.4.2 VOLUME UNIT
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
           1.6.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 45)
    2.1 RESEARCH DATA 
           FIGURE 2 BIOSTIMULANTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key insights from industry experts
                    2.1.2.3 Breakdown of primary profiles
                               FIGURE 3 BIOSTIMULANTS MARKET: BREAKDOWN OF PRIMARY INTERVIEWS, BY VALUE-CHAIN SIDE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
                    FIGURE 4 BIOSTIMULANTS MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
                    FIGURE 5 BIOSTIMULANTS MARKET SIZE ESTIMATION (DEMAND-SIDE)
           2.2.2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 6 BIOSTIMULANTS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 7 BIOSTIMULANTS MARKET SIZE ESTIMATION, BY TYPE (SUPPLY-SIDE)
    2.3 GROWTH FORECAST 
    2.4 DATA TRIANGULATION 
           FIGURE 8 DATA TRIANGULATION AND MARKET BREAKUP
    2.5 ASSUMPTIONS 
           TABLE 3 ASSUMPTIONS
    2.6 LIMITATIONS AND RISK ASSESSMENT 
           TABLE 4 LIMITATIONS AND RISK ASSESSMENT
    2.7 RECESSION IMPACT ANALYSIS 
    2.8 RECESSION MACROINDICATORS 
           FIGURE 9 RECESSION MACROINDICATORS
           FIGURE 10 GLOBAL INFLATION RATE, 2011–2022
           FIGURE 11 GLOBAL GDP, 2011–2022 (USD TRILLION)
           FIGURE 12 RECESSION INDICATORS AND THEIR IMPACT ON BIOSTIMULANTS MARKET
           FIGURE 13 GLOBAL BIOSTIMULANTS MARKET: EARLIER FORECAST VS. RECESSION FORECAST
 
3 EXECUTIVE SUMMARY (Page No. - 60)
    TABLE 5 BIOSTIMULANTS MARKET SNAPSHOT, 2023 VS. 2028 
    FIGURE 14 BIOSTIMULANTS MARKET, BY CROP TYPE, 2023 VS. 2028 (USD MILLION) 
    FIGURE 15 BIOSTIMULANTS MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 
    FIGURE 16 BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2023 VS. 2028 (USD MILLION) 
    FIGURE 17 BIOSTIMULANTS MARKET: REGIONAL SNAPSHOT 
 
4 PREMIUM INSIGHTS (Page No. - 65)
    4.1 OPPORTUNITIES FOR PLAYERS IN BIOSTIMULANTS MARKET 
           FIGURE 18 EXPANSION IN ORGANIC AGRICULTURAL LAND AND INCREASE IN CROP PRODUCTION TO DRIVE MARKET
    4.2 BIOSTIMULANTS MARKET, BY CROP TYPE AND REGION 
           FIGURE 19 EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE BY 2028
    4.3 EUROPEAN BIOSTIMULANTS MARKET: KEY ACTIVE INGREDIENTS AND TOP THREE COUNTRIES 
           FIGURE 20 SPAIN TO LEAD BIOSTIMULANTS MARKET IN 2022
    4.4 BIOSTIMULANTS MARKET: MAJOR REGIONAL SUBMARKETS 
           FIGURE 21 ASIAN COUNTRIES TO WITNESS HIGH GROWTH RATE DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 69)
    5.1 INTRODUCTION 
    5.2 MACROECONOMIC INDICATORS 
           5.2.1 GROWTH IN DEMAND FOR ORGANIC FOOD
                    FIGURE 22 TOP TEN COUNTRIES WITH SIGNIFICANT INCREASE IN ORGANIC FARMING LAND, 2019 (HECTARE)
                    FIGURE 23 GLOBAL ORGANIC AGRICULTURE, BY REGION, 2019
           5.2.2 DAMAGE AND LOSS OF AGRICULTURAL LAND
                    FIGURE 24 ARABLE LAND AREA PER CAPITA, 1960–2050 (HA)
    5.3 MARKET DYNAMICS 
           FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: BIOSTIMULANTS MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Increasing need for sustainable agriculture
                               TABLE 6 SUSTAINABILITY INVESTMENTS BY KEY AGRICULTURAL COMPANIES
                    5.3.1.2 Easy availability of seaweed as raw materials
                    5.3.1.3 Strong demand for high-value crops
                               FIGURE 26 FARM-GATE VALUE OF FRUITS AND VEGETABLES, 2022
           5.3.2 RESTRAINTS
                    5.3.2.1 Commercialization of low-quality biostimulant products
                    5.3.2.2 Preference for chemical pesticides among farmers in developing countries
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Technological advancements in production of biostimulants
                    5.3.3.2 Significant developments in seed treatment
           5.3.4 CHALLENGES
                    5.3.4.1 Uncertainty in global biostimulants regulatory framework
 
6 INDUSTRY TRENDS (Page No. - 78)
    6.1 INTRODUCTION 
    6.2 VALUE CHAIN ANALYSIS 
           FIGURE 27 BIOSTIMULANTS MARKET: VALUE CHAIN ANALYSIS
           6.2.1 RESEARCH & PRODUCT DEVELOPMENT
           6.2.2 RAW MATERIAL SOURCING
           6.2.3 MANUFACTURING & PRODUCTION
           6.2.4 PACKAGING, STORAGE, AND DISTRIBUTION
    6.3 SUPPLY CHAIN ANALYSIS 
           FIGURE 28 BIOSTIMULANTS MARKET: SUPPLY CHAIN ANALYSIS
    6.4 TECHNOLOGY ANALYSIS 
           6.4.1 SOFTWARE TO OPERATIONALIZE ANALYTICS
           6.4.2 NANOENCAPSULATION TECHNOLOGY
    6.5 PATENT ANALYSIS 
           FIGURE 29 LIST OF MAJOR PATENTS FOR BIOSTIMULANTS, 2012–2022
           FIGURE 30 JURISDICTIONS WITH HIGHEST PATENT APPROVALS FOR BIOSTIMULANTS, 2016–2022
           TABLE 7 LIST OF IMPORTANT PATENTS IN BIOSTIMULANTS MARKET, 2019–2022
    6.6 ECOSYSTEM/MARKET MAP 
           FIGURE 31 BIOSTIMULANTS MARKET: ECOSYSTEM
           FIGURE 32 KEY PLAYERS IN BIOSTIMULANTS MARKET ECOSYSTEM
           6.6.1 ECOSYSTEM MAP
                    TABLE 8 BIOSTIMULANTS MARKET: ECOSYSTEM
    6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 
           FIGURE 33 BIOSTIMULANTS MARKET: TRENDS/DISRUPTING IMPACTING CUSTOMER’S BUSINESS
    6.8 PRICING ANALYSIS 
           6.8.1 AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT (KEY PLAYERS)
                    FIGURE 34 AVERAGE SELLING PRICE FOR KEY PLAYERS, BY ACTIVE INGREDIENT (USD/KG)
                    TABLE 9 AVERAGE SELLING PRICES FOR KEY PLAYERS, BY ACTIVE INGREDIENT (USD/KG)
                    FIGURE 35 BIOSTIMULANTS MARKET: AVERAGE SELLING PRICE, BY TYPE, 2019–2022 (USD/TON)
                    TABLE 10 NORTH AMERICA: AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT, 2018–2022 (USD/TON)
                    TABLE 11 EUROPE: AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT, 2018–2022 (USD/TON)
                    TABLE 12 ASIA PACIFIC: AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT, 2018–2022 (USD/TON)
                    TABLE 13 SOUTH AMERICA: AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT, 2018–2022 (USD/TON)
                    TABLE 14 ROW: AVERAGE SELLING PRICE, BY ACTIVE INGREDIENT, 2018–2022 (USD/TON)
    6.9 BIOSTIMULANTS MARKET: TRADE ANALYSIS 
           TABLE 15 EXPORT VALUE AND VOLUME OF SEAWEEDS AND OTHER ALGAE BIOSTIMULANTS, BY KEY COUNTRY, 2022 (USD THOUSAND AND TONS)
           TABLE 16 IMPORT VALUE AND VOLUME OF SEAWEEDS AND OTHER ALGAE BIOSTIMULANTS, BY KEY COUNTRY, 2022 (USD THOUSAND AND TONS)
           TABLE 17 IMPORT VALUE AND VOLUME OF AMINO ACIDS AND THEIR ESTERS, BY KEY COUNTRY, 2022 (USD THOUSAND AND TONS)
           TABLE 18 EXPORT VALUE AND VOLUME OF AMINO ACIDS AND THEIR ESTERS, BY KEY COUNTRY, 2022 (USD THOUSAND AND TONS)
    6.1 CASE STUDIES 
           TABLE 19 CASE STUDY 1: BRIDGEWAY BIOSTIMULANT IMPROVED OVERALL RESILIENCE OF CROP AND PREVENTED CLUBROOT
           TABLE 20 CASE STUDY 2: BIOSTIMULANTS HELPED IN PROMOTING ROOT GROWTH AND PHYSIOLOGICAL PROCESSES IN PLANTS
           TABLE 21 CASE STUDY 3: HUMIC-BASED BIOSTIMULANTS REDUCED STRESS ON SOIL RESOURCES FOR NITROGEN UPTAKE AND PROVIDED NITROGEN FOR HEALTHY WHEAT CROP GROWTH
    6.11 KEY CONFERENCES AND EVENTS IN 2022–2023 
                    TABLE 22 BIOSTIMULANTS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    6.12 PORTER’S FIVE FORCES ANALYSIS 
                    TABLE 23 PORTER’S FIVE FORCES IMPACT ON BIOSTIMULANTS MARKET
           6.12.1 INTENSITY OF COMPETITIVE RIVALRY
                    6.12.1.1 Market concentration
                    6.12.1.2 Low entry/exit barriers
                    6.12.1.3 Availability of technologies with new entrants
           6.12.2 BARGAINING POWER OF SUPPLIERS
                    6.12.2.1 Availability of raw materials
                    6.12.2.2 Supplier concentration & confidence
                    6.12.2.3 Low regulatory barriers to existing as well as new entrants
           6.12.3 BARGAINING POWER OF BUYERS
                    6.12.3.1 Increase in health concerns among consumers
                    6.12.3.2 Government support to farmers
           6.12.4 THREAT OF SUBSTITUTES
                    6.12.4.1 Synthetic agrichemicals are harmful to health
                    6.12.4.2 Increase in price of substitutes
           6.12.5 THREAT OF NEW ENTRANTS
                    6.12.5.1 Low entry barriers
    6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE MODES OF APPLICATION
                    TABLE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE MODES OF APPLICATION
           6.13.2 BUYING CRITERIA
                    FIGURE 37 KEY BUYING CRITERIA FOR TOP THREE MODES OF APPLICATION
                    TABLE 25 KEY BUYING CRITERIA FOR TOP THREE MODES OF APPLICATION
    6.14 REGULATORY FRAMEWORK 
           6.14.1 NORTH AMERICA
                    6.14.1.1 US
                    6.14.1.2 Mexico
                    6.14.1.3 Canada
           6.14.2 EUROPE
                    6.14.2.1 Austria
                    6.14.2.2 France
                    6.14.2.3 Germany
                    6.14.2.4 Italy
                    6.14.2.5 Ireland
                    6.14.2.6 Spain
                    6.14.2.7 UK
           6.14.3 ASIA PACIFIC
                    6.14.3.1 India
                    6.14.3.2 China
                    6.14.3.3 Australia
           6.14.4 SOUTH AMERICA
                    6.14.4.1 Brazil
                    6.14.4.2 Chile
           6.14.5 SOUTH AFRICA
           6.14.6 MIDDLE EAST
                    6.14.6.1 Egypt
                    6.14.6.2 UAE
    6.15 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 
                    TABLE 26 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 27 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 28 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 29 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 30 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
7 BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT (Page No. - 117)
    7.1 INTRODUCTION 
           FIGURE 38 BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023 VS. 2028 (USD MILLION)
           TABLE 31 BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
           TABLE 32 BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
           TABLE 33 BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (KT)
           TABLE 34 BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (KT)
    7.2 HUMIC SUBSTANCES 
           7.2.1 ABILITY TO HOLD WATER, STABILIZE SOIL TEMPERATURE, PREVENT WATER EVAPORATION, AND FACILITATE NUTRIENT UPTAKE TO DRIVE MARKET
                    TABLE 35 HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 36 HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 37 HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 38 HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (KT)
                    TABLE 39 HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 40 HUMIC SUBSTANCES: BIOSTIMULANTS MARKET, BY TYPE, 2023–2028 (USD MILLION)
    7.3 SEAWEED EXTRACTS 
           7.3.1 NEED TO BOOST SOIL FERTILITY, ENHANCE SEED GERMINATION, AND IMPROVE CROP PRODUCTIVITY TO FUEL DEMAND FOR SEAWEED EXTRACTS
                    TABLE 41 SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 42 SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 43 SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 44 SEAWEED EXTRACTS: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (KT)
    7.4 AMINO ACIDS 
           7.4.1 GROWING AWARENESS REGARDING ROLE OF AMINO ACIDS IN PLANT GROWTH TO PROPEL ITS DEMAND
                    TABLE 45 AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 46 AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 47 AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 48 AMINO ACIDS: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (KT)
    7.5 MICROBIAL AMENDMENTS 
           7.5.1 NEED TO ENHANCE GROWTH AND NUTRIENT UPTAKE OF PLANTS AND IMPROVE SOIL CONDITIONS TO PROPEL MARKET
                    FIGURE 39 GLOBAL CULTURE COLLECTIONS, 2020
                    7.5.1.1 Bacterial biostimulants
                    7.5.1.2 Fungal biostimulants
                               TABLE 49 MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                               TABLE 50 MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                               TABLE 51 MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (KT)
                               TABLE 52 MICROBIAL AMENDMENTS: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (KT)
    7.6 OTHER ACTIVE INGREDIENTS 
           TABLE 53 OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 54 OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 55 OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (KT)
           TABLE 56 OTHER ACTIVE INGREDIENTS: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (KT)
 
8 BIOSTIMULANTS MARKET, BY CROP TYPE (Page No. - 133)
    8.1 INTRODUCTION 
           FIGURE 40 BIOSTIMULANTS MARKET, BY CROP TYPE, 2023 VS. 2028 (USD MILLION)
           TABLE 57 BIOSTIMULANTS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
           TABLE 58 BIOSTIMULANTS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
    8.2 CEREALS & GRAINS 
           8.2.1 INCREASING EFFICIENCY OF NITROGEN FERTILIZER AND GROWING CROP YIELD TO DRIVE DEMAND FOR BIOSTIMULANTS IN CEREALS AND GRAINS
                    TABLE 59 CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 60 CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 61 CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                    TABLE 62 CEREALS & GRAINS: BIOSTIMULANTS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
           8.2.2 CORN
                    8.2.2.1 Biostimulants to enhance growth of nodal root system in corn seedlings and prevent damage from weather
           8.2.3 WHEAT
                    8.2.3.1 Biostimulants to increase crop yields and maintain sustainability while reducing costs
           8.2.4 RICE
                    8.2.4.1 Rising demand for rice as staple diet and need for enhanced yield to propel market
           8.2.5 OTHER CEREALS & GRAINS
    8.3 OILSEEDS & PULSES 
           8.3.1 RISING NEED TO INCREASE PLANT TOLERANCE TO ABIOTIC STRESS
                    TABLE 63 OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 64 OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 65 OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                    TABLE 66 OILSEEDS & PULSES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
           8.3.2 SOYBEAN
                    8.3.2.1 Growing demand for soybeans and need for rising crop yield in even low water availability to propel market
           8.3.3 SUNFLOWER
                    8.3.3.1 Biostimulants to improve vegetative and reproductive growth and increase yield and quality
           8.3.4 OTHER OILSEEDS & PULSES
    8.4 FRUITS & VEGETABLES 
           8.4.1 INCREASED GLOBAL CONSUMPTION OF FRUITS AND VEGETABLES AND HIGH EXPORT POTENTIAL TO PROPEL MARKET
                    TABLE 67 FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 68 FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 69 FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                    TABLE 70 FRUITS & VEGETABLES: BIOSTIMULANTS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
           8.4.2 POME FRUITS
                    8.4.2.1 Rising need to improve balanced intake of key nutrients to boost demand for biostimulants
           8.4.3 CITRUS FRUITS
                    8.4.3.1 Need to improve plant’s metabolism, induce yield, and enhance crop quality and soil fertility to drive market
           8.4.4 BERRIES
                    8.4.4.1 Biostimulants to enhance nutrient absorption and increase tolerance to abiotic stresses in berries
           8.4.5 ROOT & TUBER VEGETABLES
                    8.4.5.1 Need for higher yields, reduced nitrate accumulation, and improved overall plant growth to propel market
           8.4.6 LEAFY VEGETABLES
                    8.4.6.1 Need to improve yields and increase resistance to natural calamities to propel market
           8.4.7 OTHER FRUITS & VEGETABLES
    8.5 FLOWERS & ORNAMENTALS 
           8.5.1 BIOSTIMULANTS TO PROMOTE HEALTH AND VITALITY AND ENHANCE NUTRIENT UPTAKE, EFFICIENCY, AND STRESS TOLERANCE OF FLOWERS AND ORNAMENTAL PLANTS
                    TABLE 71 FLOWERS & ORNAMENTALS: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 72 FLOWERS & ORNAMENTALS: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.6 OTHER CROP TYPES 
           TABLE 73 OTHER CROP TYPES: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 74 OTHER CROP TYPES: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 BIOSTIMULANTS MARKET, BY MODE OF APPLICATION (Page No. - 149)
    9.1 INTRODUCTION 
           FIGURE 41 BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2023 VS. 2028 (USD MILLION)
           TABLE 75 BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD MILLION)
           TABLE 76 BIOSTIMULANTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD MILLION)
    9.2 SEED TREATMENT 
           9.2.1 NEED FOR FASTER, ENVIRONMENTALLY FRIENDLY SOWING TECHNOLOGY TO PROPEL MARKET
                    TABLE 77 SEED TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 78 SEED TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 SOIL TREATMENT 
           9.3.1 NEED TO REPLENISH SOIL HEALTH, PROMOTE PLANT GROWTH, AND IMPROVE SOIL STRUCTURE TO DRIVE MARKET
                    TABLE 79 SOIL TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 80 SOIL TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 FOLIAR TREATMENT 
           9.4.1 NEED TO ENHANCE EFFECT OF BIOACTIVE MOLECULES ON CROP GROWTH AND IMPROVE BETTER ABSORPTION AND UPTAKE OF MICRONUTRIENTS TO DRIVE MARKET
                    TABLE 81 FOLIAR TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 82 FOLIAR TREATMENT: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 BIOSTIMULANTS MARKET, BY FORMULATION (Page No. - 156)
     10.1 INTRODUCTION 
               FIGURE 42 BIOSTIMULANTS MARKET, BY FORMULATION, 2023 VS. 2028 (USD MILLION)
               TABLE 83 BIOSTIMULANTS MARKET, BY FORMULATION, 2018–2022 (USD MILLION)
               TABLE 84 BIOSTIMULANTS MARKET, BY FORMULATION, 2023–2028 (USD MILLION)
     10.2 LIQUID 
             10.2.1 EASE OF APPLICATION, RAPID ABSORPTION, AND IMPROVED PRECISION FARMING, AND FOLIAR APPLICATION TO PROPEL MARKET
                       TABLE 85 LIQUID: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 86 LIQUID: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.3 DRY 
             10.3.1 REDUCED RISK OF CONTAMINATION TO BOOST DEMAND FOR DRY APPLICATION OF BIOSTIMULANTS
                       TABLE 87 DRY: BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 88 DRY: BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
 
11 BIOSTIMULANTS MARKET, BY REGION (Page No. - 162)
     11.1 INTRODUCTION 
               FIGURE 43 IMPACT OF CLIMATE CHANGE ON CROP PRODUCTION, BY CROP TYPE, 2019 (MILLION TONS/YEAR)
               FIGURE 44 INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 89 BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
               TABLE 90 BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
               TABLE 91 BIOSTIMULANTS MARKET, BY REGION, 2018–2022 (KT)
               TABLE 92 BIOSTIMULANTS MARKET, BY REGION, 2023–2028 (KT)
     11.2 NORTH AMERICA 
               TABLE 93 NORTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
               TABLE 94 NORTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
               TABLE 95 NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
               TABLE 96 NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
               TABLE 97 NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (KT)
               TABLE 98 NORTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (KT)
               TABLE 99 NORTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2018–2022 (USD MILLION)
               TABLE 100 NORTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2023–2028 (USD MILLION)
               TABLE 101 NORTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
               TABLE 102 NORTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
               TABLE 103 NORTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2018–2022 (USD MILLION)
               TABLE 104 NORTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2023–2028 (USD MILLION)
             11.2.1 NORTH AMERICAN BIOSTIMULANTS MARKET: RECESSION IMPACT ANALYSIS
                       FIGURE 45 NORTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–2021
                       FIGURE 46 NORTH AMERICAN BIOSTIMULANTS MARKET: RECESSION IMPACT ANALYSIS
             11.2.2 US
                       11.2.2.1 Need for high-yield and quality crops, changing agricultural practices, and precision farming to drive market
                                   FIGURE 47 ORGANIC FOOD MARKET FOR KEY COUNTRIES, 2020 (USD BILLION)
                                   TABLE 105 US: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 106 US: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.2.3 CANADA
                       11.2.3.1 Rising demand for organic food and growing awareness of organic agricultural inputs to propel market
                                   TABLE 107 CANADA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 108 CANADA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.2.4 MEXICO
                       11.2.4.1 Rising organic farming and growing adoption of technologies among farmers to propel market
                                   TABLE 109 MEXICO: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 110 MEXICO: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
     11.3 EUROPE 
               FIGURE 48 EUROPE: MARKET SNAPSHOT
               TABLE 111 EUROPE: BIOSTIMULANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
               TABLE 112 EUROPE: BIOSTIMULANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
               TABLE 113 EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
               TABLE 114 EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
               TABLE 115 EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (KT)
               TABLE 116 EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (KT)
               TABLE 117 EUROPE: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2018–2022 (USD MILLION)
               TABLE 118 EUROPE: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2023–2028 (USD MILLION)
               TABLE 119 EUROPE: BIOSTIMULANTS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
               TABLE 120 EUROPE: BIOSTIMULANTS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
               TABLE 121 EUROPE: BIOSTIMULANTS MARKET, BY FORMULATION, 2018–2022 (USD MILLION)
               TABLE 122 EUROPE: BIOSTIMULANTS MARKET, BY FORMULATION, 2023–2028 (USD MILLION)
             11.3.1 EUROPEAN BIOSTIMULANTS MARKET: RECESSION IMPACT ANALYSIS
                       FIGURE 49 EUROPE: INFLATION RATES, BY KEY COUNTRY, 2017–2021
                       FIGURE 50 EUROPEAN BIOSTIMULANTS MARKET: RECESSION IMPACT ANALYSIS
             11.3.2 SPAIN
                       11.3.2.1 Need for sustainable agricultural method, prevention of soil salinization, and organic farming to propel market
                                   FIGURE 51 AGRICULTURAL OUTPUT IN SPAIN, 2018–2020 (USD MILLION)
                                   TABLE 123 SPAIN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 124 SPAIN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.3.3 ITALY
                       11.3.3.1 Government initiatives to promote use of biostimulants to drive market
                                   TABLE 125 ITALY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 126 ITALY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.3.4 FRANCE
                       11.3.4.1 Need to implement sustainable farming practices to fuel demand for biostimulants
                                   TABLE 127 FRANCE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 128 FRANCE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.3.5 GERMANY
                       11.3.5.1 Rising vegan population and demand for organic food products to drive market
                                   TABLE 129 GERMANY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 130 GERMANY: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.3.6 UK
                       11.3.6.1 Rising modernization and mechanization in agriculture and relatively smoother regulatory process to propel market
                                   FIGURE 52 VEGETABLE PRODUCTION TRENDS IN UK, 2015–2018 (MILLION TONS)
                                   TABLE 131 UK: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 132 UK: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.3.7 RUSSIA
                       11.3.7.1 Shift to sustainable and organic products and adoption of modern sustainable farming methods to drive market
                                   TABLE 133 RUSSIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 134 RUSSIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.3.8 REST OF EUROPE
                       TABLE 135 REST OF EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                       TABLE 136 REST OF EUROPE: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
     11.4 ASIA PACIFIC 
               FIGURE 53 AGRICULTURAL PRODUCTION IN ASIA, BY CROP TYPE, 2017–2019 (MILLION TONS)
               FIGURE 54 ASIA PACIFIC: MARKET SNAPSHOT
               TABLE 137 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
               TABLE 138 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
               TABLE 139 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
               TABLE 140 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
               TABLE 141 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (KT)
               TABLE 142 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (KT)
               TABLE 143 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2018–2022 (USD MILLION)
               TABLE 144 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2023–2028 (USD MILLION)
               TABLE 145 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
               TABLE 146 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
               TABLE 147 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY FORMULATION, 2018–2022 (USD MILLION)
               TABLE 148 ASIA PACIFIC: BIOSTIMULANTS MARKET, BY FORMULATION, 2023–2028 (USD MILLION)
             11.4.1 ASIA PACIFIC BIOSTIMULANTS MARKET: RECESSION IMPACT ANALYSIS
                       FIGURE 55 ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2017–2021
                       FIGURE 56 ASIA PACIFIC BIOSTIMULANTS MARKET: RECESSION IMPACT ANALYSIS
             11.4.2 CHINA
                       11.4.2.1 Growing need to meet export quality norms and launch of National Climate Change Program to drive market
                                   FIGURE 57 COMMODITY EXPORTS FROM CHINA, 2016–2020 (USD MILLION)
                                   TABLE 149 CHINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 150 CHINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.4.3 JAPAN
                       11.4.3.1 Limited agricultural land, need for innovative techniques, and high temperature and high-humidity climate to propel market
                                   TABLE 151 JAPAN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 152 JAPAN: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.4.4 INDIA
                       11.4.4.1 Decrease in arable land and need for high-yielding technologies and maintain export quality standards to propel market
                                   TABLE 153 INDIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 154 INDIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.4.5 INDONESIA
                       11.4.5.1 Rising cultivation of vegetables and rice and government initiatives to minimize synthetic agrochemicals to drive market
                                   FIGURE 58 ORGANIC PACKAGED FOOD AND BEVERAGE CONSUMPTION IN INDONESIA, 2016–2020 (USD MILLION)
                                   TABLE 155 INDONESIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 156 INDONESIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.4.6 AUSTRALIA
                       11.4.6.1 Increasing awareness and growing consumer preference for organic food products to drive market
                                   TABLE 157 AUSTRALIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 158 AUSTRALIA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.4.7 REST OF ASIA PACIFIC
                       TABLE 159 REST OF ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                       TABLE 160 REST OF ASIA PACIFIC: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
     11.5 SOUTH AMERICA 
               TABLE 161 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
               TABLE 162 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
               TABLE 163 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
               TABLE 164 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
               TABLE 165 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (KT)
               TABLE 166 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (KT)
               TABLE 167 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2018–2022 (USD MILLION)
               TABLE 168 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2023–2028 (USD MILLION)
               TABLE 169 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
               TABLE 170 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
               TABLE 171 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2018–2022 (USD MILLION)
               TABLE 172 SOUTH AMERICA: BIOSTIMULANTS MARKET, BY FORMULATION, 2023–2028 (USD MILLION)
             11.5.1 SOUTH AMERICAN BIOSTIMULANTS MARKET: RECESSION IMPACT ANALYSIS
                       FIGURE 59 SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–2021
                       FIGURE 60 SOUTH AMERICAN BIOSTIMULANTS MARKET: RECESSION IMPACT ANALYSIS
             11.5.2 BRAZIL
                       11.5.2.1 Need to improve crop quality and maintain soil health and rising consumption of organic food to drive market
                                   FIGURE 61 PACKAGED ORGANIC FOOD CONSUMPTION IN BRAZIL, 2016–2020 (USD MILLION)
                                   TABLE 173 BRAZIL: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 174 BRAZIL: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.5.3 ARGENTINA
                       11.5.3.1 Requirement of high-quality export crops to fuel demand for biostimulants
                                   TABLE 175 ARGENTINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 176 ARGENTINA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.5.4 REST OF SOUTH AMERICA
                       TABLE 177 REST OF SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                       TABLE 178 REST OF SOUTH AMERICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
     11.6 ROW 
               TABLE 179 ROW: BIOSTIMULANTS MARKET, BY SUBREGION, 2018–2022 (USD MILLION)
               TABLE 180 ROW: BIOSTIMULANTS MARKET, BY SUBREGION, 2023–2028 (USD MILLION)
               TABLE 181 ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
               TABLE 182 ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
               TABLE 183 ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (KT)
               TABLE 184 ROW: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (KT)
               TABLE 185 ROW: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2018–2022 (USD MILLION)
               TABLE 186 ROW: BIOSTIMULANTS MARKET, BY APPLICATION METHOD, 2023–2028 (USD MILLION)
               TABLE 187 ROW: BIOSTIMULANTS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
               TABLE 188 ROW: BIOSTIMULANTS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
               TABLE 189 ROW: BIOSTIMULANTS MARKET, BY FORMULATION, 2018–2022 (USD MILLION)
               TABLE 190 ROW: BIOSTIMULANTS MARKET, BY FORMULATION, 2023–2028 (USD MILLION)
             11.6.1 ROW BIOSTIMULANTS MARKET: RECESSION IMPACT ANALYSIS
                       FIGURE 62 ROW: INFLATION RATES, BY KEY COUNTRY, 2018–2021
                       FIGURE 63 ROW BIOSTIMULANTS MARKET: RECESSION IMPACT ANALYSIS
             11.6.2 AFRICA
                       11.6.2.1 Growing need to develop heat-resilient crops for high output to propel market
                                   TABLE 191 AFRICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 192 AFRICA: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
             11.6.3 MIDDLE EAST
                       11.6.3.1 Increasing domestic consumption of crops and need for improvement in crop yield to drive market
                                   TABLE 193 MIDDLE EAST: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2018–2022 (USD MILLION)
                                   TABLE 194 MIDDLE EAST: BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENT, 2023–2028 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 227)
     12.1 OVERVIEW 
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
               TABLE 195 OVERVIEW OF STRATEGIES ADOPTED BY KEY BIOSTIMULANTS VENDORS
     12.3 REVENUE ANALYSIS 
               FIGURE 64 REVENUE ANALYSIS FOR KEY PLAYERS IN LAST 5 YEARS
     12.4 ANNUAL REVENUE VS. GROWTH (KEY PLAYERS) 
               FIGURE 65 ANNUAL REVENUE, 2022 (USD BILLION) VS. REVENUE GROWTH, 2020–2022
     12.5 EBITDA ANALYSIS FOR KEY PLAYERS, BY KEY REGION 
               FIGURE 66 BIOSTIMULANTS MARKET: EBITDA ANALYSIS FOR KEY PLAYERS, BY KEY REGION, 2022 (USD BILLION)
     12.6 MARKET SHARE ANALYSIS 
               TABLE 196 BIOSTIMULANTS MARKET: DEGREE OF COMPETITION (COMPETITIVE), 2022
     12.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 
               FIGURE 67 GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022
     12.8 COMPANY EVALUATION MATRIX 
             12.8.1 STARS
             12.8.2 EMERGING LEADERS
             12.8.3 PERVASIVE PLAYERS
             12.8.4 PARTICIPANTS
                       FIGURE 68 BIOSTIMULANTS MARKET COMPANY EVALUATION MATRIX, 2022
     12.9 COMPETITIVE BENCHMARKING 
               TABLE 197 COMPANY CROP TYPE FOOTPRINT
               TABLE 198 COMPANY FORMULATION TYPE FOOTPRINT
               TABLE 199 COMPANY REGION FOOTPRINT
               TABLE 200 OVERALL COMPANY FOOTPRINT
     12.10 START-UP/SME EVALUATION MATRIX 
               12.10.1 PROGRESSIVE COMPANIES
               12.10.2 STARTING BLOCKS
               12.10.3 RESPONSIVE COMPANIES
               12.10.4 DYNAMIC COMPANIES
                                   FIGURE 69 BIOSTIMULANTS MARKET START-UP/SME EVALUATION MATRIX, 2022
     12.11 COMPETITIVE BENCHMARKING 
                       TABLE 201 BIOSTIMULANTS MARKET: DETAILED LIST OF KEY START-UPS/SMES
                       TABLE 202 BIOSTIMULANTS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     12.12 COMPETITIVE SCENARIO 
               12.12.1 PRODUCT LAUNCHES
                       TABLE 203 PRODUCT LAUNCHES, 2018–2023
               12.12.2 DEALS
                       TABLE 204 DEALS, 2018–2023
               12.12.3 OTHERS
                       TABLE 205 OTHERS, 2018–2023
 
13 COMPANY PROFILES (Page No. - 254)
     13.1 INTRODUCTION 
     13.2 KEY PLAYERS 
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
             13.2.1 BASF SE
                       TABLE 206 BASF SE: COMPANY OVERVIEW
                       FIGURE 70 BASF SE: COMPANY SNAPSHOT
                       TABLE 207 BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 208 BASF SE: DEALS
                       13.2.2 UPL
                                   TABLE 209 UPL: COMPANY OVERVIEW
                                   FIGURE 71 UPL: COMPANY SNAPSHOT
                                   TABLE 210 UPL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 211 UPL: DEALS
             13.2.3 FMC CORPORATION
                       TABLE 212 FMC CORPORATION: COMPANY OVERVIEW
                       FIGURE 72 FMC CORPORATION: COMPANY SNAPSHOT
                       TABLE 213 FMC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 214 FMC CORPORATION: OTHERS
             13.2.4 RALLIS INDIA LIMITED
                       TABLE 215 RALLIS INDIA LIMITED: COMPANY OVERVIEW
                       FIGURE 73 RALLIS INDIA LIMITED: COMPANY SNAPSHOT
                       TABLE 216 RALLIS INDIA LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.5 ADAMA LTD.
                       TABLE 217 ADAMA LTD.: COMPANY OVERVIEW
                       FIGURE 74 ADAMA LTD.: COMPANY SNAPSHOT
                       TABLE 218 ADAMA LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 219 ADAMA LTD.: DEALS
             13.2.6 COROMANDEL INTERNATIONAL LIMITED
                       TABLE 220 COROMANDEL INTERNATIONAL LIMITED: COMPANY OVERVIEW
                       FIGURE 75 COROMANDEL INTERNATIONAL LIMITED: COMPANY SNAPSHOT
                       TABLE 221 COROMANDEL INTERNATIONAL LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.7 VALAGRO SPA
                       TABLE 222 VALAGRO SPA: COMPANY OVERVIEW
                       TABLE 223 VALAGRO SPA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 224 VALAGRO SPA: PRODUCT LAUNCHES
                       TABLE 225 VALAGRO SPA: DEALS
                       TABLE 226 VALAGRO SPA: OTHERS
             13.2.8 GOWAN COMPANY
                       TABLE 227 GOWAN COMPANY: COMPANY OVERVIEW
                       TABLE 228 GOWAN COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 229 GOWAN COMPANY: DEALS
             13.2.9 ILSA S.P.A.
                       TABLE 230 ILSA S.P.A.: COMPANY OVERVIEW
                       TABLE 231 ILSA S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 232 ILSA S.P.A.: DEALS
             13.2.10 HAIFA GROUP
                       TABLE 233 HAIFA GROUP: COMPANY OVERVIEW
                       TABLE 234 HAIFA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 235 HAIFA GROUP: DEALS
             13.2.11 BIOVERT S.L.
                       TABLE 236 BIOVERT S.L.: COMPANY OVERVIEW
                       TABLE 237 BIOVERT S.L.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 238 BIOVERT S.L.: PRODUCT LAUNCHES
             13.2.12 KOPPERT
                       TABLE 239 KOPPERT: COMPANY OVERVIEW
                       TABLE 240 KOPPERT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 241 KOPPERT: DEALS
             13.2.13 AGRITECNO BIOSTIMULANTS AND PLANT NUTRITION
                       TABLE 242 AGRITECNO BIOSTIMULANTS AND PLANT NUTRITION: COMPANY OVERVIEW
                       TABLE 243 AGRITECNO BIOSTIMULANTS AND PLANT NUTRITION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.14 AXEB BIOTECH SL
                       TABLE 244 AXEB BIOTECH SL: COMPANY OVERVIEW
                       TABLE 245 AXEB BIOTECH SL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.15 MAFA BIOSCIENCE
                       TABLE 246 MAFA BIOSCIENCE: COMPANY OVERVIEW
                       TABLE 247 MAFA BIOSCIENCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
     13.3 START-UPS/SMES 
             13.3.1 LAWRIECO
                       TABLE 248 LAWRIECO: COMPANY OVERVIEW
                       TABLE 249 LAWRIECO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.3.2 DEVI CROPSCIENCE
                       TABLE 250 DEVI CROPSCIENCE: COMPANY OVERVIEW
                       TABLE 251 DEVI CROPSCIENCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.3.3 BIOFLORA
                       TABLE 252 BIOFLORA: COMPANY OVERVIEW
                       TABLE 253 BIOFLORA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.3.4 AGRICEN
                       TABLE 254 AGRICEN: COMPANY OVERVIEW
                       TABLE 255 AGRICEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.3.5 OMNIA SPECIALITIES PTY
                       TABLE 256 OMNIA SPECIALITIES PTY: COMPANY OVERVIEW
                       TABLE 257 OMNIA SPECIALITIES PTY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.3.6 KELP PRODUCTS INTERNATIONAL
                       TABLE 258 KELP PRODUCTS INTERNATIONAL: COMPANY OVERVIEW
             13.3.7 AFRIKELP
                       TABLE 259 AFRIKELP: COMPANY OVERVIEW
             13.3.8 AMINOCORE
                       TABLE 260 AMINOCORE: COMPANY OVERVIEW
             13.3.9 APHEA.BIO
                       TABLE 261 APHEA.BIO: COMPANY OVERVIEW
             13.3.10 SOUTH AGRO
                       TABLE 262 SOUTH AGRO: COMPANY OVERVIEW
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
 
14 ADJACENT & RELATED MARKETS (Page No. - 322)
     14.1 INTRODUCTION 
     14.2 BIOPESTICIDES MARKET 
             14.2.1 MARKET DEFINITION
             14.2.2 MARKET OVERVIEW
             14.2.3 BIOPESTICIDES MARKET, BY SOURCE
                       TABLE 263 BIOPESTICIDES MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 264 BIOPESTICIDES MARKET, BY SOURCE, 2023–2028 (USD MILLION)
     14.3 AGRICULTURAL BIOLOGICALS MARKET 
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
             14.3.3 AGRICULTURAL BIOLOGICALS MARKET, BY FUNCTION
                       TABLE 265 AGRICULTURAL BIOLOGICALS MARKET, BY FUNCTION, 2018–2022 (USD MILLION)
                       TABLE 266 AGRICULTURAL BIOLOGICALS MARKET, BY FUNCTION, 2023–2028 (USD MILLION)
 
15 APPENDIX (Page No. - 326)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

The research study involved extensive secondary sources, directories, and databases such as Bloomberg Businessweek and Factiva to identify and collect information useful for a technical, market-oriented, and commercial study of the biostimulants market. In-depth interviews were conducted with various primary respondents—such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants—to obtain and verify critical qualitative and quantitative information and assess prospects.

Secondary Research

The secondary sources referred for this research study include government sources, such as the Food and Agriculture Organization (FAO), the Association of American Plant Food Control Officials (AAPFCO), the Micronutrient Manufacturers Association (MMA), the US Department of Agriculture (USDA), the ministries of the agricultural department in various countries, corporate filings (such as annual reports, press releases, investor presentations, and financial statements), and trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and geographical markets. It was also used to obtain information on the key developments from a market-oriented perspective.

Primary Research

The biostimulants market comprises several stakeholders, including raw material suppliers, agrochemical suppliers, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary interviewees from the supply side include research institutions involved in R&D to introduce technology, manufacturers, importers & exporters of biostimulants. Primary sources from the demand side include distributors, wholesalers, key opinion leaders, growers, farmers, and agronomists through questionnaires, emails, and telephonic interviews.

After the complete market engineering process (including calculations for market statistics, market breakdown, market size estimations & projections, and data triangulation) was done, extensive primary research was conducted to gather information and verify and validate the critical numbers that were arrived at. Primary research was also conducted to identify the segmentation, key players, competitive landscape of market players, market dynamics (drivers, restraints, opportunities, and challenges), and strategies adopted by the leading players.

In the complete market engineering process, top-down and bottom-up approaches were extensively used along with several data triangulation methods to conduct market estimation and forecasting for the overall segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list key information/insights throughout the report.

Biostimulants Market Size, and Share

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Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the market. These approaches were also used extensively to estimate the size of various dependent submarkets. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders such as CEOs, directors, and marketing executives.

Market size estimation: Top-Down approach

In the top-down approach, the overall market size was used to estimate the size of individual markets (mentioned in the segmentation) through percentage splits from secondary and primary research.
The top-down approach used was used to triangulate the data obtained through this study is explained in the next section:

 

  • In the global biostimulants market, related secondary sources such as the Europe Biostimulants Industry Alliance (EBIC), Biological product industry alliance (BPIA), and company annual reports of all major players were considered to arrive at the global market size.
  • The global number for biostimulants was determined after giving certain weightage factors for the data obtained from these secondary and primary sources.
  • With the data triangulation procedure and data validation through primaries (from both supply and demand sides), the shares and sizes of the regional and individual markets were determined and confirmed.
  • Data on company revenues, area harvested, product launches, and global regulations for biostimulants in the last four years was used to arrive at the country-wise market size and CAGR estimation of crop type and active ingredient segments was then validated from primary sources.

Biostimulants Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Market size estimation methodology: Bottom-up approach

The bottom-up approach used the data extracted from secondary research to validate the market segment sizes obtained. The approach was employed to determine the overall size of the biostimulants market in particular regions. Its share in the biostimulants market at the country and regional levels was validated through primary interviews conducted with suppliers, dealers, and distributors.

Biostimulants Market Size, and Share

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall biostimulants market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Additionally, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

According to the European Biostimulants Industry Council (EBIC), “plant biostimulants contain substance(s) and/or microorganisms whose function, when applied to plants or the rhizosphere, is to stimulate natural processes to enhance/benefit nutrient uptake, nutrient efficiency, tolerance to abiotic stress, and crop quality.”

The definition of biostimulants is largely imprecise. In many instances, an ambiguity exists between biostimulants and biofertilizers. Though organizations such as EBIC have proposed definitions, they are yet to be considered by government regulatory bodies such as the European Union (EU) and the US Department of Agriculture (USDA).

Though derived from natural sources, the active ingredients used in the formulation range from humic and fulvic acids to seaweed extracts, amino acids, and microbial amendments.

Key Stakeholders

  • Manufacturers, importers, exporters, traders, distributors, and suppliers of biostimulants
  • Biostimulants laboratories and associations:
    • Biostimulants Council
    • The Fertilizer Institute
  • Biostimulants raw material suppliers and ingredient, intermediate, and end-product manufacturers and processors
  • Government, research organizations, and academic institutions
    • World Health Organization (WHO)
    • Codex Alimentarius Commission (CAC)
  • Regulatory bodies
    • Food and Agriculture Organization (FAO)
    • US Department of Agriculture (USDA)
    • Biopesticide Industry Alliance (BPIA)
    • International Biocontrol Manufacturers Association (IBMA)
    • Japan Biocontrol Association
    • US Environmental Protection Agency (US EPA)
  • Commercial research & development (R&D) institutions and financial institutions
  • Regulatory bodies, including government agencies, NGOs, and large farms

Report Objectives

Market Intelligence

  • Determining and projecting the size of the biostimulants market on the basis of active ingredient, mode of application, crop type, form, and region, over a five-year period, ranging from 2023 to 2028
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across the key regions
  • Analyzing the demand-side factors on the basis of the following:
    • Impact of macro- and microeconomic factors on the market
    • Shifts in demand patterns across different subsegments and regions

Competitive Intelligence

  • Identifying and profiling the key market players in the biostimulants market
  • Determining the market share of key players operating in the biostimulants market
  • Providing a comparative analysis of the market leaders on the basis of the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
  • Providing insights on the trade scenario

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

  • Further breakdown of the Rest of European biostimulants market, by key country
  • Further breakdown of the Rest of the South American biostimulants market, by key country
  • Further breakdown of the Rest of Asia Pacific biostimulants market, by key country

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Nov, 2023
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