Biostimulants market: North America is estimated to contribute 32% to the growth of the global market during the forecast period - Technavio

NEW YORK, Dec. 5, 2022 /PRNewswire/ -- The biostimulants market size is forecast to grow by USD 1512.9 million at a CAGR of 10.68% between 2022 and 2027. North America is forecast to contribute 32% to the growth of the global biostimulants market during the forecast period. The market in the region is estimated to grow at the fastest pace during the forecast period. The rising demand for horticulture and the presence of leading biostimulant manufacturers will facilitate the biostimulants market growth in North America over the forecast period.

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Biostimulants market: Segmentation Analysis

Technavio has segmented the biostimulants market by application (foliar, soil, and seed), product (acid-based, extract-based, and others), type (row crops and cereals, fruits and vegetables, turfs and ornaments, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The report provides actionable insights and estimates the contribution of all segments to the growth of the global biostimulants market.

• The acid-based segment held the largest share of the market in the base year. Acid-based biostimulants enhance vegetative growth, early flowering, and fruit quality. They are widely used in organic farming to improve the nutritional value of fruits and vegetables. Such benefits are increasing the growth of the acid-based segment.

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Key factor driving market growth

• The increasing demand for biostimulants in the agricultural industry is one of the factors driving the biostimulants market growth.
• Biostimulants are extensively used in the agriculture industry as they provide multiple benefits. Biostimulants improve plant metabolism and increase plant yield. It increases the plants' tolerance toward abiotic stresses.
• Biostimulants are also applied to soil to improve fertility. It fosters the development of complementary soil microorganisms.
• The growing global demand for food is encouraging farmers to increase their agricultural produce. This is increasing the demand for biostimulants in the agriculture industry, which is driving the growth of the market.

Leading trends influencing the market

• The decline in arable land is one of the key biostimulants market trends fueling the market growth. The growth in industrialization, urbanization, and population has resulted in a steady decline in the availability of arable land worldwide. On the other hand, inappropriate agricultural practices and deforestation have reduced the fertility of the available arable land. The shrinkage of arable land has necessitated the increased use of fertilizers to improve the productivity of crops. Thus, the reduction in arable land will have a positive impact on the growth of the global biostimulants market during the forecast period.

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Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Buy the Report

What are the Key Data Covered in this Biostimulants Market Report?

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will drive the growth of the biostimulants market between 2023 and 2027
• Precise estimation of the size of the biostimulants market and its contribution to the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the biostimulants market industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive details of factors that will challenge the growth of biostimulants market vendors

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• The liquid fertilizer market size is expected to increase by USD 1.92 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.22%. The increasing demand for nitrogen-based fertilizers is notably driving the liquid fertilizer market growth, although factors such as stringent regulations on the handling, storage, and transportation of liquid fertilizers may impede the market growth.

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 08: Executive Summary – Chart on Incremental Growth
• Exhibit 09: Executive Summary – Data Table on Incremental Growth
• Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 11: Parent market
• Exhibit 12: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 13: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 14: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 15: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 17: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 18: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global biostimulants market 2017 - 2021
• Exhibit 19: Historic Market Size – Data Table on Global biostimulants market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Type Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.5 Geography Segment Analysis 2017 - 2021 
• Exhibit 23: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.6 Country Segment Analysis 2017 - 2021 
• Exhibit 24: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 25: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 26: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 27: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 28: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 29: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 30: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 31: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 32: Chart on Product - Market share 2022-2027 (%)
• Exhibit 33: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 34: Chart on Comparison by Product
• Exhibit 35: Data Table on Comparison by Product

• 6.3 Acid-based - Market size and forecast 2022-2027
• Exhibit 36: Chart on Acid-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 37: Data Table on Acid-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Chart on Acid-based - Year-over-year growth 2022-2027 (%)
• Exhibit 39: Data Table on Acid-based - Year-over-year growth 2022-2027 (%)

• 6.4 Extract-based - Market size and forecast 2022-2027
• Exhibit 40: Chart on Extract-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 41: Data Table on Extract-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 42: Chart on Extract-based - Year-over-year growth 2022-2027 (%)
• Exhibit 43: Data Table on Extract-based - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 44: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 45: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 46: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 48: Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 49: Chart on Application - Market share 2022-2027 (%)
• Exhibit 50: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 51: Chart on Comparison by Application
• Exhibit 52: Data Table on Comparison by Application

• 7.3 Foliar - Market size and forecast 2022-2027
• Exhibit 53: Chart on Foliar - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Data Table on Foliar - Market size and forecast 2022-2027 ($ million)
• Exhibit 55: Chart on Foliar - Year-over-year growth 2022-2027 (%)
• Exhibit 56: Data Table on Foliar - Year-over-year growth 2022-2027 (%)

• 7.4 Soil - Market size and forecast 2022-2027
• Exhibit 57: Chart on Soil - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Data Table on Soil - Market size and forecast 2022-2027 ($ million)
• Exhibit 59: Chart on Soil - Year-over-year growth 2022-2027 (%)
• Exhibit 60: Data Table on Soil - Year-over-year growth 2022-2027 (%)

• 7.5 Seed - Market size and forecast 2022-2027
• Exhibit 61: Chart on Seed - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on Seed - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on Seed - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on Seed - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 65: Market opportunity by Application ($ million)

8 Market Segmentation by Type

• 8.1 Market segments 
• Exhibit 66: Chart on Type - Market share 2022-2027 (%)
• Exhibit 67: Data Table on Type - Market share 2022-2027 (%)

• 8.2 Comparison by Type 
• Exhibit 68: Chart on Comparison by Type
• Exhibit 69: Data Table on Comparison by Type

• 8.3 Row crops and cereals - Market size and forecast 2022-2027 
• Exhibit 70: Chart on Row crops and cereals - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Data Table on Row crops and cereals - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Chart on Row crops and cereals - Year-over-year growth 2022-2027 (%)
• Exhibit 73: Data Table on Row crops and cereals - Year-over-year growth 2022-2027 (%)

• 8.4 Fruits and vegetables - Market size and forecast 2022-2027 
• Exhibit 74: Chart on Fruits and vegetables - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Data Table on Fruits and vegetables - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Chart on Fruits and vegetables - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on Fruits and vegetables - Year-over-year growth 2022-2027 (%)

• 8.5 Turfs and ornaments - Market size and forecast 2022-2027
• Exhibit 78: Chart on Turfs and ornaments - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Data Table on Turfs and ornaments - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Chart on Turfs and ornaments - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on Turfs and ornaments - Year-over-year growth 2022-2027 (%)

• 8.6 Others - Market size and forecast 2022-2027
• Exhibit 82: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 85: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 8.7 Market opportunity by Type 
• Exhibit 86: Market opportunity by Type ($ million)

9 Customer Landscape

• 9.1 Customer landscape overview 
• Exhibit 87: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

• 10.1 Geographic segmentation 
• Exhibit 88: Chart on Market share by geography 2022-2027 (%)
• Exhibit 89: Data Table on Market share by geography 2022-2027 (%)

• 10.2 Geographic comparison 
• Exhibit 90: Chart on Geographic comparison
• Exhibit 91: Data Table on Geographic comparison

• 10.3 Europe - Market size and forecast 2022-2027
• Exhibit 92: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 95: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 10.4 APAC - Market size and forecast 2022-2027
• Exhibit 96: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 99: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 10.5 North America - Market size and forecast 2022-2027
• Exhibit 100: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 103: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 10.6 South America - Market size and forecast 2022-2027
• Exhibit 104: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 107: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 10.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 108: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 111: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 10.8 Germany - Market size and forecast 2022-2027
• Exhibit 112: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 115: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 10.9 China - Market size and forecast 2022-2027
• Exhibit 116: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 118: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 119: Data Table on China - Year-over-year growth 2022-2027 (%)

• 10.10 US - Market size and forecast 2022-2027
• Exhibit 120: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 121: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 122: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 123: Data Table on US - Year-over-year growth 2022-2027 (%)

• 10.11 Japan - Market size and forecast 2022-2027
• Exhibit 124: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 125: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 126: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 127: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 10.12 Canada - Market size and forecast 2022-2027
• Exhibit 128: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 129: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 130: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 131: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 10.13 India - Market size and forecast 2022-2027
• Exhibit 132: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 133: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 134: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 135: Data Table on India - Year-over-year growth 2022-2027 (%)

• 10.14 Market opportunity by geography 
• Exhibit 136: Market opportunity by geography ($ million)

11 Drivers, Challenges, and Trends

• 11.1 Market drivers

• 11.2 Market challenges

• 11.3 Impact of drivers and challenges 
• Exhibit 137: Impact of drivers and challenges in 2022 and 2027

• 11.4 Market trends

12 Vendor Landscape

• 12.1 Overview

• 12.2 Vendor landscape 
• Exhibit 138: Overview on Criticality of inputs and Factors of differentiation

• 12.3 Landscape disruption 
• Exhibit 139: Overview on factors of disruption

• 12.4 Industry risks 
• Exhibit 140: Impact of key risks on business

13 Vendor Analysis

• 13.1 Vendors covered 
• Exhibit 141: Vendors covered

• 13.2 Market positioning of vendors 
• Exhibit 142: Matrix on vendor position and classification

• 13.3 ADAMA Ltd. 
• Exhibit 143: ADAMA Ltd. - Overview
• Exhibit 144: ADAMA Ltd. - Business segments
• Exhibit 145: ADAMA Ltd. - Key offerings
• Exhibit 146: ADAMA Ltd. - Segment focus

• 13.4 Bayer AG 
• Exhibit 147: Bayer AG - Overview
• Exhibit 148: Bayer AG - Business segments
• Exhibit 149: Bayer AG - Key offerings
• Exhibit 150: Bayer AG - Segment focus

• 13.5 Biolchim Spa 
• Exhibit 151: Biolchim Spa - Overview
• Exhibit 152: Biolchim Spa - Product / Service
• Exhibit 153: Biolchim Spa - Key offerings

• 13.6 Biostadt India Ltd. 
• Exhibit 154: Biostadt India Ltd. - Overview
• Exhibit 155: Biostadt India Ltd. - Product / Service
• Exhibit 156: Biostadt India Ltd. - Key offerings

• 13.7 Biovert SL 
• Exhibit 157: Biovert SL - Overview
• Exhibit 158: Biovert SL - Product / Service
• Exhibit 159: Biovert SL - Key offerings

• 13.8 Crop Demetra Ltd. 
• Exhibit 160: Crop Demetra Ltd. - Overview
• Exhibit 161: Crop Demetra Ltd. - Product / Service
• Exhibit 162: Crop Demetra Ltd. - Key offerings

• 13.9 FMC Corp. 
• Exhibit 163: FMC Corp. - Overview
• Exhibit 164: FMC Corp. - Product / Service
• Exhibit 165: FMC Corp. - Key offerings

• 13.10 Haifa Group 
• Exhibit 166: Haifa Group - Overview
• Exhibit 167: Haifa Group - Product / Service
• Exhibit 168: Haifa Group - Key offerings

• 13.11 Idai Nature S.L 
• Exhibit 169: Idai Nature S.L - Overview
• Exhibit 170: Idai Nature S.L - Product / Service
• Exhibit 171: Idai Nature S.L - Key offerings

• 13.12 Italpollina Spa 
• Exhibit 172: Italpollina Spa - Overview
• Exhibit 173: Italpollina Spa - Product / Service
• Exhibit 174: Italpollina Spa - Key offerings

• 13.13 Koppert 
• Exhibit 175: Koppert - Overview
• Exhibit 176: Koppert - Product / Service
• Exhibit 177: Koppert - Key offerings

• 13.14 OMEX 
• Exhibit 178: OMEX - Overview
• Exhibit 179: OMEX - Product / Service
• Exhibit 180: OMEX - Key offerings

• 13.15 RAG Stiftung 
• Exhibit 181: RAG Stiftung - Overview
• Exhibit 182: RAG Stiftung - Product / Service
• Exhibit 183: RAG Stiftung - Key offerings

• 13.16 SICIT Group Spa 
• Exhibit 184: SICIT Group Spa - Overview
• Exhibit 185: SICIT Group Spa - Product / Service
• Exhibit 186: SICIT Group Spa - Key offerings

• 13.17 UPL Ltd. 
• Exhibit 187: UPL Ltd. - Overview
• Exhibit 188: UPL Ltd. - Business segments
• Exhibit 189: UPL Ltd. - Key news
• Exhibit 190: UPL Ltd. - Key offerings
• Exhibit 191: UPL Ltd. - Segment focus

14 Appendix

• 14.1 Scope of the report

• 14.2 Inclusions and exclusions checklist 
• Exhibit 192: Inclusions checklist
• Exhibit 193: Exclusions checklist

• 14.3 Currency conversion rates for US$ 
• Exhibit 194: Currency conversion rates for US$

• 14.4 Research methodology 
• Exhibit 195: Research methodology
• Exhibit 196: Validation techniques employed for market sizing
• Exhibit 197: Information sources

• 14.5 List of abbreviations 
• Exhibit 198: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio