Biostimulants Market Size, Share, Global Market Overview and Forecast Through 2032
The global biostimulants market was valued at USD 4.03 billion in 2024. It is expected to expand from USD 4.47 billion in 2025 to USD 9.75 billion by 2032, reflecting a compound annual growth rate (CAGR) of 11.80% throughout the forecast period. Europe led the global biostimulants market with a share of 38.95% in 2024.
The U.S. biostimulants market is anticipated to experience strong growth, with projections estimating it will reach USD 1.46 billion by 2032. This growth is largely fueled by increased research and development activities by major industry players and innovations in agricultural technologies.
Biostimulants refer to substances or microorganisms applied to plants with the aim of improving crop quality, enhancing nutrient uptake, and increasing tolerance to environmental stresses. Rising interest in organic farming, growing environmental and climate-related concerns, and the global emphasis on sustainable agriculture are among the key factors driving market growth.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/biostimulants-market-100414
Segmentation:
Non-Microbial Biostimulants to Lead Due to Unique Bioactive Components
Based on the source, the market is divided into microbial and non-microbial biostimulants.
The non-microbial segment holds the largest share and is expected to maintain this position due to its effectiveness in improving crops’ physiological and biochemical characteristics. These biostimulants include various active compounds like humic acids, inorganic substances, seaweed extracts, and biopolymers.
Seaweed Extracts to Command the Market Due to Rich Elicitor Content
In terms of active ingredients, the market includes humic substances, seaweed extracts, microbial amendments, vitamins and amino acids, and others.
Humic substances, which include humic and fulvic acids, are extensively used by growers and are known to cause positive changes in root system structure.
Foliar Application to be the Leading Method Due to Superior Effectiveness
By application method, the market is segmented into seed treatment, foliar application, and soil treatment.
Foliar application holds the highest market share because of its superior ability to enhance plant health and performance efficiently.
Row Crops to Hold Dominance Due to High Cultivation Rates
The crop type segment includes turf and ornamentals, row crops, fruits and vegetables, and others.
Row crops—comprising cereals, fiber crops, oilseeds, and pulses—are anticipated to remain the most dominant, given their extensive cultivation worldwide. Major crops include cotton, soybean, sunflower, and others.
Regionally, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage:
This report offers:
- In-depth insights into growth drivers, market challenges, opportunities, and restraints.
- Detailed analysis of regional market trends.
- Overview of leading companies operating in the market.
- Review of strategies adopted by market participants.
- Updates on major developments such as new product launches, partnerships, and mergers & acquisitions.
Drivers and Restraints:
Increased Preference for Natural Crop Enhancers to Fuel Market Growth
The direct connection between food safety and public health has prompted stakeholders in the agriculture and food industries to support sustainable food production. Farmers are increasingly choosing biostimulants to boost plant health and resilience under extreme weather conditions. However, in many emerging economies, the absence of strong regulatory frameworks and limited awareness of biostimulant benefits may pose challenges. Additionally, a lack of reliable products and support policies could restrict market expansion.
Regional Insights:
Europe to Lead Due to Rising Support for Eco-Friendly Agricultural Inputs
Europe is projected to hold a dominant position due to growing governmental and institutional focus on adopting sustainable agricultural practices, along with active biostimulant associations across the region. In North America, the market is expected to rise steadily due to increased investment in research related to biological agricultural inputs. These tools are becoming essential to integrated approaches for maximizing crop output.
Competitive Landscape:
Leading Companies Focus on Innovation to Strengthen Market Position
Top companies continue to develop and release new products to maintain market leadership. In addition, firms—both large and small—are employing strategies such as research and development, mergers and acquisitions, and collaborations with public entities to improve their competitive standing.
List of Key Players Highlighted in the Report:
- Bayer AG (Germany)
- Syngenta AG (Switzerland)
- UPL Limited (India)
- Gowan Group (U.S.)
- BASF SE (Germany)
- Marrone Bio Innovations (U.S.)
- SEIPASA S.A. (Spain)
- I. Industries (India)
- Novozymes A/S (Denmark)
- Koppert Biological Systems (Netherlands)
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Key Industry Development:
March 2022: Valagro, along with its Indian arm Valagro Biosciences, introduced its innovative biostimulant product, Talete, to the Indian market. This new solution is designed to improve crop water productivity.
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