According to Future Market Insights research, during the projected forecast period, the Seed Biostimulants market is expected to grow at a CAGR of 3.4%. The market value projected to increase is from USD 3,816.8 Million in 2022 to USD 5,332.2 Million by 2032. The Seed Biostimulants market was valued at USD 3,670.0 Million at the end of 2021 and is projected to exhibit Y-o-Y growth of 4.0% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 3,816.8 Million |
| Market Forecast Value in 2032 | USD 5,332.2 Million |
| Global Growth Rate (2022 to 2032) | 3.4% CAGR |
| Forecast Period | 2022 to 2032 |
| USA market share of Seed Biostimulants | 33.7% |
Seed biostimulants are compounds or microorganisms that are added to seeds in order to increase plant development, tolerance to abiotic stressors, and water uptake. This reduces the need for fertilizers. Biostimulants improve seed nutrient absorption and nutrient efficiency. The modest amount of seed biostimulants is effective in promoting improved plant essential processes and enables high yields of high-quality crops.
Humic acids, algal extracts, hormones, and microorganisms that encourage plant growth are some of the several raw ingredients used in the formulation of seed biostimulants. Research is being done to determine how biostimulants affect how plants develop when stressed, exposed to a saltwater environment, and growing from seedlings.
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In the Historical outlook of the Seed Biostimulants market the value increased from USD 3,137.1 Million in 2017 to USD 3,670.0 Million in 2021. The CAGR (2017 to 2021) is observed to be 4.0%.
The major drivers for this market growth are the increasing demand for food and the need for improved crop yield. Seed biostimulants help in improving plant growth and yield by providing essential nutrients and stimulating plant growth hormones.
They are also known to increase the water and nutrient uptake by plants, which leads to better yields. The other benefits of using seed biostimulants include stress tolerance, disease resistance, and enhanced flavor and shelf life of crops.
For the Future projection of the Seed Biostimulants markets the value increased from USD 3,816.8 Million in 2022 to USD 5,332.2 Million in 2032. The CAGR (2022 to 2032) is estimated to be 3.4%.
The market is driven by the increasing demand for organic food and the need for sustainable agriculture practices. The use of biostimulants can help improve plant growth and yield while reducing the use of chemical fertilizers and pesticides.
The North American market is further aided by the presence of large agricultural companies, such as Monsanto and DuPont, which are investing in the research and development of new seed biostimulant products.
The USA contributes 33.7% of the total revenue for the Seed Biostimulants Market.
The European Union (EU) is the largest market for seed biostimulants. The region is expected to continue its dominance in the global seed biostimulants market owing to favorable government regulations and policies encouraging the use of biostimulants in agriculture.
Germany contributes 24.5% to the Seed Biostimulants market and United Kingdom CAGR for the forecast period is 4.6%.
The Asia Pacific region is expected to be the fastest-growing market for seed biostimulants. The demand for biostimulants in agriculture is increasing due to the need for higher yields and quality crops. Seed biostimulants help improve plant growth and yield by providing essential nutrients and improving stress tolerance.
The Asia Pacific region has a vast population and an increasing demand for food. This, coupled with the growing awareness of the benefits of seed biostimulants, is expected to drive market growth in this region.
Japan's contribution to the Seed Biostimulants market is 12.3% of the total market share, India and China are market drivers in Asia Pacific and their latest CAGR in the Seed Biostimulants market are 5.8% and 5.9% respectively.
Seed biostimulants are a new and rapidly growing category of products that can be used to improve plant establishment, yield, and quality. The Latin American market for seed biostimulants is expected to grow substantially in the next few years.
There are several factors driving this growth. First, the region has a large and expanding agricultural sector. Second, there is increasing awareness of the benefits of seed biostimulants among farmers and other stakeholders. Third, many countries in the region are investing in the research and development of new seed biostimulant products.
The Latin American market for seed biostimulants offers considerable opportunities for companies operating in this space. There is a need for products that can improve yields and quality while reducing input costs.
The demand for seed biostimulants is driven by the increasing demand for food and the need to improve crop productivity. The Middle East and Africa(MEA) region is expected to be the fastest-growing market for seed biostimulants, due to the increasing population and the rising demand for food.
From the Oceania region, Australia is contributing 2.4% of the total revenue of the Seed Biostimulants market.
Principal Consultant
There are two main types of seed biostimulants: those that provide nutrients and those that stimulate plant growth.
Nutrient-based seed biostimulants provide essential elements that plants need for proper growth, such as nitrogen, phosphorus, and potassium. These products can be applied before or after planting, and they can be used on a variety of crops.
Growth-stimulating seed biostimulants contain plant hormones or other compounds that promote germination, root development, and shoot growth. These products are usually applied before planting, and they are typically used on field crops such as corn, soybeans, and wheat.
Seed biostimulants are a relatively new type of product on the market that can provide numerous benefits for crops. They are most commonly used as a way to improve seed germination and early plant growth. However, they can also be used to help crops better withstand stress, improve nutrient uptake, and increase yields.
There are a variety of different seed biostimulants available, each with its own unique set of benefits. For example, some products contain micronutrients that can help plants better utilize fertilizers. Others contain beneficial bacteria or fungi that can improve root growth and help plants better absorb water and nutrients from the soil.
The competitive landscape of the biostimulants market is fragmented with the presence of a large number of players. The key players in the market are BASF SE, Akzo Nobel N.V., DowDuPont, Inc., and others.
BASF SE is one of the leading players in the biostimulants market. The company has a strong product portfolio and is well-positioned in the market with its innovative products and solutions. Akzo Nobel N.V. is another leading player in the biostimulants market. The company has a strong product portfolio and offers a wide range of products for different applications.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa(MEA); RoW |
| Key Countries Covered | USA, Canada, Mexico, Germany, United Kingdom, France, Russia, Brazil, Argentina, Japan, Australia, China, India |
| Key Segments Covered | Ingredient Type, Form, Application, Sales Channel, Region |
| Key Companies Profiled | BASF SE; Akzo Nobel N.V.; DowDuPont Inc.; BAYER CROP SCIENCE; PRP Technologies; Solvay; Koppert Biological Systems; Fyteko; OMEX; Legend Seeds; Biolchim S.p.A.; Isagro S.p.A.; African; Meristem |
| Report Coverage | Drivers, Restraints, Opportunities and Threats Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Seed Biostimulants market will reach a valuation of USD 3,816.8 Million by the end of 2022.
The USA Seed Biostimulants Market is contributing 33.7% of the total market share which is valued at around USD 1,286.3 Million.
The USA, Canada, Mexico, Argentina, Brazil, Germany, United Kingdom, France, Italy, Russia, Spain China, Japan, India, and Australia are the major countries driving demand for Seed Biostimulants Market.
The Germany Seed Biostimulants Market is contributing 24.5% of the total market share which values at USD 935.1 Million.
BASF SE, Akzo Nobel N.V., DowDuPont Inc., BAYER CROP SCIENCE, PRP Technologies Above are the top 5 market players in the Seed Biostimulants industry.
The Japan Seed Biostimulants market contribution is 12.3% of the total market share.
The India Seed Biostimulants market will grow at 5.8% CAGR between 2022 and 2032.
The global Seed Biostimulants market is forecasted to surpass USD 5,332.2 Million by the end of 2032.
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