Bio Stimulants are a mixture of plant hormones

Bio Stimulants are a mixture of plant hormones

Bio Stimulants are a mixture of plant hormones, micro-organisms, trace elements, extracts from seaweeds and enzymes that help increase crop productivity. This consists of naturally occurring growth hormones and enrichment of nutrients promoting sustainable farming practices such as increased soil fertility and sustaining a normal and viable soil flora and fauna ecosystem. Bio Stimulants have multiple functions including increased nutrient intake, metabolism, water retention capacity, and chlorophyll production. A Bio Stimulant promotes plant growth and yield throughout the crop life cycle, i.e., from germinating seeds to plant maturity. Such fertilizers further assist in facilitating nutrient translocation, assimilation, and enhance soil fertility, primarily by stimulating interdependent soil microorganism growth. The size of the global Bio Stimulant market in 2019 is estimated at $2.64 Billion and is projected to grow at a CAGR of 13.4% during the forecast period 2020-2025. Increasing emphasis to improve crop productivity and quality drives the growing consumer demand for Bio Stimulant products. The implementation of sustainable agriculture to protect the ecosystem from adverse effects is another important factor affecting demand growth. Factors such as rising ecological issues led by excessive use of synthetic pesticides, increased demand for higher-value crops, decreased supply of arable land are estimated to foster the growth of the global Bio Stimulant industry over the forecast period 2020-2025.

The Bio Stimulants market is segmented by active ingredients which includes Acid based, Extract based and others. The sub segment of acid based is projected to remain market-dominant in value terms during the period under consideration. Amino acids are among the major phytohormone originators and help to activate plant metabolic systems and germinate seeds. They stimulate plant fruit setting, flowering, pollination and fruit growth. Humic products are naturally occurring end products arising from the decomposition of microorganisms such as bacteria and fungi, and the chemical degradation of residues of animals and plants in soils. Extracts based are predicted to experience the highest rate of growth over the forecast period. They are primarily used as Bio Stimulants owing to the inclusion of plant growth substances such as carbohydrates of cytokinins, auxins, and gibberellins, and various nutrient metal elements such as iron, aluminum, phosphorus, manganese, and potassium. Extracts of widely used seaweed are brown, green and red algae. In addition, a high mineralization rate of organic substances worldwide has necessitated a need to improvise soil fertility where humic acids are commonly used..

On the basis of Crop type the market of Bio Sstimulants is segmented into Row Crops, Fruits and Vegetables, Turf and Ornamentals and others. Row crops dominate the overall crop-based demand for Bio Stimulants. They include maize, soybeans, barley , oats, millets, cotton and others. These crops are widely cultivated in wide areas around the globe and provide lucrative growth opportunities for the industry. Bio Stimulants improve the cell division rate, seed size and yields for row crops such as soybeans, corn and barley. In addition, rising demand for organic cereals is estimated to boost this segment even further. Increasing acceptance of both sustainable and organic farming to meet the increasing demand for food is likely to generate vast market growth opportunities. The enormous quantity of Bio Stimulants being added to these large-acre crops are set to substantially drive the growth of this market.

The method of application segment of Bio Stimulants market includes Foliar application, Soil application, Seed application. The foliar application technique dominates the global market, while seed application treatment is anticipated to display the highest revenue-based CAGR of xx% over the forecast period 2020-2025. Bio Stimulant application by foliar spray theoretically maximizes production in multiple crops. Foliar sprays are of numerous benefits to many high-value crops and are highly persuasive to be applied to plants compared to other methods of application. Glycine betaine, chelated nutrients, and IPA molecule are some of the main active ingredients used for foliar application in these products. The treatment allows for faster nutrient absorption by the leaves and increases cellular activity. As opposed to traditional spraying methods, seed treatment is among the most cost-effective applications. The treatment is effective in efficiency, and not as labor intensive as other methods.

North America, Europe, Asia Pacific, and RoW are the geographic segments in this study. Europe is the world's largest revenue-generating region, and is anticipated to remain to dominate over the forecast period. Supportive legislation to increase organic food production are expected to improve Bio Stimulant use. The European Bio Stimulants Industry Council (EBIC) is one of the most prominent councils that actively promotes the use of Bio Stimulants among Europeans. Asia pacific is anticipated to see promising growth over the forecast period owing to the combination of various agriculture-driven economies such as India, China and Australia. Countries in Asia Pacific are very diverse in terms of income levels, spending capacity and eating habits.

Global Bio Stimulants Market Revenue, By Geography, 2019-2025 (%)

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Key players in the global market for Bio Stimulants include BASF SE, Isagro Group, Sapec Group, Biolchim S.P.A, Novozymes A / S, Platform Specialty Products Corporation, Valagro Group, Koppert B.V., Italpollina SAP, and Biostadt India Limited.


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