The global biostimulants market was valued at USD 4.03 billion in 2024. It is anticipated to expand from USD 4.47 billion in 2025 to USD 9.75 billion by 2032, registering a compound annual growth rate (CAGR) of 11.80% over the forecast period. In 2024, Europe led the biostimulants market, accounting for a 38.95% share.

In the U.S., the biostimulants market is projected to witness significant growth, with an estimated valuation of USD 1.46 billion by 2032. This growth is fueled by increased R&D spending by key market players and advancements in agricultural technologies.

Biostimulants refer to any substances or microorganisms applied to plants to enhance crop quality, nutrient efficiency, and tolerance to abiotic stress. The growing popularity of organic farming, rising environmental and climate-related concerns, and a broader global movement toward sustainability are key factors driving the market's expansion.

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Segments

Enhancement of Biochemical and Physiological Traits in Crops to Support Non-Microbial Segment Growth

By source, the market is segmented into microbial and non-microbial. The non-microbial category leads and is expected to show robust growth throughout the forecast period, primarily due to its impact on improving crops' biochemical and physiological characteristics.

Global Increase in Seaweed Cultivation to Propel Seaweed Extracts Segment Growth

Based on active ingredients, the market is segmented into seaweed extracts, humic substances, vitamins & amino acids, microbial amendments, and others. The seaweed extracts segment dominates due to the rising global cultivation of seaweed.

High Efficiency of Foliar Sprays in Enhancing Plant Health to Drive Foliar Application Segment Growth

In terms of application, the market is classified into foliar application, soil treatment, and seed treatment. The foliar application segment holds the largest market share due to its proven effectiveness in enhancing plant health.

Rising Greenhouse Vegetable Production to Support Row Crops Segment Growth

By crop type, the market is divided into row crops, fruits and vegetables, turf & ornamentals, and others. Row crops are expected to dominate during the forecast period, driven by increased adoption of greenhouse vegetable farming and a growing demand for high-value crops.

Geographically, the market is assessed across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report includes:

• Key growth drivers, restraints, opportunities, and challenges affecting the market
• Detailed analysis of regional trends
• A list of major industry players
• Core strategies adopted by leading market participants
• Recent industry developments, including new product launches, partnerships, mergers, and acquisitions

Drivers & Restraints

Growing Awareness of the Environmental Harm Caused by Chemical Fertilizers to Accelerate Market Growth

Rising awareness about the adverse environmental effects of synthetic fertilizers and chemical plant protection products is a major contributor to the growth of the biostimulants market. Farmers are increasingly opting for natural and eco-friendly alternatives, leading to higher adoption of biostimulants, which are more targeted and environmentally sustainable.

However, a lack of clear regulations concerning the commercialization of biostimulants could act as a barrier to market growth.

Regional Insights

Establishment of Government Organizations to Support Market Growth in Europe

Europe recorded USD 1.43 billion in market value in 2023 and held the largest share in the biostimulants sector. Growth in this region is attributed to the establishment of multiple government bodies such as ACI’s Biostimulants Associations and the European Biostimulants Industry Council, which are fostering market development.

Asia Pacific is projected to experience notable growth throughout the forecast period, largely due to increased adoption of premium agricultural products by regional manufacturers, thereby supporting market expansion.

Competitive Landscape

Heightened Focus on Product Innovation by Key Players to Foster Market Growth

The market is highly competitive, with the presence of prominent players focusing on innovation and launching new products. These efforts aim to meet farmers' needs for improved crop resilience and nutrient uptake efficiency, driving further market expansion.

List of Key Players Profiled 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

In December 2023, Rovensa Group, a leader in agricultural inputs, acquired Agro-K, a prominent U.S.-based family-owned biostimulant producer. This acquisition enhances Rovensa’s biostimulant offerings in the U.S. market and provides a robust portfolio of complementary solutions.