What is Global Extract-based Biostimulants Market?
The Global Extract-based Biostimulants Market is a burgeoning field that focuses on the production and application of biostimulants derived from various natural extracts. These biostimulants are organic substances used in agriculture to enhance the growth, yield, and overall health of plants. They are not fertilizers, but they complement them by improving nutrient uptake and efficiency. The market encompasses a wide range of products, from seaweed extracts to humic and fulvic acids, amino acids, and other beneficial microorganisms. The global market for these biostimulants is growing rapidly due to the increasing demand for sustainable farming practices and organic food products. The use of extract-based biostimulants not only boosts crop yield but also improves soil health and reduces the environmental impact of conventional farming methods.
Microbial Stimulants, Seaweed, Vitamins in the Global Extract-based Biostimulants Market:
The Global Extract-based Biostimulants Market is segmented into various types, including microbial stimulants, seaweed extracts, and vitamin-based biostimulants. Microbial stimulants are beneficial bacteria or fungi that enhance plant growth by improving nutrient uptake, promoting root development, and protecting plants from diseases. Seaweed extracts are rich in various nutrients, hormones, and other bioactive compounds that stimulate plant growth and enhance stress resistance. Vitamin-based biostimulants, on the other hand, play crucial roles in plant metabolism and growth regulation. They are often used in combination with other biostimulants to maximize their effects. The choice of biostimulant depends on the specific needs of the crop and the farming conditions.
Fruits & Vegetables, Turf & Ornamentals, Row Crops in the Global Extract-based Biostimulants Market:
The Global Extract-based Biostimulants Market finds its application in various areas, including fruits and vegetables, turf and ornamentals, and row crops. In the fruits and vegetables sector, biostimulants are used to enhance yield, improve fruit quality, and extend shelf life. They also help in reducing post-harvest losses. In the turf and ornamentals sector, biostimulants are used to improve the aesthetic appeal of lawns, golf courses, and other landscaped areas by promoting healthy growth and vibrant color. In the row crops sector, which includes crops like corn, wheat, and soybeans, biostimulants are used to enhance yield and improve resistance to stress conditions like drought, salinity, and extreme temperatures.
Global Extract-based Biostimulants Market Outlook:
The future of the Global Extract-based Biostimulants Market looks promising. In 2023, the market was valued at US$ 81 million. It is projected to grow at a steady pace, reaching an estimated value of US$ 97.5 million by 2030. This represents a compound annual growth rate (CAGR) of 2.8% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing global demand for sustainable agricultural practices and the growing awareness about the benefits of biostimulants. As more farmers adopt these organic farming aids, the market for extract-based biostimulants is expected to continue its upward trajectory.
| Report Metric | Details |
| Report Name | Extract-based Biostimulants Market |
| Accounted market size in 2023 | US$ 81 million |
| Forecasted market size in 2030 | US$ 97.5 million |
| CAGR | 2.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Agri Life, Biostadt, Neophyll, Nakoda Biocontrols, Biotech International, India FarmCare, Miracle Organics Private, HCM Agro produts, Vijay Agro Industries, Arysta Life Science, VALAGRO, Leili, Acadian Seaplants, Kelpak |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
