Asia Pacific Biostimulants Market Size, Industry Report 2031

Report Description

Asia Pacific Biostimulants Market Outlook 2031:

The Asia Pacific biostimulants market ize was valued at USD 643.55 Million in 2022 and is projected to reach USD 1.53 Billion by 2031, expanding at a CAGR of 10.17% during the forecast period 2023 - 2031. The growth of the market is attributed to the rising need for support crop owing to changing climatic conditions & abiotic stress, increasing focus on enhancing productivity and growing demand for the high value crops.

Biostimulants are the natural products made from microorganism applied to crops that decreases the need for fertilizers and raises plant growth. These are very efficient and helps in the good performance of the plant important processes also it allows good quality as well as high yields products. It can be available in the synthetic or natural substances and also applied on soil, seeds, and plants.

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Biostimulants decreases the need for fertilizers. It helps to boost the plant development and allows growth throughout the lifecycle of crop from generation of seed to the maturity of plants. These fertilizers help to facilitate the nutrients assimilation, use, and translocation as well as it in increases the fertility of the soil by stimulation of the development of soil microorganism that are interdependent.

 Biostimulants Market Trends, Drivers, Restraints, and Opportunities

• Rising awareness of the benefits of biostimulants is expected to boost the market expansion in the coming years.
• Rapid growth of the agriculture industry is major factor propelling the market growth during the forecast period.
• High cost of the biostimulants is estimated to restrict the market expansion in the coming years.
• Lack of awareness regarding the use among farmers acts as main challenge that can impede the growth.  
• R&D investment and technological advancement in biostimulants are anticipated to offer lucrative opportunities for the market players.

Scope of Biostimulants Market Report

The report on the Asia Pacific biostimulants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Biostimulants Market Segment Insights

Amino acids segment is projected to account for a large market share

Based on active ingredients, the Asia Pacific biostimulants market is divided into fulvic acid, protein hydrolysates, humic acid, amino acids, seaweed extracts, and others. The amino acids segment is expected to constitute a key share of the market during the forecast period owing to its high usage in various applications and as it activates the metabolic systems of seed & plant germination.

However, the humic acid segment is anticipated to expand at a rapid pace during the forecast period due to high usage owing to presence of plant growth substance.

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Natural biostimulants segment is projected to hold a key market share

On the basis of origins, the market is segmented into biosynthetic biostimulants and natural biostimulants. The natural biostimulants segment is expected to represent a key share of the market in the coming years due to it abiotic stress tolerance, enhances nutrition efficiency, and improves crop quality.

On the other hand, the biosynthetic biostimulants segment is anticipated to expand at a rapid pace during the forecast period owing to it increases the plant growth, decreases the need for fertilizers, and it resist to water.

Seed segment is projected to constitute a major market share

In terms of applications, the Asia Pacific biostimulants market is segregated into soil, foliar, and seed. The seed segment is expected to account for a key share of the market during the forecast period owing to conventional spray techniques and its cost effective applications.

However, the foliar segment is anticipated to expand at a rapid pace during the forecast period due to as it is applied on leaves to facilitate the easy adoption of the nutrients.

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Cereals segment is projected to account for a large market share

Based on crop types, the market is divided into oilseeds, turf & ornamentals, cereals, fruits & vegetables, and others. The cereals segment is expected to constitute a key share of the market during the forecast period owing to rising demand for the organic cereals and increasing acceptability for the organic farming.

However, the fruits & vegetables segment is anticipated to expand at a rapid pace during the forecast period due to increasing demand for nutrients fruits & vegetables and rising trend for fitness.

 China is anticipated to dominate the market

On the basis of geography, the Asia Pacific biostimulants market is categorized as Japan, Australia, China, India, and Rest of Asia Pacific. The market of China is anticipated to expand at an impressive CAGR during the forecast period.

The regional market growth can be attributed to rising emphasis on the government on adopting sustainable farming substance, method, and tools. On the other hand, the market of India is expected to exhibit a rapid growth rate in the coming years due to rising adoption of organic agriculture.