North America Biostimulants Market Size, and Industry | 2031

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North America Biostimulants Market Size, and Industry | 2031

North America Biostimulants Market Size, and Industry | 2031

Segments - North America Biostimulants Market by Active Ingredients (Humic Acid, Fulvic Acid, Amino Acid, Protein Hydrolysates, Seaweed Extracts, and Others), Type (Natural and Biosynthetic), Applications (Foliar, Seed, and Soil), and Crop Types (Cereals, Oilseeds, Fruits and Vegetables, Turf and Ornamental, and Others), and Regions (North America [United States, Canada, Mexico, and Rest of North America]) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

North America Biostimulants Market Outlook 2031:

The North America biostimulants market size was valued at USD 836.56 Million in 2022 and is projected to reach USD 2.45 Billion by 2031, expanding at a CAGR of 12.7% during the forecast period 2023 - 2031. The growth of the market is attributed to the expansion of organic food production and increasing demand for high-quality food & agricultural products.

Bio stimulant is an organic substance that is applied to plant parts and soil to increase yield, which can fuel the chlorophyll production and plant growth, and improve water storage capacity. Biostimulants are widely used in gardening and agriculture and helps to improve the microbial community, thereby improving the absorption of nutrients by plants. Hormones stimulate growth, root development, and cell enlargement, thus promoting vitality and overall health. It is made of natural and degradable materials that do not harm the plant environment.

Biostimulants Market Trends, Drivers, Restraints, and Opportunities

Growing demand for safe and environment friendly products that can be used to replace synthetic materials is anticipated to drive the market during the forecast period.
Rapid growth of the organic food industry and quality crops is likely to increase demand for biostimulants.
Growing demand for agricultural production and the strong interest in organic products by universities, government agencies, and non-governmental organizations are driving the market.
High production cost is expected to hamper the market growth.
Lack of awareness about the benefits of biostimulants among the population act as major factors that can restrict the market growth during the forecast period.

Scope of the Biostimulants Market Report

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

Attributes	Details
Report Title	North America Biostimulants Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2023
Segmentation	Active Ingredients (Humic Acid, Fulvic Acid, Amino Acid, Protein Hydrolysates, Seaweed Extracts, and Others), Types (Natural and Biosynthetic), Applications (Foliar, Seed, and Soil), and Crop Types (Cereals, Oilseeds, Fruits and Vegetables, Turf and Ornamental, and Others)
Regional Scope	United States, Canada, Mexico, and Rest of North America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Valagro SpA, Arysta Life Science, Humic Growth, Agrinos, and Isagro SpA

Biostimulants Market Segment Insights

The amino acids segment is projected to hold a major market share

Based on active ingredients, the market is segregated into humic acid, fulvic acid, amino acid, protein hydrolysates, seaweed extracts, and others. The amino acid segment is expected to represent a key share of the market during the forecast period owing to the 30 % of the total market share.

The humic acid segment is projected to expand at a high CAGR during the forecast period. It is mainly provided as the only active ingredient with functions such as stress resistance or improving plant quality. However, due to in-depth research on the market, companies such as Valagro (Italy) have developed formulas for mixing multiple active ingredients.

North America Biostimulants Market Active Ingredients

The foliar segment is expected to grow at a rapid pace

Based on applications, the biostimulant market is segmented into foliar, seed, and soil. The foliar segment is expected to hold a key share of the market in the coming years. Foliar is directly applied to the leaves to promote nutrient absorption. Absorption occurs through the epidermis and stomata. Most of the biostimulants advertised for foliar treatment are sold in liquid form for ease of use.

Chelated nutrients and IPA molecules are some of the main active ingredients used in foliar applications. Processing promotes faster absorption of nutrients by leaves, improves nutrient absorption, and increases cell activity. On the other hand, the seed segment is anticipated to expand at a rapid pace during the forecast period due to traditional spraying methods, seed treatment is one of the most profitable applications. In terms of its characteristics, this process is effective and does not require as much work as other methods.

North America Biostimulants Market Applications

The cereals segment is anticipated to expand at a high CAGR

Based on crop types, the biostimulants market is segmented into cereals, oilseeds, fruits & vegetables, turf & ornamental, and others. The cereals segment is expected to account for a key share of the market during the forecast period. These crops are grown in large area, providing profitable growth opportunities for the industry.

Biostimulants can increase the cell division speed, seed size, and yield of field crops such as soybeans, corn & barley, oats, millet, and cotton. They contain amino acids, polyamines, and indole-3-acetic acid (IAA). Helps overcome barriers to cell division and reproduction. Agricultural professionals are increasingly using biostimulants to grow row crops and cereals.

In addition, growing demand for organic grains is expected to c drive the market. On the other hand, the fruit & vegetables segment is anticipated to expand at a rapid pace during the forecast period due to the high production of fruits and vegetables in the region, the fruit and vegetable sector is expected to dominate the regional biostimulant market. The high demand for vegetables and fruits requires biostimulants to meet the growing market demand.

The natural biostimulants segment is anticipated to hold a major market share

Based on types, the biostimulant market is segmented into natural biostimulant and biosynthetic biostimulant. The natural biostimulant segment is expected to hold a key share of the market during the forecast period due to factors such as low cost, high fertility, and high yield.

United States is expected to dominate the market

On the basis of regions, the biostimulant market is classified as United States, Canada, Mexico, and Rest of North America. The market in United States is anticipated to dominate the market during the forecast period. The United States has a highly developed agricultural sector and continues to pursue organic and self-sufficient agricultural methods.

In addition to the chemical aspects and its negative impact on the production of biostimulants, has also led to an increase in the consumption of biostimulants. On the other hand, the market in Canada is expected to exhibit a rapid growth in the coming years due to the Canadian government's increasing support to ensure safe agriculture in the country.

Segments

The North America biostimulant market has been segmented on the basis of

Active Ingredients

Humic Acid
Fulvic Acid
Amino Acid
Protein Hydrolysates
Seaweed Extracts
Other

Types

Natural
Biosynthetic

Applications

Foliar
Seed
Soil

Crop Types

Cereals
Oilseeds
Fruits and Vegetables
Turf and Ornamental
Other

Regions

United States
Mexico
Canada
Rest of North America

Key Players

Valagro SpA
Arysta Life Science
Humic Growth
Agrinos
Isagro SpA

Competitive Landscape

Key players competing in the market include Valagro SpA, Arysta Life Science, Humic Growth, Agrinos, and Isagro SpA.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

In February, 2019- UPL (India) acquired Arysta Life Science Corporation (U.S.), which is part of Platform Specialty Products Corporation (U.S.). The acquisition helped the company expand its influence in the biologics market and expand its geographic footprint.

In July, 2017 - Syngenta and Valagro signed a seed treatment biostimulant supply agreement. According to the agreement, Syngenta launched EPIVIO Energy, a product specially formulated for sunflower and sunflower seeds to reduce abiotic stress and improve plant quality.

North America Biostimulants Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Biostimulants Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Biostimulants Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Biostimulants Market - Supply Chain
  4.5. Global Biostimulants Market Forecast
     4.5.1. Biostimulants Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Biostimulants Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Biostimulants Market Absolute $ Opportunity
5. Global Biostimulants Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Biostimulants Market Size and Volume Forecast by Types
     5.3.1. Natural
     5.3.2. Biosynthetic
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Biostimulants Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Biostimulants Market Size and Volume Forecast by Applications
     6.3.1. Foliar
     6.3.2. Seed
     6.3.3. Soil
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Biostimulants Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Biostimulants Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Biostimulants Demand Share Forecast, 2019-2026
8. North America Biostimulants Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Biostimulants Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Biostimulants Market Size and Volume Forecast by Types
     8.4.1. Natural
     8.4.2. Biosynthetic
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Biostimulants Market Size and Volume Forecast by Applications
     8.7.1. Foliar
     8.7.2. Seed
     8.7.3. Soil
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Biostimulants Demand Share Forecast, 2019-2026
9. Latin America Biostimulants Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Biostimulants Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Biostimulants Market Size and Volume Forecast by Types
     9.4.1. Natural
     9.4.2. Biosynthetic
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Biostimulants Market Size and Volume Forecast by Applications
     9.7.1. Foliar
     9.7.2. Seed
     9.7.3. Soil
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Biostimulants Demand Share Forecast, 2019-2026
10. Europe Biostimulants Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Biostimulants Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Biostimulants Market Size and Volume Forecast by Types
     10.4.1. Natural
     10.4.2. Biosynthetic
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Biostimulants Market Size and Volume Forecast by Applications
     10.7.1. Foliar
     10.7.2. Seed
     10.7.3. Soil
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Biostimulants Demand Share Forecast, 2019-2026
11. Asia Pacific Biostimulants Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Biostimulants Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Biostimulants Market Size and Volume Forecast by Types
     11.4.1. Natural
     11.4.2. Biosynthetic
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Biostimulants Market Size and Volume Forecast by Applications
     11.7.1. Foliar
     11.7.2. Seed
     11.7.3. Soil
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Biostimulants Demand Share Forecast, 2019-2026
12. Middle East & Africa Biostimulants Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Biostimulants Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Biostimulants Market Size and Volume Forecast by Types
     12.4.1. Natural
     12.4.2. Biosynthetic
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Biostimulants Market Size and Volume Forecast by Applications
     12.7.1. Foliar
     12.7.2. Seed
     12.7.3. Soil
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Biostimulants Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Biostimulants Market: Market Share Analysis
  13.2. Biostimulants Distributors and Customers
  13.3. Biostimulants Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Valagro SpA
     13.4.2. Arysta Life Science
     13.4.3. Humic Growth
     13.4.4. Agrinos
     13.4.5. Isagro SpA