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Global Acid-Based Biostimulants Market is Projected to Reach US$ 3.2 Bn by 2030, Growing at an Estimated CAGR of 25% over the Forecast Period; A Report by Absolute Markets Insights

Published On 11 Oct 2022 03:21 PM


Productivity is the key in any sort of business and this remains true even in the case of agriculture. Each passing day, new and smarter ways of farming are being sought. Use of acid-based biostimulants is rapidly gaining popularity owing to amount of productivity linked to it. Biostimulants primarily are products that comprise of various compounds that activate different range of responses. Acid-based biostimulants mainly contain complex composition together with various product characteristics that are dependent on sources and process of production. This type of biostimulants are mainly obtained via chemical or any enzymatic hydrolysis of protein. Acid-based biostimulants are used with an intent of enhancing efficacy of nutrition, tolerance associated with stress and quality traits of crops. The agricultural sector has been revolutionized in true sense courtesy of introduction of new techniques and products like acid-based biostimulants.

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Similar to several other industries, the growth of the acid-based biostimulants market went downhill due to the dreadful COVID-19 pandemic. Many factors have dented this market’s growth despite high demand for agricultural goods.  

One of the major factor that has been driving the growth of the acid-based biostimulants market is surging demand for achieving maximum output from agricultural lands. Availability of less fertile land and higher demand for crops is why many farmers are adopting use of acid-based biostimulants. Meanwhile, the growth of the acid-based biostimulants market is likely to face blockage in the form of regulatory requirements. These biostimulants are not yet authorized in many countries, and this impacts this market’s growth.

On the other hand, the acid-based biostimulants market will witness massive growth over the period of forecast owing to rising popularity of organic food products and organic farming. Demand for organic products is on higher side, especially in urban areas. People today are more aware and concerned about what they consume and hence organic food products are being preferred.

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Global Acid-Based Biostimulants Market Report Findings: 

  • Humic acids segment generate maximum amount of revenue for this market as molecules help the roots of the plants in receiving nutrients and water which ensures higher yield.
  • The land which is extremely fertile and available for farming is on lower side and this is the reason why new ways of increasing the quantity of yield without hampering its quality are sought. This is where, the acid-based biostimulants are garnering popularity.
  • The online distribution channel is rapidly emerging as a winner and will generate maximum revenue for this market over the period of time. Today the world buys maximum products through e-commerce websites. This way of purchase is not only convenient but also saves major time and money.
  • The region of Europe is forecasted to witness growth at the fastest rate for the acid-based biostimulants market. Farming nations like Netherlands, France, Spain and Germany are encouraging its farmers and gardeners to use acid-based biostimulants to increase their output.

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A few of the key players operating in the global acid-based biostimulants market are listed below:

  • Aminocore
  • Bayer AG
  • Biostadt India Limited
  • FMC Corporation
  • Haifa Negev Technologies LTD
  • Koppert Biological Systems
  • Mahindra Agri
  • Neophyll.com
  • Swissgrow AG
  • UPL
  • Valagro
  • Other Market Participants

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Global Acid-Based Biostimulants Market  

By Type                                  

  • Humic Acids
  • Fulvic Acids
  • Amino Acids
  • Others

By Application

  • Agriculture
    • Horticulture Crops (Potato, Chilli, Tomato, Etc)
    • Cereals Crops (Rice, Wheat, Etc)
    • Oilseed Crops (Soybean, Groundnut, Etc.)
    • Fruits (Apple, Grapes, Citrus, Etc.)
    • Others
  • Ornamental & Flowers
  • Turf & Meadow
  • Orchards
  • Others

By Formulation Type

  • Water Soluble
  • Liquid
  • Others

By Distribution Channel

  • Online
  • Offline

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)

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