The global biostimulants market size was valued at USD 4.03 billion in 2024. The market is projected to grow from USD 4.47 billion in 2025 to USD 9.75 billion by 2032, exhibiting a CAGR of 11.80% during the forecast period. Europe dominated the biostimulants market with a market share of 38.95% in 2024.

The biostimulant market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.46 billion by 2032, driven by the increasing R&D investment by key industry players and advancements in agri technologies.

Biostimulants are any microorganisms or substances applied to plants that help enhance crop quality, nutrition efficiency, and abiotic stress tolerance. The increasing adoption of organic farming, growing climatic and environmental concerns, and a global shift toward sustainability are the major drivers fueling the market’s growth.

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Segments

Enhanced Crop Traits to Propel Growth in the Non-Microbial Segment

The market is categorized by source into microbial and non-microbial. The non-microbial segment leads the market and is expected to witness substantial growth during the forecast period. This expansion is attributed to its ability to enhance the biochemical and physiological characteristics of crops, improving overall agricultural productivity.

Rising Global Seaweed Cultivation to Drive the Seaweed Extracts Segment

Based on active ingredients, the market is divided into seaweed extracts, humic substances, vitamins & amino acids, microbial amendments, and others. The seaweed extracts segment dominates, fueled by the increasing global cultivation of seaweed and its growing applications in sustainable agriculture.

High Efficiency of Foliar Spray to Strengthen the Foliar Application Segment

By application, the market is segmented into foliar application, soil treatment, and seed treatment. The foliar application segment holds the largest share due to its proven effectiveness in delivering nutrients directly to plants, improving growth and resilience.

Expanding Greenhouse Vegetable Production to Boost Row Crops Segment

The market is classified by crop type into row crops, fruits & vegetables, turf & ornamentals, and others. The row crops segment is expected to maintain its dominance, driven by the rising adoption of greenhouse vegetable production and the increasing demand for high-value crops.

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

Report Coverage

This report provides:

  • Key drivers, challenges, opportunities, and market restraints.
  • Comprehensive insights into regional market trends.
  • A list of prominent industry players.
  • Strategic initiatives adopted by key market participants.
  • Recent industry developments, including product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints

Increasing Awareness of Environmental Impact Driving Market Growth

The rising awareness of the environmental risks associated with synthetic plant protection products and chemical fertilizers is fueling the demand for biostimulants. Farmers are increasingly seeking natural and eco-friendly alternatives, propelling the market’s expansion due to the targeted benefits biostimulants provide for crop growth and pest management.

However, the absence of clear regulatory frameworks for the commercialization of biostimulants may hinder market growth.

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Regional Insights

Government Support to Propel Market Expansion in Europe

Europe accounted for USD 1.43 billion in 2023, securing the largest market share. Organizations such as ACI’s Biostimulants Associations and the European Biostimulants Industry Council are actively supporting market development in the region.

Asia Pacific is poised for significant growth during the forecast period, driven by the increasing adoption of high-quality agricultural inputs by regional manufacturers.

Competitive Landscape

Product Innovations and Launches to Drive Market Competitiveness

The market is highly competitive, with key players prioritizing innovation and new product launches to address farmers’ evolving needs for improved crop resilience and nutrient efficiency.

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)

Industry Developments

December 2023: Rovensa Group, a leading provider of agricultural inputs, acquired Agro-K, a prominent U.S.-based biostimulant producer. This acquisition strengthens Rovensa’s biostimulant portfolio in the U.S. and expands its range of high-quality complementary solutions.

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