Asia-Pacific Biostimulants Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.78 Billion |
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Market Size (2029) | USD 1.27 Billion |
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Largest Share by Form | Amino Acids |
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CAGR (2024 - 2029) | 10.27 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific Biostimulants Market Analysis
The Asia-Pacific Biostimulants Market size is estimated at 0.78 billion USD in 2024, and is expected to reach 1.27 billion USD by 2029, growing at a CAGR of 10.27% during the forecast period (2024-2029).
0.78 Billion
Market Size in 2024 (USD)
1.27 Billion
Market Size in 2029 (USD)
3.52 %
CAGR (2017-2023)
10.27 %
CAGR (2024-2029)
Largest by Form
25.38 %
value share, Amino Acids, 2023
Amino acids are the most used biostimulants in the region, because of their importance in enhancing plant productivity, especially under abiotic and biotic stress conditions.
Fastest by Form
12.66 %
Projected CAGR, Humic Acid, 2024-2029
Humic acid biostimulants are component of humus and capable to bind insoluble metal ions, oxides, and hydroxides and to release them slowly to plants when required.
Largest by Crop Type
76.63 %
value share, Row Crops, 2023
The major row crops cultivated in the Asia-pacific Region include rice, wheat, canola, barley, corn, and soybeans. Amino acids are most consumed biostimulants in row crops.
Largest by Country
27.64 %
value share, China, 2023
Humic acids are the most consumed biostimulants in the country with 25.3% in 2022, and row crops are dominating biostimulants market in the country with 82.3% in 2022.
Leading Market Player
3.93 %
market share, Biostadt India Limited, 2022
Biostadt India Limited manufactures different seaweed based biostimulants in various forms which are suitable for almost all types of field and horticultural crops.
- Modern agriculture plays a central role in solving some of humanity's most challenging problems. As the population in the Asia-Pacific region grows, the agricultural sector is under pressure to meet the rising demand for food and achieve food security goals.
- The deterioration of soil quality has become a major concern among farmers and agriculturists in the region. This has resulted in a loss of fertility, biodiversity, and production capacity. The agriculture sector's most significant challenge is the increasing use of synthetic fertilizers and pesticides to boost agricultural production. According to studies, excessive fertilizer use could hasten the climate crisis.
- As a result, environmentally friendly and sustainable farming practices with innovative solutions are now standard practices in modern agriculture. To ensure adequate food production, the agricultural sector must embrace new solutions and approaches to improve resource utilization efficiency. Biostimulants have emerged as an environmentally friendly and promising innovation for modern agriculture in this regard. Amino acids, humic acid, fulvic acid, seaweed extract, and protein hydrolysates are among the most commonly used biostimulants.
- Amino acids are the most commonly used biostimulants in the Asia-Pacific region, with the largest market share of 25.2% in 2022. This is due to their ability to enhance plant productivity, especially under abiotic and biotic stress conditions.
- Major agricultural countries in the region, such as India and China, have launched various initiatives to promote organic farming and the use of sustainable agricultural inputs. They offer various incentives that may drive the market, and as a result, the market value is anticipated to record a CAGR of 11.9% between 2023-2029.
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- The Asia-Pacific region has witnessed a remarkable increase in the demand for organically grown food, resulting in a surge in the biostimulants market. With countries like India, China, Australia, and Japan promoting organic farming, the area under organic cultivation increased from 3.1 million hectares in 2017 to 3.8 million hectares in 2022. As a result, the biostimulants market experienced a growth rate of 11.5% between 2017-2022.
- The impact of climate change has severely affected crop production, making it imperative to use biostimulants to mitigate climate-induced stresses like drought, salinity, and temperature variations. The application of biostimulants has proven to have a positive impact on plants and helps maintain the ecological balance of agroecosystems, reducing the need for pesticides and chemical fertilizers.
- China, India, and Australia have emerged as the major business areas for biostimulants in the Asia-Pacific region. In 2022, China dominated the biostimulants market with a 27.6% share, followed by India and Australia. The governments of these countries are encouraging farmers to adopt sustainable agricultural practices by providing incentives, investing in research and development, and setting targets to meet. For instance, Japan has set a goal to reduce the usage of chemical fertilizers and pesticides by 30.0% and 50.0%, respectively, by 2050.
- The demand for biostimulants in the Asia-Pacific region is on the rise due to the increasing area under organic farming and the need for sustainable agricultural practices. The biostimulants market in the Asia-Pacific region is expected to witness further growth in the coming years, with the potential to help combat the adverse effects of climate change on agriculture.
Asia-Pacific Biostimulants Market Trends
Growing Government support for organic cultivation in countries like China, India, Indonesia, and Australia, increased land for organic farming
- In 2021, the area of organic agricultural land in the Asia-Pacific region exceeded 3.7 million hectares, representing 26.4% of the global organic area, according to FiBL statistics. The organic area under cultivation grew by 19.3% during the historical period of 2017-2022. As of 2020, the region had about 1.83 million organic producers, with India leading the way with 1.3 million organic producers.
- China, India, Indonesia, and Australia are the major countries with large organic cultivation areas in the region. Government authorities in countries such as China and India are continuously promoting organic agriculture with the aim of reducing reliance on chemical inputs for crop cultivation. India, for instance, has implemented schemes like Paramparagat Krishi Vikas Yojana and the All India Network Programme on Organic Farming (AI-NPOF).
- In 2021, China accounted for the largest share at 66.1% with 2.5 million hectares, followed by India, Indonesia, and Australia with shares of 19.3%, 1.5%, and 1.4%, respectively. The total organic land is divided into three crop types: row crops, horticultural crops, and cash crops. Row crops occupy the largest share of organic agricultural land in the region, accounting for 67.5% with 2.5 million hectares in 2021. Major row crops grown in the region include paddy, wheat, pulses, soybeans, and millets.
- Cash crops held the second largest share, with 0.7 million hectares in 2021, accounting for an 18.5% share of organic cropland. The demand for organic cash crops, such as sugar and organic tea, is increasing globally. China and India are the largest producers of organic green tea and organic black tea, respectively, globally. The growing international demand is expected to increase the organic acreages in the region.
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Per capita spending on organic product predominant in Australia and China’s organic food market growing significantly
- The per capita spending on organic products in the Asia-Pacific region was recorded at USD 85.1 in 2021. Australia witnessed a higher per capita spending on organic products, with USD 58.3 in 2021, which was attributed to the higher demand due to consumers' perception of organic food as healthy. According to Global Organics Trade, the organic packed food and beverage market in Australia stood at USD 885.2 million in 2021.
- China's organic food market grew by 13.3% in 2021, and the positive growth pattern is expected to continue with an estimated CAGR of 7.1% during the forecast period, as per Global Organics Trade. With an increasing emphasis on the importance of organic products among the younger generation and a rise in demand for organic baby food due to the growing number of working mothers and the increasing adoption of the health and wellness trend, organic products are expected to reach a value of USD 6.4 billion by 2025.
- Organic products in India represent far less than 1.0% of global demand, with a per capita expenditure of just USD 0.08 in 2021. However, India represents a promising market over the coming years, reaching a value of USD 153.3 million by 2025. Currently, the market for organic goods in the region is very fragmented, with just a few supermarkets and specialty stores selling them, as only people from higher-income families are potential customers.
- Growing consumer knowledge and buying motivations will lead to a better understanding of the sustainability qualities of organic food in the region. Increasing per capita income, along with increased consumer awareness of the importance of organic food intake, has the potential to raise per capita expenditure on organic food items in the Asia-Pacific region.
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Asia-Pacific Biostimulants Industry Overview
The Asia-Pacific Biostimulants Market is fragmented, with the top five companies occupying 7.97%. The major players in this market are Biolchim SpA, Biostadt India Limited, Gujarat State Fertilizers & Chemicals Ltd., T. Stanes and Company Limited and Valagro (sorted alphabetically).
Asia-Pacific Biostimulants Market Leaders
Biolchim SpA
Biostadt India Limited
Gujarat State Fertilizers & Chemicals Ltd.
T. Stanes and Company Limited
Valagro
Other important companies include Agrinos, Atlántica Agrícola, Coromandel International Ltd, Plant Response Biotech Inc., Rallis India Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Biostimulants Market News
- February 2022: Gujarat State Fertilizers & Chemicals Ltd launched the Urban Sardar organic fertilizer, an eco-friendly and non-toxic product containing organic sources of nutrients best suitable for all flowering plants and ornamental plants, gardens, and kitchen gardening.
- February 2022: Plant Response was acquired by The Mosaic Company, which is a global fertilizer manufacturer. This acquisition strengthens the company's global presence and helps develop new products and solutions for the customers sustainably.
- January 2021: Atlántica Agrícola developed Micomix, a biostimulant composed primarily of mycorrhizal fungi, rhizobacteria, and chelated micronutrients. The presence and development of these microorganisms in the rhizosphere create a symbiotic relationship with the plant that favors the absorption of water and mineral nutrients and increases its tolerance to water and salt stress.
Free with this Report
Along with the report, We also offer a comprehensive and exhaustive data pack on Areas under organic cultivation, one of the key trends that affect the market size of agricultural biologicals. This data pack also includes areas under cultivation by crop types, such as Row Crops (Cereals, Pulses, and Oilseeds), Horticultural Crops (Fruits and Vegetables), and Cash Crops in North America, Europe, Asia-Pacific, South America and Africa.
Asia-Pacific Biostimulants Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Area Under Organic Cultivation
2.2. Per Capita Spending On Organic Products
2.3. Regulatory Framework
2.3.1. Australia
2.3.2. China
2.3.3. India
2.3.4. Indonesia
2.3.5. Japan
2.3.6. Philippines
2.3.7. Thailand
2.3.8. Vietnam
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Form
3.1.1. Amino Acids
3.1.2. Fulvic Acid
3.1.3. Humic Acid
3.1.4. Protein Hydrolysates
3.1.5. Seaweed Extracts
3.1.6. Other Biostimulants
3.2. Crop Type
3.2.1. Cash Crops
3.2.2. Horticultural Crops
3.2.3. Row Crops
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Philippines
3.3.7. Thailand
3.3.8. Vietnam
3.3.9. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. Agrinos
4.4.2. Atlántica Agrícola
4.4.3. Biolchim SpA
4.4.4. Biostadt India Limited
4.4.5. Coromandel International Ltd
4.4.6. Gujarat State Fertilizers & Chemicals Ltd.
4.4.7. Plant Response Biotech Inc.
4.4.8. Rallis India Ltd
4.4.9. T. Stanes and Company Limited
4.4.10. Valagro
5. KEY STRATEGIC QUESTIONS FOR AGRICULTURAL BIOLOGICALS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, AREA UNDER ORGANIC CULTIVATION, HECTARES, 2017 - 2022
- Figure 2:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, PER CAPITA SPENDING ON ORGANIC PRODUCTS, USD, 2017 - 2022
- Figure 3:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VOLUME, METRIC TON, 2017 - 2029
- Figure 4:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE, USD, 2017 - 2029
- Figure 5:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 6:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 7:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VOLUME SHARE(%), BY FORM, 2017 - 2029
- Figure 8:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2017 - 2029
- Figure 9:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 10:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 11:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
- Figure 12:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 13:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 14:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
- Figure 15:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 16:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 17:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
- Figure 18:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 19:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 20:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
- Figure 21:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 22:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 23:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
- Figure 24:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 25:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 26:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
- Figure 27:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
- Figure 28:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
- Figure 29:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VOLUME SHARE(%), BY CROP TYPE, 2017 - 2029
- Figure 30:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2017 - 2029
- Figure 31:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
- Figure 32:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
- Figure 33:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 34:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
- Figure 35:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
- Figure 36:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 37:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
- Figure 38:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
- Figure 39:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 40:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 41:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 42:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VOLUME SHARE(%), BY COUNTRY, 2017 - 2029
- Figure 43:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY COUNTRY, 2017 - 2029
- Figure 44:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 45:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 46:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 47:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 48:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 49:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 50:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 51:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 52:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 53:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 54:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 55:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 56:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 57:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 58:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 59:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 60:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 61:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 62:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 63:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 64:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 65:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 66:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 67:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 68:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 69:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 70:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 71:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017-2022
- Figure 72:
- ASIA-PACIFIC BIOSTIMULANTS MARKET, MOST ADOPTED STRATEGIES, 2017-2022
- Figure 73:
- ASIA-PACIFIC BIOSTIMULANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2023
Asia-Pacific Biostimulants Industry Segmentation
Amino Acids, Fulvic Acid, Humic Acid, Protein Hydrolysates, Seaweed Extracts are covered as segments by Form. Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type. Australia, China, India, Indonesia, Japan, Philippines, Thailand, Vietnam are covered as segments by Country.
- Modern agriculture plays a central role in solving some of humanity's most challenging problems. As the population in the Asia-Pacific region grows, the agricultural sector is under pressure to meet the rising demand for food and achieve food security goals.
- The deterioration of soil quality has become a major concern among farmers and agriculturists in the region. This has resulted in a loss of fertility, biodiversity, and production capacity. The agriculture sector's most significant challenge is the increasing use of synthetic fertilizers and pesticides to boost agricultural production. According to studies, excessive fertilizer use could hasten the climate crisis.
- As a result, environmentally friendly and sustainable farming practices with innovative solutions are now standard practices in modern agriculture. To ensure adequate food production, the agricultural sector must embrace new solutions and approaches to improve resource utilization efficiency. Biostimulants have emerged as an environmentally friendly and promising innovation for modern agriculture in this regard. Amino acids, humic acid, fulvic acid, seaweed extract, and protein hydrolysates are among the most commonly used biostimulants.
- Amino acids are the most commonly used biostimulants in the Asia-Pacific region, with the largest market share of 25.2% in 2022. This is due to their ability to enhance plant productivity, especially under abiotic and biotic stress conditions.
- Major agricultural countries in the region, such as India and China, have launched various initiatives to promote organic farming and the use of sustainable agricultural inputs. They offer various incentives that may drive the market, and as a result, the market value is anticipated to record a CAGR of 11.9% between 2023-2029.
| Form | |
| Amino Acids | |
| Fulvic Acid | |
| Humic Acid | |
| Protein Hydrolysates | |
| Seaweed Extracts | |
| Other Biostimulants |
| Crop Type | |
| Cash Crops | |
| Horticultural Crops | |
| Row Crops |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Philippines | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
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Market Definition
- AVERAGE DOSAGE RATE - The average application rate is the average volume of biostimulants applied per hectare of farmland in the respective region/country.
- CROP TYPE - Crop type includes Row crops (Cereals, Pulses, Oilseeds), Horticultural Crops (Fruits and vegetables) and Cash Crops (Plantation Crops, Fibre Crops and Other Industrial Crops)
- FUNCTION - The Crop Protection function of agirucultural biological include products that prevent or control various biotic and abiotic stress.
- TYPE - Biostimulants boost crop growth and yield by preventing or controlling various abiotic stresses.
| Keyword | Definition |
|---|---|
| Cash Crops | Cash crops are non-consumable crops sold as a whole or part of the crop to manufacture end-products to make a profit. |
| Integrated Pest Management (IPM) | IPM is an environment-friendly and sustainable approach to control pests in various crops. It involves a combination of methods, including biological controls, cultural practices, and selective use of pesticides. |
| Bacterial biocontrol agents | Bacteria used to control pests and diseases in crops. They work by producing toxins harmful to the target pests or competing with them for nutrients and space in the growing environment. Some examples of commonly used bacterial biocontrol agents include Bacillus thuringiensis (Bt), Pseudomonas fluorescens, and Streptomyces spp. |
| Plant Protection Product (PPP) | A plant protection product is a formulation applied to crops to protect from pests, such as weeds, diseases, or insects. They contain one or more active substances with other co-formulants such as solvents, carriers, inert material, wetting agents or adjuvants formulated to give optimum product efficacy. |
| Pathogen | A pathogen is an organism causing disease to its host, with the severity of the disease symptoms. |
| Parasitoids | Parasitoids are insects that lay their eggs on or within the host insect, with their larvae feeding on the host insect. In agriculture, parasitoids can be used as a form of biological pest control, as they help to control pest damage to crops and decrease the need for chemical pesticides. |
| Entomopathogenic Nematodes (EPN) | Entomopathogenic nematodes are parasitic roundworms that infect and kill pests by releasing bacteria from their gut. Entomopathogenic nematodes are a form of biocontrol agents used in agriculture. |
| Vesicular-arbuscular mycorrhiza (VAM) | VAM fungi are mycorrhizal species of fungus. They live in the roots of different higher-order plants. They develop a symbiotic relationship with the plants in the roots of these plants. |
| Fungal biocontrol agents | Fungal biocontrol agents are the beneficial fungi that control plant pests and diseases. They are an alternative to chemical pesticides. They infect and kill the pests or compete with pathogenic fungi for nutrients and space. |
| Biofertilizers | Biofertilizers contain beneficial microorganisms that enhance soil fertility and promote plant growth. |
| Biopesticides | Biopesticides are natural/bio-based compounds used to manage agricultural pests using specific biological effects. |
| Predators | Predators in agriculture are the organisms that feed on pests and help control pest damage to the crops. Some common predator species used in agriculture include ladybugs, lacewings, and predatory mites. |
| Biocontrol agents | Biocontrol agents are living organisms used to control pests and diseases in agriculture. They are alternatives to chemical pesticides and are known for their lesser impact on the environment and human health. |
| Organic Fertilizers | Organic fertilizer is composed of animal or vegetable matter used alone or in combination with one or more non-synthetically derived elements or compounds used for soil fertility and plant growth. |
| Protein hydrolysates (PHs) | Protein hydrolysate-based biostimulants contain free amino acids, oligopeptides, and polypeptides produced by enzymatic or chemical hydrolysis of proteins, primarily from vegetal or animal sources. |
| Biostimulants/Plant Growth Regulators (PGR) | Biostimulants/Plant Growth Regulators (PGR) are substances derived from natural resources to enhance plant growth and health by stimulating plant processes (metabolism). |
| Soil Amendments | Soil Amendments are substances applied to soil that improve soil health, such as soil fertility and soil structure. |
| Seaweed Extract | Seaweed extracts are rich in micro and macronutrients, proteins, polysaccharides, polyphenols, phytohormones, and osmolytes. These substances boost seed germination and crop establishment, total plant growth and productivity. |
| Compounds related to biocontrol and/or promoting growth (CRBPG) | Compounds related to biocontrol or promoting growth (CRBPG) are the ability of a bacteria to produce compounds for phytopathogen biocontrol and plant growth promotion. |
| Symbiotic Nitrogen-Fixing Bacteria | Symbiotic nitrogen-fixing bacteria such as Rhizobium obtain food and shelter from the host, and in return, they help by providing fixed nitrogen to the plants. |
| Nitrogen Fixation | Nitrogen fixation is a chemical process in soil which converts molecular nitrogen into ammonia or related nitrogenous compounds. |
| ARS (Agricultural Research Service) | ARS is the U.S. Department of Agriculture's chief scientific in-house research agency. It aims to find solutions to agricultural problems faced by the farmers in the country. |
| Phytosanitary Regulations | Phytosanitary regulations imposed by the respective government bodies check or prohibit the importation and marketing of certain insects, plant species, or products of these plants to prevent the introduction or spread of new plant pests or pathogens. |
| Ectomycorrhizae (ECM) | Ectomycorrhiza (ECM) is a symbiotic interaction of fungi with the feeder roots of higher plants in which both the plant and the fungi benefit through the association for survival. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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