Market Size of asia-pacific biostimulants Industry
| 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 no particular 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.
Understand The Key Trends Shaping This Market
- 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 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 |
Need A Different Region Or Segment?
Asia-Pacific Biostimulants Market Size Summary
The Asia-Pacific biostimulants market is experiencing significant growth, driven by the increasing demand for sustainable agricultural practices and the need to address soil quality deterioration. As the region's population continues to rise, the agricultural sector faces the challenge of meeting food security goals without relying heavily on synthetic fertilizers and pesticides, which can exacerbate environmental issues. Biostimulants, such as amino acids, humic acid, fulvic acid, seaweed extract, and protein hydrolysates, have emerged as promising solutions to enhance plant productivity and resilience against climate-induced stresses like drought and salinity. Countries like China, India, and Australia are at the forefront of this market, with government initiatives promoting organic farming and sustainable inputs, thereby driving the adoption of biostimulants.
The market is characterized by a growing area under organic cultivation, with countries such as India, China, and Japan leading the charge in promoting organic agriculture. The demand for organically grown food is on the rise, supported by increasing consumer awareness and preference for organic products. This trend is further bolstered by government incentives and research investments aimed at reducing reliance on chemical inputs. The Asia-Pacific region's biostimulants market is expected to continue its upward trajectory, with major players like Biolchim SpA, Biostadt India Limited, and Valagro playing pivotal roles in market development. The fragmented nature of the market presents opportunities for growth, as consumer knowledge and per capita income rise, potentially increasing expenditure on organic food items.
Asia-Pacific Biostimulants Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Form
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1.1.1 Amino Acids
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1.1.2 Fulvic Acid
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1.1.3 Humic Acid
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1.1.4 Protein Hydrolysates
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1.1.5 Seaweed Extracts
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1.1.6 Other Biostimulants
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1.2 Crop Type
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1.2.1 Cash Crops
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1.2.2 Horticultural Crops
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1.2.3 Row Crops
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1.3 Country
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1.3.1 Australia
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1.3.2 China
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1.3.3 India
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1.3.4 Indonesia
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1.3.5 Japan
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1.3.6 Philippines
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1.3.7 Thailand
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1.3.8 Vietnam
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1.3.9 Rest of Asia-Pacific
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Asia-Pacific Biostimulants Market Size FAQs
How big is the Asia-Pacific Biostimulants Market?
The Asia-Pacific Biostimulants Market size is expected to reach USD 777.59 million in 2024 and grow at a CAGR of 10.27% to reach USD 1.27 billion by 2029.
What is the current Asia-Pacific Biostimulants Market size?
In 2024, the Asia-Pacific Biostimulants Market size is expected to reach USD 777.59 million.
