Europe Biostimulants Market

Europe Biostimulants Market Size & Growth 2022 - 2027:

Europe Biostimulants Market was worth USD 905.7 million in 2021 and estimated to be growing at a CAGR of 10.71%, to reach USD 1500.76 million by 2026.

Biostimulants promote plant development in a number of established ways throughout the crop lifespan, from seed sprouting to crop maturity. They enhance the plant’s capability to integrate nutrients and properly grow.

Biostimulants improve soil quality and enhance product quality, thereby generating better profits for crop cultivators and providing healthier foods for customers. Healthy soil grasps water more effectively and is more resilient to erosion. Biostimulants also help in tackling some of the most important challenges that world agriculture currently faces.

Market Drivers:

The growth of the Europe Biostimulants market is majorly due to factors such as growing awareness among farmers, mounting food demand due to an increasing population, and government subsidies. Biostimulants are gaining increasing importance in the agriculture sector due to their environmental-friendly and organic character. However, factors such as volatile economies and high R&D costs involved in this field are impeding the growth of the market in this region.

EUROPE BIOSTIMULANTS MARKET REPORT COVERAGE:

Market Segmentation:

Europe Biostimulants Market – By Active Ingredients:

• Fulvic Acid

• Protein Hydrolysates
• Seaweed Extracts
• Amino Acid
• Humic Acid
• Others

In this segment, humic acids and fulvic acids lead the market for Biostimulants, accounting for more than 30% of the market.

Europe Biostimulants Market – By Application:

• Seed
• Foliar
• Soil

The foliar technique of application is the most favored for biostimulant supply, as it delivers ingredients in a much more direct manner when compared to the others.

Europe Biostimulants Market – By Crop Type:

• Fruits & Vegetables
• Cereals & Oilseeds
• Turfs & Ornaments
• Others

Cereals & Oilseeds lead the market on the basis of Crop Type and this trend is expected to remain the same during the forecast period.

The Europe market has been geographically segmented into:

• Germany
• U.K
• France
• Spain
• Italy

Europe is the largest market for biostimulants, with countries such as Spain, Germany, U.K, and France acting as hotspots for biostimulants. The growth of the market in this region is reinforced by the increasing demand to step up the output of food crops such as oilseeds and sugarcane, which have various applications such as feed, fuel, and other industrial uses. Also, the formation of several organizations such as the European Biostimulants Industry Council (EBIC) and the BioStimulant Coalition has further enhanced the global biostimulants market and research in these fields. The formation of the European Biostimulants Industry Council in Europe has considerably impacted the biostimulants market in the region, with key players offering assistance to the council’s research ideas. Important strategies such as product expansions and investments have been implemented by the key players in the biostimulants industry.

Key Players:

These companies are improving their capabilities by diversifying their commercial operations across high-growth markets with efficient distribution systems. The major companies dominating the Biostimulants market in this region are BASF SE, Biostadt India Limited, Valagro SpA, Novozymes A/S, Biolchim SpA, Isagro SpA, and Koppert B.V.