Europe Biostimulants Market Size, Share, Opportunities, And Trends By Active Ingredients (Acidic Biostimulants, Extract Biostimulants), By Crop Type (Vegetables, Turfs, Ornamentals, Row Crops), By Application (Foliar, Soil, Seed), And By Country - Forecasts From 2023 To 2028

  • Published : Oct 2023
  • Report Code : KSI061610684
  • Pages : 114

The European biostimulants market was evaluated at US$1,035.840 million for the year 2021, and the market is set to grow at a CAGR of 9.37% thereby reaching a market size of US$1,938.560 million by 2028. 

Agricultural biostimulants are mixtures of various chemicals, substances, and microorganisms that are used in soils or plants to increase crop quality, vigor, productivity, and sensitivity to abiotic stress. The European biostimulants market is rising as a result of farmers' increasing readiness to employ sustainable farming practices rather than relying on the usage of chemical inputs in agriculture. As researchers, businesses, and farmers are getting increasingly intrigued by the idea of combining organically produced products with other eco-friendly materials that ensure increased plant quality and production, the demand for biostimulants for agricultural practices is also set to increase.

Growing initiatives by the government

The European Commission's Farm to Fork Strategy, released in May 2020, identifies the organic industry as a crucial one for achieving the food goals of the European Green Deal. According to the strategy, organic farming needs to be further promoted since the market for organic food is set to continue growing. The Commission released the 2021–2027 Organic Action Plan as part of this plan, which intends to increase both organic production and demand. Such a deal will further fuel the European biostimulants market growth.  Furthermore, the CAP provided particular organic support payments to 61.6% of EU land used for organic farming in 2020, with an average of €144/ha of CAP assistance and €79/ha of state co-financing. Organic farmers in regions with natural limitations received additional assistance, promoting agriculture in regions with natural limitations. Additional rural development initiatives, such as investments in organic farming methods and assistance for the marketing and promotion of organic goods, aided the growth of organic production.

Increasing organic farming

Biostimulants are utilized to increase flowering, plant growth, fruit development, crop production, and nutrient usage efficiency (NUE), as well as their ability to increase resistance to a wide variety of abiotic stresses, making it a promising and environmentally beneficial innovation. To find new bioactive substances and advantageous microorganisms and to better understand how biostimulants might improve crop performance and quality for organic farming, under a variety of growing situations, an increasing amount of research has been conducted by biostimulant companies and their partners. From 2012 to 2020, with an average annual rise of 5.7%, the proportion of EU agricultural area used for organic farming climbed by more than 50%. 9.1% of the agricultural land in the EU was used for organic farming in 2020. Retail sales of organic goods in the EU quadrupled between 2015 and 2020, mirroring the expansion in production.

According to Eurostat, an estimated 15.9 million hectares of agricultural land in the EU were used for organic farming in 2021, or 9.9% of all agricultural land that was being used for farming. Compared to 2012, this was a significant increase from the 9.5 million hectares used for organic agriculture production.

The United Kingdom is anticipated to be the fastest-growing country in the European region

The UK biostimulants market was valued at US$XX million in 2021 and is expected to grow at a significant rate of XX% during the forecast period to reach a projected size of US$XX million by 2028. The UK's biostimulants market is primarily driven by the high prevalence of new products. Additionally, in August 2023, Bionema Group Ltd., a leading biocontrol technology developer and manufacturer, introduced a new line of biofertilizer solutions in the UK for use in agriculture, horticulture, forestry, sports turf, and amenities. The BioNFixTM line and RhizosafeTM contain the revolutionary IncapsulexTM technology platform encapsulated Paenibacillus azotofixans BNL1913, Azospirillum lipoferum BNL714, Bradyrhizobium japonicum BNL1061, and Rhizophagus irregularis BNL2414. This method successfully encapsulates microorganisms that are naturally generated and delivers them on target, safely, and effectively.

UK government investments

The UK takes the initiative in promoting Europe's top priorities for innovation & and smart growth for a bio-based economy. For instance, in August 2023, new funding was made available by the UK government for horticulture and agriculture. More than £14 million will be made available by the UK government to support two brand-new research and feasibility contests. The financing is a component of a £600 million investment over the next three years aimed at increasing efficiency and innovation in the farming industry.

Market Key Developments

  • In July 2023, a new line of biostimulant chemicals was introduced in the UK for use in agriculture, horticulture, forestry, turf, and amenities, according to Bionema Group Ltd., a leading developer and manufacturer of biocontrol technology.
  • In May 2023, Yara International announced that it would construct a new worldwide manufacturing facility for biostimulants and specialist crop nutrition products in Yorkshire, UK which would further propel the sales of the company’s plant biostimulants under its “YaraVita” brand.

Segmentation:

  • By Active Ingredients
    • Acidic Biostimulants
    • Extract Biostimulants
  • By Crop Type
    • Vegetables
    • Turfs
    • Ornamentals
    • Row Crops
  • By Application
    • Foliar
    • Soil
    • Seed
  • By Geography
    • United Kingdom
    • Germany
    • France
    • Spain
    • Italy
    • Others

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. EUROPE BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENTS

5.1. Introduction

5.2. Acidic Biostimulants

5.3. Extract Biostimulants

6. EUROPE BIOSTIMULANTS MARKET, BY CROP TYPE

6.1. Introduction

6.2. Vegetables

6.3. Turfs

6.4. Ornamentals

6.5. Row Crops

7. EUROPE BIOSTIMULANTS MARKET, BY APPLICATION

7.1. Introduction

7.2. Foliar

7.3. Soil

7.4. Seed

8. EUROPE BIOSTIMULANTS MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. United Kingdom

8.3. Germany

8.4. France

8.5. Spain

8.6. Italy

8.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Investment Analysis

9.2. Recent Deals

9.3. Major Players and Strategy Analysis

9.4. Market Share Analysis

10. COMPANY PROFILES

10.1. Hello Nature

10.2. BASF S.E.

10.3. Biostadt India Limited

10.4. Koppert B.V.

10.5. Isagro S.p.A  (Gowan LLC)

10.6. Valagro S.p.A (Syngenta Biologicals)

10.7. Novozymes A/S (Novo Holding A/S)


Hello Nature

BASF S.E.

Biostadt India Limited

Koppert B.V.

Isagro S.p.A  (Gowan LLC)

Valagro S.p.A (Syngenta Biologicals)

Novozymes A/S (Novo Holding A/S)


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