Germany Biostimulants Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Active Ingredients (Humic And Fulvic Acid, Seaweed Extracts, Amino Acid, Others), By Crop Type (Fruits, Vegetables, Turfs And Ornamentals, Cereals & Gains, Others), By Application (Foliar, Soil, Seed) - Forecasts From 2022 To 2027

  • Published : Dec 2022
  • Report Code : KSI061610777
  • Pages : 114

The Germany biostimulants market is projected to witness a compounded annual growth rate of 11.59% to grow to US$340.034 million by 2027, from US$157.794 million in 2020. Biostimulants are compounds that can be applied to soil, seeds, or plants. In order to influence plant growth through enhanced tolerance to abiotic stresses and boost seed and grain yield and quality, these chemicals alter essential and structural processes. With increasing global warming and a rising population, the demand for biostimulants has increased notably. European countries, especially Germany are facing a drastic temperature rise, making it difficult to grow plants.

Further, the development of standards and guidelines for biostimulants will regulate the market. For instance, the European Fertilizer Regulation (EU) 2019/1009 which entered into force in June 2019, defines fertilizers, liming materials, soil enhancers, growing medium, inhibitors, and plant biostimulants. The European Union thus became the first governing body worldwide to acknowledge plant biostimulants as a distinct category of agricultural inputs according to the European Biostimulants Industry Council (EBIC). The new European Fertilizer Regulation came into effect In July 2022. Other examples include the EU's Green Deal, Biodiversity and Sustainability Goals as well as the General Food Law that are intensifying and demanding changes in the legal and regulatory framework for plant protection products on many levels.

Based on crop type, the German biostimulants market is segmented as fruits, vegetables, turfs and ornamentals, cereals & grains, and others.  Vegetables are expected to hold a significant market share of XX% by 2027, growing from XX% in 2020 respectively on account of the growing agriculture production in the country coupled with growing demand and consumption of German vegetables both at a domestic and international scale. Rapid population growth has increased the scale of consumption of food items such as vegetables in the country owing to which their production level has shown a significant increase over the years. For instance, according to the data provided by the European Statistics Handbook 2022 by Eurostat, in 2021, vegetable production in Germany stood at 3,767,000 tonnes which showed an increase of 2% from 2020’s production level and a significant increase of 15.7% from 2018’s production level. Germany besides being a major producer of vegetables such as carrot, white cabbage, onion, and lettuce in Europe is also amongst the major vegetable exporters. Owing to the growing production and consumption scale coupled with the implementation of new strategies to achieve sustainable farming, the usage of biostimulants in Germany is projected to increase thereby, propelling its market growth in the country for the vegetable cops during the forecast period.

High investments in innovation and research and development are driving market growth. High investment in innovation and research and development plays an important role in the growth of Germany’s biostimulant market. Companies like Evonik, Tribodyn, and SFH Chemicals are German-based biostimulant companies with significant experience in the field. With the increasing use of fertilizers, the quality and yield of soil are getting severely impacted. Several private players are coming up with new products that require fewer fertilizers to be used. For Instance, in September 2022, Evonik, a German company announced a biostimulant that minimizes the use of fertilizers by 50%. The biostimulant is expected to be launched between 2025 to 2027. As per the trial findings, when using the recommended combination of 50% fertilizer plus Evonik's biostimulants, as opposed to merely using the standard 100% fertilizer mix, root development in Evonik's greenhouse studies is 31% better. It will assist the farmers in the European Union in achieving the European Commission's target of cutting fertilizer use by 20% by 2030.

COVID-19 Impact

Germany biostimulants market witnessed slightly slower growth during the COVID-19 pandemic owing to a decline in agricultural activities and supply chain disruptions. However, the European Union's agri-food industry has persevered in supplying high-quality, secure food to Europeans in the wake of the coronavirus outbreak. The government regulations designed to minimize COVID-19's possible impacts on agricultural production and food security are another factor contributing to the steady growth of the German biostimulants market.

The organic food market in Germany is the second largest in the world. USDA estimates that sales of organic food have climbed significantly in Germany, reaching a peak of €15 billion in 2020. This accounts for 6.4% of all food sales in Germany and more than a third of all sales of organic food in the European Union. German consumers in 2020 spent 22 percent more on organic goods during the COVID-19 epidemic. Further, Germany's organic farms and farmland have been expanding, with the area that is organically farmed increasing from 1,613,834 Hectares in 2019 to 1,701,895 Hectares in 2020. According to EU legislation governing organic farming, there were 35,396 organic production holdings in Germany at the end of 2020. These comprise 13.5% of all holdings and farm around 10.3% of the total area that is currently being used for agriculture. The need for food security and the ability to grow food in a regulated setting has accelerated as a result of COVID-19. Consumers are becoming more conscious of food quality, health advantages, and sustainability. Consequently, the German biostimulants market is witnessing a surge in investments.

Segmentation

  • By Active Ingredients
    • Humic and Fulvic Acid
    • Seaweed Extracts
    • Amino Acid
    • Others
  • By Crop type
    • Fruits
    • Vegetables
    • Turfs and Ornamentals
    • Cereals & Gains
    • Others
  • By Application
    • Foliar
    • Soil
    • Seed

1. INTRODUCTION

1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

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. GERMANY BIOSTIMULANTS MARKET, BY ACTIVE INGREDIENTS

5.1. Introduction

5.2. Humic and Fulvic Acids

5.3. Seaweed Extracts

5.4. Amino Acid

5.5. Others

 

6. GERMANY BIOSTIMULANTS MARKET,  BY CROP TYPE

6.1. Introduction

6.2. Fruits

6.3. Vegetables

6.4. Turfs and Ornamentals

6.5. Cereals & Grains

6.6. Others

 

7. GERMANY BIOSTIMULANTS MARKET, BY APPLICATION

7.1. Introduction

7.2. Foliar

7.3. Soil

7.4. Seed

 

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

 

9. COMPANY PROFILES

9.1. BASF S.A.

9.2. BayerCrop Sciences

9.3. Koppert B.V.

9.4. Arysta Life Sciences

9.5. Tribodyn GmbH

9.6. SFH Chemicals GmbH

9.7. DHD-Consulting GmbH

9.8. Evonik


BASF S.A.

BayerCrop Sciences

Koppert B.V.

Arysta Life Sciences

Tribodyn GmbH

SFH Chemicals GmbH

DHD-Consulting GmbH

Evonik


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