Europe Biostimulants Market

Europe Biostimulants Market Size

The biostimulants market size in Europe was valued at USD 1110 million in 2023. The European market size is expected to reach USD 1228.98 million in 2024 and USD 2773.6 million by 2032, growing at a CAGR of 10.71% from 2024 to 2032.

Biostimulants promote plant development in several 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 European 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 increasingly important in the agriculture sector due to their environmental-friendly and organic character.

MARKET RESTRAINTS

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.

REPORT COVERAGE

SEGMENT ANALYSIS

Based on active ingredient type, humic acids and fulvic acids lead the market for biostimulants, accounting for more than 30% of the European market.

Based on the application, the foliar technique of application is the most favoured for biostimulants supply, as it delivers ingredients in a much more direct manner when compared to the others.

Based on the crop type, the cereals & oilseeds segment lead the market in Europe and this trend is expected to remain the same during the forecast period.

REGIONAL ANALYSIS

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 MARKET 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.

MARKET SEGMENTATION

This research report on the Europe biostimulants market is segmented and sub-segmented into the following categories.

By Active Ingredients

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

By Application

• Seed
• Foliar
• Soil

By Crop Type

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

By Country

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe