Artificial Intelligence (AI) is revolutionizing the way biostimulants are developed, tested, and used in various industries. The technology can be integrated with advancements in biotechnology to develop new potential solutions.
Wilmington, Delaware, United States, Transparency Market Research Inc., Aug. 06, 2024 (GLOBE NEWSWIRE) — The global biostimulants market (생물 자극제 시장) was valued at US$ 27.6 Bn in 2022. It is estimated to reach US$ 62.9 Bn by the end of 2031 at a CAGR of 9.6% from 2023 to 2031, according to Transparency Market Research (TMR), a leading global market research company.
AI can be leveraged to optimize the use of biostimulants based on real-time data and predictive analytics. Several biotech companies are employing AI to advance the development of biostimulants, thereby contributing to the biostimulants market value.
Request for sample copy of report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11099
Biostimulants Market Key Insights
- Integration of AI into biotechnology to enhance the efficiency and efficacy of biostimulants
- Rapid population growth and the subsequent rise in food demand boosting the adoption of biostimulant products
- AI Revolutionizing Biostimulants Market Development
AI technology can be utilized to identify and extract valuable insights from large datasets. It can help develop more effective and sustainable biostimulant products.
In July 2024, ICL, a leading global specialty minerals company, and Lavie Bio Ltd., an agriculture biologicals company and a subsidiary of Evogene Ltd., jointly announced that they had identified more than 12 new microbial candidates for the development of biostimulant products.
The companies employed MicroBoost AI tech-engine to validate the product requirements for efficacy, stability, shelf life, and fertilizer compatibility. Such products offer the potential to improve precision farming techniques, especially when climate change is adversely impacting crop yield and food security.
- Concerns Regarding Food Security Augmenting Market Demand
Biostimulants can improve nutrient usage efficiency and uptake of plants and crops. Countries across the globe are recording extreme weather events, such as droughts and floods, potentially causing billions in annual losses. These events are putting pressure on the agriculture sector to provide food to a rapidly growing population.
In such a scenario, biostimulants prove to be an innovative approach to ensure food security. Biostimulants improve crop performance, allowing farmers to obtain higher yields per hectare. They also enhance the nutritional quality of crops.
These advantages are leading to significant investments in the biostimulants market landscape. In July 2024, Agrobiomics, a Denmark-based agritech start-up, raised € 4.0 Mn for the development and commercialization of its biostimulant plant called Fortify.
According to the company, the biostimulant is made from a soil microorganism compound and a bacterial fermentation process. It aids in boosting plant resilience to abiotic stressors such as drought and salinity.
Unlock Growth Potential in Your Industry! Download PDF Brochure:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11099
Biostimulants Market Regional Insights
- Asia Pacific to hold dominant position during the forecast period with vast available acreages of a variety of crops throughout the region
- Sale of counterfeit products, a major challenge for vendors in India
According to the latest Biostimulants Market Report by TMR, Asia Pacific accounted for the largest share in 2022. The region is estimated to maintain its leading position during the forecast period.
China and India are the primary markets for biostimulants due to the rapid growth in population and significant role of biostimulants in ensuring food security in these countries.
Sale of counterfeit products is adversely impacting the biostimulants market share of vendors in India. In 2023, manufacturers of seaweed-based biostimulants demanded the central government to give technical specifications for products amid the import of spurious chemicals in the name of biostimulants. Standardization in the biostimulants sector can halt the sale of counterfeit products.
Leading Players in Biostimulants Industry
Syngenta, Novozymes A/S, Premier Tech Ltd., Agriculture Solutions, Inc., West Coast Marine Bio-Processing, Corp., Biolchim S.p.A., Valagro, Agricen, Italpollina spa, UPL, and Koppert Biological Systems are leading players in the global industry.
Key Strategies by Biostimulants Market Players
- Vendors expanding their biorational businesses in developed economies
- Significant investment in production expansion to cater to the rise in demand in global market
Prominent biostimulant manufacturers are expanding their biorational businesses in developed economies. Biorationals are low-impact substances that include botanicals, microbials, minerals, and synthetics.
In January 2023, Sumitomo Chemical announced plans to acquire FBSciences Holdings, Inc., a U.S.-based company specializing in the manufacture of biostimulants.
Agro companies are broadening their footprints in the specialty crop nutrition sector. In May 2023, Yara International announced plans to build a new global production plant for specialty crop nutrition products and biostimulants. The company aims to export almost all of its output to global markets.
In November 2023, Yara International launched YaraAmplix, a new brand of biostimulants, at the Biostimulant World Congress in Milan, Italy. According to the company, the new product fulfills the need for solutions to increase crop resilience and nutrient use efficiency.
Market Segmentation
Type
- Humic Acid & Fulvic Acid
- Amino Acids
- Microbial Stimulants
- Seaweed
- Vitamins
- Biorationals (Minerals, etc.)
Application
- Oilseeds & Pulses
- Cereals & Grains
- Fruits & Vegetables
- Turfs
- Landscapes
- Ornamental Flowers
Buy this Premium Research Report:
https://www.transparencymarketresearch.com/checkout.php?rep_id=11099<ype=S
More Trending Reports by Transparency Market Research –
- Calcium Carbide Market –
The global calcium carbide market (탄화칼슘 시장) was valued at US$ 20.3 billion in 2022. It is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2031, reaching an estimated value of US$ 31.4 billion by the end of 2031.
- Alkylated Naphthalene Market –
In 2022, the global alkylated naphthalene market (알킬화 나프탈렌 시장) was valued at US$ 133.0 million. The market is expected to grow at a CAGR of 5.1% from 2023 to 2031, reaching approximately US$ 146.7 million by the end of 2031.
- Sodium Cocoyl Glutamate Market –
The sodium cocoyl glutamate market (나트륨 코코일 글루타메이트 시장) was valued at US$ 178.1 million in 2022. It is anticipated to grow at a CAGR of 4.8% from 2023 to 2031, reaching an estimated value of US$ 195.2 million by the end of 2031.
- 2,3-Butanediol Market –
The global 2,3-butanediol market (2,3-부탄디올 시장) was valued at US$ 270.4 million in 2022. It is projected to grow at a CAGR of 3.5% from 2023 to 2031, reaching an estimated value of US$ 363.9 million by the end of 2031.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
- Global Times: Japanese organization fights for justice, demands its government to apologize and compensate ‘comfort women’ survivors - July 2, 2025
- Global Times: Readers’ Reflections: China, led by the CPC, always moves forward, creating more opportunities for the world - July 2, 2025
- WestKam Gold Corp. Announces Late Filing of Q2 Interim Financial Statements and Management Cease Trade Order - July 2, 2025
