United Kingdom Biostimulant Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Humic Substances, Amino Acids, Microbial Stimulants, Seaweed Extracts, and Fulvic Acid), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Turf & Landscapes), By Mode of Application (Foliar Spray, Seed Treatment, and Soil Application), and United Kingdom Biostimulant Market Insights, Industry Trend, Forecasts to 2033
Industry: Chemicals & MaterialsUnited Kingdom Biostimulant Market Insights Forecasts to 2033
- The U.K. Biostimulant Market Size was valued at USD 114.5 Million in 2023.
- The U.K. Biostimulant Market Size is Growing at a CAGR of 6.53% from 2023 to 2033
- The U.K. Biostimulant Market Size is Expected to reach USD 215.5 Million by 2033
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The United Kingdom Biostimulant Market Size is Anticipated to Exceed USD 215.5 Million by 2033, Growing at a CAGR of 6.53% from 2023 to 2033. The growing demand for organic food products and the growth of organic farming practices are driving the growth of the UK biostimulant market.
Market Overview
The biostimulant market refers to the industry of substances enhancing plant growth, nutrient uptake, and stress tolerance for increasing demand for sustainable agriculture and organic farming practices. Biostimulants aid in better and efficient plant growth by enhancing nutrient uptake and stress tolerance. The rising consumer preference for organic farming leads to drive the demand for biostimulant due to its compatibility with organic farming practices. Seaweed extracts, humic substances, and minerals, and vitamins are some of the biostimulants that are consumed. The growing demand for sustainable agriculture and organic farming, and the need to improve crop yields and resilience are escalating lucrative market growth opportunities for biostimulants. Furthermore, the use of biostimulants for nutrient management optimization to improve crop yield while maintaining environmental sustainability is boosting market growth.
Report Coverage
This research report categorizes the market for the UK biostimulant market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom biostimulant market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK biostimulant market.
United Kingdom Biostimulant Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 114.5 Million |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 6.53% |
2033 Value Projection: | USD 215.5 Million |
Historical Data for: | 2019-2022 |
No. of Pages: | 240 |
Tables, Charts & Figures: | 119 |
Segments covered: | By Product Type, By Crop Type, By Mode of Application and COVID-19 Impact Analysis |
Companies covered:: | EcoStim, Bioelements Ltd, Bionema, Russell IPM, Sipcam UK, IntraCrop, Syngenta AG, UPL Ltd, BIOSTIMULANTS LTD, Nichino Europe Co. Limited, and Others Key Vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis. |
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Driving Factors
The increasing production of organic food and feed products, maintaining environmental safety and sustainability is driving the market demand for biostimulant. Further, the government support for enhancing the agricultural production of high-quality products with little or no pollution is also responsible for propelling the market growth. The growing awareness about the negative environmental effect of synthetic agricultural chemicals that leads to preference for eco-friendly and natural options for producing crops is driving the biostimulant market demand.
Restraining Factors
The lack of stringent regulations associated with product commercialization is hampering market growth. The limited awareness and lack of stable regulatory policies are restraining the market.
Market Segmentation
The United Kingdom biostimulant market share is classified into product type, crop type, and mode of application.
- The seaweed extracts segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected period.
The United Kingdom biostimulant market is segmented by product type into humic substances, amino acids, microbial stimulants, seaweed extracts, and fulvic acid. Among these, the seaweed extracts segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected period. Seaweed extract encompasses multiple growth-promoting substances, including cytokinins auxins, gibberellins, and some micro and macro nutrients that are required for plant growth and development.
- The cereals & grains segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the projected period.
The United Kingdom biostimulant market is segmented by crop type into cereals & grains, oilseeds & pulses, fruits & vegetables, and turf & landscapes. Among these, the cereals & grains segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the projected period. There is a growing demand for enhancing cereals and grains, which leads to the application of biostimulants. The increasing demand for cereals and the significance of improving agricultural productivity are driving the market demand.
- The foliar spray segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected period.
The United Kingdom biostimulant market is segmented by mode of application into foliar spray, seed treatment, and soil application. Among these, the foliar spray segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected period. A foliar spray of biostimulant is used to improve the crop yield of maize, cowpeas, and onions. For instance, alpha-tocopherol is applied using foliar spray, enhancing the drought tolerance in wheat.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the U.K. biostimulant market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- EcoStim
- Bioelements Ltd
- Bionema
- Russell IPM
- Sipcam UK
- IntraCrop
- Syngenta AG
- UPL Ltd
- BIOSTIMULANTS LTD
- Nichino Europe Co. Limited
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In February 2022, The ELEPHANT VERT GROUP announced the acquisition of LIPOFABRIK, a start-up specialized in plant protection and biostimulant products. By combining their expertise, the ELEPHANT VERT Group and LIPOFABRIK have the ambition to significantly strengthen the competitiveness of the new entity to which they are giving birth.
Market Segment
This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Biostimulant Market based on the below-mentioned segments:
UK Biostimulant Market, By Product
- Humic Substances
- Amino Acids
- Microbial Stimulants
- Seaweed Extracts
- Fulvic Acid
UK Biostimulant Market, By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Turf & Landscapes
UK Biostimulant Market, By Mode of Application
- Foliar Spray
- Seed Treatment
- Soil Application
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