The biostimulants market in North America is projected to expand from US$ 616.16 million in 2022 to US$ 1,167.84 million by 2028, reflecting a CAGR of 11.2% during the forecast period.
Biostimulants are composed of substances or microorganisms that enhance crop growth and resilience without harming the environment. They can be used as fertilizer additives, improving nutrient uptake, plant development, and resistance to abiotic stress, while also reducing the reliance on chemical fertilizers. Excessive use of chemical fertilizers has led to environmental concerns, particularly water pollution caused by nutrient runoff into nearby rivers, lakes, and ponds, resulting in eutrophication. Additionally, these fertilizers often have low efficiency—plants absorb only a fraction of the nutrients. For instance, phosphorus can precipitate in the soil, making it less available to plants, while nitrogen losses occur due to nitrate leaching.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/BMIRE00027170
According to the American Farm Bureau Federation, the cost of essential fertilizers in the U.S. surged significantly by December 2021. Compared to September 2020 prices, ammonia rose by over 210%, liquid nitrogen by 159%, and urea by 155%. Meanwhile, MAP increased by 125%, DAP by over 100%, and potash by more than 134%. The escalating prices of chemical fertilizers are expected to drive the demand for biostimulants in the coming years.
North America Biostimulants Strategic Insights
Strategic insights for the North America Biostimulants provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
| Market size in 2022 | US$ 616.16 Million |
| Market Size by 2028 | US$ 1,167.84 Million |
| Global CAGR (2022 – 2028) | 11.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered | By Product: Humic Substance, Amino Acids, Microbial Stimulants, Seaweed Extracts |
| By Mode of Application: Foliar Spray, Seed Treatment, Soil Application | |
| By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Turf and Landscape | |
| Regions and Countries Covered | North America: US, Canada, Mexico |
| Market Leaders and Key Company Profiles | BASF SE, UPL Ltd, Valagro S.P.A., Gowan Company, FMC Corporation, Haifa Negev Technologies Ltd., ADAMA, Rallis India Limited |
North America Biostimulants Regional Insights
The geographic scope of the North America Biostimulants refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Biostimulants Market Segmentation
The North America biostimulants market is segmented based on product, application, crop type, and country. Based on product, the market is segmented into humic substances, amino acids, microbial stimulants, seaweed extracts, and others. In 2022, the humic substances segment held the largest share of the market. The same segment is expected to register the highest CAGR during the forecast period. Based on application, the North America biostimulants market is segmented into foliar spray, seed treatment, and soil application. The foliar spray segment held the largest market share in 2022, and it is also expected to register the highest CAGR in the market during the forecast period. Based on application, the North America biostimulants market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, turf and landscape, and others. The cereals and grains segment held the largest market share in 2022, and the turf and landscape segment is expected to register the highest CAGR in the market during the forecast period. Based on country, the North America biostimulants market is segmented into the US, Canada, and Mexico. In 2022, the US held the largest market share. It is also expected to register the highest CAGR during the forecast period.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
