Biostimulants Market Size and Forecast (2021-2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Humic Substances, Amino Acids, Microbial Stimulants, Seaweed Extracts, and Others), Mode of Application

The biostimulants market size is projected to reach US$ 8.41 billion by 2031 from US$ 5.55 billion in 2024. The market is expected to register a CAGR of 6.3% during 2025-2031.

Biostimulants have gained significant attention in the global market due to their growing demand for sustainable agriculture worldwide.

Biostimulants are substances or microorganisms applied to plants, seeds, or soil that enhance natural plant processes to improve nutrient uptake, nutrient use efficiency, tolerance to abiotic stresses (such as drought, salinity, or extreme temperatures), and overall crop quality and yield. Unlike traditional fertilizers, biostimulants do not directly supply nutrients but work by stimulating the activity of beneficial microbes in the rhizosphere, the soil region around plant roots, and by enhancing the plant's physiological processes. This indirect mode of action helps plants grow more efficiently and resist environmental stresses, contributing to sustainable agriculture.

The global biostimulants market is primarily driven by the increasing demand for sustainable agriculture and the need to enhance crop productivity amid growing environmental concerns. Farmers and agribusinesses are adopting biostimulants as eco-friendly alternatives to chemical fertilizers and pesticides, which contribute to soil degradation and environmental pollution. The rising awareness about soil health, climate change impacts, and the push for organic farming practices are key factors fueling this trend. Governments and regulatory bodies worldwide are also supporting sustainable agricultural practices through clear guidelines and incentives, further encouraging the use of biostimulants. Additionally, the expanding organic food industry and consumer preference for residue-free, high-quality produce are accelerating market growth.

Technological advancements and innovations in biostimulant formulations, such as microbial and seaweed-based products, are enhancing their efficacy and cost-effectiveness, which boosts adoption rates globally. Emerging markets in Asia Pacific and South and Central America are experiencing rapid growth due to increased agricultural production and government initiatives focused on modernization and sustainability. The biostimulants market in North America is particularly significant, driven by its large commercial agriculture sector and supportive policies promoting organic and sustainable farming. Furthermore, the integration of precision farming and biotechnology is expected to propel the biostimulants market, making them a routine part of crop management to improve nutrient absorption, stress resistance, and overall yield under changing climatic conditions.

Some of the key players operating in the biostimulants market include BASF SE, UPL Limited, Valagro, Gowan Company, FMC Corporation, ILSA S.p.A., Haifa Negev Technologies LTD., ADAMA, Rallis India Limited, AgriTecno Biostimulants and Plant Nutrition, among others. Players operating in the biostimulants market focus on providing innovative products at affordable prices to fulfill customer demand.

The overall biostimulants market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the biostimulants market.