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Germany Biostimulants Market: By Active Ingredients By Crop Type and Forecast to 2029
Germany Biostimulants Market: By Active Ingredients By Crop Type and Forecast to 2029
German biostimulants market is valued at US$ 56.2 million in 2022 and is poised to grow at a significant CAGR of 10.6% over the forecast period (2023–2029). The German biostimulants market has been experiencing significant growth and technological advancements in recent years. Biostimulants are products that reduce the need for fertilizers and increase plant growth and resistance to water and abiotic stresses. In small concentrations, these substances are efficient, favoring the good performance of the plant’s vital processes, and allowing high yields and good-quality products. They are compatible with the most advanced farming techniques used in integrated crop management. Biostimulants have gained popularity due to their beneficial properties and their potential to promote sustainable crop production owing to increasing demand for organic food products as well as Germany’s agriculture ministry is pushing for more organic food in canteens and restaurants as a first step towards achieving the coalition’s 2030 goal of ensuring 30% of arable land is dedicated to organic farming. Biostimulants are available in many formulations and with varying ingredients. Some of the most popular ingredients include humic acids, fulvic acids, seaweed extracts, beneficial bacteria, and beneficial fungi. Acid-based materials account for the largest category of biostimulants.
Increasing demand for sustainable agriculture and the increased necessity to improve yield per hectare due to increasing population are driving the market growth of in Germany. Germany is prominently positioned as Europe's one of the leading organic food markets and the world end highest market after the US, underscoring the German Federal Government's dedication to promoting a sustainable agricultural industry. The coalition agreement among Germany's governing parties has established an ambitious objective: by 2030, they aim to have 30% of the country's agricultural land dedicated to organic farming. This bold aspiration aligns with the overarching trend of organic agriculture and positions Germany as a significant country for expanding the biostimulants market. However, the lack of harmonization and the need for compliance with multiple, varying regulations across European countries pose significant challenges to the growth and standardization of the German biostimulants market. In Germany, biostimulants are marketed as plant strengtheners or growth enhancers, adding to the complexity of their classification. Nevertheless, the companies can tap into food industry by-products like sugar beet and sugarcane vinasse, as well as industrial products like sulfuric acid, sulfuric acid which can be used to produce plant and seaweed extract. This strategy offers environmental benefits, cost savings, improved crop yields, and regulatory compliance. Collaboration with industries and R&D efforts can unlock the full potential of these by-products in the biostimulants market.
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Report Benchmarks |
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Market Size in 2022 |
US$ 56.2 million |
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By Active Ingredients |
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By Crop Type |
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The Biostimulants market is valued at US$ 56.2 million in 2022 and is poised to grow at a significant CAGR of 10.6% over the forecast period (2023–2029).
The seaweed Extracts segment is dominating the market with a value of US$ 13.8 Mn expected to drive the Biostimulants market growth.
The humic and fulvic acid segment is expected to grow at a CAGR of 11.4%.
Key players in the German biostimulants market report are Corteva, BASF, Biolchim BACTIVA, Koppert, Syngenta, ABiTEP GmbH, Humintech GmbH and Novozymes.
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.