The global biostimulants market is estimated to be valued at USD 3.5 billion in 2022. It is projected to reach USD 6.2 billion by 2027, recording a CAGR of 11.8% during the forecast period. Food and agricultural production systems worldwide are facing unprecedented challenges, from the increasing demand for food for a growing population, rising hunger and malnutrition, adverse climate change effects, overexploitation of natural resources, loss of biodiversity, and food loss and waste. These challenges can undermine the world’s capacity to meet its food needs now and in the future.

Opportunities: Growing demands for seed treatment

According to MarketsandMarkets insights, there is a growing demand for biostimulant treated seeds globally. The production of high-quality and effective seeds is essential for obtaining a higher crop yield. Biostimulants facilitate an increase of seed vigor during the crucial growth phases, due to which they are being used globally for seed treatment purposes. In addition, many companies have already started exploring this segment with increased investments in R&D activities. The right combination of synthetic crop protection and biological-based seed treatments is proving to be useful. Cotton seedlings were the first to be treated on a large scale with biological solutions in the US in 1999; the industry has grown since. Seed treatment provides an efficient mechanism for enhancing the activity of seeds in the soil environment, where they are appropriately positioned to colonize seedlings and roots and protect them against soil-borne diseases and pests.

Global initiatives such as the “Good Seed Initiative by Commonwealth Agricultural Bureaux International (CABI) for the Sub-Saharan, African and Asian countries and the SeEdQUAL by Consultative Group on International Agricultural Research (CGIAR) are driving the use of effective biostimulants in the global seed treatment industry. The biostimulant seed treatment products not only help in protecting seeds but also act as seed enhancers. With the intervention of changes in different formulations and active ingredients, these biostimulants, in combination with biopesticides, bioinsecticides, and other biocontrol’s, provide a broad spectrum of protection from insects, diseases, and nematodes. By establishing a symbiotic relationship between roots and soil, biostimulants provide essential benefits to crop efficiency and productivity. Such innovations are expected to offer growth opportunities for key players in the market.

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FMC Corporation (US) is one of the key players in the biostimulants markets because of diverse product portfolio

FMC Corporation provides solutions to growers through innovative development capabilities in crop protection, plant health, professional pest, and turf maintenance solutions. Earlier, the company operated through three business segments: agricultural solutions, health & nutrition, and lithium. Out of these, the agricultural solutions segment accounted for approximately 69% of its consolidated revenue. After November 2017, FMC Corporation acquired DuPont’s crop protection business the company operated in FMC Corporation’s acquisition of a significant part of DuPont’s crop protection business and divestment of health and nutrition business to DuPont two active business segments: agricultural solutions and lithium. Today, the segments are herbicides, fungicides, plant health, and insecticides. FMC Corporation announced a new brand identity for its plant health business segment under the name of Biologicals by FMC. It will now sell biostimulants, bio fungicides, and other plant health products under this label.

The company has operations in North America, Europe, South America, the Middle East, and Asia Pacific, with most sales concentrated in the European, North American, and Asian regions. Its subsidiaries include FMC Agricultural Products International, AG (Switzerland), FMC Agroquimica de Mexico S.A. de C.V., FMC Foret, S.A. (Spain), FMC (Shanghai) Chemical Technology Consulting Co. Ltd. (China), FMC Australasia Pty. Ltd. (Australia), FMC Chemicals (Thailand) Limited, FMC Chemicals KK (Japan), and FMC BioPolymer UK Limited (UK).

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Recent Developments:

• In 2021 UPL Limited (India), and Chr Hansen Holdings A/s announced a partnership to develop microbial-based biostimulants and biopesticides for improving crop quality and yield. This will help the companies enter the crop protection sector in various geographies.
• In 2021 UPL Limited (India), and Novozymes (Denmark) announced a partnership to provide a range of biological products to the Argentinian market. Biological products made by Novozymes and marketed under the ‘Nitragin’ brand will now become part of UPL’s portfolio, providing a complete range of bio-solutions and crop protection products.
• In 2021, ADAMA. (Israel), closed the acquisition of a 51% stake in Huifeng’s key crop protection synthesis and formulation facilities. Through this, the company expects a significantly bolstered commercial reach in China and competitive operational capabilities to support its global business.
• In 2021, FMC Corporation (US) announced a new brand identity for its plant health business segment under the name of Biologicals by FMC. It will now sell biostimulants, bio fungicides and other plant health products under this label.