China Biostimulants Market Size & Outlook, 2022-2030
China biostimulants market, 2018-2030 (US$M)
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China biostimulants market highlights
- The China biostimulants market generated a revenue of USD 178.7 million in 2022 and is expected to reach USD 358.0 million by 2030.
- The China market is expected to grow at a CAGR of 9.1% from 2023 to 2030.
- In terms of segment, acid based was the largest revenue generating active ingredients in 2022.
- Seaweed Extract is the most lucrative active ingredients segment registering the fastest growth during the forecast period.
Biostimulants market data book summary
| Market revenue in 2022 | USD 178.7 million |
| Market revenue in 2030 | USD 358.0 million |
| Growth rate | 9.1% (CAGR from 2022 to 2030) |
| Largest segment | Acid based |
| Fastest growing segment | Seaweed Extract |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acid Based, Seaweed Extract, Microbial, Other Active Ingredients |
| Key market players worldwide | Isagro, Basf SE, Calumet Specialty Products Partners LP, Novozymes, Adecoagro SA, Italmobiliare SpA, Koppert |
Other key industry trends
- In terms of revenue, China accounted for 6.8% of the global biostimulants market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biostimulants market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 189.7 million by 2030.
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Biostimulants Market Scope
Biostimulants Market Companies
| Name | Profile | # Employees | HQ | Website |
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China biostimulants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biostimulants market will help companies and investors design strategic landscapes.
Acid based was the largest segment with a revenue share of 47.96% in 2022. Horizon Databook has segmented the China biostimulants market based on acid based, seaweed extract, microbial, other active ingredients covering the revenue growth of each sub-segment from 2018 to 2030.
The rising incomes and rapid urbanization in China have led to changes in consumer lifestyles, which, in turn, have promoted the shifts in food consumption trends in the country. Thus, driving the demand for organic as well as sustainable farming techniques, which significantly contribute to bio stimulants demand.
In the past few years, China has witnessed an overuse of chemical-based fertilizers and other agro products leading to soil degradation and causing harmful impact on human health. In 2015, China capped the usage of chemical fertilizer below 1% from 2015 to 2019 along with no growth for 2020.
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Our clientele includes a mix of biostimulants market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China biostimulants market , including forecasts for subscribers. This country databook contains high-level insights into China biostimulants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China biostimulants market size, by active ingredients, 2018-2030 (US$M)
China Biostimulants Market Outlook Share, 2022 & 2030 (US$M)
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