Japan Biostimulants Market Insights Forecasts to 2032
- The Japan Biostimulants Market Size was valued at USD 98.973 Million in 2022.
- The Market is Growing at a CAGR of 6.3% from 2022 to 2032
- The size is expected to reach USD 182.829 Million by 2032.
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The Japan Biostimulants Market Size was valued at USD 98.973 Million in 2022 and is expected to Grow to USD 182.829 Million by 2032, at a CAGR of 6.3% during the forecast period (2022-2032).
Biostimulants are being developed to assist farmers in meeting growing agricultural demand on a long-term basis. Biostimulants increase crop production and value, which improves agricultural productivity. Agricultural biostimulants are mixtures of chemicals, substances, and microorganisms that are applied to plants or soils to increase crop vigor, yield, sensitivity to abiotic pressure, and quality. Biostimulants promote crop growth and production throughout the crop life cycle, from seed germination to plant maturity, in several proven ways such as controlling plant metabolism. Biostimulants are produced for farmers to fulfill the need for sustainable agriculture, including enhanced crop production and quality, and for consumers to meet the demand for organic products to adapt to climate change.
This research report categorizes the market of Japan biostimulants market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan biostimulants market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan biostimulants market.
Japan Biostimulants Market Report Coverage
|Market Size in 2022:||USD 98.973 Million|
|Forecast Period 2022-2032 CAGR:||6.3%|
|2032 Value Projection:||USD 182.829 Million|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||120|
|Segments covered:||By Active Ingredients, By Crop Type, By Application and Country Statistics (Demand, Price, Growth, Competitors, Challenges)|
|Companies Covered:||Nippon Soda Co., Ltd., Ac-Planta Inc, AlgaEnergy, Denka Company Limited.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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Farmers are increasingly interested in biostimulants since they can improve the inherent features of targeted plants and help crops and plants adapt better to their surroundings and the environment. Furthermore, the rising public concern about crop quality, as well as the worsening temperature conditions caused by climate change, are motivating farmers to embrace and employ biostimulants. These reasons are causing new firms to enter the market and older competitors to adjust their strategies to supply new and sophisticated goods as well as expand their operations, resulting in increased demand for biostimulants throughout the projected period.
The regulatory framework for biostimulants in Japan is relatively limited compared to other agricultural inputs such as pesticides and fertilizers. The absence of specific regulations and guidelines for biostimulant products can create uncertainty and hinder market growth. The lack of clear regulations may also affect consumer confidence and the adoption of biostimulant products.
Covid 19 Impacts
The COVID-19 pandemic has had a minor influence on this market, owing to the challenges presented by the pandemic's onset. However, in the years after the pandemic, the market is predicted to recover, returning to pre-pandemic levels in the later part of the projection period. The breakout of the COVID-19 pandemic at the start of 2020 prompted the government and corporations to take drastic measures to halt the virus's spread. These actions, such as nationwide lockdown, quarantine mechanisms, and the declaration of self-containment zones, disrupted the supply chain, making it difficult to gain timely access to raw materials, distribute products via the distribution network, and access receivables. The general sense of uncertainty in the business climate resulted in the cancellation of orders in some locations and the postponement of orders in others. The market's overall uncertainty has lost some value in total sales, even though year-on-year growth from 2019 to 2020 has been roughly 2%.
- In 2022, the acid-based segment is influencing the largest market share during the forecast period.
Based on the active ingredients, the Japan biostimulants market is segmented into acid Based, seaweed extract, microbial, & others. Among these segments, the acid-based segment dominates the largest market share during the forecast period. This is due to an increase in the use of amino acids, which are a significant source of phytohormones that assist activate plant metabolic processes and stimulate seed formation. Humic chemicals are byproducts of microorganisms such as bacteria and fungi, as well as the chemical breakdown of animal and plant wastes in soils. Furthermore, Humic compounds in soil serve an important role in carbon and oxygen exchange between the soil and the atmosphere, hence sustaining nutrient availability in the soil, increasing plant production, and minimizing the toxicity of pesticides and heavy metals employed in agriculture. Furthermore, humic compounds improve pH buffering, hydration retention, and the availability of minerals such as iron, phosphorus, and zinc. As a result of the advantages of humic acid, there is an increased interest in the use of humic compounds in agricultural systems.
- In 2022, the row crops & cereals segment is dominating the highest market share over the forecast period.
Based on the crop type, the Japan biostimulants market is segmented into row crops & cereals, fruits & vegetables, turf & ornamentals, & others. Among these segments, the row crops & cereals segment dominates the largest market share during the forecast period. This is due to an increase in demand for row crops or commodity crops such as cotton, oats, barley, millets, and soybeans. These crops are grown in large regions and are predicted to provide significant growth for the Japan market. The substance boosts seed size, cell division, and row crop yields such as maize, barley, and soybean. They include polyamines, Indole-3-acetic acid, and amino acids, which help to overcome cell growth and division hurdles.
- In 2022, the foliar segment is influencing the highest growth rate during the forecast period.
Based on the application, the Japan biostimulants market is segmented into foliar, soil, & seed. Among these segments, foliar led the market and is predicted to grow at a 5.2% CAGR during the forecast period. This is due to increased utilization in plant foliar treatment since the substance is widely sprayed on the leaves to facilitate nutrient absorption. Biostimulants for plant foliar treatment are often offered in liquid form to facilitate application. Glycine betaine, IPA, and chelated nutrients are the most active compounds employed in foliar treatments.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan biostimulants market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Nippon Soda Co., Ltd.
- Ac-Planta Inc
- Denka Company Limited
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the Japan Biostimulants Market based on the below-mentioned segments:
Japan Biostimulants Market, By Active Ingredients
- Humic And Fulvic
- Seaweed Extracts
- Amino Acid
Japan Biostimulants Market, By Crop Type
- Row Crops & Cereals
- Fruits & Vegetables
- Turf & Ornamentals
Japan Biostimulants Market, By Application
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