Top 10 Biostimulants Companies Leading the Biostimulants Revolution
Edward Scott
Associate Marketing Director | Food & Beverage, Agriculture Research Reports & Consulting
The biostimulants market is significantly shaped by several key factors. Firstly, there is a growing demand for sustainable agricultural practices due to heightened awareness of the environmental impacts of traditional farming methods. Biostimulants offer a sustainable solution to enhance crop productivity while minimizing reliance on synthetic chemicals. Secondly, government regulations aimed at reducing chemical use in agriculture, promoting organic farming, and ensuring food safety heavily influence the biostimulants market. These regulations, along with incentives and subsidies, further encourage the adoption of biostimulants. Thirdly, farmers are constantly seeking ways to improve crop yields, quality, and resilience against various stressors such as droughts, diseases, and pests. Biostimulants help meet these needs by enhancing nutrient uptake, stress tolerance, and overall plant growth. Additionally, ongoing advancements in biotechnology and a deeper understanding of plant-microbe interactions lead to the development of more effective biostimulant products. This includes the discovery of new microbial strains and customized formulations for specific crops and environmental conditions.
The world's leading biostimulants companies : ?? Top players in the industry
BASF SE (Germany)
BASF SE is a prominent leader in the chemical industry, encompassing a diverse range of business segments, including nutrition and care, materials, chemicals, agricultural solutions, industrial solutions, and surface technologies. The company's extensive portfolio includes chemical products such as intermediates, monomers, petrochemicals, dispersions, pigments, care chemicals, nutrition and health products, paper chemicals, performance chemicals, catalysts, construction chemicals, coatings, performance materials, and crop protection products. As of April 2024, BASF SE has restructured its business segments into chemicals, materials, industrial solutions, surface technologies, nutrition and care, agricultural solutions, and others. Within the agricultural solutions sector, BASF focuses on providing biostimulant products to consumers worldwide.
BASF has significantly ramped up its investment in the agricultural solutions sector, with a particular focus on biostimulants. These are substances or microorganisms applied to plants to enhance nutrient uptake, improve stress resilience, and stimulate growth. This strategic emphasis on biostimulants aligns with the increasing demand for sustainable agricultural practices that boost crop yields while reducing environmental impacts. With a robust global presence, BASF SE operates through subsidiaries and joint ventures in over 93 countries. The company manages six integrated production sites and 234 additional production facilities across Europe, Asia, Australia, the Americas, and Africa.
In August 2022, BASF Venture Capital GmbH and Aqua-Spark invested INR 1402 million (approximately USD 18.5 million) in Sead Energy Pvt. Ltd. during a Series B funding round. Sead Energy specializes in producing biostimulants for agriculture using red seaweed, a sustainable raw material primarily found in tropical waters of Asia. Their integrated model includes cultivation technology suited for deep waters and adverse weather conditions, utilizing satellite imagery to optimize seaweed farm locations. With commercial seaweed farming operations in Bali, Indonesia, and processing plants in Tuticorin, India, Sead Energy leads in tropical red seaweed production and processing. BASF's investment in Sead Energy diversifies its biostimulants portfolio and bolsters its position in the emerging market for seaweed-derived products.
Syngenta Crop Protection AG (Switzerland)
Syngenta Crop Protection AG, headquartered in Basel, Switzerland, is a global agricultural company specializing in crop protection and seed development. It is renowned for its innovative solutions in crop science, offering a wide range of products aimed at enhancing crop yields, quality, and sustainability. Syngenta's focus extends to both conventional and biotechnology-based solutions, addressing challenges such as pests, diseases, and environmental stressors. With a presence in over 90 countries, Syngenta plays a significant role in supporting farmers worldwide to improve productivity and food security while promoting responsible and sustainable agricultural practices.
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UPL (India)
UPL is a leading provider of comprehensive crop solutions dedicated to ensuring global food security. Its operations are divided into the Agrochemical Products and Industrial Chemicals segments. Within the Agrochemical activities segment, UPL offers a range of services including biostimulants, seeds, crop protection solutions, post-harvest solutions, aquatics, farmer engagement, and other related businesses. With a presence in over 138 countries and 48 manufacturing plants, UPL's ProNutiva program stands out by combining natural BioSolutions, such as bioprotection, biostimulants, and bionutrition, with traditional crop protection products to meet or exceed real-world needs. UPL utilizes acquisitions as a key strategy to solidify its market presence.
In May 2022, UPL announced a strategic partnership with Kitesca M660 Innovation Center, marking a significant advancement in the biostimulants market, particularly in North America. The collaboration aims to commercialize innovative BioSolutions technologies, providing tailored solutions for optimal plant development, improved yields, and enhanced crop quality. This long-term agreement underscores the strategic importance of biosolutions in UPL's global vision, demonstrating their commitment to sustainable food production and grower profitability. Through this partnership, UPL plans to introduce five biostimulants and innovative nutrition products, including ALFA, MOTO, VELEXI, SERENIS, and CEVO, targeting specific crops and offering diverse solutions for agricultural needs. This partnership solidifies UPL's position as a major player in the biostimulants market and addresses the growing demand for sustainable agriculture practices.
FMC Corporation (US)
FMC Corporation provides innovative solutions to growers in crop protection, plant health, professional pest control, and turf maintenance. Originally, the company operated in three segments: agricultural solutions, health & nutrition, and lithium, with agricultural solutions contributing about 69% of its revenue. Following the acquisition of DuPont's crop protection business in November 2017 and the divestment of the health and nutrition business to DuPont, FMC Corporation now focuses on two segments: agricultural solutions and lithium.
These segments encompass herbicides, fungicides, plant health, and insecticides. Recently, FMC Corporation rebranded its plant health business segment as Biologicals by FMC, specializing in biostimulants, biofungicides, and other plant health products. Operating across North America, Europe, South America, the Middle East, and the Asia Pacific, FMC Corporation's sales are predominantly concentrated in Europe, North America, and Asia. Some of 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).
In June 2022, FMC Corporation's unveiling of the "Biologicals by FMC" brand underscores its dedication to the expanding realm of biological crop protection, highlighting substantial investment and a robust pipeline of groundbreaking products. With a portfolio of over 50 biological solutions available in 50 countries, including award-winning biostimulants and bionematicides, FMC aims to equip farmers with science-driven solutions for sustainable crop management. The recent launch of Zironar biofungicide/bionematicide in the US and Proxilar biofungicide in Brazil, along with plans for four global biopesticide releases in the next four years, solidifies FMC's position as a major player in the biostimulants market, reaffirming its commitment to tackling agricultural challenges with innovative biological technologies.
Corteva. (US)
Corteva Agriscience is an American agricultural chemical and seed company that was spun off from DowDuPont in 2019. It's one of the largest global producers of hybrid seeds, crop protection chemicals, and digital farming tools. Corteva focuses on developing sustainable solutions for farmers, aiming to increase productivity while minimizing environmental impact. They operate in over 140 countries, serving both large-scale commercial farms and smallholder farmers.
Nufarm (UK)
Nufarm (UK) is a subsidiary of Nufarm Limited, an Australian-based agricultural chemical company. In the UK, Nufarm provides a wide range of crop protection solutions, including herbicides, fungicides, and insecticides, to help farmers protect their crops and maximize yields. They focus on innovation and sustainability in their product development, aiming to provide effective solutions while minimizing environmental impact. Nufarm (UK) is part of Nufarm's global network, which operates in more than 100 countries worldwide.