Loading...
The United Kingdom biostimulants market is estimated to grow at a CAGR of 10.88% to reach US$205.371 million by 2028 from US$99.678 million in 2021.
Biostimulants are very important for the growth and nutritional benefits of the crops. The term biostimulants mean microorganism or substance, that when applied to the seed, rhizosphere, or plant helps stimulate natural processes and also help in enhancing the nutritional benefit of the plants.
The need for biostimulants is also anticipated to increase in the country due to increasing mergers and collaboration among major corporations that are actively working in the country. Kingdom where in recent years’ temperature deviations have been observed biostimulants can prove to be of much use. It can promote enhanced germination, increased vigor, stress resistance toward harsh temperatures, and root development. Biostimulants can also enhance efficient nutrients and water uptake translocation throughout the cultivating season.
Supporting sustainable farming in the nation
The United Kingdom biostimulants market is anticipated to grow at a significant pace owing to an increased need for chemical-free farming methods. The biostimulants help in the uptake and growth of plants in an environmentally sustainable way, that does not damage the soil in the surface. The increased government efforts towards using products that less damage the surface are also one of the reasons for United Kingdom biostimulants market growth. For instance, the Department for Environment Food and Rural Affairs (EDFRA) and the European Banking Industry Committee (EBIC), over the past few months have frequently exchanged ideas regarding enhancing the biostimulants for plants in the UK. DEFRA is keen to create frameworks for plant biostimulants in the country and wants to ensure that the producers can export this to various EU markets. Hence, such initiatives by the government can be one of the reasons for the United Kingdom biostimulants market growth.
Decrease in crop production area in the United Kingdom
According to the government of the United Kingdom, crop cultivation will be only 3.7 million hectares in 2022, of which 71% of the area which is 2.6 million is covered with cereal production. The area for wheat production was only 1.7 million hectares. As they are under cultivation decreases in the country there comes a need for a new and innovative surge for crop production that is harmless to the environment and is a better option for crop cultivation. Hence, in the projected period, the need for biostimulants for sustainable crop cultivation, enhanced output from the plants, and less damage to the soil is anticipated to increase the United Kingdom biostimulants market.
Biostimulants for fruits are gaining popularity
The UK market is increasingly driven by the rising need for sustainable agriculture for different crops such as fruits and vegetables. This is mainly because these biostimulants boost the yield of fruit crops which positively impacts farm productivity. The growing population in the country along with adverse climate change impacts such as irregular rainfall, and extreme temperature situations creates abiotic stress for fruit crop growth. The application of biostimulants in fruiting plants like grapes and strawberries improves nutritional uptake, enhances photosynthesis, and activate crop defense mechanism against stressful situations.
Increasing fruit production
According to the sources from His Majesty's Revenue & Customs (HMRC) in the UK, fruit production in the country rose by around 13% in the year 2022 reaching 652 thousand tonnes from 577 thousand tonnes in 2021. Furthermore, the rising home production contributed to 17% of the total fruit supply in 2022 compared to just 15% in the year 2021 whereas the total fruit value was 922 million euros in 2021 further reached 1,010 million euros by 2022. This highlights that the rising fruit crop production coupled with sustainable agricultural demand will drive the use of biostimulants in all major fruit crops produced in the country.
Moreover, the rising awareness about biostimulants among the growers in the UK will positively impact the United Kingdom biostimulants market growth. Also, the negative impact on fruit crop yield with the application of excessive chemical fertilizer is expected to increase the preference for biostimulants as environment-friendly alternatives in the coming years.
Market Key Developments
Segmentation: