Mexico Biostimulants Market by Active ingredient (Humic Substances, Seaweed Extracts, and Others), By Crop Type (Cereals & Grains, Fruits, Others Crop Types), by Form (Dry, Liquid), By Application Method (Foliar Treatment, Soil Treatment, and others), and by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Mexico Biostimulants Market Overview:

The Mexico Biostimulants Market is projected to be USD 37.8 Mn in 2021 to reach USD 119.7 Mn by 2031 at a CAGR of 12.5%.

Market.US announces the publication of its most recently generated research report titled, “Mexico Biostimulants Market by Active ingredient (Humic Substances, Seaweed Extracts, Microbial Amendments, Amino Acids, Other Active Ingredients), By Crop Type (Cereals & Grains, Fruits & Vegetables, Turf & Ornamentals, Oilseeds & Pulses, Others Crop Types), by Form (Dry, Liquid), By Application Method (Foliar Treatment, Soil Treatment, Seed Treatment), and by Country – Global Forecast to 2031”, which offers a holistic view of the Mexico Biostimulants Market through systematic segmentation that covers every aspect of the target market.

Biostimulants are agricultural compounds derived from microbes that are used to boost organic plant development. Humic and fulvic acids, seaweed extracts, amino acids, vitamins, trace minerals, polysaccharides, and microbial amendments are among the active substances used in their production.

To improve nutrient availability, tolerance to environmental challenges, water retention capacities, metabolism rates, and chlorophyll production, they are applied to the soil, seed, or leaves of cereals, grains, fruits, vegetables, oilseeds, and other plantation crops.

They also boost antioxidant activity and encourage root growth and cell expansion in plants. Biostimulants are used to supplement nutrient deficiencies in plants or to boost a plant’s natural defensive mechanisms.

Because biostimulants are created from organic elements, they are less harmful to the environment than synthetic drugs.

Mexico Biostimulants Market Revenue (US$ Mn), 2021–2031

In the coming decade, agricultural producers must develop strategies to become more efficient and successful. Biostimulants can help to solve this problem in the long-term way by providing stress resistance and so encouraging plant development. Due to the introduction of organic rules, the market revenue for biostimulants in Mexico is expected to increase significantly in the future years.

Biostimulants are currently unregulated in Mexico due to a lack of uniform categorization. The fertilizer law under the Federal Commission for the Protection Against Sanitary Risk (COFEPRIS) now covers biostimulants, however, there is no particular reference to biostimulants.

Many problematic items are manufactured and sold in this market due to a lack of a proper regulatory framework. Furthermore, the prevalence of low-quality items is due to a lack of clarity in patent protection regulations in this country.

The market has fractured into smaller areas of market holdings due to its nature. This has contributed to local manufacturers introducing low-quality goods in order to profit from the increased demand for biostimulants.

The low pricing of these goods from small-scale domestic manufacturers also encourages farmers to buy them, limiting the biostimulant market’s actual sales.

Manufacturers should be able to produce new products in the biostimulant and plant growth promotor categories as a result of technological advancements in the biostimulant business. Biostimulants are becoming more widely used in agriculture, with plant growth promoters using larger amounts of this substance.

Biostimulants were first utilized on vegetables and fruit crops, as well as other high-value plants like ornamentals and plantation crops. They now play an important role in the cultivation of conventional food crops such as corn, wheat, and rice.

To catalyze the nutrient uptake process of crops, it can be added to fertilizers. As a result, leading companies in the Mexican industry are developing a number of novel sources.

Companies are implementing new business strategies through targeted acquisitions as a means of expanding their market reach and improving their market share.

The growth of a company’s operations across several locations is also resulting in a surge in newly acquired customers, as well as a shift in product development techniques toward demand-driven product creation with a stricter focus on a customer’s wants.

Mexico Biostimulants Market Attractiveness Analysis by Active Ingredient, 2015–2031

The biostimulants market in Mexico is segmented into – active ingredient, crop type, form, and application method. On the basis of the active ingredients, this market is categorized into humic substances, seaweed extracts, microbial amendments, amino acids, and other active ingredients. Among all the active ingredient segments, the humic substances segment is expected to register the highest CAGR of over 13.7%, followed by microbial amendments.

On the basis of crop type segment, this market is segmented into cereals & grains, fruits & vegetables, turf & ornamentals, oilseeds & pulses, and other crop types. Among these crop type segments, the cereals & grains segment is projected to account for a majority revenue share of 32.8% by the end of 2021.

On the basis of form, this market is further categorized into dry and liquid. The liquid segment is expected to register the highest CAGR of over 13.4%. On the basis of the application method, this market is further categorized into foliar treatment, soil treatment, and seed treatment.

Among application method segments, the foliar treatment segment in the biostimulant market in Mexico is estimated to account for a majority revenue share of 70.2% by the end of 2021.

The research report on the Mexico biostimulants market includes profiles of some of the major companies such as –

• Syngenta AG (Valagro S.A.)
• Corteva Inc.
• Eastman Chemical Company
• United Phosphorus Ltd.
• FMC Corporation
• Rotam Global AgroSciences Limited
• Isagro SpA
• Grupo Agrotecnología S.L.
• and LIVENTIA
• among others.

Mexico Biostimulants Market Segmentation Based on Active Ingredient, Crop Type, Form, and Application Method

Based on Active ingredients:

•  Humic Substances
•  Seaweed Extracts
•  Microbial Amendments
•  Amino Acids
•  Other Active Ingredients

Based on Crop Type:

•  Cereals & Grains
•  Fruits & Vegetables
•  Turf & Ornamentals
•  Oilseeds & Pulses
•  Other Crop Types

Based on Form:

•  Dry
•  Liquid

Based on Application Method:

•  Foliar Treatment
•  Soil Treatment
•  Seed Treatment

For the Mexico Biostimulants Market research study, the following years have been considered to estimate the market size: