The Global Humic Based Biostimulants Market Report By The Business Research Company Covers Humic Based Biostimulants Market’s Drivers And Restraints, Humic Based Biostimulants Market Size, Major Players, And The Impact Of COVID-19 On The Humic Based Biostimulants Market.
The humic-based biostimulants market consists of sales humic-based biostimulants and related services by entities (organizations, sole traders and partnerships) that provide humic-based biostimulants. Biostimulants are substances applied to plants to enhance nutrition efficiency, abiotic stress tolerance and increase crop quality traits. Humic based biostimulants are commonly used in horticulture.
Increase in the demand for the adoption of sustainable solutions in farming is driving the market growth of humic-based biostimulants.
The global humic-based biostimulants market is expected to grow from $496.46 million in 2020 to $538.61 million in 2021 at a compound annual growth rate (CAGR) of 8.49%. The growth is mainly due to the benefits associated with humic based biostimulants, rising need of sustainable agriculture and reduced in exploitation and wastage of conventional synthetic fertilizers. The humic-based biostimulants market is expected to reach $807.64 million in 2025 at a CAGR of 10.4%.
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Some humic based biostimulants market trends include innovations in humic-based biosimulants such as chelation with different minerals. Companies across the globe that are working on a wide variety of agricultural solutions with chelated additional minerals to enhance the nutraceutical nature of crops and plants. For instance, HuminTech, a German based humic substances producer, has launched a humic based biostimulant with iron chelation. The product can be used to prevent and correct iron deficiency symptoms in plants, along with increasing the resistance of plants to abiotic stress factors.
Global humic based biostimulants market segments include:
By Type: Fulvic Acid, Humic Acid, Potassium Humate
By Type Of Formulation: Liquid, Water-Soluble Granules, Water-Soluble Powders
By Mode of Application: Agriculture, Cereals, Fiber Crops, Fruits & Vegetables, Oilseeds
By End-User: Farmers, Related Industries, Research Institutes
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global humic based biostimulants market share.
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The Humic Based Biostimulants Market Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides humic based biostimulants market overviews, analyzes and forecasts market size, share, humic based biostimulants market players, humic based biostimulants market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The humic based biostimulants market identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Humic Based Biostimulants Market Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Syngenta Group, Biolchim S.P.A, FMC Corporation, Haifa Group, UPL Limited, Bayer AG, Sikko Industries Ltd, Humintech Gmbh, Promisol, Novihum Technologies Gmbh, Borregaard, Qingdao Future Group, Bioline, Humic Growth Solutions, Actagro, Rovensa, Tagrow, Cifo, and Loveland.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Humic Based Biostimulants Market Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Humic Based Biostimulants Market Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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