Global Humic Based Biostimulants Market Overview And Prospects
Learn about the global humic based biostimulants market through The Business Research Company, which provides information on humic based biostimulants market size, humic based biostimulants market drivers and restraints, humic based biostimulants market players, the COVID-19 impact on the humic based biostimulants market, and more.
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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%.
Increase in the demand for the adoption of sustainable solutions in farming is expected to drive innovation in humic based biostimulants manufacturing, thus driving the market during the forecast period.
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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.
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 was the largest region in the humic-based biosimulants market in 2020.
Innovations in humic-based biosimulants such as chelation with different minerals is shaping the humic-based biostimulants market. 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.
TBRC’s humic biostimulants market report covers:
Major Market Players: 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)
The Humic Based Biostimulants Global Market Report 2021: COVID-19 Growth and Change to 2030 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, leading competitor revenues, profiles and market shares.
TBRC’s humic based biostimulants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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