Humic Based Biostimulants Market
Humic-based Biostimulants Market Forecasts to 2028 - Global Analysis By Product Type (Humic Acid, Potassium Humate and Other Product types), Form(Dry and Other Forms) Crop Application (Agriculture and Other Crop Applications ) Origin (Natural Biostimulants and Other Origins) Application, End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $651.79 MN |
|
Projected Year Value (2028) |
US $1,321.37 MN |
|
CAGR (2022 - 2028) |
12.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Humic-based Biostimulants Market is accounted for $651.79 million in 2022 and is expected to reach $1321.37 million by 2028 growing at a CAGR of 12.5% during the forecast period. Biostimulants are the kind of products which helps in enhancing the life of plants in requisite of the growth and yield. The Biostimulants has the potential to boost the stress tolerance of plant that may be in conditions of disease or drought. It is helpful for the plants to amplify their ability to absorb water and it leads to better plant growth. The Biostimulants products are found to be satisfying the gap between bio-fertilizers and pesticides as it can help the plant in both activities. They provide various benefits such as improved germination and root growth, leading to robustness and greater stress resistance, thus enhanced root system promotes more competent nutrient and water uptake and translocation throughout the growing season, which helps in boosting the market growth.
According to FiBL, the organic area share of total farmland in Europe increased from 3.1% in 2018 to 3.4% in 2020. Similarly, the organic area share of total farmland in Latin America increased from 1.1% in 2018 to 1.4% in 2020. As organic food products are produced without using any pesticide or fertilizer, the demand for Biostimulants is rising. Consequently, the increasing popularity of organic farming drives the demand for Biostimulants.
Market Dynamics:
Driver:
Sustainability of Humic-based Biostimulants
Humic-based Biostimulants is a potential approach for achieving sustainable agriculture since they are often regarded as a renewable source of plant nutrients, encourage crop production and soil health, and have become a very important element in integrated crop and soil management. There has been a growing interest in the potential use of Biostimulants to enhance nutrient use efficiency, or tolerance to abiotic stress, crop quality.
Restraint:
Lack of awareness among farmers
Humic-based Biostimulants have not been controlled under any standard category yet across the world. At present, biostimulants do not have any precise class with a steady global definition. For example, they are considered plant strengtheners or growth enhancers in some regions, whereas they are well thought-out additives in other regions. There is a lot of uncertainty and lack of awareness among farmers regarding the humic-based biostimulants; this can be restraining the growth of the humic-based biostimulants market.
Opportunity:
Growing organic production practices
Humic-based Biostimulants are a vital feature for promoting organic practices in the outlook of agricultural industry. Biostimulants help enhance the soil microflora, which, helps make the uptake of nutrients more competent. Owing to the health perception among consumers around the globe, the preference towards organic food is mounting for avoiding adverse health effects caused by chemical preservatives or hereditarily modified ingredients of inorganic food. This creates major opportunities for the growth of the global humic-based biostimulants market during the forecast period.
Threat:
Ambiguity in the regulatory structure of biostimulants
The regulatory structure for biostimulants is unclear across many regulatory bodies worldwide. Due to this, many times, duplicate and fake products have entered the market, this has led to a lack of transparency in patent protection laws in several countries, resulting in the prevalence of low-quality products in many regions, this can be a major threat for the growth of the global humic-based biostimulants market.
Covid-19 Impact
The COVID-19 pandemic on the global market has been negligible, particularly because of supply chain disturbance. Many consumers have adopted a healthy lifestyle during the outbreak of COVID-19, because of which the demand for organic food products has gained more importance hence the command for biological materials has boosted. The barriers forced by the government have although not affected the agriculture sector much, with the manufacturing plants operating impeccably even during lockdowns.
The humic acid segment is expected to be the largest during the forecast period
The humic acid segment is estimated to have a lucrative growth, because it is easily available in the humic matter of soil, improves and optimizes uptake of nutrients and water holding capacity. Moreover, it increases the microbial activity in the soils, improving the soil health and enables the uptake of nutrients, absorption of water, and also fights against various pests. For instance, in crops like potato, humic acid increases the tuber count and size of the crop.
The foliar treatment segment is expected to have the highest CAGR during the forecast period
The foliar treatment segment is anticipated to witness the fastest CAGR growth during the forecast period. Foliar feeding is a technique of feeding plants by applying humic- based biostimulants directly to the leaves. In addition, foliar treatment is the most efficient way to feed the crop and stimulate the root development and reduce the deficiency of the nutrients that are required, which helps better control the growth of the crop, thus encouraging the growth of the market.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the wide range of technical advancements occurrence in the region. The increasing agricultural practices and growing demand for agricultural products meet international standards. Moreover, Asian countries, such as Japan, China, and India, are readily shifting toward sustainable agriculture. These are some of the factors expected to drive the growth of the humic-based biostimulants market in this region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the increasing significance of sustainable agriculture advancement among customers and the growing progress of new pioneering products targeting specific agronomic needs. The sturdy agricultural sector of Europe makes it one of the foremost consumers of humic-based biostimulants. The increasing need for high production yield, and quality parameters and increasing land degradation, strengthens the demand for engaging in clean and sustainable solutions in this region.
Key players in the market
Some of the key players profiled in the Humic-based Biostimulants Market include Bayer AG, Borregaard, Koppert Biological Systems, FMC Corporation , Eastman Chemical Company, LALLEMAND Inc, Haifa Group, Valagro SpA, Brandt Consolidated, Novozymes , Biostadt India Limited, and Biolchim SpA.
Key Developments:
In Nov, 2022, Koppert announced the introduction of nematode solutions for agricultural pests. They are a fast and effective biological solution to control a broad range of pests in top fruit, stone fruit, soft fruit, potatoes and several outdoor vegetables.?
In July, 2022 FMC Corporation completes acquisition of BioPhero ApS. FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment.With this acquisition both FMC Corporation and BioPhero ApS gains mutual strength.
In July 2019, Valagro announced research collaboration with Marrone Bio Innovations (US) to leverage their assets to develop plants that can thrive under harsh conditions, grow with more vigor, and have better root systems.
Product Types Covered:
• Humic Acid
• Potassium Humate
• Fulvic Acid
• Other Product types
Forms Covered:
• Dry
• Liquid
• Other Forms
Crop Applications Covered:
• Agriculture
• Other Crop Applications
Origins Covered:
• Extrusion
• Natural Biostimulants
• Synthetic Biostimulants
• Other Origins
Applications Covered:
• Foliar Treatment
• Soil Treatment
• Seed Treatment
• Other Applications
End Users Covered:
• Farmers
• Agriculture Industries
• Research Institutes
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Humic-based Biostimulants Market, By Product Type
5.1 Introduction
5.2 Humic Acid
5.3 Potassium Humate
5.4 Fulvic Acid
5.5 Other Product types
6 Global Humic-based Biostimulants Market, By Form
6.1 Introduction
6.2 Dry
6.3 Liquid
6.4 Other Forms
7 Global Humic-based Biostimulants Market, By Crop Application
7.1 Introduction
7.2 Agriculture
7.2.1 Cereals
7.2.2 Oilseeds
7.2.3 Fruits & Vegetables
7.2.4 Fiber Crops
7.3 Other Crop Applications
8 Global Humic-based Biostimulants Market, By Origin
8.1 Introduction
8.2 Natural Biostimulants
8.3 Synthetic Biostimulants
8.4 Other Origins
9 Global Humic-based Biostimulants Market, By Application
9.1 Introduction
9.2 Foliar Treatment
9.3 Soil Treatment
9.4 Seed Treatment
9.5 Other Applications
10 Global Humic-based Biostimulants Market, By End User
10.1 Introduction
10.2 Farmers
10.3 Agriculture Industries
10.4 Research Institutes
10.5 Other End Users
11 Global Humic-based Biostimulants Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Bayer AG
13.2 Borregaard
13.3 Koppert Biological Systems
13.4 FMC Corporation
13.5 Eastman Chemical Company
13.6 LALLEMAND Inc
13.7 Haifa Group
13.8 Valagro SpA
13.9 Brandt Consolidated
13.10 Novozymes
13.11 Biostadt India Limited
13.12 Biolchim SpA
List of Tables
1 Global Humic-based Biostimulants Market Outlook, By Region (2020-2028) ($MN)
2 Global Humic-based Biostimulants Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Humic-based Biostimulants Market Outlook, By Humic Acid (2020-2028) ($MN)
4 Global Humic-based Biostimulants Market Outlook, By Potassium Humate (2020-2028) ($MN)
5 Global Humic-based Biostimulants Market Outlook, By Fulvic Acid (2020-2028) ($MN)
6 Global Humic-based Biostimulants Market Outlook, By Other Product types (2020-2028) ($MN)
7 Global Humic-based Biostimulants Market Outlook, By Form (2020-2028) ($MN)
8 Global Humic-based Biostimulants Market Outlook, By Dry (2020-2028) ($MN)
9 Global Humic-based Biostimulants Market Outlook, By Liquid (2020-2028) ($MN)
10 Global Humic-based Biostimulants Market Outlook, By Other Forms (2020-2028) ($MN)
11 Global Humic-based Biostimulants Market Outlook, By Crop Application (2020-2028) ($MN)
12 Global Humic-based Biostimulants Market Outlook, By Agriculture (2020-2028) ($MN)
13 Global Humic-based Biostimulants Market Outlook, By Cereals (2020-2028) ($MN)
14 Global Humic-based Biostimulants Market Outlook, By Oilseeds (2020-2028) ($MN)
15 Global Humic-based Biostimulants Market Outlook, By Fruits & Vegetables (2020-2028) ($MN)
16 Global Humic-based Biostimulants Market Outlook, By Fiber Crops (2020-2028) ($MN)
17 Global Humic-based Biostimulants Market Outlook, By Other Crop Applications (2020-2028) ($MN)
18 Global Humic-based Biostimulants Market Outlook, By Origin (2020-2028) ($MN)
19 Global Humic-based Biostimulants Market Outlook, By Natural Biostimulants (2020-2028) ($MN)
20 Global Humic-based Biostimulants Market Outlook, By Synthetic Biostimulants (2020-2028) ($MN)
21 Global Humic-based Biostimulants Market Outlook, By Other Origins (2020-2028) ($MN)
22 Global Humic-based Biostimulants Market Outlook, By Application (2020-2028) ($MN)
23 Global Humic-based Biostimulants Market Outlook, By Foliar Treatment (2020-2028) ($MN)
24 Global Humic-based Biostimulants Market Outlook, By Soil Treatment (2020-2028) ($MN)
25 Global Humic-based Biostimulants Market Outlook, By Seed Treatment (2020-2028) ($MN)
26 Global Humic-based Biostimulants Market Outlook, By Other Applications (2020-2028) ($MN)
27 Global Humic-based Biostimulants Market Outlook, By End User (2020-2028) ($MN)
28 Global Humic-based Biostimulants Market Outlook, By Farmers (2020-2028) ($MN)
29 Global Humic-based Biostimulants Market Outlook, By Agriculture Industries (2020-2028) ($MN)
30 Global Humic-based Biostimulants Market Outlook, By Research Institutes (2020-2028) ($MN)
31 Global Humic-based Biostimulants Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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