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Humic-based Biostimulants- Global Market Outlook (2019-2027)

Humic-based Biostimulants- Global Market Outlook (2019-2027)

4.1 (32 reviews)
Published: March 2021 ID: SMRC20350
4.1 (32 reviews)
Published: March 2021 ID: SMRC20350

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Humic-based Biostimulants market accounted for
$466.06 million in 2019 and is expected to reach $1283.55 million by 2027 growing at a CAGR of 13.5% during the forecast period. The high-value crops with export value experience higher demand for adoption of sustainable solutions, and limited entry barriers resulting in the entry of players of different tiers are the factors driving the market growth. However, local players do not guarantee the authenticity of bio stimulant products may hinder market growth.

Humic based biostimulants can be used in seeds before sowing that will upgrade the uptake of nutrients and water retention capacity. Humic substances are gathering of natural components of the soil organic matter with a relatively small molecular mass that results from the decomposition of plant, metabolic activities of soil microbe, animal and microbial residues. As compared to fulvic acids, the humic acid is dark in colour and has a high degree of polymerization and higher molecular weight and carbon content. In agriculture, most sources of human substance used are non-renewable and include natural humified organic matter, like mineral deposits, organic soil and peat. The humus fraction of soil organic matter plays an important role in soil biology.

By formulation, the liquid is expected to grow at the highest rate during the forecast period. The liquid formulation is easy in handling and application; hence most of the farmers use liquid formulation. The application of liquid humic-based bio stimulants strengthens efficiency by distributing evenly on the required area. Therefore, manufacturers are also offering most bio stimulant products in the liquid formulation as per the demand.

By geography, Europe is expected to have the highest market share during the forecast period, due to the rapid adoption of advanced technologies for improving the yield of crops in the region The European humic-based bio stimulants market is driven by the growing importance of a sustainable agriculture approach and increasing the development of new innovative products that target specific agronomic needs. The strong agricultural sector of the region makes it one of the leading consumers of bio stimulants.

Some of the key players profiled in the Humic-based Bio stimulants include Bayer Ag, Biolchim S.P.A, Bioline, Borregaard, Fmc Corporation, Haifa Group, Humic Growth Solutions, Humintech Gmbh, Koppert Biological Systems, Novihum Technologies Gmbh, Promisol, Qingdao Future Group, Sikko Industries Ltd, Upl Limited, and Valagro Spa Company.

Types Covered:
• Fulvic acid
• Humic acid
• Potassium Humate
 
Crop Applications Covered:
• Agriculture (Open Fields) Service

Formulations Covered:
•  Liquid
• Water-Soluble Granules
• Water-Soluble Powders

Mode of Applications Covered:
• Foliar Treatment
• Seed Treatment
• Soil Treatment

Origins Covered:
• Biostimulants
• Natural
• Synthetic Biostimulants

Distribution Channels Covered:
•  Direct
• Indirect

End Users Covered:
• Farmers
• Research Institutes

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 2018, 2019, 2020, 2024 and 2027
- 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

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