Humic-Based Biostimulants Market Size
The humic-based biostimulants market size was valued at $766.95 million in 2023 and is projected to reach $1,497.67 million by 2029, growing at a CAGR of 11.8% from 2023 to 2029.
Humic-Based Biostimulants Market Overview
Humic-based biostimulants are organic substances derived from humus, the decomposed organic matter found in soil. These biostimulants contain humic substances, including fulvic acid, humic acid, and ulmic acid, which play a vital role in soil fertility and plant growth. Humic-based biostimulants are utilized in agriculture to enhance soil structure, nutrient availability, and overall plant health. These substances can improve soil water retention, increase nutrient absorption by plant roots, and stimulate microbial activity in the soil. By acting as natural chelators, humic-based biostimulants can enhance the availability of essential nutrients like iron and zinc to plants. Additionally, these biostimulants have been found to promote root development, increase stress tolerance in plants, and contribute to improved crop yield and quality. Their application aligns with sustainable agricultural practices, providing an environmentally friendly approach to optimizing plant performance and enhancing soil fertility.
Market Dynamics:
Growth Drivers
- Rising use of precision agricultural techniques.
- Growing demand for organic food items.
Constraints
- High cost of humic-based biostimulants.
- Absence of standards in the production.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Based on type, the market is bifurcated into granular, liquid, and powder.
By crop type, the market is fragmented into oilseeds & pulses, fruits & vegetables, cereals & grains, and other crop types.
Depending on the application, the market is segregated into soil treatment, seed treatment, and foliar treatment.
List of the Key Players Profiled in the Report Includes:
- Biolchim S.p.A.
- Black Earth Humic LP
- FMC Corporation
- Grow More, Inc.
- Humintech GmbH
- Novihum Technologies GmbH
- Sapec Agro Business
- Sikko Industries Ltd.
- The Andersons, Inc.
- UPL Ltd.
Market by, Geography:
The humic-based biostimulants market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
- North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
- Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
- Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
- South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
- Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.
The report “Global Humic-Based Biostimulants Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.
The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
What Can be Explored with this Research Report:
- Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
- Identify growth opportunities.
- Porter’s five force analysis.
- In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
- Historical and forecast size of the market in terms of revenue (USD Million).
- Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Table Of Content
1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Research Approach
3.6 Data Sources and Assumptions
4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges
4.5 Impact of COVID-19 on the Humic-Based Biostimulants Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Humic-Based Biostimulants Market by, Type
6.1 Overview
6.2 Granular
6.3 Liquid
6.4 Powder
7 Global Humic-Based Biostimulants Market by, Crop Type
7.1 Overview
7.2 Oilseeds & Pulses
7.3 Fruits & Vegetables
7.4 Cereals & Grains
7.5 Other Crop Types
8 Global Humic-Based Biostimulants Market by, Application
8.1 Overview
8.2 Soil Treatment
8.3 Seed Treatment
8.4 Foliar Treatment
9 Global Humic-Based Biostimulants Market by, Geography
9.1 Overview
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia
9.4.6 New Zealand
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 Qatar
9.6.4 Iran
9.6.5 South Africa
9.6.6 Rest of Middle East & Africa
10 Key Developments
11 Company Profiling
11.1 Biolchim S.p.A.
11.1.1 Business Overview
11.1.2 Product/Service Offering
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Activities
11.2 Black Earth Humic LP
11.3 FMC Corporation
11.4 Grow More, Inc.
11.5 Humintech GmbH
11.6 Novihum Technologies GmbH
11.7 Sapec Agro Business
11.8 Sikko Industries Ltd.
11.9 The Andersons, Inc.
11.10 UPL Ltd.
Report Details
SKU Code | : DI1957 |
Industry | : Agriculture |
Region | : Global |
Tables | : 78 |
Format | : Electronic PDF |
Published | : 2023 |
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