Press release
Humic Based Biostimulants Market to Witness Growth Acceleration by Top Key Players – Syngenta Group; Biolchim S.P.A; FMC Corporation; Haifa Group
The Global Humic Based Biostimulants Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborating market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Humic Based Biostimulants market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.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 market is expected to reach $807.64 million in 2025 at a CAGR of 10.4%.
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Top Companies in the Global Humic Based Biostimulants Market: 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
Industry Updates:
In October 2020, Syngenta Group, through its business unit Syngenta Crop Protection, a global agricultural science and technology company, acquired Valagro, a leading producer of innovative biologicals, for an undisclosed amount. The acquisition will strengthen Syngenta Crop Protection Biologicals business. Valagro has a well-established portfolio in bio stimulants and specialty nutrients will also support Syngenta Group.
Market Overview:
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.
The main types of humic-based biosimulants are fulvic acid, humic acid and potassium humate. Humic acid is a group of molecules that bind to, and help plant roots receive, water and nutrients. Fulvic acid is a product of decomposition and formed through geochemical and biological reactions, such as the breakdown of food in a compost heap. Potassium humate is the potassium salt of humic acid. Humic-based biosimulants are available in liquid, water-soluble granules, water-soluble powders and applicable for agriculture, cereals, fiber crops, fruits & vegetables, oilseeds and used by farmers, related industries and research institutes.
Segmentation:
Markets Covered: 1) By Type: Fulvic Acid; Humic Acid; Potassium Humate
2) By Type Of Formulation: Liquid; Water-Soluble Granules; Water-Soluble Powders
3) By Mode of Application: Agriculture; Cereals; Fiber Crops; Fruits & Vegetables; Oilseeds
4) By End-User: Farmers; Related Industries; Research Institutes
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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- Assess the production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the Humic Based Biostimulants market.
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