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Humic Based Biostimulants Market, 2023 Size, Share, Trends, Growth Outlook with Company Analysis and Forecast to 2032
Humic Based Biostimulants Global Market
The Business Research Company's Humic Based Biostimulants Global Market Report 2023 identifies Increase in the demand for the adoption of sustainable solutions in farming as the major driver for the Humic Based Biostimulants market's growth in the forecast period. Due to increase in population, there is an immense pressure to produce crops with high-quality yield. According to the spokesperson of Agricen Sciences, an applied sciences research company, commented that there is a rapid growth of biostimulants market in all geographies including the USA and Europe. Furthermore, due to increase in organic farming, the adoption of humic-based biostimulants has increased across the globe.
The global humic based biostimulants market size grew from $0.57 billion in 2022 to $0.65 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The humic based biostimulants market size is expected to grow to $0.99 billion in 2027 at a CAGR of 11.0%.
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Major competitors in the Humic Based Biostimulants market are 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.
A key trend in the Humic Based Biostimulants market includes Innovations in humic-based biosimulants. 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. For instance, HuminTech, a German based humic substances producer, has launched a humic based biostimulant with iron chelation. The product can be used to prevent and correct iron deficiency symptoms in plants, along with increasing the resistance of plants to abiotic stress factors.
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The Humic Based Biostimulants market is segmented -
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Humic Based Biostimulants market.
The Business Research Company's "Global Humic Based Biostimulants Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Humic Based Biostimulants Market Include:
1. Executive Summary
2. Humic Based Biostimulants Market Characteristics
3. Humic Based Biostimulants Market Trends And Strategies
4. Humic Based Biostimulants Market - Macro Economic Scenario
5. Humic Based Biostimulants Market Size And Growth
……
27. Humic Based Biostimulants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Humic Based Biostimulants Market
29. Humic Based Biostimulants Market Future Outlook and Potential Analysis
30. Appendix
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