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Humic-based Biostimulants Market worth $1,683.51 million by 2030, growing at a CAGR of 10.42% - Exclusive Report by 360iResearch
Humic-based Biostimulants Market | 360iResearch
The Global Humic-based Biostimulants Market to grow from USD 840.71 million in 2023 to USD 1,683.51 million by 2030, at a CAGR of 10.42%.
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Humic acid-based biostimulants are increasingly used in agriculture and horticulture to increase crop productivity and improve crop health. Conventional agricultural practices, such as the extensive use of chemical products, including fertilizers and pesticides, adversely impact the environment and human health by gradually increasing water pollution and soil degradation. Therefore, humic-based biostimulants became essential to enhance the sustainability of agricultural production systems by preserving soil fertility and minimizing the adverse environmental impact of current farming practices. However, lack of standardization in the production and labeling issues can hamper the use of humic-based biostimulants by the end-use sectors. The ongoing research & development (R&D) activities and favorable government support for organic farming practices are expected to create lucrative opportunities for the utilization of humic acid-based biostimulants by the agriculture sector worldwide.
Europe, the Middle East, and Africa cover a rapidly growing humic-based biostimulant market due to implementation of favorable government regulations for organic crop production. The ongoing research & development (R&D) activities in biostimulants for specific agricultural requirements and needs have raised the market scope in the region. The rapid shift toward the organic agriculture sector in the American region has increased the adoption of humic-based biostimulants. Moreover, market players have introduced novel humic-based biostimulants in the Americas with a rapid inclination toward sustainable and effective solutions for improving crop yields. These factors have expanded the use of humic-based biostimulants. In the Asia-pacific region, intense agricultural practices, specifically in India and China, have decreased the nutritional content in the soil. As a result, several agricultural authorities, such as Food and Agriculture Organization (FAO), have augmented the need for organic farming practices, which is expected to increase the utilization of humic-based biostimulants in the forecast period.
Market Segmentation & Coverage:
This research report categorizes the Humic-based Biostimulants Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type of Formulation, market is studied across Liquid, Water-Soluble Granules, and Water-Soluble Powders. The Water-Soluble Granules is projected to witness significant market share during forecast period.
Based on Type, market is studied across Fulvic Acid, Humic Acid, and Potassium Humate. The Humic Acid is projected to witness significant market share during forecast period.
Based on Mode of Application, market is studied across Basal Dose Application, Drip Irrigation, Foliar Application, Root Dip Treatment, and Seed Treatment. The Foliar Application is projected to witness significant market share during forecast period.
Based on Crop Application, market is studied across Cereals & Millets, Fibre Crops & Sugar Crops, Flowers & Ornamentals, Fruits & Vegetables, Pulses & Oilseeds, and Spices & Medicinal Crops. The Spices & Medicinal Crops is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Humic-based Biostimulants Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Humic-based Biostimulants Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Humic-based Biostimulants Market, highlighting leading vendors and their innovative profiles. These include Advanced Nutrients Ltd., Agritell Private Limited, Bayer AG, BHAGWATI CHEMICALS, Biostadt India Limited, Borregaard AS, Changsha Richfield Agri Tech.,Ltd., Cifo Srl, FMC Corporation, Grower's Secret, Inc., Haifa Group, Hello Nature, Inc., Humic Growth Solutions Inc., HUMINTECH GmbH, Isagro Group by Gowan LLC, Landowner Products Limited, Live Earth Products, Inc., Novihum Technologies GmbH, Novozymes A/S, Omex Group, Peptech Biosciences Ltd., Plant Doctor, Shandong Yihang Import and Export Co. Ltd., Swissgrow AG, Trade Corporation International, S.A., UPL Limited, VALAGRO S.p.A., Yara International ASA, and Zhengzhou Shengda Khumic Biotechnology Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Humic-based Biostimulants Market, by Type of Formulation
7. Humic-based Biostimulants Market, by Type
8. Humic-based Biostimulants Market, by Mode of Application
9. Humic-based Biostimulants Market, by Crop Application
10. Americas Humic-based Biostimulants Market
11. Asia-Pacific Humic-based Biostimulants Market
12. Europe, Middle East & Africa Humic-based Biostimulants Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Humic-based Biostimulants Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Humic-based Biostimulants Market?
3. What is the competitive strategic window for opportunities in the Humic-based Biostimulants Market?
4. What are the technology trends and regulatory frameworks in the Humic-based Biostimulants Market?
5. What is the market share of the leading vendors in the Humic-based Biostimulants Market?
6. What modes and strategic moves are considered suitable for entering the Humic-based Biostimulants Market?
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