Global Humic-based Biostimulants Market Analysis, Emerging Trends, Growth Drivers, Key Segments, Leading Players, and Revenue Forecast

Humic-based Biostimulants Market Size, Share, Industry Growth Analysis, Trends Report by Type (Humic Acid, Fulvic Acid, Potassium Humate), Application (Seed Treatment, Soil Treatment, Foliar Spray), Form, Crop Type, and Region (North America, Europe, APAC South America, Row) - Global Forecast to 2027
The global Humic based biostimulants market [https://www.prnewswire.com/news-releases/humic-based-biostimulants-market-worth-1-184-million-by-2027--exclusive-report-by-marketsandmarkets-301725628.html] size was valued at USD 686 million in 2022. The humic-based biostimulants industry is projected to reach USD 1,184 million by 2027, growing at a CAGR of 11.5% during the forecast period 2022-2027. The humic-based biostimulants market has grown rapidly worldwide, and to meet the population's requirements, industries and research have effectively incorporated various innovative products and ingredients. The demand from farmers and consumers for organic products that provide alternatives to synthetic inputs is also boosting the market's growth. Humic substances are a rich energy source beneficial soil microorganisms can readily utilize. The key function of humic substances is their water-holding capacity. Humic substances reduce soil pH and liberate carbon dioxide. They also help stabilize soil temperature and water evaporation and facilitate the uptake of nutrients. The application of dry or liquid humic substances to soil increases the efficiency of fertilizers. In addition, applying these substances may reduce the requirement for fertilizers and retain the fertilizers applied near the plant rooting zone for a longer time.

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Rising Demand for Organic High-Value Crops in Developed Economies

The growing popularity of organic products has fueled a consistent rise in demand, particularly for high-value crops. Organic farming supports the production of high-quality, certified, and environmentally safe food, offering economic and ecological benefits while preserving ecosystems. This trend aligns with increased consumer interest in organic agricultural practices. High-value crops-such as fruits, vegetables, meat, eggs, milk, and fish-are characterized by their high economic return per unit. Factors such as rising incomes, urbanization, and greater awareness of health benefits associated with fruits and vegetables are driving demand for these crops.

Challenges from Agricultural Land Decline

Rapid industrialization and urbanization have significantly reduced arable land, posing challenges to global food production. This limitation is compounded by increasing population growth and the corresponding need for higher yields. Urban expansion and industrial competition for natural resources are worsening the situation, with arable land expected to continue declining. Natural disasters further exacerbate the problem by reducing agricultural output, causing financial losses for farmers and disrupting the broader food value chain. Moreover, climate change induces biotic and abiotic stresses that harm crop growth. To address these challenges, humic-based biostimulants, including humic and fulvic acids, have emerged as effective solutions. These compounds improve plant resilience to heat, salinity, and drought, thereby promoting sustainable agriculture.

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Technological Advancements in Biostimulants Production

Biostimulants are substances applied to plants or soil to enhance nutrient uptake and improve crop yield and quality. Initially used for high-value crops such as fruits, vegetables, ornamentals, and plantation crops, biostimulants are now gaining traction in traditional food crops like corn, wheat, and rice. Acting as complements to fertilizers; they facilitate better nutrient absorption and align well with integrated crop management systems. This compatibility reinforces their role in advancing sustainable agricultural practices.

Asia-Pacific dominates the Humic-based Biostimulants Market Share [https://www.globenewswire.com/news-release/2024/08/22/2934192/0/en/Humic-based-Biostimulants-Market-is-Expected-to-Grow-1-184-million-by-2027.html]

The Asia-Pacific region, home to the world's largest population, plays a pivotal role in agricultural trade and biologicals. Key plantation crops such as tea, rubber, palm oil, coconuts, and sugarcane dominate the region. The demand for modern agricultural practices to meet the food needs of a growing population is a major driver of market expansion. Countries like India, China, Indonesia, Japan, and Australia are significant consumers of agricultural inputs, including humic-based biostimulants. These are extensively used in cultivating key commodities such as cotton, sugarcane, fruits, vegetables, and cereals. Moreover, emerging economies in East and Southeast Asia are contributing to the region's agricultural trade growth, with notable exports including fruits, vegetables, cereals, tea, coffee, and cotton.

Leading Humic-based Biostimulants Companies [https://www.marketsandmarkets.com/ResearchInsight/humic-based-biostimulants-market.asp]:

The key players in this market include Koppert (Netherlands), Valagro SpA (Italy), Biolchim S.p.A (Italy), FMC Corporation (US), Haifa Group (Israel), UPL Ltd. (India), Bayer AG (Germany), SIKKO industries ltd (India), NOVIHUM Technologies GmbH (Germany), HUMINTECH GMBH (Germany), and BORREGAARD (Norway).

UPL is among the emerging players in providing crop solutions designed to meet the long-term supply of food. The company offers technologies for seeds, crop protection, plant stress & stimulation, post-harvest, soil & water, and aquatic plants. The acquisition of Arysta LifeScience Inc. (Japan) in 2019 for USD 4.2 billion has enabled the company to enhance its position among the global leaders in agricultural solutions. The company is ranked fifth among the global players in crop protection product players. The company has been focusing closely on crop solutions that would cater to the growing trend for sustainable agriculture. The products offered by the company are classified into various segments, such as soil conditioners, plant growth regulators, insecticides, fungicides, herbicides, seed treatment, biocontrol, biostimulants, and acaricides. UPL's acquisition of Arysta LifeScience encompasses all the key active ingredients in the humic-based biostimulants market. This acquisition positioned the company well in the biostimulants market. UPL's investment in the Open Ag research platform to enhance its product sustainability until 2030 is estimated to drive its growth.

FMC has business segments of herbicides, insecticides, plant health, fungicides, and others. It is an agriculture sciences company that is among the leading manufacturers and distributors of innovative agrochemicals and lithium products for industries such as crop protection, plant health, and professional pest and turf management. They provide various products, including herbicides, fungicides, insecticides & miticides, plant growth regulators, AT-plant, harvest aids and precision platforms. FMC Corporation has agreed to acquire BioPhero to expand its biological platforms. For more than 130 years, FMC has been rooted in agriculture and innovation. The company's European Innovation Centre has been working on R&D activities focused on producing new bioinsecticides, bionematicides, biofungicides, and biostimulants. These biological products feature new modes of action and sustainability profiles. The company has operations in North America, Europe, South America, the Middle East, and Asia Pacific, with most sales concentrated in the European, North American, and Asian regions. In 2021, FMC Corporation entered a strategic collaboration with Novozymes to co-develop and commercialize biological enzyme-based crop protection solutions targeting fungal and insect pests.

Key Questions Addressed by the Humic-based Biostimulants Market Report [https://www.marketsandmarkets.com/ResearchInsight/size-and-share-of-humic-based-biostimulants-market.asp]:

What is the humic-based biostimulants market?

What are the key drivers of growth in the humic-based biostimulants market?

Which regions dominate the humic-based biostimulants market?

What are the primary applications of humic-based biostimulants?

What are the major types of humic-based biostimulants?

Who are the key players in the humic-based biostimulants market?

What are the main challenges in the humic-based biostimulants market?

What is the projected growth rate of the humic-based biostimulants market?

What are the emerging trends in the humic-based biostimulants market?

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