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Global Humic Based Biostimulants Market Worth $1.43 Billion by 2029, Growing at 14.2% CAGR
Humic Based Biostimulants
Humic Based Biostimulants Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size of humic based biostimulants has experienced speedy expansion in the recent past. The growth of this market is forecasted to escalate from $0.75 billion in 2024 to $0.84 billion in 2025 with a compound annual growth rate (CAGR) of 12.6%. The historical growth has been significantly influenced by factors such as rising consumer inclination towards organic products, a surge in global population, government grants and assistance, expansion of the agricultural sector and advanced research and development.
What Is the Expected CAGR for the Humic Based Biostimulants Market Growth Through 2029?
In the coming years, the market size of humic based biostimulants is anticipated to witness accelerated growth, surging to $1.43 billion in 2029 with a compound annual growth rate (CAGR) of 14.2%. The expansion during the forecast period can be credited to the increasing need for sustainable agriculture, growing food requirements, heightened awareness about crop protection and a surge in disposable income. The major trends expected during this period encompass customized formulations, application of biostimulants to non-food crops, mixing of biostimulants and collaborative ventures and partnerships.
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What Are the Primary Drivers Behind Humic Based Biostimulants Market Growth?
The humic-based biostimulants market is growing, buoyed by a rising demand for sustainable farming solutions. The drive to produce high-quality crops is growing due to escalating population. This point has been echoed by a representative of Agricen Sciences, an applied sciences research company, who noted the sharp rise in the biostimulants market across all territories, including the USA and Europe. The increase in organic farming worldwide has boosted the usage of humic-based biostimulants. For instance, in May 2023, the Organic Trade Association, a US business association, reported that the sale of organic food in the United States had surpassed the $60 billion mark for the first time in 2022, a significant achievement for the robust organic sector. The total organic sales, comprising both organic food and non-food items, achieved a record-breaking $67.6 billion. As a result, the combination of sustainable solutions and the growth in organic farming is projected to fuel the humic-based biostimulants market in the forecast period.
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What Are the Key Segments Driving Humic Based Biostimulants Market Growth?
The humic based biostimulants market covered in this report 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 And Vegetables, Oilseeds
4) By End-User: Farmers, Related Industries, Research Institutes
Subsegments:
1) By Fulvic Acid: Liquid Fulvic Acid Formulations, Powdered Fulvic Acid Products
2) By Humic Acid: Liquid Humic Acid Formulations, Granular Humic Acid Products
3) By Potassium Humate: Soluble Potassium Humate, Granular Potassium Humate
What Are the Technological Trends Impacting the Humic Based Biostimulants Market?
Advancements in humic-based biosimulants, such as mineral chelation, are molding the trajectory of the humic-based biostimulants market. Global enterprises focused on a broad range of agricultural solutions are utilizing chelated added minerals to augment the nutraceutical characteristics of plants and crops. For example, HuminTech, a Germany-situated producer of humic substances, has introduced a humic-based biostimulant incorporating iron chelation. This product can be employed not only to rectify and prevent symptoms of iron deficiency in plants, but also to boost their tolerance to abiotic stress elements.
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Who Are the Major Competitors in the Global Humic Based Biostimulants Market?
Major companies operating in the humic based biostimulants market include Syngenta AG, 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 LLC, Rovensa S.A., Tagrow, Cifo S.P.A., Loveland Industries Inc., Eastman Chemical Company, OMEX Agricultural Holdings Limited, LALLEMAND Inc., Agrinos AS, Brandt Consolidated Inc., Koppert Biological Systems B.V., Valagro S.p.A., Marrone Bio Innovations Inc., Novozymes A/S, Biovert S.L., Black Earth Humic LP, Nutri-Tech Solutions Pty. Ltd., Biostadt India Limited, Bioiberica S.A.U., Fertiplus International BV, BioAtlantis Ltd.
Which Region Dominates the Humic Based Biostimulants Market Share in 2025?
North America was the largest region in the humic-based biosimulants market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the humic based biostimulants market market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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