Humic-based Bio stimulants Market Segments: By Formulation (Liquid, Water-soluble powders, Water-soluble granules and Other); By Type (Humic acid, Fulvic acid and Potassium humate); By Application (Foliar treatment, Seed treatment and Soil treatment); and Region - Analysis of Market Size, Share & Trends for 2014 - 2020 and Forecasts to 2030
[ 170 + Pages Research Report ] Humic-based Biostimulants Market to surpass USD 900 million by 2030 from USD 502 million in 2020 terms of value growing at a CAGR of 10.6% throughout the forecast period, i.e., 2020-30.
Biostimulant is a naturally derived additive or microorganism applied to crops to enhance nutrition efficiency, abiotic stress tolerance, and crop quality. Biostimulants are applied to plants such as fruits & vegetables, oilseeds & pulses, cereals & grains, and turfs & ornamentals. There are different methods to apply Biostimulants to the plants, including foliar treatment, soil treatment, and seed treatment. During foliar feeding, Biostimulants are used on parts that are visible above the ground and are considered an essential part of crop production, especially on horticultural crops. Soil treatment with Biostimulants is provided to the degraded soil to enhance the soil quality for agriculture. Seed treatment aims to reduce disease development from seed-borne fungi, that are present within seeds, without affecting the viability and germination capacity of the seed. There are numberers of active ingredients used in Biostimulants such as humic substances, seaweed extracts, amino acids, microbial amendments, and many more.
Humic-based Biostimulants Market to surpass USD 900 million by 2030 from USD 502 million in 2020 terms of value growing at a CAGR of 10.6% throughout the forecast period, i.e., 2020-30. Due to associated benefits and an increase in the need for sustainable agriculture and reduced exploitation and wastage of traditional synthetic fertilizers, the humic-based Biostimulants industry has been gaining momentum. The simple availability of raw materials for humic-based Biostimulants such as humic acid also draws attention to the production of new and successful active ingredients in Biostimulants by key players on the market. Over the forecast period, increased emphasis on improving productivity, coupled with rapid soil degradation, is likely to drive the demand.
Humic-based Biostimulants Market is segmented by application as Foliar treatment, Seed treats, meant, and Soil treatment. The foliar application technique segment is estimated to lead the market with a share of XX.X% in 2019. In the foliar treatment of plants, to promote easier absorption of nutrients, the chemical is directly applied to the leaves. Absorption through the epidermis and stomata is carried out to make it easier to submit, Biostimulants advertised for foliar treatment are mainly sold in liquid form. One of the main active ingredients used for foliar application in these products is glycine betaine, chelated nutrients, and IPA molecules. The treatment helps leaves to consume nutrients faster, improves nutrient absorption, and increases cellular activity. As opposed to traditional spraying methods, seed treatment is among the most cost-effective applications. The therapy is both performance-efficient and not as labor-intensive as other therapies.
Humic-based Biostimulants Market is segmented by type into Humic acid, Fulvic, acid, and Potassium humate. The SaaS model segment accounted for the largest revenue share of XX.X% in 2019. Humic acid is readily available in the soil's humic content. This improves the soil's microbial activity, increasing the health of the soil. It also helps nutrient uptake, and water absorption, and also battles against different pests. It is therefore expected that the segment of humic acid will expand in the future. Fulvic, humic, and amino acid-based products are included in the acid-based section. Amino acids are among the key originators of phytohormones and help to stimulate plant metabolic processes and germinate seeds. Fretting, flowering, pollination, and fruit production in the plant are stimulated by them. Naturally occurring humic compounds are end products arising from the decomposition of microorganisms such as bacteria and fungi and the chemical degradation of soil residues of animals and plants.
Demand for the adoption of sustainable solutions
There is tremendous pressure exerted to grow crops with high-quality yields to satisfy the growing demand for food. By offering protection against stress and thus promoting the growth of the plant, humic-based Biostimulants can resolve this problem sustainably. Due to rising consumer awareness of the benefits of organic foods, the introduction of organic legislation, and the adoption of Global Sustainable Agricultural Practices policies, the demand for Biostimulants is expected to rise in the coming years. In improving the physicochemical, chemical, and biological properties of the soil, humic-based Biostimulants can play an important role.
Lack the authenticity of biostimulant products
In different countries, the lack of clarity in patent security laws has contributed to the proliferation of low-quality goods. The regulatory structure for Biostimulants, which was ambiguous among several regulatory bodies worldwide, allowed these duplicate products to be launched. Although the market for humic-based Biostimulants has reduced entry barriers and has allowed many competitors to begin operations, the nature of the market has become fragmented into smaller market holding pockets
Koppert B.V. (Netherland)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.
Humic-based Biostimulants Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Humic-based Biostimulants Market in North America led the market with a lion's share of XX.X in 2019 and is projected to maintain its lead over the forecast period. Due to various technological advances, the agricultural industry in Asia especially in the countries of Southeast Asia is witnessing an effective transformation. The factors that are projected to drive the market for humic-based Biostimulants in this area are the increase in agricultural practices and the demand for agricultural products that can meet international standards. High-quality Biostimulants have been developed and different new bioactive molecules have been patented. Asian countries are turning to sustainable agriculture, such as China, Japan, and the southeast. The demand for humic-based Biostimulants in the area is therefore strong.
The Humic-based Biostimulants market, which is highly competitive, consists of several major players such as Bayer AG (Germany), FMC Corporation (US), UPL Ltd (India), Borregaard (Norway), Koppert Biological Systems (Netherlands), Valagro SpA (Italy), Biochim SpA (Italy), Haifa Group (Israel) hold a substantial market share in the Humic-based Biostimulants market. Other players analyzed in this report are Sikko International Ltd (India), Novihum Technologies GMBH (Germany), Humintech GMBH (Germany), Qingdao Future Group (China), Promisol (Spain), Bioline (Canada), Humic Growth Solutions (Florida), Actagro (US), Rovensa (Portugal), Tagrow (China), CIFO (Italy), Loveland (US) among others.
Key players are adopting inorganic growth strategies such as product launches in the global nutritional supplement market. For instance, In July 2019, Valagro announced a research collaboration with Marrone Bio Innovations (US) to leverage their assets to develop plants that can thrive under harsh conditions, grow with more vigor, and have better root systems.
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Humic-based biostimulants Market Segments:
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