Artificial Humus Market By Form (Powder, Liquid, Granules), By Application (Agriculture, Horticulture, Ornamental and Flowers, Seed Treatment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The Artificial Humus Market valued for $169.6 million in 2021 and is estimated to reach $314.3 million by 2031, exhibiting a CAGR of 6.5% from 2022 to 2031.
The demand for organic food has increased tremendously over the past few years due to health concerns. Also, the rise in population surged the demand for food across the globe. Artificial humus is widely used in agriculture due to its excellent properties.
Food is essential to life. The population of the world has multiplied over the past century and will continue to grow by 2030 and 2050. Future food demand will increase due to the growing global population. According to the Food and Agricultural Organization of the United Nations (FAO), the global food production will need to increase by 70% if the population reaches 9.1 billion by 2050. Artificial humus plays a crucial role in the production of crops with good yields. Humus contains many useful nutrients for healthy soil. One of the most important is nitrogen. Nitrogen is a key nutrient for most plants. Agriculture depends on nitrogen and other nutrients found in humus. The ability to absorb and hold moisture is provided by humus to the soil. Such soils do not dry out and require a lot less irrigation. Moreover, rhizobacteria, which is crucial for all legume nodulation, as well as other well-known bacteria, like the phosphate solubilizing bacteria, are supported by humus. Owing to these advantages of humus, the production of crops is increased immensely to meet the demand for food globally. This in turn has boosted the growth of the artificial humus market.
Moreover, the demand for horticulture practices is increasing leading to the high usage of artificial humus. In order to produce crops with a high yield and good quality in a short amount of time, such as in greenhouses, it is necessary to create suitable microclimates that allow for year-round or seasonal agriculture. Artificial humus provides all the favorable conditions required for the production of flowers, vegetables and fruits.
Furthermore, the development of an ideal growing medium (soil or substrate) with the necessary physical, chemical, and biological qualities is equally as vital as the optimization and regulation of environmental parameters typically employed, such as temperature, light, carbon dioxide, and relative humidity. The application of humic acid-based products helps to prepare a desirable growing medium by providing good porosity, raising cation exchange capacity (CEC), and enhancing biological activity. As a result, the growing medium has good aeration, is easier for roots to penetrate, stores nutrients and water more effectively, buffers pH against severe ranges, and has lower salinity. For instance, a well-developed root system improves a plant's ability to absorb nutrients as well as its resistance to disease.
The artificial humus market is segmented on the basis of form, application and region. On the basis of form, artificial humus market is segmented into powder, liquid and granules. On the basis of application, the artificial humus market is segmented into agriculture, horticulture, ornamental & flowers, seed treatment, and others. The regional market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include Humusolver, The Fertrell Company, Ohio Earth Food, Novihum Technologies GmbH, Humintech, Organic Approach, LLC., Nature's Force Organics, FAUST BIO-AGRICULTURAL SERVICES, INC., Nutri-Tech Solutions Pty Ltd. and AGBEST TECHNOLOGY CO.,LIMITED. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares.
IMPACT OF COVID-19 ON THE GLOBAL ARTIFICIAL HUMUS MARKET
During the COVID-19 pandemic Cases of shortages and/or surpluses, a lack of the availability of labor, and a reduction in demand for some food products and flowers have occurred. New food production approaches have emerged and a reconnection between farmers and consumers has been spreading, thereby facilitating product distribution.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the artificial humus market analysis from 2021 to 2031 to identify the prevailing artificial humus market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the artificial humus market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global artificial humus market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Form
Powder
Liquid
Granules
By Application
Agriculture
Horticulture
Ornamental and Flowers
Seed Treatment
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
South Arabia
Rest of LAMEA
Key Market Players
Humusolver
The Fertrell Company
Ohio Earth Food
Novihum Technologies GmbH
Humintech
Nature's Force Organics
FAUST BIO-AGRICULTURAL SERVICES, INC.
Nutri-Tech Solutions Pty Ltd.
Organic Approach, LLC.
AGBEST TECHNOLOGY CO.,LIMITED
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