Humic-based Biostimulants Market Forecasts to 2028 – Global Analysis By Product Type (Humic Acid, Potassium Humate and Other Product types), Form(Dry and Other Forms) Crop Application (Agriculture and Other Crop Applications ) Origin (Natural Biostimulant

Humic-based Biostimulants Market Forecasts to 2028 – Global Analysis By Product Type (Humic Acid, Potassium Humate and Other Product types), Form(Dry and Other Forms) Crop Application (Agriculture and Other Crop Applications ) Origin (Natural Biostimulants and Other Origins) Application, End User and By Geography

According to Stratistics MRC, the Global Humic-based Biostimulants Market is accounted for $651.79 million in 2022 and is expected to reach $1321.37 million by 2028 growing at a CAGR of 12.5% during the forecast period. Biostimulants are the kind of products which helps in enhancing the life of plants in requisite of the growth and yield. The Biostimulants has the potential to boost the stress tolerance of plant that may be in conditions of disease or drought. It is helpful for the plants to amplify their ability to absorb water and it leads to better plant growth. The Biostimulants products are found to be satisfying the gap between bio-fertilizers and pesticides as it can help the plant in both activities. They provide various benefits such as improved germination and root growth, leading to robustness and greater stress resistance, thus enhanced root system promotes more competent nutrient and water uptake and translocation throughout the growing season, which helps in boosting the market growth.

According to FiBL, the organic area share of total farmland in Europe increased from 3.1% in 2018 to 3.4% in 2020. Similarly, the organic area share of total farmland in Latin America increased from 1.1% in 2018 to 1.4% in 2020. As organic food products are produced without using any pesticide or fertilizer, the demand for Biostimulants is rising. Consequently, the increasing popularity of organic farming drives the demand for Biostimulants.

Market Dynamics:

Driver:

Sustainability of Humic-based Biostimulants

Humic-based Biostimulants is a potential approach for achieving sustainable agriculture since they are often regarded as a renewable source of plant nutrients, encourage crop production and soil health, and have become a very important element in integrated crop and soil management. There has been a growing interest in the potential use of Biostimulants to enhance nutrient use efficiency, or tolerance to abiotic stress, crop quality.


Restraint:

Lack of awareness among farmers

Humic-based Biostimulants have not been controlled under any standard category yet across the world. At present, biostimulants do not have any precise class with a steady global definition. For example, they are considered plant strengtheners or growth enhancers in some regions, whereas they are well thought-out additives in other regions. There is a lot of uncertainty and lack of awareness among farmers regarding the humic-based biostimulants; this can be restraining the growth of the humic-based biostimulants market.

Opportunity:

Growing organic production practices

Humic-based Biostimulants are a vital feature for promoting organic practices in the outlook of agricultural industry. Biostimulants help enhance the soil microflora, which, helps make the uptake of nutrients more competent. Owing to the health perception among consumers around the globe, the preference towards organic food is mounting for avoiding adverse health effects caused by chemical preservatives or hereditarily modified ingredients of inorganic food. This creates major opportunities for the growth of the global humic-based biostimulants market during the forecast period.

Threat:

Ambiguity in the regulatory structure of biostimulants

The regulatory structure for biostimulants is unclear across many regulatory bodies worldwide. Due to this, many times, duplicate and fake products have entered the market, this has led to a lack of transparency in patent protection laws in several countries, resulting in the prevalence of low-quality products in many regions, this can be a major threat for the growth of the global humic-based biostimulants market.

Covid-19 Impact

The COVID-19 pandemic on the global market has been negligible, particularly because of supply chain disturbance. Many consumers have adopted a healthy lifestyle during the outbreak of COVID-19, because of which the demand for organic food products has gained more importance hence the command for biological materials has boosted. The barriers forced by the government have although not affected the agriculture sector much, with the manufacturing plants operating impeccably even during lockdowns.

The humic acid segment is expected to be the largest during the forecast period

The humic acid segment is estimated to have a lucrative growth, because it is easily available in the humic matter of soil, improves and optimizes uptake of nutrients and water holding capacity. Moreover, it increases the microbial activity in the soils, improving the soil health and enables the uptake of nutrients, absorption of water, and also fights against various pests. For instance, in crops like potato, humic acid increases the tuber count and size of the crop.

The foliar treatment segment is expected to have the highest CAGR during the forecast period

The foliar treatment segment is anticipated to witness the fastest CAGR growth during the forecast period. Foliar feeding is a technique of feeding plants by applying humic- based biostimulants directly to the leaves. In addition, foliar treatment is the most efficient way to feed the crop and stimulate the root development and reduce the deficiency of the nutrients that are required, which helps better control the growth of the crop, thus encouraging the growth of the market.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the wide range of technical advancements occurrence in the region. The increasing agricultural practices and growing demand for agricultural products meet international standards. Moreover, Asian countries, such as Japan, China, and India, are readily shifting toward sustainable agriculture. These are some of the factors expected to drive the growth of the humic-based biostimulants market in this region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the increasing significance of sustainable agriculture advancement among customers and the growing progress of new pioneering products targeting specific agronomic needs. The sturdy agricultural sector of Europe makes it one of the foremost consumers of humic-based biostimulants. The increasing need for high production yield, and quality parameters and increasing land degradation, strengthens the demand for engaging in clean and sustainable solutions in this region.

Key players in the market

Some of the key players profiled in the Humic-based Biostimulants Market include Bayer AG, Borregaard, Koppert Biological Systems, FMC Corporation , Eastman Chemical Company, LALLEMAND Inc, Haifa Group, Valagro SpA, Brandt Consolidated, Novozymes , Biostadt India Limited, and Biolchim SpA.

Key Developments:

In Nov, 2022, Koppert announced the introduction of nematode solutions for agricultural pests. They are a fast and effective biological solution to control a broad range of pests in top fruit, stone fruit, soft fruit, potatoes and several outdoor vegetables.?

In July, 2022 FMC Corporation completes acquisition of BioPhero ApS. FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment.With this acquisition both FMC Corporation and BioPhero ApS gains mutual strength.

In July 2019, Valagro announced 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.

Product Types Covered:
• Humic Acid
• Potassium Humate
• Fulvic Acid
• Other Product types

Forms Covered:
• Dry
• Liquid
• Other Forms

Crop Applications Covered:
• Agriculture
• Other Crop Applications

Origins Covered:
• Extrusion
• Natural Biostimulants
• Synthetic Biostimulants
• Other Origins

Applications Covered:
• Foliar Treatment
• Soil Treatment
• Seed Treatment
• Other Applications

End Users Covered:
• Farmers
• Agriculture Industries
• Research Institutes
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements