The Business Research Company’s report on the Humic Based Biostimulants Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the humic based biostimulants industry?
Increase in the demand for the adoption of sustainable solutions in farming is driving the market growth of humic-based biostimulants. Due to increase in population, there is an immense pressure to produce crops with high-quality yield. According to the spokesperson of Agricen Sciences, an applied sciences research company, commented that there is a rapid growth of biostimulants market in all geographies including the USA and Europe. Furthermore, due to increase in organic farming, the adoption of humic-based biostimulants has increased across the globe. For instance, in May 2023, according to the Organic Trade Association, a US-based business association, organic food sales in the United States for 2022 exceeded $60 billion for the first time, marking a significant milestone for the robust organic sector. The total organic sales, which encompass both organic food and non-food products, reached a record-breaking $67.6 billion. Therefore, sustainable solutions coupled with increase in organic farming is expected to drive the humic-based biostimulants during the forecast period.
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What is the estimated market size of the humic based biostimulants sector by 2029, based on current forecasts?
The humic based biostimulants market size has grown rapidly in recent years. It will grow from $0.75 billion in 2024 to $0.85 billion in 2025 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to rise in consumer preference for organic produce, increase in global population, government subsidies and support, expansion of the agriculture industry, increased research and development.
The humic based biostimulants market size is expected to see rapid growth in the next few years. It will grow to $1.46 billion in 2029 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to growing demand for sustainable agriculture, growing food demand, rising awareness aboutThe importance of crop protection, rise in disposable income. Major trends in the forecast period include customized formulations, biostimulants for non-food crops, biostimulant combinations, collaboration and partnership.
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#Who are the top players in the 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.
#What are the major trends in the humic based biostimulants market?
Innovations in humic-based biosimulants such as chelation with different minerals is shaping the humic-based biostimulants market. Companies across the globe that are working on a wide variety of agricultural solutions with chelated additional minerals to enhance the nutraceutical nature of crops and plants. For instance, HuminTech, a German based humic substances producer, has launched a humic based biostimulant with iron chelation. The product can be used to prevent and correct iron deficiency symptoms in plants, along with increasing the resistance of plants to abiotic stress factors.
Which geography holds the highest humic based biostimulants market share?
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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How do different segments contribute to the overall expansion of the humic based biostimulants market?
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
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How is the humic based biostimulants market defined, and what are its core characteristics?
Humic-based biostimulants are organic substances derived from humic substances, which are naturally occurring compounds found in soil, peat, and coal. These biostimulants are used in agriculture to enhance plant growth, improve soil health, and increase crop yields. Humic based biostimulants are commonly used in horticulture.
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