The global humic-based biostimulants market is forecast to reach a market size of USD 1,037.5 Million by 2027, and register a significantly high CAGR over the next seven years, according to a new report by Reports and Data. Growing demand for humic-based biostimulants can be attributed to growing demand for high crop yield.
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Humic-based biostimulants find wide application in organic farming, greenhouse vegetable production, and horticulture. Humic-based biostimulants comprising humic and fulvic acid aid in stimulating plant growth, boosting plant height, increasing fresh/dry weight, and improving nutrient absorption. Humic-based biostimulants possess very high water-retentive capability, allowing easy accessibility of soil nutrients to plant roots for better yield.
The COVID-19 impact
Humic-based Biostimulants industry was largely spared from the impact of COVID-19 pandemic. Any influence of the pandemic on the industry was due to reduction in production caused by labor shortage and product supply due to supply chain disruption. As the condition eased, demand for humic-based biostimulants resumed
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.Key players include:
- Sikko Industries Ltd.
- Haifa Group
- Bayer AG
- FMC Corporation
- Humintech GmbH
- Biolchim SpA, UPL Limited
- Koppert Biological Systems
- and Valagro SpA.
The Humic-based biostimulants market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Canola Protein Market.
The global Humic-based biostimulants market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Type Outlook (Revenue, USD Million; 2017-2027)
- Humic Acid
- Fulvic Acid
- Potassium Humate
Formulation Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
- Foliar Treatment
- Seed Treatment
- Soil Treatment
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Key Questions Addressed in the Report:
- In the forecast period, which market segment is expected to rise the most?
- What are the dominating factors that are influencing the growth of the industry?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
Table of contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Humic-based Biostimulants Market Segmentation & Impact Analysis
4.1. Humic-based Biostimulants Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
126.96.36.199. Growing demand for high crop yield
188.8.131.52. Decrease in arable lands
184.108.40.206. Growing population
220.127.116.11. Increasing demand for biostimulants in agriculture
4.2.3. Market restraints analysis
18.104.22.168. High R&D cost
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
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