Humic-based Biostimulants Market by Type, Form, Mode of Application, Crop Application

Description

List of Tables

[198 Pages Report] The Humic-based Biostimulants Market size was estimated at USD 840.72 million in 2023 and expected to reach USD 921.77 million in 2024, at a CAGR 10.42% to reach USD 1,683.54 million by 2030.

Humic-based biostimulants are natural substances derived from humus, the major organic fraction of soil, peat, or coal. They are composed primarily of humic and fulvic acids. These biostimulants are used in agriculture to enhance plant growth, vigor, yield, and resilience by improving nutrient uptake and enhancing soil fertility. There is a growing trend and preference towards sustainable agriculture practices that minimize chemical inputs. Humic-based biostimulants are seen as an eco-friendly option that promotes greater yield without the adverse effects of chemical fertilizers, thereby driving their adoption in agriculture. Many countries are supporting bio-based or organic agricultural inputs through subsidies and regulatory approvals, reflecting a move towards less chemically intensive agriculture, creating a favorable demand for humic-based biostimulants. However, complexities in standardizing the potency and concentration of humic substances complicate application rates and regulatory approvals. Moreover, variability in product quality and inconsistency in the performance of humic-based biostimulants can hinder user confidence and market growth. Innovations in processing and formulating these biostimulants can lead to more consistent and effective products, which can widen their acceptance and application.

KEY MARKET STATISTICS
Base Year [2023]	USD 840.72 million
Estimated Year [2024]	USD 921.77 million
Forecast Year [2030]	USD 1,683.54 million
CAGR (%)	10.42%

Regional Insights

The Americas region, particularly the U.S. and Canada U.S., features a significant market for humic-based biostimulants, driven by the growing awareness of sustainable agricultural practices among farmers and the increasing adoption of organic farming. The trend toward reducing chemical fertilizers and enhancing soil health is fueling the demand for biostimulants. Favorable government support for improving agricultural productivity and maintaining environmental preservation and soil health has shaped the market for humic-based biostimulants in the Americas region. The European Union has been proactive in regulating and encouraging the use of biostimulants as part of its Common Agricultural Policy, focusing on eco-friendly and efficient farming practices. This regulatory support, combined with high consumer awareness regarding the environmental impacts of agrochemicals, has led to broad acceptance and usage of humic-based biostimulants. As one of the largest agricultural producers, APAC sees substantial use of biostimulants, including humic substances, to cope with the extensive stress of agricultural production on soil health. The government's push towards reducing chemical fertilizer usage also acts as a catalyst for the biostimulant market. In many Asian countries, a major part of the population depends on agriculture, driving the need to improve crop yields and mitigate the impacts of poor soil health.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Humic-based Biostimulants Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising adoption of biostimulants across agriculture sector with increasing consumption of organic products
- Growing focus on sustainable and effective solutions for improving crop yields
- Increasing incidents of climate change and soil degradation across the globe

Market Restraints
- High costs associated with humic-based biostimulants

Market Opportunities
- Surge in R&D activities for the development of novel humic-based biostimulants
- Government investment and supportive frameworks for organic farming

Market Challenges
- Lack of standardization in the production and labeling of humic-based biostimulants

Market Segmentation Analysis
- Type: Adoption of humic acid due to its effectiveness in improving nutrient availability and ensuring optimum plant growth
- Mode of Application: Soil application of humic-based biostimulants to improve soil health and structure

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Humic-based Biostimulants Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Humic-based Biostimulants Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Launch of Innovative Biostimulant Range by Bionema Group to Promote Sustainable Agriculture

Bionema Group Ltd, a key figure in biocontrol technologies, introduced a new line of biostimulant products in the UK, aimed at enhancing growth and stress resistance in crops across agriculture, horticulture, forestry, and turf sectors. The biostimulant range encompasses seven innovative products, uniquely blended with natural ingredients such as seaweed extracts, humic and fulvic acids, and other essential nutrients designed for both foliar and root applications. This strategic launch demonstrates Bionema's continuous commitment to innovation and customer support through technical training and tailored application strategies for optimal results. [Published On: 2023-07-28]

LIDA Plant Research Introduces BIOFORCE, A New Line of Advanced Humic-Based Biostimulants

LIDA Plant Research has introduced its BIOFORCE range, an innovative series of biofertilizers that combine superior bioactive substances and beneficial microorganisms to enhance agricultural yields. The lineup includes products such as Rental Bioforce, which uniquely blends humic acids from leonardite, seaweed, and microorganisms such as Trichoderma harzianum and Bacillus. The BIOFORCE range provides enhanced soil vitality, improved nutrient solubilization, and increases atmospheric nitrogen fixation, attracting the customer base. [Published On: 2023-03-06]

Sumitomo Chemical Acquires FBSciences to Bolster Biorational Portfolio

Sumitomo Chemical has acquired FBSciences Holdings, Inc., a biostimulant company based in the United States. FBSciences specializes in developing, manufacturing, and marketing biostimulants and biopesticides tailored for over 50 crops. Sumitomo Chemical aims to enhance its biorational business by leveraging its extensive global network and resources. [Published On: 2023-01-31]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Humic-based Biostimulants Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Humic-based Biostimulants Market, highlighting leading vendors and their innovative profiles. These include Advanced Nutrients Ltd., Agritell Private Limited, Bayer AG, BHAGWATI CHEMICALS, Biostadt India Limited, Borregaard AS, Changsha Richfield Agri Tech.,Ltd., Cifo Srl, FMC Corporation, Grower's Secret, Inc., Haifa Group, Hello Nature, Inc., Humic Growth Solutions Inc., HUMINTECH GmbH, Isagro Group by Gowan LLC, Landowner Products Limited, Live Earth Products, Inc., Novihum Technologies GmbH, Novozymes A/S, Omex Group, Peptech Biosciences Ltd., Plant Doctor, Rovensa Next, Shandong Yihang Import and Export Co. Ltd., Swissgrow AG, UPL Limited, VALAGRO S.p.A. by Syngenta, Yara International ASA, and Zhengzhou Shengda Khumic Biotechnology Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Humic-based Biostimulants Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Fulvic Acid
- Humic Acid
- Potassium Humate

Form
- Dry
- Liquid

Mode of Application
- Drip Irrigation
- Foliar Application
- Seed Treatment
- Soil Application

Crop Application
- Cereals & Millets
- Fibre Crops & Sugar Crops
- Flowers & Ornamentals
- Fruits & Vegetables
- Pulses & Oilseeds
- Spices & Medicinal Crops

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-FB6C9E7928C1

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising adoption of biostimulants across agriculture sector with increasing consumption of organic products
  - 5.1.1.2. Growing focus on sustainable and effective solutions for improving crop yields
  - 5.1.1.3. Increasing incidents of climate change and soil degradation across the globe
- 5.1.2. Restraints
  - 5.1.2.1. High costs associated with humic-based biostimulants
- 5.1.3. Opportunities
  - 5.1.3.1. Surge in R&D activities for the development of novel humic-based biostimulants
  - 5.1.3.2. Government investment and supportive frameworks for organic farming
- 5.1.4. Challenges
  - 5.1.4.1. Lack of standardization in the production and labeling of humic-based biostimulants
5.2. Market Segmentation Analysis
- 5.2.1. Type: Adoption of humic acid due to its effectiveness in improving nutrient availability and ensuring optimum plant growth
- 5.2.2. Mode of Application: Soil application of humic-based biostimulants to improve soil health and structure
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Humic-based Biostimulants Market, by Type

6.1. Introduction
6.2. Fulvic Acid
6.3. Humic Acid
6.4. Potassium Humate

7. Humic-based Biostimulants Market, by Form

7.1. Introduction
7.2. Dry
7.3. Liquid

8. Humic-based Biostimulants Market, by Mode of Application

8.1. Introduction
8.2. Drip Irrigation
8.3. Foliar Application
8.4. Seed Treatment
8.5. Soil Application

9. Humic-based Biostimulants Market, by Crop Application

9.1. Introduction
9.2. Cereals & Millets
9.3. Fibre Crops & Sugar Crops
9.4. Flowers & Ornamentals
9.5. Fruits & Vegetables
9.6. Pulses & Oilseeds
9.7. Spices & Medicinal Crops

10. Americas Humic-based Biostimulants Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Humic-based Biostimulants Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Humic-based Biostimulants Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Launch of Innovative Biostimulant Range by Bionema Group to Promote Sustainable Agriculture
- 13.3.2. LIDA Plant Research Introduces BIOFORCE, A New Line of Advanced Humic-Based Biostimulants
- 13.3.3. Sumitomo Chemical Acquires FBSciences to Bolster Biorational Portfolio
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio