PUBLISHER: TechSci Research | PRODUCT CODE: 1348839
PUBLISHER: TechSci Research | PRODUCT CODE: 1348839
Humic-based Bio Stimulants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type, By Application, By Formulation, By Crop Type, By Region and Competition
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Global Humic-based Bio Stimulants Market is expected to grow with an impressive CAGR in the forecast period 2024-2028. The market for humic-based bio stimulants is growing due to the increasing popularity and demand for organic pesticides in crop development, as well as the growing investment and research in the development of bio-stimulants.
Bio stimulants increase a plant's capacity to withstand stress when exposed to conditions of drought or illness. In addition to promoting greater plant growth, it is beneficial for the plants to increase their capacity for water absorption. Humic-based biostimulants are products derived from humic substances, which are natural organic compounds found in soil, peat, and other organic matter. These substances are rich in humic acid, fulvic acid, and humin. Humic substances possess water-holding capacity and help in maintaining the pH of the soil, thereby inducing plant growth. They also aid the plant by stabilizing soil moisture and temperature, thus offering suitable conditions for the uptake of nutrients and supporting plant growth. It is anticipated to create a huge market demand for Humic-based bio stimulants.
Rising Demand for Organic or Bio-Based Stimulants
| Market Overview | |
|---|---|
| Forecast Period | 2024-2028 |
| Market Size 2022 | USD 719.23 Million |
| Market Size 2028 | USD 1111.92 Million |
| CAGR (2023-2028) | 7.57% |
| Fastest Growing Segment | Cereals & Grains |
| Largest Market | Europe |
The growing demand from consumers and farmers to substitute synthetic stimulants with organic and bio-based stimulants is propelling the market growth for humic-based biostimulants. Increasing consumer demand for bio-based produce, such as crops, oil & seeds, pulses, fruits & vegetables, etc., is creating a huge demand among farmers for these natural crops, stimulating and improving pesticides. Additionally, by improving nutrient retention and reducing leaching, humic-based biostimulants help increase nutrient availability for plants. Humic substances contribute to soil aggregation, improving soil structure and stability. They enhance the soil's ability to retain water, increase aeration, and prevent erosion. This promotes root development and nutrient uptake by plants. Also, several companies launched their new range of bio-stimulants designed for organic farming approach. For instance, in 2021, UPL Australia announced a new launch of their new range for bio stimulants based on GoActiv technology (technology based on 100% pure extract from the Ascophyllum nodosum-a seaweed species), formulated to address specific crop abiotic or physiological stress in fruits, vegetables, tree crops, etc.
Increasing Research & Development for Promoting Organic Farming
Products are launched by several key market players, including biostimulant ingredients such as humic acids to promote plant growth. Ingredients such as humic acids and fulvic acids are used in plant germination for stimulating plant metabolic processes and seed germination, thereby stimulating crop production and supporting market growth at the same time. Humic acids have been shown to improve plants' ability to withstand various abiotic stresses, such as drought, salinity, and temperature extremes. They act as stress protectants by enhancing antioxidant activity, regulating plant hormone levels, and reducing oxidative damage. The new approach accepted by major market players also includes chelating their bio stimulants with various minerals. Additionally, leading companies started partnerships benefiting each other and finding innovative solutions to produce new bio stimulants, thereby supporting the growth of the Humic-based bio stimulants market. For instance, in July 2019, Valagro established a research partnership with Marrone Bio Innovations (US) to share mutual technical and research benefits for production that can flourish in challenging environments, grow more vigorously, and have superior root systems.
Growing Pesticide Demand in Developing Countries
Rapid soil degradation is leading to diseases occurring in plants, which is impacting the soil environment and thereby reducing the natural soil availability for crop production. At the same time, it is creating a huge demand for bio stimulants to improve crop production by restoring the soil capacity. Humic substances support beneficial microbial activity in the soil. They provide a food source and habitat for beneficial soil microorganisms, including bacteria and fungi. This improves nutrient cycling, disease suppression, and overall soil health. Humic-based bio stimulants can be applied to plants through various methods, including foliar sprays, seed treatments, and soil amendments. They can be used in conjunction with fertilizers and other crop protection products to optimize plant performance and yield. Also, the growing usage of humic-based bio stimulant is found helpful in compensating for the shortage of food and its nutrients in crops grown using these bio stimulants.
For instance, countries such as India and China are experiencing an increase in demand for crop production to fulfill the increased food demand for the growing population, thereby creating a demand for bio stimulants such as humic acid, fulvic acid, etc., improving and ensuring healthy production without any pesticides.
Market Segmentation
The Humic-based Bio stimulants market is segmented based on the Type, Application, Formulation, Crop Type and Region. Based on Type, the market is segmented into Humic acid, Fulvic Acid and Potassium Humate. Based on Application, the market is segmented into Seed treatment, Soil treatment and Foliar spray. Depending on the Formulations, the market is further segmented into Liquid and Dry. Based on the Crop Type, the market is further segmented into Cereals & Grains, Oil Seeds & Pulses, and Fruits & Vegetables.
Recent Developments
In 2022, FMC Corporation, an agricultural sciences company, gets its acquisition with BioPhero ApS- a Denmark based research and production company. This acquisition adds biologically producing pheromone insect control technology to FMC's product portfolio and also expands the company's role in delivering sustainable and innovative crop production.
Market Players
UPL, FMC Corporation, Bayer AG, Valagro S.P.A, Haifa Group, Sikko Industries Limited, Borregaard, Koppert Biological Systems, Biolchim SPA, Novihum Technologies Gmbh, etc., are some of the major players operating in the global Humic-based Bio stimulants market.
Report Scope:
In this report, Humic-based Bio Stimulants market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Humic-based Bio Stimulants market, By Type:
- Humic Acid
- Fulvic Acid
- Potassium Humate
Humic-based Bio Stimulants market, By Application:
- Seed Treatment
- Soil Treatment
- Foliar Spray
Humic-based Bio Stimulants market, By Formulation:
- Liquid
- Dry
Humic-based Bio Stimulants market, By Crop type:
- Cereals & Grains
- Oil Seeds & Pulses
- Fruits & Vegetables
Humic-based Bio Stimulants market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Humic-based Bio Stimulants market.
Available Customizations
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Humic-based Bio Stimulants Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Humic Acid, Fulvic Acid, Potassium Humate)
- 5.2.2. By Application (Seed Treatment, Soil Treatment, Foliar Spray)
- 5.2.3. By Formulation (Liquid & Dry)
- 5.2.4. By Crop type (Cereals & grains, oil seeds & pulses and Fruits & vegetables)
- 5.2.5. By Company (2022)
- 5.2.6. By Region
- 5.3. Product Market Map
6. Asia-Pacific Humic-based Bio Stimulants market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By Formulation
- 6.2.4. By Crop type
- 6.2.5. By Country
- 6.3. Asia-Pacific: Country Analysis
- 6.3.1. China Humic-based Bio Stimulants Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.1.1. By Value
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Application
- 6.3.1.2.3. By Formulation
- 6.3.1.2.4. By Crop type
- 6.3.1.1. Market Size & Forecast
- 6.3.2. India Humic-based Bio Stimulants Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.1.1. By Value
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Application
- 6.3.2.2.3. By Formulation
- 6.3.2.2.4. By Crop type
- 6.3.2.1. Market Size & Forecast
- 6.3.3. South Korea Humic-based Bio Stimulants Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.1.1. By Value
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Application
- 6.3.3.2.3. By Formulation
- 6.3.3.2.4. By Crop type
- 6.3.3.1. Market Size & Forecast
- 6.3.4. Japan Humic-based Bio Stimulants Market Outlook
- 6.3.4.1. Market Size & Forecast
- 6.3.4.1.1. By Value
- 6.3.4.2. Market Share & Forecast
- 6.3.4.2.1. By Type
- 6.3.4.2.2. By Application
- 6.3.4.2.3. By Formulation
- 6.3.4.2.4. By Crop type
- 6.3.4.1. Market Size & Forecast
- 6.3.5. Australia Humic-based Bio Stimulants Market Outlook
- 6.3.5.1. Market Size & Forecast
- 6.3.5.1.1. By Value
- 6.3.5.2. Market Share & Forecast
- 6.3.5.2.1. By Type
- 6.3.5.2.2. By Application
- 6.3.5.2.3. By Formulation
- 6.3.5.2.4. By Crop type
- 6.3.5.1. Market Size & Forecast
- 6.3.1. China Humic-based Bio Stimulants Market Outlook
7. Europe Humic-based Bio Stimulants Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Formulation
- 7.2.4. By Crop type
- 7.2.5. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. France Humic-based Bio Stimulants Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Application
- 7.3.1.2.3. By Formulation
- 7.3.1.2.4. By Crop type
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Germany Humic-based Bio Stimulants Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Application
- 7.3.2.2.3. By Formulation
- 7.3.2.2.4. By Crop type
- 7.3.2.1. Market Size & Forecast
- 7.3.3. United Kingdom Humic-based Bio Stimulants Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Application
- 7.3.3.2.3. By Formulation
- 7.3.3.2.4. By Crop type
- 7.3.3.1. Market Size & Forecast
- 7.3.4. Italy Humic-based Bio Stimulants Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.1.1. By Value
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Application
- 7.3.4.2.3. By Formulation
- 7.3.4.2.4. By Crop type
- 7.3.4.1. Market Size & Forecast
- 7.3.5. Spain Humic-based Bio Stimulants Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.1.1. By Value
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Application
- 7.3.5.2.3. By Formulation
- 7.3.5.2.4. By Crop type
- 7.3.5.1. Market Size & Forecast
- 7.3.1. France Humic-based Bio Stimulants Market Outlook
8. North America Humic-based Bio Stimulants Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Formulation
- 8.2.4. By Crop type
- 8.2.5. By Country
- 8.3. North America: Country Analysis
- 8.3.1. United States Humic-based Bio Stimulants Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Application
- 8.3.1.2.3. By Formulation
- 8.3.1.2.4. By Crop type
- 8.3.1.1. Market Size & Forecast
- 8.3.2. Mexico Humic-based Bio Stimulants Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Application
- 8.3.2.2.3. By Formulation
- 8.3.2.2.4. By Crop type
- 8.3.2.1. Market Size & Forecast
- 8.3.3. Canada Humic-based Bio Stimulants Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Application
- 8.3.3.2.3. By Distribution Channel
- 8.3.3.1. Market Size & Forecast
- 8.3.1. United States Humic-based Bio Stimulants Market Outlook
9. South America Humic-based Bio Stimulants Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Formulation
- 9.2.4. By Crop type
- 9.2.5. By Country
- 9.3. South America: Country Analysis
- 9.3.1. Brazil Humic-based Bio Stimulants Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Application
- 9.3.1.2.3. By Formulation
- 9.3.1.2.4. By Crop type
- 9.3.1.1. Market Size & Forecast
- 9.3.2. Argentina Humic-based Bio Stimulants Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Application
- 9.3.2.2.3. By Formulation
- 9.3.2.2.4. By Crop type
- 9.3.2.1. Market Size & Forecast
- 9.3.3. Colombia Humic-based Bio Stimulants Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Application
- 9.3.3.2.3. By Formulation
- 9.3.3.2.4. By Crop type
- 9.3.3.1. Market Size & Forecast
- 9.3.1. Brazil Humic-based Bio Stimulants Market Outlook
10. Middle East and Africa Humic-based Bio Stimulants Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Application
- 10.2.3. By Formulation
- 10.2.4. By Crop type
- 10.2.5. By Country
- 10.3. MEA: Country Analysis
- 10.3.1. South Africa Humic-based Bio Stimulants Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Application
- 10.3.1.2.3. By Formulation
- 10.3.1.2.4. By Crop type
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Saudi Arabia Humic-based Bio Stimulants Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Application
- 10.3.2.2.3. By Formulation
- 10.3.2.2.4. By Crop type
- 10.3.2.1. Market Size & Forecast
- 10.3.3. UAE Humic-based Bio Stimulants Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Application
- 10.3.3.2.3. By Formulation
- 10.3.3.2.4. By Crop type
- 10.3.3.1. Market Size & Forecast
- 10.3.4. Kuwait Humic-based Bio Stimulants Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.1.1. By Value
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Type
- 10.3.4.2.2. By Application
- 10.3.4.2.3. By Formulation
- 10.3.4.2.4. By Crop type
- 10.3.4.1. Market Size & Forecast
- 10.3.1. South Africa Humic-based Bio Stimulants Market Outlook
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Recent Developments
- 12.2. Mergers & Acquisitions
- 12.3. Product Developments
13. Competitive Landscape
- 13.1. Company Profiles
- 13.1.1. Business Overview
- 13.1.2. Company Snapshot
- 13.1.3. Products & Services
- 13.1.4. Financials (In case of listed companies)
- 13.1.5. Recent Developments
- 13.1.6. SWOT Analysis
- 13.2. UPL Ltd.
- 13.3. FMC Corporation
- 13.4. Bayer AG
- 13.5. Valagro S.P.A
- 13.6. Haifa Group
- 13.7. SIKKO Industries Limited
- 13.8. BORREGAARD
- 13.9. Koppert Biological Systems
- 13.10. Biolchim SPA
- 13.11. NOVIHUM technologies Gmbh
14. Strategic Recommendations
