Global Humic-based Biostimulants Market

Humic-based Biostimulants Market Insights

Biostimulants are an amalgamation of plant hormones, trace elements, enzymes, microorganisms, and seaweed extracts used to stimulate the uptake of nutrients and improve crop productivity when applied in the standard amount. Furthermore, naturally occurring nutrients and growth hormones improve the activity of soil enzymes, increase plant tolerance from biotic/abiotic stress, and maintain a natural and viable ecosystem for all kinds of flora and fauna. The global humic-based biostimulants market is expected to register a high CAGR between the year 2020-2026. Humic-based biostimulants include organic materials resulted from concerted reactions of biotic and abiotic reactions and represent the most abundant organic material on the planet earth. They perform key functions in several ecological processes covering both natural and anthropogenic ecosystems. Humic-based biostimulants influence soil structure and porosity hence responsible to improve soil fertility. Besides, humic-based biostimulants supply nutrients through chelating mineral and their degradation hence end up shaping the entire soil biota community. 

The adoption of sustainable solutions such as organic farming to improve crop productivity and protect the environment is the chief factor accelerating the demand for a humic-based biostimulant market. Moreover, continuous support from the government for biostimulant promotion, consistent production, and developmental innovation of the bio-based stimulant with changing lifestyle is creating opportunities for the product to proliferate in the coming years. 

Humic-based Biostimulants Market: By Crop Application

The crop application segment can be studied as agriculture (open fields), fiber crops, cereals, oilseeds, and fruits & vegetables, among other crops. Cereals, such as wheat, and rice segment will register a high growth rate in the humic-based biostimulant market between the mentioned year span. For Asian and southeast countries cereals are the staple food crop which leads to increase consumer demand in these regions. Furthermore, increasing the population acts as a booster in the Asia-Pacific region, and the product demand gains more interest in these regions. Therefore to cope up with the supply and demand parameters, farmers are willing to adopt new technologies that can improve their crop quality and productivity. Hence humic-based biostimulant is among the most widely adopted technology for cereal production and driving economy.

By Formulation

By formulation, the market is explained into a liquid, water-soluble powders, water-soluble granules, and other formulations. Liquid formulations are the largest revenue builder of the humic-based biostimulant market as they are easy to handle and can even spread in the required area. Therefore most the farmer adopt liquid formulations over any other formulation to enhance crop efficiency. Many key players have switched their production to liquid formulations to fulfill the product requirement hence driving the market growth.

By Mode of Application

By mode of application, the market is studied into foliar treatment, seed treatment, and soil treatment. Seed treatment is the fastest-growing market of humic-based stimulants and is expected to extend its demand in the coming years. Farmer uses seed treatment at a high rate to protect their crops from the effect of pest. As pesticides are applied with seed in a similar way humic based biostimulants are applied along with seed before sowing. This helps to improve nutrients uptake and increase the water retention capacity of the crop.  

By Type

By type, the market is studied into Humic acid, fulvic acid, and potassium humate are the types of humic-based biostimulants. The easy availability of the humic acid in a humic matter of soil makes it dominate the humic-based biostimulants between 2020 and 2026. An increment in soil microbial activity with improving soil health is the key properties of the humic acid segment.  Adding on, improvement in nutrient uptake, water absorption, and resistance from pests are the benefits projected to propel the humic acid market in the mentioned duration.

Humic-based Biostimulants Market: By Region

Raising adoption and demand for sustainable solutions in Asia-Pacific regions is projected to grow the humic-based biostimulant market at the highest rate within the conjecture span. Effective transformation in agriculture industries due to advancement in technology to meet the international standards in both quality and quantity has pushed up the entire product market in the last few years. Also, China and India being the largest producer and exporter of various high-value crops are creating opportunities for the farmer to attain the customer demand by shifting towards organic inputs for the production of the desired crop. A high percentage of the population in the Asia-Pacific region is creating more chances for the product to target a large volume of customers and uplifting the entire market business. 

Humic-based Biostimulants Market Share and Competitor Analysis

The key players operating in the market include Bayer AG, FMC Corporation, UPL Ltd, Borregaard, Koppert Biological Systems, Valagro SpA, Biolchim SpA, Haifa Group,  Sikko International Ltd, Novihum Technologies GMBH, Humintech GMBH, Qingdao Future Group, Promisol, Bioline, Humic Growth Solutions, Actagro, Rovensa, Tagrow, and CIFO among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In May 2020, Koppert Biological Systems decides to invest in groundbreaking innovation that will improve the world of scouting. The scout-app has the capability to identity automatically and count the number of pests present on sticky traps with the help of imagining recognization followed by machine learning. 

In October 2019, Humintech GMBH comes up new with formulations of humic acid granules. The new product has several additive benefits over the old form Perlhumus products such as dust-free with the homogenous size of granules, easily get distributed, contain more ingredients, and many more.  

Check the Press Release on Global Humic-based Biostimulants Market Report