Humic-based Biostimulants Market Share

Humic Based Biostimulants Market Overview

Humic-based Biostimulants Market Size was valued at USD 0.54 Billion in 2023. The humic-based biostimulants market industry is projected to grow from USD 0.59103 Billion in 2024 to USD 1.12 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.32 % during the forecast period (2024 - 2032). Growing need for environmentally friendly and sustainable solutions as people become more aware is the key market driver enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Humic-based Biostimulants Market Trends

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  The growing need for environmentally friendly is driving the market growth.

  
  

Market CAGR for humic-based biostimulants is driven by growing need for environmentally friendly and sustainable solutions as people become more aware of the negative effects of conventional agricultural methods on the environment. Fulvic acid, humic substances, and other organic materials are examples of natural sources from which humic-based biostimulants are derived. Because of worries about agriculture's sustainability, the soil's health, and chemical residues in food, the organic farming movement has been gaining ground. Because they frequently come from organic matter and benefit plants without synthetic chemicals, humic-based biostimulants are regarded as compatible with organic farming techniques. Biostimulants based on humic acids have been found to improve plant nutrient uptake, root development, and crop yield in general. These biostimulants are becoming more well-known as a viable option for farmers looking to increase productivity without solely using chemical fertilizers. Sustainable agriculture depends on healthy soil, and humic-based biostimulants can help by enhancing the structure and fertility of the soil. These products support soil health over the long term by preventing soil erosion, encouraging microbial activity, and moisture retention. New formulations and enhanced products have been developed due to ongoing biostimulant research.

Manufacturers are spending money on R&D to increase the effectiveness of humic-based biostimulants and make them more desirable to farmers. A concerted effort has been made to inform farmers about the advantages of humic-based biostimulants as the biostimulant industry matures. Information has been communicated to end users through the use of extension services, agricultural publications, and industry events. Different geographical areas have experienced changes in the regulatory environment surrounding biostimulant products. The structure and growth of the market may be impacted by certain nations' specialized regulations for biostimulants. Initially, humic-based biostimulants were used in a limited number of crops, but now they are used in a wider variety of plants. These biostimulants have been used across numerous agricultural sectors, from high-value fruits and vegetables to row crops like corn and wheat. New businesses have entered the market as humic-based biostimulants gain in popularity, escalating competition and possibly resulting in product diversification. Thus, driving the humic-based biostimulants market revenue.

Humic-based Biostimulants Market Segment Insights

Humic-based Biostimulants Product Type Insights

Based on product type, the humic-based biostimulants market segmentation includes humic acid, fulvic acid, and potassium humate. The humic acid segment dominated the market. For the product type segment, humic acid held the largest market share globally for humic-based biostimulants. Humic acid aids in boosting soil microbial activity, which enhances soil health. Additionally, it facilitates the uptake of nutrients, aids in water absorption, and combats a variety of pests. Humic acid's high concentration aids in increasing productivity and yields. For example, humic acid aids in growing the number of tubers and overall size of crops like potatoes. Humic acids also aid in the transportation of nutrients from soil to plants by helping to keep ionized nutrients from leaching away. Humic acid is also easily accessible in soil's humic matter.

Figure 1: Humic-based Biostimulants Market, by Product Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Humic-based Biostimulants Crop type Insights

Based on crop type, the humic-based biostimulants market segmentation includes fruits & vegetables, cereals, oilseeds, fiber crops, and others. The fruits & vegetables segment held the largest market share. Because fruits and vegetables are produced in such large quantities worldwide, this segment is anticipated to continue to dominate throughout the forecast period. The shelf life and early growth of crops are both improved by humic-based biostimulants. The biostimulants also aid in increasing the size, color, and sugar content of fruits and vegetables, which helps to improve crop quality.

Humic-based Biostimulants Form Insights

Based on form, the humic-based biostimulants market segmentation includes dry and liquid. The liquid segment generated the most income. To better withstand the effects of heat and drought, liquid biostimulants are crucial in enhancing plant water uptake and water balance. Liquid biostimulants are easily absorbed by the soil and aid in crop development. They also give crops better roots and stems and increase their susceptibility to abiotic stress. The biostimulant in liquid form is greatly preferred because it has many benefits.

Humic-based Biostimulants Mode of Application Insights

Based on the mode of application, the humic-based biostimulants market segmentation includes foliar treatment, soil treatment, and seed treatment. The soil treatment generated the most income. The humic-based biostimulants aid in raising soil humus levels. Depending on the soil type and compaction, they are dispersed evenly in the soil up to a specific depth. This technique, which can improve soil health without harming the helpful soil organisms, is one that more and more farmers are embracing. Demand for humic-based biostimulants in soil treatment will be driven by the continuous improvement in agricultural productivity and the improvement of soil fertility.

Humic-based Biostimulants Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American humic-based biostimulants market will dominate this market; one of the main factors fueling the expansion of the humic-based biostimulants market in the region is the rising importance of a sustainable agriculture approach among consumers and the growing development of new innovative products targeting specific agronomic needs will boost market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Humic-Based Biostimulants Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's humic-based biostimulants market accounts for the second-largest market share and is one of the top European consumers of humic-based biostimulants due to its robust agricultural sector. The regulatory authorities' demand for clean and sustainable input solutions is strengthened by the growing need for high production yield, quality parameters, and increasing land degradation. Further, the German humic-based biostimulants market held the largest market share, and the UK humic-based biostimulants market was the fastest-growing market in the European region.

The Asia-Pacific Humic-based Biostimulants Market is expected to grow at the fastest CAGR from 2023 to 2032. Due to the various technological advancements occurring in the region, the agriculture industry in the Asia-Pacific is undergoing significant transformations. To meet international standards, agricultural practices and demand are expanding. Additionally, Asian nations like Japan, China, and India are reorienting their agriculture toward sustainable practices. These are a few of the elements that are anticipated to propel the market for humic-based biostimulants in this area. Moreover, China’s humic-based biostimulants market held the largest market share, and the Indian humic-based biostimulants market was the fastest-growing market in the Asia-Pacific region.

Humic-based Biostimulants Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the humic-based biostimulants market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The humic-based biostimulants industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the humic-based biostimulants industry to benefit clients and increase the market sector. In recent years, the humic-based biostimulants industry has offered some of the most significant medical advantages. Major players in the humic-based biostimulants market, including FMC Corporation (UA), Bayer AG (Germany), Borregaard (Norway), ValagroSpA (Italy), Koppert Biological Systems (US), BiolchimSpA(Italy), Humic Growth Solutions (US), UPL Ltd (India), ADAMA Ltd (Israel), and Haifa Group (Israel)and others, are attempting to increase market demand by investing in research and development operations.

FMC Corporation (UA) is an agricultural science company advancing agriculture through innovative and sustainable crop protection technologies. From leading discovery pipelines to unique application systems and cutting-edge organic products, they are passionate about providing innovative solutions to growers worldwide. For more than 130 years, they have been rooted in agriculture and innovation. Manufacturers and industry partners continue to trust today's FMCs to improve productivity, profitability and sustainability. As a leading agricultural science company, FMC is committed to meeting the changing needs of consumers. FMC Corporation (UA) invests significant resources in discovering new active ingredients, developing innovative formulations and biologics, and developing precision agriculture technologies that support sustainable agriculture worldwide. Visit the Technology Portfolio page to learn more about FMC's latest innovations. FMC has a strong management team with an aggressive five-year growth plan at the end of 2018. The strengths of FMC's technology portfolio and geographic diversity help companies solve problems better than others.  Track record demonstrates agility, strength of strategy and ability to execute in the most challenging circumstances.

Bayer AG (Germany), The life science industries of healthcare and nutrition are at the core of Bayer, a multinational company. By supporting initiatives to address the unprecedented challenges a growing and aging population brings, design products and services to help people and the planet thrive. At Bayer, dedicated to promoting sustainable development and positively impacting businesses. Also, creating new possibilities that improve life for all of us through audacious ideas and unmatched insights. This entails rethinking how to care and one another by promoting everyday health, enhancing patient care strategies, and developing better ways to feed communities worldwide.

Key Companies in the humic-based bio-stimulants market include

• FMC Corporation (UA)


• Bayer AG (Germany)


• Borregaard (Norway)


• ValagroSpA (Italy)


• Koppert Biological Systems (US)


• BiolchimSpA (Italy)


• Humic Growth Solutions (US)


• UPL Ltd (India)


• ADAMA Ltd (Israel)


• Haifa Group (Israel)

Humic-based Biostimulants Industry Developments

April 2022: A UPL Ltd. To encourage sustainable agriculture in Spain and Portugal, Koppert worked together. The two businesses start a technical and business partnership to make producers' access to biological solutions easier.

Humic-based Biostimulants Market Segmentation

Humic-based Biostimulants Product Type Outlook

• Humic Acid


• Fulvic Acid


• Potassium Humate

Humic-based Biostimulants Crop Type Outlook

• Fruits & Vegetables


• Cereals


• Oilseeds


• Fiber Crops


• Others

Humic-based Biostimulants Form Outlook

• Dry


• Liquid

Humic-based Biostimulants Mode of Application Outlook

• Foliar Treatment


• Soil Treatment


• Seed Treatment

Humic-based Biostimulants Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America