Global Humic-based Biostimulants Market, By Type (Humic Acid, Fulvic Acid, Potassium Humate), Application Method (Foliar Treatment, Soil Treatment, Seed Treatment), End-User (Farmers, Related Industries, Research Institutes), Origin (Natural Biostimulants, Synthetic Biostimulants), Distribution Channel (Direct, Indirect), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Humic-based Biostimulants Market
Humic-based biostimulants market is expected to reach at estimated value of USD 1,112.7 and grow at a CAGR of 9.80% in the forecast period 2021 to 2028. Rising demand for adoption of sustainable solutions is the major factor driving the growth of humic-based biostimulants market in the forecast period of 2021-2028.
Biostimulants are the type of products which helps in enhancing the life of plants in terms of the growth and productivity. It has the capability to increase the stress tolerance of plant that may be in terms of disease or drought. It is helpful for the plants to increase their capacity to absorb water and it leads to better plant growth. The biostimulants products are found to be filling the gap between bio-fertilizers and pesticides as it can help the plant in both activities
Rising limited entry barriers resulting in the entry of players of different tiers is the vital factor escalating the market growth, also increasing concerns over improving the crop yield per hectare, rising precision farming technique and rising adoption of biostimulants to reduce the abiotic stress in crops and plants are the major factors among others driving the growth of humic-based biostimulants market. Moreover, rising stronger innovative product portfolio for broad-acre crops and increasing technological advancements in humic-based biostimulants market will further create new opportunities for humic-based biostimulants market in the forecast period of 2021- 2028.
However, increased research and development cost involved in biostimulants manufacturing, rising lengthy approval process of the product and increased demand for synthetic fertilizers are the major factors among others restraining the market growth, while rising uncertainty in the regulatory framework of biostimulants and increased demand for seaweed biostimulants will further challenge the growth humic-based biostimulants market in the forecast period mentioned above.
This humic-based biostimulants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on humic-based biostimulants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Humic-Based Biostimulants Market Scope and Market Size
Humic-based biostimulants market is segmented on the basis of type, application method, end-user, origin and distribution channel. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- Based on type, the humic-based biostimulants market has been segmented into humic acid, fulvic acid and potassium humate.
- Based on application method, the humic-based biostimulants market has been segmented into foliar treatment, soil treatment and seed treatment. Foliar treatment segment is the largest segment and is dominating the market due to its high benefits in agriculture field hence farmers are more inclined to it which ultimately helping the market to grow.
- Based on end-user, the humic-based biostimulants market is segmented into farmers, related industries and research institutes.
- Based on origin, the humic-based biostimulants market is segmented into natural biostimulants and synthetic biostimulants. Natural biostimulants segment is dominating due to its numerous number of benefits such as high productivity high fertility and has low cost.
- The humic-based biostimulants market is also segmented on the basis of distribution channel into direct and indirect. Direct segment is dominating the market as its demand is high from the large scale farming along with related industries in order to provide high productivity globally among consumer.
Humic-Based Biostimulants Market Country Level Analysis
Humic-based biostimulants market is analyses and market size, volume information is provided by country, type, application method, end-user, origin and distribution channel as referenced above.
The countries covered in humic-based biostimulants market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA)
Asia-Pacific dominates the humic-based biostimulants market due to increasing demand for the organic products along with changing consumer preferences, rising demand of the high quality products by the farmers, increasing concerns over improving the crop yield per hectare and rising precision farming technique in this region.
The country section of humic-based biostimulants market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Humic-Based Biostimulants Market Share Analysis
Humic-based biostimulants market report competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to humic-based biostimulants market report.
The major players covered in the humic-based biostimulants market report are Eastman Chemical Company, OMEX, LALLEMAND Inc., Agrinos, Brandt Consolidated, Inc., FMC Corporation, Valagro SpA, Biolchim SPA, Isagro, Italpollina S.p.A., ADAMA Ltd, KOPPERT BIOLOGICAL SYSTEMS, Haifa Group, Novozymes, ACADIAN SEAPLANTS LIMITED, ATLÁNTICA AGRICOLA, Biostadt India Limited, Trade Corporation International, AGROENZYMAS, MICROMIX, Syngenta, Bayer AG and UPL among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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