The main players in the humic acid-based biostimulant market are Syngenta Group, Biolchim SP A, FMC Corporation, Haifa Group, UPL Limited, Bayer AG, Sikko Industries Ltd, Humintech Gmbh, Promisol, Novihum Technologies Gmbh, Borregaard, Qingdao Future Group, Bioline, Humic Growth Solutions, Actagro, Rovensa, Tagrow, Cifo and Loveland.
New York, July 09, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of Humic Based Biostimulants Global Market Report 2021: COVID-19 Growth And Change – https://www.reportlinker.com/p06103721 /? utm_source = GNW
The global humus-based biostimulants market is forecast to grow from $ 496.46 million in 2020 to $ 538.61 million in 2021, with an average annual growth rate (CAGR) of 8.49%. The growth is mainly due to the benefits of humic biostimulants, the increasing need for sustainable agriculture, and the reduction in the exploitation and waste of conventional synthetic fertilizers. The market is expected to hit $ 807.64 million at a CAGR of 10.4% in 2025.
The humic biostimulants market consists of the sale of humic biostimulants and related services by companies (organizations, retailers and partnerships) that offer humic biostimulants with quality characteristics.
Humic-based biostimulants are widely used in horticulture.
The main types of humic-based biosimulants are fulvic acid, humic acid, and potassium humate. Humic acid is a group of molecules that attach water and nutrients to plant roots and help them maintain them.
Fulvic acid is a decomposition product and is created by geochemical and biological reactions, such as the breakdown of food in a compost heap. Potassium humate is the potassium salt of humic acid.
Humic-based biosimulants are available in liquid, water-soluble granules, water-soluble powders and are suitable for agriculture, grain, fiber crops, fruits and vegetables, oilseeds and by farmers, related industries and research institutes.
North America was the largest region in the humic acid-based biosimulant market in 2020. The Asia-Pacific region is expected to be the fastest growing region over the forecast period.
The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Innovations in humin-based biosimulants such as chelation with various minerals shape the market for humin-based biostimulants. Companies around the world working on a variety of agricultural solutions using chelated additional minerals to enhance the nutraceutical nature of crops and crops.
For example, HuminTech, a Germany-based manufacturer of humic substances, has launched a humic-based biostimulant with iron chelation. The product can be used to prevent and correct iron deficiency symptoms in plants and to increase the resistance of plants to abiotic stress factors.
In October 2020, the Syngenta Group, through its business unit Syngenta Crop Protection, a global agricultural science and technology company, acquired Valagro, a leading manufacturer of innovative biologics, for an undisclosed amount. The acquisition will strengthen Syngenta Crop Protection Biologicals’ business.
Valagro has a well established portfolio of biostimulants and specialty nutrients will also support the Syngenta Group.
The increasing demand for sustainable solutions in agriculture is driving the market growth of humic acid-based biostimulants. Due to population growth, there is immense pressure to produce plants with high quality yields.
The spokesman for Agricen Sciences, an applied science research company, commented that the market for biostimulants is growing rapidly in all regions, including the US and Europe. In addition, the introduction of humic biostimulants has increased due to the increase in organic farming worldwide.
In 2020, for example, the demand for organic food in countries like India has increased by 25 to 100%. It is therefore expected that sustainable solutions combined with an increase in organic farming will drive humic acid-based biostimulants forward in the forecast period.
The Countries Covered in the Humic Acid Based Biosimulants Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States.
Read the full report: https://www.reportlinker.com/p06103721/?utm_source=GNW
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