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Humic-based Bio Stimulants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (Humic Acid, Fulvic Acid, Potassium Humate), By Application (Seed Treatment, Soil Treatment, Foliar Spray), By Formulation (Liquid & Dry), By Crop Type (Cereals & Grains, Oil Seeds & Pulses, Fruits & Vegetables), By Region and Competition

August 2023 | 115 pages | ID: H66D8110C882EN
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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

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).
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
  6.3.2. 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
  6.3.3. 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
  6.3.4. 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
  6.3.5. 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

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
  7.3.2. 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
  7.3.3. 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
  7.3.4. 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
  7.3.5. 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

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
  8.3.2. 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
  8.3.3. 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

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
  9.3.2. 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
  9.3.3. 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

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
  10.3.2. 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
  10.3.3. 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
  10.3.4. 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

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


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