A recent market intelligence report that is published by Data Insights Partner on the global Humic-based Biostimulants Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Humic-based Biostimulants Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Humic-based Biostimulants Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Humic-based Biostimulants Market is offered. In accordance with the report, the global Humic-based Biostimulants Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Humic substances are organic amalgamation of significant quantities of coal, peat, soil and humus. Biostimulants are naturally driven fertilizer additives. Humic-based biostimulants are added to plants and soil with the objective of improving the nutritional content in agricultural goods. Humic-based biostimulants are one of the acid-based biostimulants like amino acids, fulvic acids and even seaweed extracts.
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The positive influence of Humic-acid biostimulants on the plant, soil and nature is driving the growth of the Humic-acid Biostimulants market. Humic acid provide water and nutrients to plants roots and helps it to thrive. The incorporation of bio-stimulants based on humic acid improves soil productivity and yield. Bio-stimulants based on humic acid provides a helping hand in activating the plant metabolic process and germination process of the seeds. Its application in gardening and irrigation yields ample benefits. Its high water-retention capacity fosters plant growth and soil fertility. Their potentiality to desiccate iodized nutrients aids them in channelizing nutrients to plants from the soils. These numerous benefits of humic-based biostimulants are fueling the growth of this market.
The association of surging population and their bare necessity for food, the reduction in cultivation areas and the need to improve the per capita yield of plants to feed the soaring number of mouths is empowering the growth of this market.
The skyrocketing numbers of health-conscious consumers and their craze for eco-friendly, safe, sustainable and natural agricultural product is charging the growth of this market. Owing to low-fat, zero-antibiotic and non-GMO content in organic food, this market is positively, indirectly growing.
The rising awareness adverse influence of using synthetic pesticides and fertilizers on human body and the environment coupled with the supportive programs of the government like providing subsidies on bio-based farming and many more and stringent norms on the utilization of synthetic pesticides and fertilizers is augmenting the growth of the humic-based biostimulant market.
The lack of awareness and education among the consumers with regard to the positive aspects on soil, plant and crop health due to the utilization of humic acid based biostimulants is impeding the growth of this market.
The cost associated with the research and development of product portfolio and better versions of humic acid based biostimulants is immoderately high and is severely straining its market growth prospects.
The availability of perfect substitutes of humic acid based biostimulants that is the obtainability of synthetic biostimulants and its capability to replace biostimulants are retarding the growth of the humic acid based biostimulants.
Further, the lengthy and complex approval procedure coupled with uncertain regulations of the government for humic acid based biostimulants is hindering the growth of this market.
Soaring demand for seaweed biostimulants and the propensity of forging biostimulants are likely to disturb the growth of this market
The surging environmental concern coupled with the increasing soil pollution, water pollution as a result of use synthetic fertilizers and the rigid directives of the government on the synthetic fertilizers complementary to immense positive benefits of humic acid based biostimulants is a good scope for this market.
The association of constantly increasing number of mouths to food and decreasing acreage of crop cultivation is a good chance for thriving this market.
At present, North America and Europe has a dominant share in the humic acid based biostimulants market. The Asia Pacific region is expected to dominate the market for humic acid based biostimulants in the forecast period. This can be traced beck to the technological advancement and its application in agriculture, soaring involvement in agriculture, upsurge in the demand for agricultural products, conformation to international agricultural standards and craziness for organic products. North America is also expected to witness significant progress because of the increasing players in this market from this region, drive for organic and natural food and the government’s supportive measures for the development of this market. the humic acid based biostimulants market is estimated to grow at a CAGR of 10.20%.
This market intelligence report on the global Humic-based Biostimulants Market encompasses market segments based on application, type, formulation and country.
By Application the global Humic-based Biostimulants Market has been divided into:
q Seed Treatment
q Soil Treatment
q Foliar Treatment
By Type the global Humic-based Biostimulants Market has been divided into:
q Potassium Humate
q Fulvic Acid
q Humic Acid
By Formulation the global Humic-based Biostimulants Market has been divided into:
q Water-Soluble Granule
q Water-Soluble Powder
By country/region, the global Humic-based Biostimulants Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q BASF SE
q Arysta Lifescience
q Koppert Biological Systems
q VALAGRO S.p.A
q BioLine Corporation
q Humic Growth Solutions Inc
q Loveland Products
q FMC Corporation
q Biolchim SPA
q Haifa Group
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Humic-based Biostimulants Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
In April 2018, Bayer was acquired the seed and crop protection segment of BASF SE. The agreement was aimed at strengthening the portfolio of crop protection and enter the seeds market.
In May 2018, the announcement for the acquisition of Etec Crop Solutions was made by Arysta Lifescience. The innovation of crop protection products and biostimulants for specialized application was the main aim of the acquisition.
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Ø This study offers comprehensive yet detailed analysis of the Humic-based Biostimulants Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Humic-based Biostimulants Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Humic-based Biostimulants caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Humic-based Biostimulants Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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v Identify key strengths and weaknesses of important market participants
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