Report Description
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:
Definition
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.
Market Drivers
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.
Market Restraints
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
Opportunities
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.
Trends
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%.
Segment Covered:
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
q Liquid
q Others
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.
Report Highlights:
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
BASF SE
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.
Arysta Lifescience
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.
Salient Features:
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
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Humic-based Biostimulants Market
v
Identification
of key factors driving investment opportunities in the Humic-based
Biostimulants Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants