Humic-based Bio Stimulants Market to be Dominated by Foliar Spray Segment by 2028
Increasing demand for replacement of chemical pesticides by
organic products is expected to drive Global Humic-based bio stimulants in the
forecast period 2024-2028.
According
to TechSci Research report, “Humic-based
Bio Stimulants -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, the Global Humic-based bio stimulants is anticipated to grow at a
steady rate in the forecast period 2024-2028. This can be ascribed to the
growing demand of bio stimulants for the improvement of quality and yield of
crop production even in adverse conditions.
The increased need for fertilizers, pesticides, bio
stimulants, etc. to enhance soil properties for increasing crop yield, to
obtain disease-free crops, and improve nutrient quality of produce even in
stressful or abiotic conditions, is driving the growth of Humic-based Bio Stimulants
market.
Pesticides, being effective in controlling pests
and diseases, can have negative impacts on human health and the environment.
Concerns about pesticide residues in food, water contamination, and potential
health risks have led to a shift towards more sustainable and environmentally
friendly agricultural practices. Humic biostimulants offer an alternative
approach that reduces the need for chemical pesticides, thereby minimizing
chemical exposure and associated risks.
Humic biostimulants have been found to
enhance plant resistance against pests and diseases. They stimulate the
production of natural defense mechanisms in plants, such as the synthesis of
phytoalexins, antioxidants, and pathogenesis-related proteins. By boosting the
plant's own immune system, humic biostimulants help plants fend off pests and
diseases more effectively, reducing the reliance on chemical pesticides.
Humic biostimulants are derived from natural
sources and have minimal environmental impact compared to chemical pesticides.
They are biodegradable, non-toxic, and pose fewer risks to beneficial insects,
pollinators, and non-target organisms. The use of humic biostimulants aligns
with sustainable agricultural practices and supports the preservation of
biodiversity and ecosystem health.With the rising awareness about the
advantages of having organic food consumption, there is an increase in demand
for bio stimulants in the market. Additionally, with the introduction of regulatory bodies and
rules for organic harvest and sustainable agricultural growth practices and
policies, the Humic-based bio stimulants is expected to attribute a higher
growth in the forecast period.
Moreover, consumer preferences for environmentally
friendly and sustainable products have a significant influence on market
trends. The promotion of bio-based stimulants as eco-friendly, natural, and
sustainable products resonates with consumers seeking greener alternatives.
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Based on type, the
market is segmented into Humic acid, Fulvic acid and Potassium Humate. The
Humic acid is dominating the market in 2022 and is expected to lead in the
forecast period. This can be attributed to the increase in demand of Humic acid
due to its properties such as improving soil’s microbial activity, increasing
nutrient uptake, water absorption, and increasing soil health.
Based on the
application, the market is segmented into seed treatment, soil treatment and
foliar spray. Foliar spray is dominating the market and anticipated towards
growth in the forecast period on account of its easy availability and
application method The foliar treatment is applied directly to the leaves and
is absorbed through the epidermis and stomata. Therefore, these bio stimulants
are majorly sold in liquid forms having active ingredients such as chelated
nutrients, IPA molecules and glycine betaine, etc. used to provide faster and
healthier plant growth.
Based on crop type, the
market is segmented into cereals & grains, oil seeds & pulses, and fruits
and vegetables. The Fruits & Vegetable segment is expected to dominate the
market growth in the forecast period. This can be ascribed to the factors such
as increased demand for fresh and nutrient rich quality fruits among the customers,
along with the rising customer awareness for the growing demand of organic
harvest and production of fruits & vegetables.
Major
companies operating in the Global Humic-based Bio Stimulants are:
- UPL Ltd.
- FMC Corporation
- Bayer AG
- Valagro S.P.A
- Haifa Group
- SIKKO Industries Limited
- BORREGAARD
- Koppert Biological
Systems
- Biolchim SPA
- NOVIHUM technologies
Gmbh
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“Asia-Pacific is
expected to dominate in the Global Humic-based Bio Stimulants during the
forecast period on account of increasing need for crop production for the
increasing population in the countries such as India, China, etc. Besides, increasing
demand for organic pesticides such as bio stimulants and flourishing sustainable
agriculture industries in the region are further expected to support the market
growth in the region” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
Humic-based Bio Stimulants - Global Industry Size, Share, Trends,
Competition, 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”, has
evaluated the future growth potential of Global Humic-based bio stimulants and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Humic-Based Bio stimulants market.
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