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The global humic-based biostimulants market is forecast to reach a market size of USD 1,037.5 Million by 2027, and register a significantly high CAGR over the next seven years, according to a new report by Reports and Data. Growing demand for humic-based biostimulants can be attributed to growing demand for high crop yield. Humic-based biostimulants find wide application in organic farming, greenhouse vegetable production, and horticulture. Humic-based biostimulants comprising humic and fulvic acid aid in stimulating plant growth, boosting plant height, increasing fresh/dry weight, and improving nutrient absorption. Humic-based biostimulants possess very high water-retentive capability, allowing easy accessibility of soil nutrients to plant roots for better yield.
The COVID-19 impact
Humic-based biostimulants industry was largely spared from the impact of COVID-19 pandemic. Any influence of the pandemic on the industry was due to reduction in production caused by labor shortage and product supply due to supply chain disruption. As the condition eased, demand for humic-based biostimulants resumed.
To get a sample copy of the report, click on the link alongside @ https://www.reportsanddata.com/sample-enquiry-form/3758
Key market players include Haifa Group, Bayer AG, Koppert Biological Systems, FMC Corporation, Humintech GmbH, Biolchim SpA, UPL Limited, PROMISOL, Sikko Industries Ltd., and Valagro SpA.
Further key findings in the report
โข Humic acids aid in chemical-modification of soil fixation properties, offering benefits, including neutralization of alkaline and acidic soil to the soil pH-value, increasing plant cell-wall permeability to improve absorption of water and nutrients by plants, and increasing soil buffering characteristics.
โข In greenhouses, granule humic-based biostimulants are dissolved in water and applied to plants to boost plant growth. In greenhouses, humic-based biostimulants are appropriate for all plant foods and improves composition of all soil types.
โข By application, seed treatment segment revenue is expected to grow at the fastest rate during the forecast period. Seed treatment with humic-based biostimulants enables increased nutrition absorption, faster seed germination, better root development, and reduced susceptibility to diseases and pests.
โข Humic-based biostimulants market in Europe contributed to largest revenue share in 2019, owing to supportive government regulations for organic food production in countries in the region. Also, increasing research and development in biostimulants for specific agricultural requirements is garnering significant traction.
To know more about the report @ https://www.reportsanddata.com/report-detail/humic-based-biostimula...
For the purpose of this report, Reports and Data has segmented the global humic-based biostimulants market on the basis of type, formulation, application, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
โข Humic Acid
โข Fulvic Acid
โข Potassium Humate
Formulation Outlook (Revenue, USD Million; 2017-2027)
โข Powder
โข Granules
โข Liquid
โข Others
Application Outlook (Revenue, USD Million; 2017-2027)
โข Foliar Treatment
โข Seed Treatment
โข Soil Treatment
Regional Outlook (Revenue, USD Million; 2017-2027)
โข North America
โข Europe
โข Asia Pacific
โข MEA
โข Latin America
Request a discount on the Humic-based Biostimulants market report @ https://www.reportsanddata.com/discount-enquiry-form/3758
Major Highlights of the Humic-based Biostimulants Market Report:
โข A complete market overview
โข An objective assessment of the Humic-based Biostimulants marketโs growth trajectory during the forecast period
โข Full coverage of the unprecedented changes in market dynamics during the pandemic era
โข Market segmentation on both regional and global levels
โข Projections of the historical, current, and forecast market size in terms of value and volume
โข Closer look at the recent industry trends and developments
โข Business growth strategies of key market players in the major regional markets
โข Recommendations for new market entrants on strengthening presence in the global market
Request a customized copy of the report @ https:// ww.reportsanddata.com/request-customization-form/3758
Thank you for reading our report. To know more about the customization feature, please get in touch with us and our team will ensure the report is customized to meet your requirements.
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