The global Humic-Based Biostimulants Market size was USD 476 million in 2022 and is expected to reach a value of USD 1217.63 million in 2032 and register a revenue CAGR of 11% during the forecast period. Humic-based biostimulants are in high demand due to their capacity to promote plant growth and raise output. Organic compounds known as humic substances are created naturally in the soil as a result of the biological and chemical breakdown of dead organic matter. They are essential for preserving soil fertility and enhancing nutrient uptake by plants. By removing and processing humic compounds from natural sources such as leonardite, peat, and lignite, humic-based biostimulants are created.
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Top companies operating in the market and profiled in the report include:
Haifa Group, Bayer AG, Koppert Biological Systems, FMC Corporation, Humintech GmbH, Biolchim SpA, UPL Limited, PROMISOL, Sikko Industries Ltd., and Valagro SpA.
Humic-Based Biostimulants Market Segmentation:
Type Outlook (Revenue, USD Million; 2017-2027)
- Humic Acid
- Fulvic Acid
- Potassium Humate
Formulation Outlook (Revenue, USD Million; 2017-2027)
- Powder
- Granules
- Liquid
- Others
Application Outlook (Revenue, USD Million; 2017-2027)
- Foliar Treatment
- Seed Treatment
- Soil Treatment
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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