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3. Market Leaders: UPL and FMC SE are Focusing on Partnerships, Acquisitions, and new Product Launches to Strengthen their Market Position in Humic-based Biostimulants Market

The global market for humic-based biostimulants is estimated at USD 686 million in 2022; it is projected to grow at a CAGR of 11.5% to reach USD 1,184 million by 2027. Humic-based biostimulants encompass active ingredients, including humic acids, fulvic acids, and potassium humate. These active ingredients are considered complementary to crop nutrition and crop protection products; hence, there is a growing need for humic-based biostimulants from growers worldwide. Furthermore, there is an increased demand for sustainably produced food, with a lesser concentration of synthetic chemicals and a higher concentration of biologicals. Hence, humic-based biostimulants are helping to address this issue sustainably by providing protection against stress and stimulating plant growth.

Key players in this market include Koppert (Netherlands), Valagro SpA (Italy), Biolchim S.p.A (Italy), FMC Corporation (US), Haifa Group (Israel), UPL Ltd. (India), Bayer AG (Germany), SIKKO industries ltd (India), NOVIHUM Technologies GmbH (Germany), HUMINTECH GMBH (Germany), and BORREGAARD (Norway).

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UPL is among the emerging players in providing crop solutions designed to meet the long-term supply of food. The company offers technologies for seeds, crop protection, plant stress & stimulation, post-harvest, soil & water, and aquatic plants. The acquisition of Arysta LifeScience Inc. (Japan) in 2019 for USD 4.2 billion has enabled the company to enhance its position among the global leaders in agricultural solutions. The company is ranked fifth among the global players in crop protection product players. The company has been focusing closely on crop solutions that would cater to the growing trend for sustainable agriculture. The products offered by the company are classified into various segments, such as soil conditioners, plant growth regulators, insecticides, fungicides, herbicides, seed treatment, biocontrol, biostimulants, and acaricides. UPL’s acquisition of Arysta LifeScience encompasses all the key active ingredients in the humic-based biostimulants market. This acquisition positioned the company well in the biostimulants market. UPL’s investment in the Open Ag research platform to enhance its product sustainability until 2030 is estimated to drive its growth.

FMC has business segments of herbicides, insecticides, plant health, fungicides, and others. It is an agriculture sciences company that is among the leading manufacturers and distributors of innovative agrochemicals and lithium products for industries such as crop protection, plant health, and professional pest and turf management. They provide various products, including herbicides, fungicides, insecticides & miticides, plant growth regulators, AT-plant, harvest aids and precision platforms. FMC Corporation has agreed to acquire BioPhero to expand its biological platforms. For more than 130 years, FMC has been rooted in agriculture and innovation. The company’s European Innovation Centre has been working on R&D activities focused on producing new bioinsecticides, bionematicides, biofungicides, and biostimulants. These biological products feature new modes of action and sustainability profiles. The company has operations in North America, Europe, South America, the Middle East, and Asia Pacific, with most sales concentrated in the European, North American, and Asian regions. In 2021, FMC Corporation entered a strategic collaboration with Novozymes to co-develop and commercialize biological enzyme-based crop protection solutions targeting fungal and insect pests.

Bayer operates through four business segments, namely, pharmaceuticals, consumer health, animal health, and CropScience. The CropScience division of the company has been working on introducing seed and crop protection products and digital solutions. The company offers a wide range of products, such as insecticides, fungicides, nematicides, plant growth regulators, and seeds under the crop protection/seeds business segment. The seed treatment technologies are delivered under its seed growth business segment, with a brand named Acceleron. The acquisition of Monsanto (US) in 2018 has allowed the company to enhance its research on RNAi technology to improve the available solutions for crop protection. Monsanto (US) and Novozymes A/S (Denmark) formed the BioAg Alliance to develop microbial solutions to increase crop yield and enhance sustainability in farming solutions. Novozymes A/S offers bio-control and bio-yield enhancement solutions for crops. The new alliance between Novozymes A/S and Bayer AG will continue the joint commercialization of the BioRise 2 technology for upstream corn applications.

Related Reports:

Humic-based Biostimulants Market by Type (Humic Acid, Fulvic Acid, Potassium Humate), Application (Seed Treatment, Soil Treatment, Foliar Spray), Form, Crop Type, and Region (North America, Europe, APAC South America, Row) - Global Forecast to 2027

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