Humic-based Biostimulants Market

Market Leaders - Humic-based Biostimulants Market

The global humic-based biostimulants market is estimated to be valued at USD 515 million in 2020 and projected to reach USD 848 million, with a CAGR of 10.5% between 2020 and 2025. The growth of the humic-based biostimulants industry is driven by various factors, such as the enhancement in the crop productivity with improvement in the quality and quantity of the crops, demand for sustainable solutions to preserve the biodiversity and to achieve the export standards of the crop produce.

Key players in the humic-based biostimulants market include Bayer AG (Germany), FMC Corporation (US), UPL Ltd(India), Borregaard (Norway), Koppert Biological Systems (Netherlands), Valagro SpA (Italy), Biolchim SpA (Italy), and Humic Growth Solutions (Florida). Product launches, acquisitions, agreements, collaborations, and partnerships were some of the core strengths of the leading players in the humic-based biostimulants market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other leading players in the humic-based biostimulants market include Haifa Group (Israel), Sikko International Ltd (India), Novihum Technologies GMBH ( Germany), Humintech GMBH (Germany), Qingdao Future Group (China), Promisol (Spain), Bioline (Canada), Actagro (US), Rovensa (Portugal), Tagrow (China), CIFO (Italy) and Loveland (US).

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Bayer AG (Germany) is operating through four business segments, which are pharmaceuticals, consumer health, animal health, and CropScience. The company is involved in the production of a wide range of products under the CropScience division. It acquired Monsanto (US) in 2018, in amalgamation with Novozymes A/S (Denmark), formed the BioAg Alliance to develop microbial solutions to increase crop yield and enhance sustainability in farming solutions. The company has its presence in North America, South America, Europe, Asia, Africa, and Australia.  Bayer AG carried out acquisitions of companies, such as Monsanto (US), to enhance nature-powered innovation for developing more innovative and sustainable products for the future.

FMC Corporation is one of the largest agrochemical companies, focusing on crop protection and plant health. The plant health business segment represents a diverse group of plant protection products derived from microorganisms and other naturally occurring materials, which has grown significantly over the years. The company’s European Innovation Centre focuses on producing new bioinsecticides, bionematicides, biofungicides, and biostimulants. Thus, the biological products offered by the company feature new modes of action and sustainability profiles. The company also opened a pilot fermentation facility in July 2019 at the FMC European Innovation Centre in Denmark to support its Plant Health business in developing natural biological product solutions. FMC focuses on delivering differentiated products with performance that stands out from the competition, such as longer shelf life, high stability, low-use rates, and compatibility with other chemistries.

Related Reports:

Humic-based Biostimulants Market by Type (Humic Acid, Fulvic Acid, and Potassium Humate), Mode of Application (Foliar Treatment, Seed Treatment, and Soil Treatment), Formulation, Crop Application, and Region - Global Forecast to 2025

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Report Code
AGI 7771
RI Published ON
10/26/2020
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