Humic-based Biostimulants Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The humic acid-based biostimulants market is expected to grow at a CAGR of 6.77% from 2024 to 2032, reaching a market size of around $ 590 million in 2024. The growth is projected to continue with a CAGR of 8.16% from 2024 to 2032. The market is driven by the increasing adoption of sustainable agriculture and the rising demand for organic farming solutions. As farmers and other agricultural stakeholders look for ways to improve the health and productivity of soils, humic-based biostimulants are gaining traction owing to their properties such as enhancing the uptake of nutrients and resistance to agrochemicals. The development of new formulations and application methods is further driving market growth. In recent years, a number of innovations have been made to optimize the performance and usability of humic-based biostimulants. Companies such as Biolchim S.p.A., Valagro S.p.A., and Syngenta are collaborating to develop new products and applications. Recent deals to expand distribution networks and product portfolios are a good example of these collaborations.

Regional Market Size

Regional Deep Dive

Humic-based Biostimulants Market is growing significantly across the globe, driven by the increasing awareness of sustainable farming practices and the need for enhanced crop productivity. North America is characterized by a strong focus on organic farming and regulatory support for biostimulant products. Europe showcases a variety of application and innovations, while Asia-Pacific is rapidly adopting biostimulants due to increasing agricultural demand. The Middle East and Africa are slowly shifting towards biostimulants as a solution for soil degradation, while Latin America is utilizing its agricultural base to integrate humic substances into farming practices.

Europe

• The European Union's Farm to Fork Strategy emphasizes the reduction of chemical fertilizers, leading to increased adoption of humic-based biostimulants as a sustainable alternative, which is reshaping agricultural practices across member states.
• Companies such as Biolchim and Valagro are pioneering innovative formulations that combine humic substances with other biostimulants, enhancing their effectiveness and appealing to environmentally conscious farmers.

Asia Pacific

• There are many countries that have seen an increase in the use of humic acids, and these countries are experiencing an increase in the use of humic acids.
• Local companies, such as Green Planet and AgriLife, are developing region-specific formulations that cater to the unique soil and crop conditions prevalent in Asia-Pacific, driving tailored solutions for farmers.

Latin America

• Brazil's Ministry of Agriculture is promoting the use of biostimulants, including humic-based products, as part of its strategy to enhance agricultural sustainability and productivity, which is expected to drive market growth.
• Local firms such as Fertiláqua are innovating in the development of humic acid products tailored for tropical crops, addressing the specific needs of the region's diverse agricultural landscape.

North America

• The U.S. Environmental Protection Agency (EPA) has recently streamlined the regulatory process for biostimulants, making it easier for companies to bring new products to market, which is expected to boost innovation and competition in the sector.
• Key players like BioWorks and AgriLife are investing in research and development to enhance the efficacy of humic-based products, focusing on improving soil health and crop yields, which aligns with the growing trend towards sustainable agriculture.

Middle East And Africa

• The African Union's Agenda 2063 includes initiatives to improve agricultural productivity, which is fostering interest in humic-based biostimulants as a means to combat soil degradation and enhance food security.
• Companies like BioAg and Humic Growth Solutions are actively working on projects to educate farmers about the benefits of humic substances, which is crucial for market acceptance and growth in this region.

Did You Know?

“Humic substances can improve nutrient uptake by plants by up to 30%, making them a powerful tool for enhancing agricultural productivity.” — International Humic Substances Society

Segmental Market Size

The humic-based biostimulants segment is an important part of the agricultural sector and plays a key role in enhancing the soil's health and yields. The segment is currently growing steadily as a result of the rising agricultural demand. The main drivers of the market are the increasing need for sustainable farming and organic farming policies, which promote the use of natural biostimulants over synthetic fertilizers. Moreover, technological advancements in bioprocessing are increasing the effectiveness of humic substances, which also boosts the demand. Biolchim and Valagro are the leading companies in Europe and North America, respectively. The main applications are soil amendment, seed treatment, and foliar spraying, mainly in high-value crops, such as fruits and vegetables. The trend toward sustainable agriculture and the governments' mandates for reduced chemical usage in agriculture are driving the segment's growth. The major trends are advanced extraction and formulation methods that enhance product performance and application efficiency.

Future Outlook

From 2024 to 2032, the humic-based biostimulant market is expected to increase from approximately $ 591 million to $ 1,122 million, at a compound annual growth rate of 8.32%. Its growth is based on the growing emphasis on sustainable agriculture worldwide and the rising demand for organic farming solutions. The use of humic substances is expected to spread further into conventional and organic agriculture, and by 2032 they could be used in more than 30% of the world's agricultural markets. Also, key technological innovations such as improved extraction and formulation methods will make the use of humic substances more effective and applicable, thus increasing their attractiveness to a wider range of agricultural interests. And, of course, supportive government policies promoting sustainable agriculture and reducing the use of chemicals will also drive the market. Also, the combination of biostimulants with precision agriculture and the growing focus on regenerative agriculture will have a major impact on the humic-based biostimulants market. The growing awareness of the benefits of humic substances will continue to create opportunities for innovation and investment in this area.