Key Players in the Humic-based #biostimulants Market are Set for an Overhaul to Keep Pace with Changing World in a Post-COVID.

The global humic-based biostimulants market is projected to reach USD 848 million, with a CAGR of 10.5% ****ween 2020 and 2025

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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.

COVID-19 impact on Humic-based biostimulants market:

The humic-based biostimulants market includes major Tier I and II suppliers like Novihum Technologies GMBH ( Germany), Humintech GMBH (Germany), Qingdao Future Group (China), Promisol (Spain), and Bioline (Canada). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW.

The impact of the COVID-19 pandemic on the humic-based biostimulants market has been minimal, especially because of supply chain disruption. Many consumers have adopted a healthy lifestyle during the outbreak of COVID-19, because of which the demand for organic food products has gained more traction; hence the demand for biological inputs has boosted. The barriers imposed by the government have although not affected the agriculture sector much, with the manufacturing plants running seamlessly even during lockdowns. Therefore the biostimulants which are combined with fertilizers have gained more market.

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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).