Product Code: ETC4599565 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India humic-based biostimulants market import shipment demonstrated a steady growth trajectory from 2020 to 2024, reflected in the CAGR of 2.9%. Notably, between 2023 and 2024, the growth rate accelerated to 6.9%, indicating an increasing momentum in market expansion during that period.
The India humic-based biostimulants market has witnessed steady growth due to the increasing emphasis on sustainable and eco-friendly agricultural practices. Humic substances, derived from organic matter, have been recognized for their ability to enhance nutrient uptake, root development, and stress tolerance in plants. These properties make humic-based biostimulants valuable in improving crop productivity and reducing the environmental impact of farming. India farmers are increasingly incorporating these biostimulants into their agricultural practices to improve soil health and overall crop performance. Additionally, government policies and initiatives aimed at promoting organic farming and sustainable agriculture have further boosted the humic-based biostimulants market in India.
The India Humic Based Biostimulants Market is flourishing due to the growing interest in organic farming and sustainable agriculture. Humic substances, derived from organic matter, improve soil structure, nutrient retention, and plant growth. As farmers shift towards more eco-friendly and organic farming methods, humic-based biostimulants are becoming popular. These products enhance crop resilience, nutrient absorption, and overall plant health, which is driving their adoption in India agriculture.
The India humic-based biostimulants market faces challenges associated with the credibility and effectiveness of these products. Establishing scientific evidence to support the claims of humic-based biostimulants is vital for gaining the trust of farmers. Moreover, ensuring the quality and consistency of humic-based products can be a challenge. Promoting awareness and education regarding the benefits of humic-based biostimulants, particularly among small-scale farmers, is necessary for market growth.
The India humic-based biostimulants market experienced disruptions caused by the COVID-19 pandemic. Lockdowns and supply chain interruptions affected the availability and distribution of these biostimulants, resulting in delays in product adoption. Additionally, the economic uncertainties led to budget constraints for many farmers, impacting their willingness to invest in agricultural inputs like biostimulants. However, the crisis also underscored the need for enhancing crop resilience and productivity, which may drive interest in biostimulants as part of regenerative agriculture practices. As the situation stabilizes, the market is expected to recover with a growing emphasis on sustainable and organic farming.
Key players in the India humic-based biostimulants market include Saosis Biotech, Coromandel International, Futureco Bioscience, and Agro Biotech International.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Humic-based Biostimulants Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Humic-based Biostimulants Market Revenues & Volume, 2021 & 2031F |
3.3 India Humic-based Biostimulants Market - Industry Life Cycle |
3.4 India Humic-based Biostimulants Market - Porter's Five Forces |
3.5 India Humic-based Biostimulants Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Humic-based Biostimulants Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Humic-based Biostimulants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness among farmers about the benefits of using humic-based biostimulants |
4.2.2 Growing demand for organic farming practices in India |
4.2.3 Government initiatives promoting sustainable agriculture practices |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up humic-based biostimulant production facilities |
4.3.2 Lack of standardized regulations and certifications for humic-based biostimulants |
4.3.3 Limited availability of raw materials for manufacturing humic-based biostimulants |
5 India Humic-based Biostimulants Market Trends |
6 India Humic-based Biostimulants Market, By Types |
6.1 India Humic-based Biostimulants Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Humic-based Biostimulants Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Humic-based Biostimulants Market Revenues & Volume, By Humic Acid, 2021-2031F |
6.1.4 India Humic-based Biostimulants Market Revenues & Volume, By Fulvic Acid, 2021-2031F |
6.1.5 India Humic-based Biostimulants Market Revenues & Volume, By Potassium Humate, 2021-2031F |
6.2 India Humic-based Biostimulants Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Humic-based Biostimulants Market Revenues & Volume, By Seed Treatment, 2021-2031F |
6.2.3 India Humic-based Biostimulants Market Revenues & Volume, By Soil Treatment, 2021-2031F |
6.2.4 India Humic-based Biostimulants Market Revenues & Volume, By Foliar Spray, 2021-2031F |
7 India Humic-based Biostimulants Market Import-Export Trade Statistics |
7.1 India Humic-based Biostimulants Market Export to Major Countries |
7.2 India Humic-based Biostimulants Market Imports from Major Countries |
8 India Humic-based Biostimulants Market Key Performance Indicators |
8.1 Adoption rate of humic-based biostimulants by farmers |
8.2 Percentage increase in organic farming area in India |
8.3 Number of research studies and publications on the benefits of humic-based biostimulants |
9 India Humic-based Biostimulants Market - Opportunity Assessment |
9.1 India Humic-based Biostimulants Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Humic-based Biostimulants Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Humic-based Biostimulants Market - Competitive Landscape |
10.1 India Humic-based Biostimulants Market Revenue Share, By Companies, 2024 |
10.2 India Humic-based Biostimulants Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |