Humus Concentrate Market

Humus Concentrate Market Outlook (2022-2032)

The global humus concentrate market is currently valued at US$ 4.23 billion and is anticipated to expand at a CAGR of 4.6% to reach US$ 6.67 billion by 2032.

Together, Europe and North America account for more than 50% of the global humus concentrate market share.

Report Attributes	Details
Humus Concentrate Market Size (2022E)	US$ 4.23 Billion
Forecasted Market Value (2032F)	US$ 6.67 Billion
Global Market Growth Rate (2022-2032)	4.6% CAGR
North America Market Share (2022)	22.3%
Europe Market Share (2022)	28.6%
Market Share of Top 3 Countries	23.9%
Key Companies Profiled	Novihum Humintech Humusolver Fertrell Ohio Earth Food Sustainable Farming Plasmabiotec Organic Approach Nature’s Force Organics AgriEnergy Resources King Humus Plus

Humus Concentrate Sales Analysis (2017-2021) Vs. Market Outlook (2022-2032)

Humus is an organic substance that can act as a soil conditioner and is present in the soil of all agricultural lands. The use of humus concentrate, which is composed of natural and organic components derived from the soil, is one of the most current trends in modern agriculture.

Due to the rising need for food that is safe and free of contaminants, the market for humus concentrate will expand steadily over the coming years.

Increasing at a CAGR of 4.6%, the global humus concentrate market is projected to reach a valuation of US$ 6.67 billion by 2032.

What is Complementing Global Humus Concentrate Market Growth?

“Non-toxic, Eco-friendly & Full of Nutrients - Humus Concentrate Widely Used to Boost Soil Life”

Environment-friendly biofertilizers such as humus concentrate have made sustainable agriculture growth during the past few years. Even though the soil has a high amount of humus, it is insufficient for soil fertility. By externally adding humus concentrate, the soil will have an abundance of humus, resulting in increased soil fertility more quickly.

Humus concentrations are non-toxic, environmentally benign, simple to use, and reasonably priced. The long-term environmental effects of humus concentrate outweigh their negative chemical consequences.

The three main components of humus concentrate are humin, fulvic acid, and humic acid, as well as bacteria, fungi, and algae that aid in the soil's ability to fix nitrogen.

Humic acid also provides a natural means of pest management because it is present in considerably larger concentrations in humus concentrate than in chicken dung (>5%) and human waste (>50%).

Because the humus concentrate contains organic compounds that may meet the requirements, it has satisfied the soil's nutrient needs while also producing a sizable amount of crop output.

If producers choose to use humus concentrate instead of alternative biofertilizers, the market for humus concentrate will expand significantly on a global scale.

What Market Strategies Should New Humus Concentrate Manufacturers Rely On?

“New Comers Should Focus on Raising Awareness of Humus Concentrate among Growers, Besides Product Development, & Investments in R&D”

It is vital to organize promotional activities among growers about the use of humus concentrate to provide safe and residue-free food. Market expansion of humus concentrate depends on the development of promotional activities. Few regions have a low level of knowledge regarding the advantages of humus concentrate.

This can be accomplished by focusing on growers that use biofertilizers more specifically for their agricultural needs. If the need for it rises, there is unquestionably projected expansion for the humus concentrate market on a global scale.

• Novihum began a study project on artificial humus in Oman in 2014, and it is going to become established in the country. This is another sure-fire way to expand the market for humus concentrate.

Which Regions are More Profitable for Humus Concentrate Suppliers?

“Europe Handsomely Leading Global Humus Concentrate Landscape”

The global humus concentrate market has been studied across North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).

Europe is expected to account for the largest market share of 28.6% in the global market, in 2022. The market growth may be due to the rapidly expanding horticulture sector.

Followed by Europe, North America is predicted to account for 22.3% of the global market share, in 2022. The market in China is expected to value at around US$ 237.3 million, in 2022.

Which Sectors are Expected to Benefit Immensely from Use of Humus Concentrate?

“High Use of Humus Concentrate in Horticulture & Agriculture to Enhance Soil Life”

Fertilizers and pesticides are two of the most important materials needed in farming. Chemical fertilizers and pesticides have been a significant part of agriculture for the past 50 years, despite their relatively recent introduction to contemporary agriculture.

Agrochemicals have been heavily utilized in recent years to increase production. The use of agrochemicals extensively will undoubtedly result in a bad cropping system and other agricultural problems.

When chemical fertilizers are used carelessly, the soil productivity is lost, and some salts are produced that have an impact on the output. To restore the health of the soil, biofertilizers were developed, and they are now an excellent complement to chemical fertilizers.

Biological fertilizers are a sustainable source of nutrients that are essential for preserving the soil's fertility and sustainability.

Competitive Landscape

Competitors are aggressively exploring new mergers, acquisitions, joint ventures, and product development to acquire a competitive advantage in the market.

• To offer new solutions for the horticulture sector, Humintech became a trade partner with GreenTech, Amsterdam in the year 2018. The purpose is to respond to queries regarding fruit, flower, and vegetable innovation. This would even accelerate the market expansion of humus concentrate.

Key Segments Covered in Humus Concentrate Industry Research

• Humus Concentrate Market by Form :

  • Powder Humus Concentrate
  • Humus Concentrate Granules
  • Liquid Humus Concentrate

• Humus Concentrate Market by Function :

  • Soil Structuring
  • Drought Tolerant
  • pH Regulators
  • Growth Promoters
  • Yield Promoters

• Humus Concentrate Market by End Use :

  • Horticulture
  • Landscaping
  • Soil Remediation

• Humus Concentrate Market by Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA