The new report by Expert Market Research titled, ‘Global Fulvic Acid Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global fulvic acid market, assessing the market based on its segments like forms, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): USD 2.21 Billion (Global Biostimulants Market)
• Forecast CAGR (2020-2025): 11% (Global Biostimulants Market)
• Forecast Market Size (2025): USD 4.14 Billion (Global Biostimulants Market)
Owing to the growing R&D activities, coupled with the need for containing the COVID-19 situation, the medicine and supplement segment is anticipated to increase at a rapid pace in the forecast period. This growth will directly propel the growth of the fulvic acid market because of the medicinal properties of the product. Fulvic acid-based products are used in the agriculture sector. With the rising demand for natural ingredients and increasing aversion to chemical-based fertilizers, fulvic acid is expected to witness a growth in its demand from the agricultural sector.
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Industry Definition and segmentation
With a molecular weight of 308.24 g/mol, fulvic acid is a class of natural acidic organic polymer extracted from humus, a fraction of soil organic matter (SOM). It comes under the category of those humus substances that have small molecular weight, carbon and oxygen contents, acidity, and is hydrophilic.
The forms of fulvic acid include:
On the basis of application, the market is segmented into:
The regional markets of the product include:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The growing awareness across the continents pertaining to the harmful effects of agrochemicals and fertilizers has bolstered the demand for fulvic acid-based products in the agriculture sector. The growing awareness among consumers towards leading a healthy lifestyle, rising demand for organic products, advancing agricultural sector, and accelerating government initiatives are some of the major factors expected to bolster the demand for fulvic acid in the forecast period. Another factor bolstering the market growth of the product is the growth of R&D activities in the field of diabetes and chronic diseases, which further buttresses the demand for fulvic acid-based end use products.
Key Market Players
The major players in the market are Valagro S.P.A, AgTonik, LLC (ASX: LLC), Mycsa AG, Saint Humic Acid, Nutri-Tech Solutions Pty Ltd, and Redox Industries Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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