Artificial Humus Market Expected to Reach $314.3 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Artificial Humus Market," The artificial humus market was valued at $169.6 million in 2021, and is estimated to reach $314.3 million by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

Humus is dark, organic material that forms in soil when plant and animal matter decays. Natural humus substances are components of fertile humus soil, which they give its dark color. They are formed during the decomposition process of biological material. Naturally, this process takes years. Artificial humus matter has similar properties to natural ones and leads to the same positive effects on soil: improvement of soil quality and overall soil structure, water retention, mineral binding and increase of microbial activity in soils.

Humus contains many useful nutrients for healthy soil. One of the most important is nitrogen. Nitrogen is a key nutrient for most plants. Agriculture depends on nitrogen and other nutrients found in humus. When humus is in soil, the soil will crumble. Air and water move easily through the loose soil, and oxygen can reach the roots of plants. Humus can be produced naturally or through a process called composting. When people compost, they collect decaying organic material, such as food and garden scraps, that will be turned into soil.

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. Artificial humus provides abundant organic carbon and helps to maintain a hydrated, pH and redox buffered environment hosting the soil microbiome.

Artificial humus are non-toxic, environmentally benign, simple to use, and reasonably priced. The long-term environmental effects of humus concentrate outweigh their negative chemical consequences. This factor will boost the growth for artificial humus over the projection period.

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%). The soil's nutrient requirements have been met by artificial humus, which contains organic compounds that may be sufficient while also yielding a considerable amount of crop output. The market for humus concentrate will grow dramatically on a global scale if producers decide to utilize it instead of alternative biofertilizers.

The artificial humus market is segmented on the basis of form, application and region. On the basis of form, artificial humus market is segmented into powder, liquid and granules. On the basis of application, artificial humus market is segmented into agriculture, horticulture, ornamental & flowers, seed treatment, and others. The regional market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of form, powder form was the largest revenue generator, in 2021 and is anticipated to register a highest CAGR of 6.6% during the forecast period owing to active metal center offers many properties such as high stability, high accuracy and others.

On the basis of application, in 2021, agriculture while was the largest revenue generator, and while horticulture industry is anticipated to register the highest CAGR of 6.9% during the forecast period. The growing demand for artificial humus from the agriculture and horticulture industries, this factor will drive the market growth forecast period.

Region-wise, the artificial humus market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific artificial humus market size is projected to grow at the highest CAGR of 6.8% during the forecast period owing to the growing demand for artificial humus in agriculture industry in the region.

The major players operating in the industry include Humusolver, The Fertrell Company, Ohio Earth Food, Novihum Technologies GmbH, Humintech, Organic Approach, LLC., Nature's Force Organics, Faust Bio-Agricultural Services, Inc., Nutri-Tech Solutions Pty Ltd. and Agbest Technology Co.,Ltd. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares.

KEY FINDINGS OF THE STUDY

• On the basis of type, the powder segment is projected to grow at the highest CAGR of approximately 6.6%, in terms of revenue, during the forecast period.
• On the basis of application, the horticulture segment is projected to grow at the highest CAGR of approximately 6.9%, in terms of revenue, during the forecast period.
• On the basis of region, the Asia-Pacific segment is projected to grow at the highest CAGR of approximately 6.8%, in terms of revenue, during the forecast period.

IMPACT OF COVID-19 ON THE GLOBAL ARTIFICIAL HUMUS MARKET

Asia-Pacific is a key supplier of artificial humus, thus restrictions put on Asia-Pacific countries to contain and minimize the spread of the virus reduced demand for artificial humus products during the COVID-19 pandemic. From 2021, the operations of various end-use industries have started normally which helped to increase demand for artificial humus from end-use industries such as agriculture, horticulture and others.