Humic-based Biostimulants Market Trends

Key Emerging Trends in the Humic-based Biostimulants Market

The escalating global population is driving an increased demand for food resources worldwide. The availability of arable land and accessible water stands as crucial factors determining a nation's capability to sustain its populace. Agriculture, in this modern era, encounters numerous challenges, and one of the paramount concerns is harmonizing agricultural output with the surging population. The demographic landscape, marked by population growth, alongside urbanization, income escalation, shifts in lifestyle, and evolving food preferences, will inexorably heighten the demand for food. Developing regions like Latin America and the Asia Pacific grapple with population pressures, underscoring the necessity to concentrate efforts on prudent land use and effective water management.

Take Latin America, for instance—it boasts substantial untapped agricultural land, primarily concentrated in Brazil and Argentina. This region is poised to retain a pivotal role in global food production and exports. Latin American countries have been actively engaged in producing and exporting a diverse array of agricultural commodities, spanning from coffee in Brazil and Columbia to beef in Argentina. These nations have witnessed commendable agricultural productivity growth rates in recent years. Notably, a significant portion (about 70-80%) of Latin America's GDP surge over the past 12-15 years can be attributed to robust labor inputs. This underscores a pivotal point: the region's growth is more fueled by expanding populations rather than an uptick in productivity. Furthermore, the increased participation of women in the labor force, particularly within the agricultural sector, compensates for aging populations, mitigating the challenges posed to the labor pool.

In Asia Pacific, sustainable agriculture faces a significant threat in the form of land degradation. Large swaths of agricultural and forested lands across the region have already been lost, exacerbating the challenge of land degradation. Countries like China suffer severe consequences as desertification encroaches upon their territories. A considerable portion of this degradation stems from the excessive use of chemical pesticides and fertilizers. In a bid to fulfill their basic food needs, impoverished rural farmers are compelled to engage in intensive farming on forested lands or steep slopes, making these areas highly susceptible to erosion. Additionally, land degradation is further aggravated by the excessive application of mineral fertilizers and the intensive keeping of livestock.

As per the United Nations' Department of Economic and Social Affairs, the global population surged to 7.3 billion by mid-2015, marking an addition of approximately one billion individuals in the past twelve years. In Latin America and the Caribbean, 9% of the world's population, roughly 634 million people, reside. Enhancing agricultural yield becomes crucial to fulfill domestic food requirements and sustain competitive exports at the regional level. These myriad factors collectively impact the demand for biostimulants, driving a notable surge in their sales.