Portland, OR, Feb. 10, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global artificial humus market garnered $169.6 million in 2021, and is estimated to generate $314.3 million by 2031, manifesting a CAGR of 6.5% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $169.6 million |
| Market Size in 2031 | $314.3 million |
| CAGR | 6.5% |
| No. of Pages in Report | 298 |
| Segments covered | form type, applications, and region |
| Drivers | Surge in demand for artificial humus |
| Opportunities | The growing demand for organic fertilizers and biostimulants |
| Restraints | The lack of awareness among farmers to use artificial humus |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global artificial humus market, owing to implementation of global lockdown, strignent restrictions, and social distancing norms.
- Nevertheless, the agricultural industry is anticipated to grow at a rapid pace over the coming ten years, due to the rise in population and surge in the demand for food across the globe. This in turn, is predicted to boost the demand for artificial humus over the projection period.
The research provides detailed segmentation of the global artificial humus market based on form type, applications, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
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Based on form type, the powder segment held the highest share in 2021, accounting for nearly two-fifths of the global artificial humus market, and is expected to continue its leadership status during the forecast period. This segment is expected to register the highest CAGR of 6.6% from 2022 to 2031.
Based on application, the agriculture segment accounted for the highest share in 2021, contributing to more than one-fourth of the global artificial humus market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the horticulture segment is expected to manifest the highest CAGR of 6.9% from 2022 to 2031.
Based on region, Asia-Pacific held the largest share in 2021, contributing to more than one-third of the global artificial humus market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 6.8% during the forecast period.
Leading market players of the global artificial humus market analyzed in the research 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., LIMITED.
The report provides a detailed analysis of these key players of the global artificial humus market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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