Artificial Humus Market Growing Trends and Demands Analysis Forecast 2024 to 2031

The global artificial humus market, as outlined by Allied Market Research, exhibited promising growth trends in recent years. From 2021 to 2031, it is projected to witness a compound annual growth rate (CAGR) of 6.5%, with revenues expected to increase from $169.6 million in 2021 to $314.3 million by 2031. This growth trajectory is influenced by various market dynamics, including increasing demand for artificial humus and the expanding market for organic fertilizers and biostimulants. However, challenges such as limited awareness among farmers regarding the benefits of artificial humus remain.

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Despite facing setbacks due to the COVID-19 pandemic, characterized by global lockdowns and stringent regulations, the agricultural sector is anticipated to rebound strongly over the next decade. Population growth and rising food demand are driving factors expected to boost the demand for artificial humus in the agricultural industry.

The report offers a comprehensive analysis of the market, covering segmentation by form type, applications, and regions. The powder segment dominated the market in 2021 and is forecasted to maintain its leadership position, with a projected CAGR of 6.6% from 2022 to 2031. Similarly, in terms of applications, agriculture accounted for the highest share in 2021, while horticulture is expected to exhibit the highest CAGR during the forecast period.

Geographically, Asia-Pacific held the largest market share in 2021 and is poised to maintain its dominance, with a projected CAGR of 6.8%. The region's rapid growth can be attributed to factors such as increasing agricultural activities and rising awareness regarding the benefits of artificial humus.

Key players in the global artificial humus market include Humusolver, The Fertrell Company, Ohio Earth Food, Novihum Technologies GmbH, among others. These companies have adopted various strategies such as product launches, collaborations, and expansions to strengthen their market position.

For detailed statistical data, graphs, and insights into key players' strategies, interested parties can access the full report through Allied Market Research's platform.

Obtain Report Details: https://www.alliedmarketresearch.com/artificial-humus-market-A47247

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