The key players in the global fulvic acid market include Valagro Sp.A, AgTonik, LLC, Saint Humic Acid, Nutri-Tech Solutions, Mycsa AG, and Redox Industries Limited, among others.
The global fulvic acid market is supported by the rising biostimulants market, valued at about USD 2.45 billion in 2020. The global biostimulants market is expected to grow at a CAGR of 10.8% in the forecast period of 2022-2027.
Fulvic acid is a class of natural acidic organic polymer derived from humus, a soil organic matter fraction (SOM). It is found naturally in soil, compost, and marine sediments. Fulvic acid is considered to be the result of microbial metabolism. Small molecular weight, hydrophilic, carboxylic-containing molecules characteristics, carbon and oxygen contents and acidity distinguish it from other humic compounds with higher molecular weight and differing solubility and oxygen content.
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Fulvic acid-based supplements, such as Shilajit, are used to treat several ailments and lately have witnessed a growth in their popularity, which has further aided the industry's growth. The global demand for fulvic acid-based products in the agriculture industry is being driven by increased concerns about the detrimental effects of synthetic agrochemicals and fertilisers. The market for fulvic acid is being propelled by expanding consumer health awareness, increased demand for organic products, a developing agricultural sector, and favourable government initiatives. The increased use of bio-based resources in agriculture is also driving up product demand.
Europe holds a substantial share in the market because of favourable government policies and increased demand for organic products in the region. As people become more conscious of the harmful effects of man-made chemicals on their health, they are gravitating toward organic products, which has spurred the growth of the fulvic acid industry.
Headquarters: Atessa, Italy
Valagro S.p.A. is a leading producer of biostimulants and speciality nutrients that are used in agriculture and industrial applications. The company is determined to provide innovative and effective solutions for plant care and nutrition; it has developed a series of rapidly absorbed nutrients with minimum environmental impact to offer plant organisms every required nutrient to stay healthy and strong.
Headquarters: Kalamazoo, United States
AgTonik, LLC manufactures and markets products that contain fulvic acid. It farms, greenhouses, and hydroponic operations to increase the yield and promote plant growth. The company's fastest-growing segment is hydroponic operations that grow cannabis using the high-grade fulvic acid extracted from the company's mineral deposits in the Southeast United States. The company also has an 11,000-square-foot production facility in Kalamazoo and a 2,000-square-foot research and development location in Portage.
One of the forerunners in the industry, Saint Humic Acid, specialises in the manufacture and marketing of humic acid, sodium humate, potassium humate, nitro humic acid, potassium fulvate, and fulvic acid. The company witnesses worldwide customers from more than 90 countries globally, including countries such as the United States, Australia, New Zealand, and the middle eastern and Asian countries.
Headquarters: Queensland, Australia
Nutri-Tech Solutions has been one of the leading brands in discovering a feasible alternative to extractive, chemical agriculture. They have developed a new method known as "Nutrition Farming," a more suitable soil and plant management approach. The company is also focused on improving soil health, human health, and overall planet health, i.e., to counter global warming. The company has found its influence worldwide, including countries such as the United Kingdom, India, and France, among others.
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