Humic Acid Market
Humic Acid Market Forecasts to 2028 – Global Analysis By Form (Artificial , Granular, Liquid, Powdered ), Application (Agriculture, Animal Feed, Chemical, Industrial, Pharmaceuticals, Soil, Water Purification), and By Geography
According to Stratistics MRC, the Global Humic Acid Market is accounted for $663.96 million in 2020 and is expected to reach $2,176.75 million by 2028 growing at a CAGR of 16.0% during the forecast period. Increased usage in making animal feed and huge demand from the agriculture sector is driving the market growth. However, various chemical counterparts may hamper the market growth.
Humic acid is the water-soluble organic acid naturally present in soil organic matter. It is a collection of different molecular weight compounds with similar characteristics. They are generally defined by the process through which they are isolated. It provides a source of soil building carbon.
Based on application, the agriculture segment is going to have lucrative growth during the forecast period due to increasing awareness towards using organic fertilizers to enhance crop productivity. By geography, Asia Pacific is going to have high growth during the forecast period, as it helps to increase the productivity of the crop.
Some of the key players profiled in the Humic Acid include Agbest Technology Co., Limited, Agriculture Solutions Inc., Biolchim S.p.A, Black Earth Humic LP , Changsha Xian Shan Yuan Agriculture and Technology Co., Ltd, Daymsa , Everwood Farm, Faust Bio-Agricultural Services, Inc, Humic Growth Solutions, Inc, Humintech GmbH, Nature's Lawn & Garden, Inc, Nutri-Tech Solutions Pty. Ltd, Sikko Industries Ltd , Tagrow Co., Ltd, and The Anderson, Inc.
Report Coverage |
Details |
Published Year: |
2021 |
Estimated Market Size in 2020: |
USD 663.96 million |
Estimated Period: |
2020 |
Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
16.0% |
Predicted 2028 Value: |
USD 2,176.75 million |
Forecast Years: |
2021-2028 |
Tables, Graphs & Figures |
251 |
Chapters Covered: |
Form, Crop Type, Type, Application, Sales Channel and Region |
Core Drivers and Opportunities: |
|
Restraining Factors & Market Threats: |
|
Forms Covered:
• Artificial Humic Acid
• Granular Humic Acid
• Liquid Humic Acid
• Natural Humic Acid
• Powdered Humic Acid
Crop Types Covered:
• Fruits and Vegetables
• Row Crops
• Turf and Ornamentals
Types Covered:
• Fulvic Acid
• Humic Acid
• Ulmic Acid
Applications Covered:
• Agriculture
• Animal Feed
• Chemical Industry
• Construction
• Dietary Supplements
• Ecological Bioremediation
• Environmental Protection
• Foliar
• Horticulture
• Industrial
• Radical Scavenger & Anti-Oxidant
• Organic Electrolyte
• Pollution Detoxifier and Nutrients
• Petroleum
• Pharmaceuticals
• Seed
• Soil
• Water Purification
• Other Applications
Sales Channels Covered:
• Direct Sales
• Indirect Sales
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Humic Acid Market is majorly driven by growing awareness of the health benefits, rising use in animal feed, and increasing demand in the agriculture sector.
The agriculture segment is growing at a highest CAGR owing to enhancement in plant mechanisms such as photosynthesis, enzyme activities, protein synthesis, cell respiration and nutrients and water uptake which have improved plant growth.
Europe dominated with a significant market share owing to the growing organic farming trend and demand for organic products.
Asia Pacific market is growing at a highest CAGR owing to industrial practices being adopted in agriculture and growing awareness about the harmful effects of agrochemicals and chemical fertilizers.
Key players in Humic Acid Market include Agbest Technology Co., Limited, Agriculture Solutions Inc., Biolchim S.p.A, Black Earth Humic LP , Changsha Xian Shan Yuan Agriculture and Technology Co., Ltd, Daymsa , Everwood Farm, Faust Bio-Agricultural Services, Inc, Humic Growth Solutions, Inc, Humintech GmbH, Nature's Lawn & Garden, Inc, Nutri-Tech Solutions Pty. Ltd, Sikko Industries Ltd , Tagrow Co., Ltd, and The Anderson, Inc.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Humic Acid Market, By Form
5.1 Introduction
5.2 Artificial Humic Acid
5.3 Granular Humic Acid
5.4 Liquid Humic Acid
5.5 Natural Humic Acid
5.6 Powdered Humic Acid
6 Global Humic Acid Market, By Crop Type
6.1 Introduction
6.2 Fruits and Vegetables
6.3 Row Crops
6.4 Turf and Ornamentals
7 Global Humic Acid Market, By Type
7.1 Introduction
7.2 Fulvic Acid
7.3 Humic Acid
7.4 Ulmic Acid
8 Global Humic Acid Market, By Application
8.1 Introduction
8.2 Agriculture
8.3 Animal Feed
8.4 Chemical Industry
8.5 Construction
8.6 Dietary Supplements
8.7 Ecological Bioremediation
8.8 Environmental Protection
8.9 Foliar
8.10 Horticulture
8.11 Industrial
8.12 Radical Scavenger & Anti-Oxidant
8.13 Organic Electrolyte
8.14 Pollution Detoxifier and Nutrients
8.15 Petroleum
8.16 Pharmaceuticals
8.17 Seed
8.18 Soil
8.19 Water Purification
8.20 Other Applications
8.20.1 Concrete Additives
8.20.2 Cosmetics
8.20.3 Leather Tanning
9 Global Humic Acid Market, By Sales Channel
9.1 Introduction
9.2 Direct Sales
9.3 Indirect Sales
10 Global Humic Acid Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Agbest Technology Co., Limited
12.2 Agriculture Solutions Inc.
12.3 Biolchim S.p.A
12.4 Black Earth Humic LP
12.5 Changsha Xian Shan Yuan Agriculture and Technology Co., Ltd
12.6 Daymsa
12.7 Everwood Farm
12.8 Faust Bio-Agricultural Services, Inc
12.9 Humic Growth Solutions, Inc
12.10 Humintech GmbH
12.11 Nature's Lawn & Garden, Inc
12.12 Nutri-Tech Solutions Pty. Ltd
12.13 Sikko Industries Ltd
12.14 Tagrow Co., Ltd
12.15 The Anderson, Inc
List of Tables
1 Global Humic Acid Market Outlook, By Region (2019-2028) ($MN)
2 Global Humic Acid Market Outlook, By Form (2019-2028) ($MN)
3 Global Humic Acid Market Outlook, By Artificial Humic Acid (2019-2028) ($MN)
4 Global Humic Acid Market Outlook, By Granular Humic Acid (2019-2028) ($MN)
5 Global Humic Acid Market Outlook, By Liquid Humic Acid (2019-2028) ($MN)
6 Global Humic Acid Market Outlook, By Natural Humic Acid (2019-2028) ($MN)
7 Global Humic Acid Market Outlook, By Powdered Humic Acid (2019-2028) ($MN)
8 Global Humic Acid Market Outlook, By Crop Type (2019-2028) ($MN)
9 Global Humic Acid Market Outlook, By Fruits and Vegetables (2019-2028) ($MN)
10 Global Humic Acid Market Outlook, By Row Crops (2019-2028) ($MN)
11 Global Humic Acid Market Outlook, By Turf and Ornamentals (2019-2028) ($MN)
12 Global Humic Acid Market Outlook, By Type (2019-2028) ($MN)
13 Global Humic Acid Market Outlook, By Fulvic Acid (2019-2028) ($MN)
14 Global Humic Acid Market Outlook, By Humic Acid (2019-2028) ($MN)
15 Global Humic Acid Market Outlook, By Ulmic Acid (2019-2028) ($MN)
16 Global Humic Acid Market Outlook, By Application (2019-2028) ($MN)
17 Global Humic Acid Market Outlook, By Agriculture (2019-2028) ($MN)
18 Global Humic Acid Market Outlook, By Animal Feed (2019-2028) ($MN)
19 Global Humic Acid Market Outlook, By Chemical Industry (2019-2028) ($MN)
20 Global Humic Acid Market Outlook, By Construction (2019-2028) ($MN)
21 Global Humic Acid Market Outlook, By Dietary Supplements (2019-2028) ($MN)
22 Global Humic Acid Market Outlook, By Ecological Bioremediation (2019-2028) ($MN)
23 Global Humic Acid Market Outlook, By Environmental Protection (2019-2028) ($MN)
24 Global Humic Acid Market Outlook, By Foliar (2019-2028) ($MN)
25 Global Humic Acid Market Outlook, By Horticulture (2019-2028) ($MN)
26 Global Humic Acid Market Outlook, By Industrial (2019-2028) ($MN)
27 Global Humic Acid Market Outlook, By Radical Scavenger & Anti-Oxidant (2019-2028) ($MN)
28 Global Humic Acid Market Outlook, By Organic Electrolyte (2019-2028) ($MN)
29 Global Humic Acid Market Outlook, By Pollution Detoxifier and Nutrients (2019-2028) ($MN)
30 Global Humic Acid Market Outlook, By Petroleum (2019-2028) ($MN)
31 Global Humic Acid Market Outlook, By Pharmaceuticals (2019-2028) ($MN)
32 Global Humic Acid Market Outlook, By Seed (2019-2028) ($MN)
33 Global Humic Acid Market Outlook, By Soil (2019-2028) ($MN)
34 Global Humic Acid Market Outlook, By Water Purification (2019-2028) ($MN)
35 Global Humic Acid Market Outlook, By Other Applications (2019-2028) ($MN)
36 Global Humic Acid Market Outlook, By Concrete Additives (2019-2028) ($MN)
37 Global Humic Acid Market Outlook, By Cosmetics (2019-2028) ($MN)
38 Global Humic Acid Market Outlook, By Leather Tanning (2019-2028) ($MN)
39 Global Humic Acid Market Outlook, By Sales Channel (2019-2028) ($MN)
40 Global Humic Acid Market Outlook, By Direct Sales (2019-2028) ($MN)
41 Global Humic Acid Market Outlook, By Indirect Sales (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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