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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

4.4 (60 reviews)
Published: June 2021 ID: SMRC20587
4.4 (60 reviews)
Published: June 2021 ID: SMRC20587

This report covers the impact of COVID-19 on this global market
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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:

  • Rising use in animal feed
  • Growing awareness of the health benefits
  • Growing Need For Organic Fertilizers And Bio-Stimulants

Restraining Factors & Market Threats:

  • Inconsistency efficacy of humic acid products
  • Various Chemical Counterparts

     
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.

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.        

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