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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

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-fig-17.png

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.

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