Humic Acid Market Analysis, Growth rate, Global Trends and Forecasts to 2027
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Humic Acid Market To Reach USD 624.98 Million By 2026
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Transcript of Humic Acid Market Analysis, Growth rate, Global Trends and Forecasts to 2027
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Humic Acid Market To Reach USD 624.98 Million By 2026
Growing adoption of humic acid for various industrial uses coupled with increasing scale of organic farming is anticipated to drive demand.
Humic Acid Market Size – USD 388.02 million in 2018, Market Growth - CAGR of 6.1%, Market Trends – Growing demand from various application
Market Summary
Our ApproachMarket Summary
The global Humic Acid market is expected to reach USD 624.98 million by 2026, according to a new report by
Reports and Data. Growing demand of humic acid from various applications coupled with increasing
adoption of organic farming globally is a key factor influencing market growth.
Agricultural centers across the globe have been experimenting on the effect of humic acid on plants.
According to available literature, the ability of soil to plant root growth does not depends only on the
concentration of nutrients but also on its organic matter content, depth, texture, acidity and water-retention
capacity. Based on results, humates have been found to influence crop yields by improving soil texture, water
retention and nutrient buffering capacity
Europe is expected to grow at a CAGR of 6.4% in the forecast period. A number of crops and fruits &
vegetables, which have been experimented for measuring the effect of humic acid, are grown on a large scale
in Europe. Some of these include grapes, pears, tomatoes, potatoes, wheat and maize. Application of humic
acid across these crops is expected to enhance the root-shoot growth and promote microbial activity.
Key participants include Nutri-Tech Solutions, Humintech GmbH, Humic Growth Solutions, Omnia
Specialities, Canadian Humalite International, Grow More, AMCOl International and Jiloca
International S.A. Humintech GmbH is a key player in the humic acid market. With a consumer base in
almost 70 countries, the company has been ranked as the leading technology company for humic acid based
products.
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Our ApproachMarket Summary
For the purpose of this report, Reports and Data have segmented global Humic Acid market on the basis of type, application and region:
Product Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)
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Granular Form
Application Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)
Agriculture
Industrial
Animal Feed
Pharmaceutical
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Our ApproachMarket Summary
Further key findings from the report suggest
Pharmaceutical segment is projected to be one of the fastest growing applications of the Humic Acid. It is
anticipated to grow at a CAGR of 5.7% in the forecast period. Humates which are formed from peat have
been used for the treatment of gastric, intestinal and hepatic diseases. Humic acid is generally used for
musculoskeletal disorders, gynecological problems and skin treatment. Adoption of humic acid in organic
farming is expected to play a major role in improving the health of consumers across the globe.
Europe is projected to grow significantly in the forecast period. Manufacturers of animal feed in Europe are
also anticipated to adopt humic acid as an ingredient. Increasing gastrointestinal infections coupled with the
growing incidence of zoonotic diseases in the region is likely to lead to an increase in adoption of humic acid.
Adoption of humic acid for producing animal feed is expected to ensure an improved utilization of nutrients
in animals thereby stabilizing the feces consistency of animals…Continued
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