Humic Acid Market Report, By Application (Agriculture, Horticulture, Dietary Supplements, Ecological Bioremediation, Others) and Geography - Global Market Share, Trend Analysis & Forecast

Humic acid is a group of organic compounds which binds to plant roots and helps in water and nutrient retention. It dramatically increases crop yield and helps gardeners and farmers for growing crops with optimum nutrition. Rising awareness regarding harmful effects of chemical fertilizers along with increase in adoption of organic materials in agriculture, will propel industry growth. 

Humic Acid Market Trends

• Increasing population along with changes in food consumption pattern has led to rise in need for crop yield enhancement which will boost market growth.  Humic acid is rich in nutrients which help in enhancing soil quality and water holding capacity which promotes product demand. 
• Rise in health consciousness supported by growing importance of daily health management has led to increase in consumption of dietary supplements, thus stimulating product demand in this application
• Increase in application potential in various other industries such as animal feed, cosmetics and concrete additives will act as another contributing factor towards industry growth

Humic Acid Market COVID-19 Impact

North America and Asia Pacific are the major consumers of humic acid owing to presence of end –use industries which are facing closure and production shutdowns for end use product manufacturing due to COVID 19 in these regions which will restrict product demand, thus negatively affecting industry growth.

This report provides market estimation & forecast for global humic Acid market considering economic conditions during COVID 19 pandemic. Study impact of COVID 19 on market value with holistic approach considering both supply and demand side of the market. Macro and Micro economic factors analysis pertaining to economic policies, GDP and international trade changed due to COVID 19. After COVID 19 scenarios with coping strategies adopted by the major market players

Humic Acid Market Regional Highlights

The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa.

Asia Pacific led by China and India is major consumer for humic acid and is projected to witness significant gains over the foreseeable timeframe.  Increase in adoption of sustainable agriculture practices in India and China to improve crop yield for catering rising population food products demand will support regional industry growth 

Humic Acid Market Segmental Overview

• The report analyses the global humic acid market based on application and geography
• Furthermore, the major application considered in the study is agriculture, ecological bioremediation, horticulture, dietary supplements and others.  Humic acid finds wide application in horticulture and green house cropping. Its salts which are also known as humates are increasingly used to reduce toxic effects of herbicides, pesticides and heavy metals. It acts as a bio stimulant which increase nutrient uptake in plants along with promoting growth plant health. 

Humic Acid Market Competitor Analysis

The key players in the humic acid market share The Anderson, Inc.,  Black Earth Humic LP, Daymsa, Faust Bio-Agricultural Services, Inc.,Biolchim S.p.A.,Humintech GmbH, Changsha Xian Shan Yuan Agriculture and Technology Co., Ltd., Agbest Technology Co., Limited, Agriculture Solutions Inc., Humic Growth Solutions, Inc.,  Everwood Farm,  Nutri-Tech Solutions Pty. Ltd.,  Nature's Lawn & Garden, Inc., Sikko Industries Ltd., Grow More, Inc., Tagrow Co., Ltd., WinField Solutions, LLC, Manidharma Biotech Private Limited, National Pesticides & Chemicals, Organic Approach LLC, Wilbur-Ellis Company LLC, Saint Humic Acid, Jiloca Industrial, S.A.