Humic acid (C9H9NO6) refers to a water-soluble organic substance that coagulates when the base extract is acidified. It encapsulates several essential nutrients, including minerals, potassium, phosphorous, vitamins, etc. Furthermore, humic acid is extensively utilized in fertilizer additives for improving crop fertility, enhancing plant growth, preventing soil erosion, and maintaining soil texture, pH level, moisture-holding capacity, etc. As such, it is commercially available in numerous types, including powdered, granular, and liquid forms.
| Report Metric |
| Historical: 2016-2021 |
| Base Year: 2021 |
| Forecast Year: 2022-2027 |
According to the latest report by IMARC Group, titled "Global Humic Acid Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027" reached a value of US$ 545.9 Million in 2021. Looking forward, expects the market to reach a value of US$ 988.4 Million by 2027 exhibiting a CAGR of 9.60% during 2022-2027.
Humic Acid Market Trends and Drivers:
The widespread product adoption in horticulture for enhancing the cation-exchange capacity (CEC) and oxygen content of the soil is primarily driving the humic acid market. Additionally, the shifting consumer preferences from chemical fertilizers towards organic variants that enable nutrient absorption without any harmful side effects are further catalyzing the market growth.
In line with this, the launch of various favorable policies by government bodies aimed at improving the quantity and quantity of the crop yield and educating the farmers regarding efficient nutrient management is also propelling the global market. Moreover, the increasing utilization of humic acid in animal feed to maintain the overall health of animals and augment milk production is acting as another significant growth-inducing factor.
Apart from this, the introduction of bio-stimulants that assist in influencing plant growth by elevating grain yield quality and enhancing their tolerance to abiotic stresses is anticipated to fuel the humic acid market over the forecasted period.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Humic Acid Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major key players operating in the market.
- Agbest Technology Co. Limited
- Arctech Inc.
- Black Earth Humic
- Cifo Srl
- Desarrollo Agrícola y Minero S.A.
- Humic Growth Solutions Inc.
- Humintech GmbH
- Jiangxi Pingxiang Anhua Biotechnology Co. Ltd.
- Jiloca Industrial S.A. (JISA)
- Saint Humic Acid
- The Andersons Inc.
- Xian Shan Yuan Agriculture & Technology Co. Ltd.
The report has segmented the market on the basis of region, form, sales channel and application.
Breakup by Form:
- Powdered
- Granular
- Liquid
Breakup by Sales Channel:
- Direct
- Indirect
Breakup by Application:
- Agriculture
- Animal Feed
- Pharmaceuticals
- Horticulture
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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