Press release
Humic Acid Market to witness growth at a CAGR above 12%.
"Humic Acid Market is projected to exceed USD 1 billion according to this new research report.
Synthetic chemicals may result in degradation of groundwater quality on extreme usage. Growing cognizance towards the detrimental effects of synthetic agrochemicals and chemical fertilizers, particularly in the developed countries of North America and Europe, will have significant impact on the growth of humic acid market. Furthermore, the government regulations like Common Agricultural Policy under the European Union which involved investment of 30% direct payments to support the usage of bio-based resources in farming. The global humic acid market demand is likely to observe a substantial rise in the abovementioned regions by 2024.
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In short run, the market growth will witness a restraint of less awareness regarding organic farming benefits in the developing agro-based economies like China, India, Brazil, etc. Also, the availability of low-cost chemical fertilizers and their nutrient composition might impact the product market growth negatively in the immediate future. As per the Department of Fertilizer under Indian Government, by 2020, the demand of urea is projected at over 35 kilo tons in the country, with a stable growth at over 3% CAGR. Such factors might have affect the humic acid industry growth negatively.
Agricultural application will hold the largest share in the market by 2024, due to growing inclination for organic farming especially in the developed economies. Several government grants and subsidiaries in different nations will further boost the segment growth.
The horticultural application segment is estimated to have revenue more than USD 200 million in the forecast period. Globally increasing awareness regarding the environmental and health hazards of chemical fertilizers is likely to propel the market growth.
For the humic acid market, the dietary supplements segment will observe revenue more than USD 100 million in the forecast period. Medicinal properties of the product coupled with rising inclination among the youth and the middle age populace towards body toning and fitness are likely to further enhance the market growth.
Browse key industry insights from the report, “humic acid market” in detail along with the table of contents:
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North America market is estimated to generate revenue over USD 400 million by 2024. The significant presence of U.S. organic food industry is likely to influence the regional industry growth positively in the coming years.
European humic acid market will observe growth trends by 2024 owing to the rapidly growing regional organic sector. Funding initiatives by the government in association with the Common Agriculture Policy will propel the European market growth. The region is estimated to observe revenue more than USD 300 million in the forecast timeframe.
Key market players are Wilbur-Ellis Company, The Andersons, Humintech, NPK Industries, Black Earth Humic, Nature's Lawn & Garden, Biolchim, Grow More, Faust Bio-Agricultural Services, Nutri-Tech Solutions, Agriculture Solutions, Tagrow Co. Ltd., Humic Growth Solutions, Saint Humic Acid, WinField Solutions, Organic Approach, Jiloca Industrial National Pesticides & Chemicals and Sikko Industries.
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Humic acid market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Humic acid market by application
o Hydrocarbons
o Agriculture
o Ecological Bioremediation
o Horticulture
o Dietary Supplements
The above information is provided on a regional and country basis for the following:
o North America
§ U.S.
§ Canada
o Europe
§ Germany
§ UK
§ France
§ Spain
§ Italy
o Asia Pacific
§ China
§ India
§ Japan
§ Australia
§ Indonesia
§ Malaysia
o Latin America
§ Brazil
§ Mexico
o Middle East & Africa
§ South Africa
§ GCC
Report Content
Chapter 5. Humic Acid Market, By Region
5.1. Global humic acid market volume share by region, 2016 & 2024
5.2. North America
5.2.1. North America market estimates and forecast, 2013 - 2024
5.2.2. North America market estimates and forecasts by application, 2013 – 2024
5.2.3. U.S.
5.2.3.1. U.S market estimates and forecast, 2013 - 2024
5.2.3.2. U.S. market estimates and forecasts by application, 2013 – 2024
5.2.4. Canada
5.2.4.1. Canada market estimates and forecast, 2013 - 2024
5.2.4.2. Canada market estimates and forecasts by application, 2013 – 2024
5.3. Europe
5.3.1. Europe market estimates and forecast, 2013 - 2024
5.3.2. Europe market estimates and forecasts by application, 2013 – 2024
5.3.3. Germany
5.3.3.1. Germany market estimates and forecast, 2013 – 2024
5.3.3.2. Germany market estimates and forecasts by application, 2013 – 2024
5.3.4. UK
5.3.4.1. UK market estimates and forecast, 2013 - 2024
5.3.4.2. UK market estimates and forecasts by application, 2013 – 2024
5.3.5. France
5.3.5.1. France market estimates and forecast, 2013 - 2024
5.3.5.2. France market estimates and forecasts by application, 2013 – 2024
5.3.6. Spain
5.3.6.1. Spain market estimates and forecast, 2013 - 2024
5.3.6.2. Spain market estimates and forecasts by application, 2013 – 2024
5.3.7. Italy
5.3.7.1. Italy market estimates and forecast, 2013 - 2024
5.3.7.2. Italy market estimates and forecasts by application, 2013 – 2024
5.4. Asia Pacific
5.4.1. Asia Pacific market estimates and forecast, 2013 - 2024
5.4.2. Asia Pacific market estimates and forecasts by application, 2013 – 2024
5.4.3. China
5.4.3.1. China market estimates and forecast, 2013 - 2024
5.4.3.2. China market estimates and forecasts by application, 2013 – 2024
5.4.4. India
5.4.4.1. India market estimates and forecast, 2013 - 2024
5.4.4.2. India market estimates and forecasts by application, 2013 – 2024
5.4.5. Japan
5.4.5.1. Japan market estimates and forecast, 2013 - 2024
5.4.5.2. Japan market estimates and forecasts by application, 2013 – 2024
5.4.6. Australia
5.4.6.1. Australia market estimates and forecast, 2013 - 2024
5.4.6.2. Australia market estimates and forecasts by application, 2013 – 2024
5.4.7. Indonesia
5.4.7.1. Indonesia market estimates and forecast, 2013 - 2024
5.4.7.2. Indonesia market estimates and forecasts by application, 2013 – 2024
5.4.8. Malaysia
5.4.8.1. Malaysia market estimates and forecast, 2013 - 2024
5.4.8.2. Malaysia market estimates and forecasts by application, 2013 – 2024
5.5. Latin America (LATAM)
5.5.1. LATAM market estimates and forecast, 2013 - 2024
5.5.2. LATAM market estimates and forecasts by application, 2013 – 2024
5.5.3. Brazil
5.5.3.1. Brazil market estimates and forecast, 2013 - 2024
5.5.3.2. Brazil market estimates and forecasts by application, 2013 – 2024
5.5.4. Mexico
5.5.4.1. Mexico market estimates and forecast, 2013 - 2024
5.5.4.2. Mexico market estimates and forecasts by application, 2013 – 2024
5.6. Middle East & Africa (MEA)
5.6.1. MEA market estimates and forecast, 2013 - 2024
5.6.2. MEA market estimates and forecasts by application, 2013 – 2024
5.6.3. South Africa
5.6.3.1. South Africa market estimates and forecast, 2013 - 2024
5.6.3.2. South Africa market estimates and forecasts by application, 2013 – 2024
5.6.4. GCC
5.6.4.1. GCC market estimates and forecast, 2013 - 2024
5.6.4.2. GCC market estimates and forecasts by application, 2013 – 2024
Chapter 6. Company Profiles
6.1. The Andersons, Inc.
6.1.1. Business Overview
6.1.2. Financial Data
6.1.3. Application Landscape
6.1.4. Strategic Outlook
6.2. Black Earth Humic LP
6.2.1. Business Overview
6.2.2. Financial Data
6.2.3. Application Landscape
6.2.4. Strategic Outlook
6.3. Faust Bio-Agricultural Services, Inc.
6.3.1. Business Overview
6.3.2. Financial Data
6.3.3. Application Landscape
6.3.4. Strategic Outlook
6.4. Biolchim S.p.A.
6.4.1. Business Overview
6.4.2. Financial Data
6.4.3. Application Landscape
6.4.4. Strategic Outlook
6.5. Humintech GmbH
6.5.1. Business Overview
6.5.2. Financial Data
6.5.3. Application Landscape
6.5.4. Strategic Outlook
6.6. Changsha Xian Shan Yuan Agriculture and Technology Co., Ltd.
6.6.1. Business Overview
6.6.2. Financial Data
6.6.3. Application Landscape
6.6.4. Strategic Outlook
6.7. NPK Industries
6.7.1. Business Overview
6.7.2. Financial Data
6.7.3. Application Landscape
6.7.4. Strategic Outlook
6.8. Agriculture Solutions Inc.
6.8.1. Business Overview
6.8.2. Financial Data
6.8.3. Application Landscape
6.8.4. Strategic Outlook
6.9. Humic Growth Solutions, Inc.
6.9.1. Business Overview
6.9.2. Financial Data
6.9.3. Application Landscape
6.9.4. Strategic Outlook
6.10. Everwood Farm
6.10.1. Business Overview
6.10.2. Financial Data
6.10.3. Application Landscape
6.10.4. Strategic Outlook
6.11. Nutri-Tech Solutions Pty Ltd.
6.11.1. Business Overview
6.11.2. Financial Data
6.11.3. Application Landscape
6.11.4. Strategic Outlook
6.12. Nature's Lawn & Garden, Inc.
6.12.1. Business Overview
6.12.2. Financial Data
6.12.3. Application Landscape
6.12.4. Strategic Outlook
6.13. Tagrow Co., Ltd.
6.13.1. Business Overview
6.13.2. Financial Data
6.13.3. Application Landscape
6.13.4. Strategic Outlook
6.14. Grow More Inc.
6.14.1. Business Overview
6.14.2. Financial Data
6.14.3. Application Landscape
6.14.4. Strategic Outlook
6.15. WinField Solutions, LLC.
6.15.1. Business Overview
6.15.2. Financial Data
6.15.3. Application Landscape
6.15.4. Strategic Outlook
6.16. National Pesticides & Chemicals
6.16.1. Business Overview
6.16.2. Financial Data
6.16.3. Application Landscape
6.16.4. Strategic Outlook
6.17. Manidharma Biotech Private Limited
6.17.1. Business Overview
6.17.2. Financial Data
6.17.3. Application Landscape
6.17.4. Strategic Outlook
6.18. Sikko Industries Ltd.
6.18.1. Business Overview
6.18.2. Financial Data
6.18.3. Application Landscape
6.18.4. Strategic Outlook
6.19. Organic Approach LLC
6.19.1. Business Overview
6.19.2. Financial Data
6.19.3. Application Landscape
6.19.4. Strategic Outlook
6.20. Wilbur-Ellis Company LLC
6.20.1. Business Overview
6.20.2. Financial Data
6.20.3. Application Landscape
6.20.4. Strategic Outlook
6.21. Jiloca Industrial, S.A.
6.21.1. Business Overview
6.21.2. Financial Data
6.21.3. Application Landscape
6.21.4. Strategic Outlook
6.22. Saint Humic Acid
6.22.1. Business Overview
6.22.2. Financial Data
6.22.3. Application Landscape
6.22.4. Strategic Outlook
Browse full Table of Content @ https://www.gminsights.com/toc/detail/humic-acid-market
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