Global Humic Acid Organic Fertilizer Market is expected to grow at a CAGR of xx% during the forecast period from 2019-2025

As per the report published by Fior Markets, the global humic acid organic fertilizer market is expected to reach USD xx Million by 2025, at a CAGR of xx% from 2018 to 2025. The North America region is dominating the market due to the easy accessibility of raw materials and technological advancement in producing this acid which will foster the industry demand. Also, soaring awareness in using these products and expanding number of manufacturers and consumers in the region will have a positive impact on the industry size.

Global Humic Acid Organic Fertilizer Market by Type (Solid Humic Acid Organic Fertilizer, Liquid Humic Acid Organic Fertilizer), Application (Agriculture, Horticulture), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

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Prominent leaders in the industry include Arctech, The Anderson, Saosis, NTS, Humintech, among otherswhichare offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in 2018, PHI Group, Inc., a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, announced that it had signed a Memorandum of Understanding ("MOU") with Vietnam Green Agriculture Company, Ltd. ("VinaXanh") to cooperate in the manufacture and sale of bio-organic fertilizer products developed by VinaXanh, both in Vietnam and in international markets.

The type segment is classified into solid humic acid organic fertilizer and liquid humic acid organic fertilizer. The humic acid organic fertilisers may be found in solid or liquid state depending upon its availability.In compacted soils or hard pan, they are mixed with water and are added into the soil which can help to break up such soils, allowing the available nutrients to reach deeper into the root zone.The application segment includes agriculture and horticulture. The humic acid oranic fertilisers are basically used in agriculture. Humic acid is a principal component of humic substances, which are the major organic constituents of soil (humus), peat and coal.Humus influences soil fertility through its effect on the water-holding capacity of the soil.Humic acids are commonly used as a soil supplement in agriculture. By improving soil texture, increasing water retention, providing available carbon to soil and promoting the growth of living cells, humics make the land fertile and productive as nature intended

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Growing demand because of increased yields of crops, vegetables and fruits and produces superior turf and deep roots is a major factor driving the market. These fertilizers can be held for longer time periods in the root zone with the assistance of granular humic acids which will allow plants to absorb more nutrients.Less widespread credibility has limited their use to small proportions of farmers which may hamper the growth of market. However, critical need exists to enhance soil fertility to feed world's growing population which may boost the market in coming years.

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