Humic Acid Market Size is Projected to Reach US$ 988.4 Million by 2027 | Growing at a CAGR of 9.60% | Unique Report on Segments, Opportunity, and Global Forecast

Humic Acid Market Report Overview :

According to IMARC Group's latest report, titled "Humic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

A Closer Look at the Humic Acid Market Size | 2022

The global humic acid market reached a value of US$ 545.9 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 988.4 Million by 2027 exhibiting a CAGR of 9.60% during 2022-2027.

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Humic Acid Market Insight:

Humic acid refers to an organic substance formed through the biological activities of microorganisms and the biological and chemical humification of animal and plant matter. It is commercially available in numerous liquid, powdered, and granular variants. It is a good source of essential nutrients, such as minerals, vitamins, potassium, phosphorous, and other trace elements. As a result, humic acid is widely used as a fertilizer additive to enhance soil fertility and texture, improve nutrient absorption and water retention, promote crop growth, and maintain the soil pH level.

Humic Acid Market Current Trends & Future Predictions :

The global humic acid market is primarily driven by the shifting inclination of farmers toward organic fertilizers due to the growing awareness regarding the harmful effects of chemicals. Additionally, there has been widespread adoption of humic acid in horticulture to enhance cation-exchange capacity (CEC) and oxygen content in the soil.

Along with this, the rising need for sustainable agriculture has augmented the demand for humic acid. Furthermore, the launch of bio-stimulants to promote plant growth by improving their tolerance to abiotic stresses and increasing grain yield quality has accelerated the product adoption rate.

Other factors, including the emerging applications in cosmetics, pharmaceutical, and nutraceutical industries, rising product usage in animal feed, increasing organic farming, and favorable government initiatives, are also anticipated to propel the market growth.

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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 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. and 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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