Humic Acid Market is Forecasted to Reach US$ 1222.08 Million in 2028, Says Stratview Research

The global humic acid market is projected to witness a growth rate of 11.88% annually from 2023 to 2028 with an anticipated size of US$ 1222.08 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global humic acid market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 1222.08 million
Growth (CAGR): 11.88% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Humic Acid Market:

The global humic acid market is segmented based on application type, form type, and region.

Based on application type - The market is segmented as agriculture, ecological bioremediation, horticulture, dietary supplements and others. The agriculture industry segment dominates the market as to achieve environmental sustainability various government initiatives are encouraging organic farming.

Based on form type - The market is segmented as powdered, granular and liquid. The powdered segment is expected to dominate the market during the assessment period. Humic acid in powdered form is frequently used in horticulture, agriculture, and pharmaceutical applications. The powdered form is the most used form of humic acid. The market is expected to be driven by the increasing uses of powdered humic acid in horticulture, agricultural, and pharmaceutical applications.

To know the most attractive segments, click here:
https://stratviewresearch.com/1778/humic-acid-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is estimated to be the largest and Asia-Pacific as the fastest-growing market for humic acid during the forecast period. This growth outlook is majorly attributed to the following-

• China, Japan, India, and Australia being the major countries with lucrative growth opportunities.
• The growth of the market is driven by the growth of various applications, such as agriculture, dietary supplements, and others, which is generating huge demand for humic acid and the presence of a large number of humic acid manufacturers in the Asia-Pacific region.
• North America and Europe are also expected to offer substantial growth opportunities during the assessment period.

Humic Acid Market Drivers:

Some of the key drivers listed in the report are given below.

• Increasing usage in various agricultural applications owing to its properties to enhance soil fertility and crop yield as it is a natural soil conditioner
• Shifting focus on organic fertilizers from chemical alternatives
• The surge in demand for green fertilizers
• Increasing awareness about the harmful effects of chemical fertilizers, inorganic chemical compounds, and stilted compounds

Top Companies in the Humic Acid Market:

Stratview Research has identified the following companies as the top market players.
• Humic Growth Solutions
• Humintech
• Black Earth Humic
• Xian Shan Yuan Agriculture & Technology Co., Ltd.
• SAINT HUMIC ACID.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Humic Acid Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Organic Fertilizers Market: https://stratviewresearch.com/3411/organic-fertilizers-market.html
• Fertilizer Market: https://stratviewresearch.com/1388/fertilizer-market.html

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This release was published on openPR.