Humic Acid Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

According to the report published by Facts & Factors, the global Humic Acid Market size was worth around USD 550 million in 2019 and is predicted to grow around USD 1,500 million by 2026 with a compound annual growth rate (CAGR) of roughly 14% between 2020 and 2026. The report analyzes the global Humic Acid Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Humic Acid Market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Humic Acid industry. The report analyzes and declares the historical and current trends analysis of the Humic Acid industry and subsequently recommends the projected trends anticipated to be observed in the Humic Acid market during the upcoming years.

The Humic Acid market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entireHumic Acid market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per the details shared by our primary respondents, the Humic Acid market is expected to grow at a rate of around 14%.
• The value of Humic Acid Market was valued at around USD 550 Million in 2019.
• On the basis of type segmentation, Granular Humic Acis is expected to hold the maximum share in the market.
• On the basis of type application, Agriculture is expected to share the maximum revenue in the market.

Key Recommendations from Analysts

• As per our analysts, there is an increasing demand for Humic Acid in the market due to the rising awareness of plant nutrition due to the increasing demand for food requirements with the growing population.
• People prefer food that is grown in a sustainable way or rather than grown using chemical fertilizers due to its adverse effects on the human body.
• Humic acid is used in various industries and can be used for multiple uses such as the removal of pollutants from certain solutions. They are also used for detoxifying soil that is contaminated using toxic chemicals.
• Related to the inconsistency in the quality of their end products, manufacturers of Humic acid from various industries must create awareness among the consumers about the concentration of humic acid in their products and various ways of their usage.
• The industries involved in the Humic Acid Market are using a forward integration strategy through the acquisitions and mergers of other companies for increasing their profitability.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Humic Acid industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Humic Acid industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Humic Acid market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Humic Acid industry. The Humic Acid market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Humic Acid sector. Key strategic developments in the Humic Acid market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Humic Acid market are appropriately highlighted in the report.

Humic acid is a group of molecules that helps in growing crops without using any harmful chemical fertilizers and also helps in retaining the essential nutrients in the soil leading to the increased productivity of the crops. The usage of humic acid is considered to be sustainable as it does not have any negative impact on the soil and has less carbon footprint. Humic acid and its beneficiary uses are important due to the growing urbanization as the land available for agriculture are getting deleted which makes it necessary for the farmers to yield maximum crops in the small lands. Also, the growing awareness of sustainable and organic farming is driving the usage of humic acid as fertilizers instead of using chemical fertilizers that have a negative impact on human health in the long run. Many countries of the Asian Pacific region have agriculture as the backbone of their economies due to which it is expected that these countries would make use of humic acid on a large scale for fulfilling the demands of their growing population.

Report Scope

The Humic Acid market research report delivers an acute valuation and taxonomy of the Humic Acid industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Humic Acid industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Humic Acid industry is provided for the leading economies of the world.

The Humic Acid market is segmented based on Type and Application.  On the basis of type segmentation, the market is classified into Granular Humic Acid and Powdered Humic Acid. In terms of Application segmentation, the market is bifurcated into Agriculture, Ecological bioremediation, Horticulture, Dietary supplements, and Others.

Competitive Players

Some of the essential players operating in the Humic Acid market, but not restricted to include :

• Cosmocel
• AMCOl International
• Pingxiang Anhua Biotechnology
• Nutri-Tech Solutions
• Humic Growth Solutions
• Jiloca International S.A
• Aglukon
• Omnia Specialities
• Humintech
• Italpoliina S.p.A.
• Canadian Humalite International
• Koppert B.V.

The taxonomy of the Humic Acid Market by its scope and segmentation is as follows:

By Type Segmentation Analysis (Customizable)

• Granular Humic Acid
• Powdered Humic Acid

By Application Segmentation Analysis (Customizable)

• Agriculture
• Ecological bioremediation
• Horticulture
• Dietary supplements
• Others

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa