Research Details of Humic Acid Market in 2022-2028 including top key players Everwood Farm, Tagrow Co. Ltd., Faust Bio-Agricultural Services
Research Reports
May 24, 2022
Humic Acid Market Analysis :
The extensive market research indicates that the global Humic Acid Market is expected to grow at a significant growth during the forecast period 2022-2028. The Humic Acid Market Growth Rate is estimated to be 11.24%, and the total Humic Acid Market Revenue is estimated to reach USD 1,130 million within this period.
Humic Acid is rich in vitamins, minerals and other nutrients, and is used in agriculture for better crop production. Humic Acid is used to improve the fertility of the soil. Humic Acid is also used in many dietary supplements. Humic Acid is used in fertilizers to prevent soil erosion, maintain soil pH level, increase water retention of soil, and maintain soil texture. Humic Acid is extensively used in the animal feed so that the overall health of the animals can be maintained and milk production is increased. The growth in the agriculture and pharmaceutical sectors across the world has helped in the consistent growth of the global Humic Acid Market. On the contrary, inconsistent quality of end products, the impact of the COVID-19 pandemic, and low market penetration, especially in developing countries, are factors that may limit the global humic acid market growth over the forecast period.
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COVID-19 Analysis
The global Humic Acid Market was impacted negatively during the COVID-19 outbreak. Due to insufficient product availability and disruption in the logistics, the supply chain of the Humic Acid Market was disrupted. During and after the COVID period, there has been increasing demand for bio-stimulants which helped in driving the Humic Acid Market Growth. These factors helped in the revival of the Humic Acid Market Growth, and it is forecasted to grow significantly between 2022 and 2028.
Competitive Analysis
Everwood Farm,Tagrow Co. Ltd.,Faust Bio-Agricultural Services,Nature’s Lawn & Garden,Humintech GmbH,Agriculture Solutions Inc.,Changsha Xian Shan Yuan Agriculture and Technology,NPK Industries,Organic Approach LLC,National Pesticides & Chemicals,Sikko Industries Ltd.,Winfield Solutions,Nutri-Tech Solutions Pty Ltd.,Wilbur-Ellis Company LLC,Andersons, Inc., and others.
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Market Segmentation
The Humic Acid Market Size is fragmented based on type, application, and region so that the market can be studied in detail, considering various aspects.
The Humic Acid Market is further divided into powdered, liquid, and granular based on type.
Based on application, the market is further segmented into agriculture, pharmaceutical, horticulture, and animal feed. The agriculture segment is forecasted to grow at a faster rate due to the increasing population and continuous demand for crops.
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Regional Analysis
Based on the region, the global Humic Acid Market is divided into the regions- North America, Asia-Pacific, South America, Europe, and Africa & Middle East.
The growth of the Humic Acid Market in different regions of the world will remain consistent, but the fastest-growing region will be the Asia-Pacific region. The rapid growth of pharmaceutical and cosmetics sectors in the Asia-Pacific region will help in a significant increase in Humic Acid Market Revenue by 2028.
The increasing awareness of people regarding the nutritional benefits of Humic Acid, lifestyle change, increasing urbanization, and use of sustainable products to save the environment will also help in the growth of the Humic Acid Market in all other regions of the world.
Industry News
The Humic Acid Market Key players are adopting strategies such as acquisitions, mergers, joint ventures, and new product launches to enhance their market reach. In July 2020, Black Earth Humic acquired Canadian Humlite International. In October 2019, Andersons Inc. announced that they would expand their manufacturing unit in Seymour, Indiana. In July 2021, FBSciences introduced CarbonBoost Soil Health Product Line to promote soil health. The CarbonBoost Range has two soil conditioning solutions, FBS Organics Humate Plus and FBS Fumate Plus TM.
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1 Executive Summary
2 Market Introduction
2.1 Definition 17
2.2 Scope Of The Study 17
2.3 List Of Assumptions 18
2.4 Market Structure 19
3 Market Insights
4 Research Methodology
4.1 Research Process 25
4.2 Primary Research 26
4.3 Secondary Research 27
4.4 Market Size Estimation 27
4.5 Forecast Model 28
5 Market Dynamics
5.1 Introduction 30
5.2 Drivers 31
5.2.1 Increasing Demand In The Agriculture Sector 31
5.2.2 Rising Use In Animal Feed 31
5.2.3 Growing Awareness Of The Health Benefits Of Humic Acid 33
5.3 Restraints 34
5.3.1 Inconsistent Efficacy Of Humic Acid Products 34
5.4 Opportunities 34
5.4.1 Use As Organic Anodes For Lithium And Sodium Ion Batteries 34
5.5 Trends 35
5.5.1 Rising Application In Wastewater Treatment 35
6 Market Factor Analysis
6.1 Supply Chain Analysis 37
6.1.1 Raw Material Suppliers 37
6.1.2 Humic Acid Manufacturers 37
6.1.3 Distribution Channel 38
6.1.4 Applications 38
6.2 Porter’s Five Forces Analysis 38
6.2.1 Threat Of New Entrants 38
6.2.2 Threat Of Rivalry 38
6.2.3 Threat Of Substitutes 39
6.2.4 Bargaining Power Of Suppliers 39
6.2.5 Bargaining Power Of Buyers 39
6.3 Market Price Analysis 2015-2020 39
7 Global Humic Acid Market, By Application
7.1 Introduction 42
7.2 Agriculture 44
7.3 Animal Feed 45
7.4 Dietary Supplement 46
7.5 Ecological Remediation 47
7.6 Pharmaceuticals 48
7.7 Others 49
8 Global Humic Acid Market, By Region
8.1 Introduction 52
8.2 North America 54
8.2.1 U.S. 55
8.2.2 Canada 56
8.3 Europe 57
8.3.1 Germany 59
8.3.2 UK 60
8.3.3 France 61
8.3.4 Spain 62
8.3.5 Italy 63
8.3.6 Russia 64
8.3.7 Belgium 65
8.3.8 The Netherlands 66
8.3.9 Rest Of Europe 67
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