Humic Acid Market- Global Industry Analysis and Forecast (2024-2030)-by Type, Application and Region


Humic Acid Market size is expected to reach US$ 1.63 Bn. by year 2030 at a CAGR of 12.6% during the forecast period.

Humic Acid Market Product Definition

Humic acid is the main component of humic substances, which are the constituents of coal, peat, and soil. Humic acid is the break-down component of natural animal and plant decay material and is commonly found in leonardite sedimentation layers, which are yields of lignite. It is used in ecological bioremediations, agriculture, horticulture, and dietary supplements applications. Humic acid is extremely useful for soil’s potency and crop yield as it is a natural soil conditioner and acts as a carbon-based chelator or microbial stimulator.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Humic Acid MarketTo know about the Research Methodology :- Request Free Sample Report

Humic Acid Market Dynamics

The Research Report gives a comprehensive account of the drivers and restraints in the Humic acid market. The global humic acid market is mainly compelled by a drifting focus on organic fertilizers above chemical complements. Antagonistic environmental and health effects of chemical fertilizers fuel humic acid product demand. The rising demand for green fertilizers will be one of the most recent trends that will increase grip in the humic acid market during the upcoming years. Upsurging awareness about the harmful effects of synthetic fertilizers, inorganic chemical compounds, and artificial compounds in developed countries is expected to surge the demand for organic compounds such as humic acid and fulvic acid. Humic acids chelate nutrient compounds, particularly iron, in the soil to a form appropriate for plant utilization to enhance nutrient supply for plants. Humic acid helps to rise up to 70% in yield, complemented by a reduction up to 30% in the use of fertilizers and pesticides, along with improved and healthier growth of green grass, agricultural crops, and ornamentals. The humic acid market application contains agriculture, dietary supplements, horticulture, organic bioremediation, and others like domestic gardening, medicines, etc. Besides, the huge demand for humic acid from lawn applications in the construction industry and water purification area is projected to stimulate the global humic acid market throughout the forecast period.

Promptly increasing populace through the globe with reducing arable land owing to robust urbanization and industrialization will fuel fertilizer demand in order to accomplish high yield. For example, The Food and Agriculture Organization (FAO) of the United Nations estimated that the farmland productivity shall be raised by nearly 15% in upcoming years to support global food consumption.

However, the humic market lacks worldwide established standard procedures for measuring the contents of humic products, which is a major limitation.

Humic Acid Market Segment Analysis

Based on the Application, the Agriculture segment is expected to grow at a CAGR of xx% during the forecast period. Humic acid performs the vital role of binding insoluble metal ions and releasing them when required. It enables improved seed germination and stimulates useful microbial activity. Additional value-adding aids of the product in the agriculture segment consist of avoiding surface run-off, enhanced water holding capacity of the soil, regulating the pH value of soil, improving root respiration, etc. The supremacy of the product in contrast to the chemical fertilizers, along with the benefits, will considerably propel the demand for it in the near future.

 

Leonardite is used as a conditioner for the soil and as a bio-catalyst and bio-stimulant for the plant in the agriculture sector. Humic acids are a tremendously natural and organic way to provide plants and soil with a concentrated dose of vitamins, essential nutrients, and trace elements. As compared to other organic products, Leonardite improves plant growth (biomass production) and fertility of the soil.

Another benefit of Leonardite is its continuing effectiveness, as it does not get consumed as quickly as animal manure, compost or peat. Leonardite decomposes completely; therefore it does not enter into nutritional competition with plants for nutrients like nitrogen. This is not the case with partially decomposed compost, whereby the organic substances in the soil are quickly consumed by micro-organisms and mineralized entirely without humus formation.

Humic Acid Market Regional Analysis

In Europe, Organic industry growth has an optimistic impact on the guidelines concerning pesticide practice in farms is anticipated to thrust the organic farming growth during the forecast period. Besides, Europe organic farming projected to show huge growth in the next years. In 2023, Europe imported 3.3 Mn tons of agricultural organic products, which shows a considerable market for organic farming and associated industries in the region. Such elements supplemented with increasing user preference for organic food consumption will completely stimulus product perception over the forecast period. Growing food demand because of promptly rising in the populace in the region likely to fuel the humic acid market growth, as it helps to proliferation the yield of the crop. Humic acid is an eco-friendly substitute to conventional fertilizers which helps in growing total yield in the inadequate land area. Agricultural application is composed to hold dominance in the global humic acid market through the forecast years due to rising preference to organic farming in the industrialized countries.

The objective of the report is to present a comprehensive analysis of the Global Humic acid Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Humic acid Market dynamics, structure by analysing the market segments and projects the Global Humic acid Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Humic acid Market make the report investor’s guide.

Global Humic Acid Market Scope: Inquire before buying






Global Humic Acid Market




Report Coverage
Details




Base Year:
2023
Forecast Period:
2024-2030




Historical Data:
2018 to 2023
Market Size in 2023:
US $ 0.71 Bn.




Forecast Period 2024 to 2030 CAGR:
12.6%
Market Size in 2030:
US $ 1.63 Bn.




 Segments Covered:
by Type
Powdered Humic Acid
Granular Humic Acid
Other




by Application
Agriculture
Ecological bioremediation
Horticulture
Dietary supplements
Others






Global Humic Acid Market, by Regions

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)

Global Humic Acid Market, Key Players are

1. Andersons, Inc.
2. Everwood Farm
3. Nature's Lawn & Garden
4. Faust Bio-Agricultural Services
5. Humintech GmbH
6. Changsha Xian Shan Yuan Agriculture and Technology
7. Agriculture Solutions Inc.
8. NPK Industries
9. Nutri-Tech Solutions Pty Ltd.
10. Tagrow Co. Ltd.
11. WinField Solutions
12. Organic Approach LLC
13. National Pesticides & Chemicals
14. Sikko Industries Ltd.
15. Wilbur-Ellis Company LLC

Frequently Asked Questions:

1. Which region has the largest share in Global Humic Acid Market?
Ans: Europe region holds the highest share in 2023.

2. What is the growth rate of Global Humic Acid Market?
Ans: The Global Humic Acid Market is growing at a CAGR of 12.6% during forecasting period 2024-2030.

3. What is scope of the Global Humic Acid market report?
Ans: Global Humic Acid Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Humic Acid market?
Ans: The important key players in the Global Humic Acid Market are – NPK Industries, Nutri-Tech Solutions Pty Ltd., Tagrow Co. Ltd., WinField Solutions, Organic Approach LLC, National Pesticides & Chemicals, Sikko Industries Ltd., Wilbur-Ellis Company LLC, Black Earth, Daymsa, and Biolchim.

5. What is the study period of this market?
Ans: The Global Humic Acid Market is studied from 2023 to 2030. 




Global Humic Acid Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Humic acid Market Size, by Market Value (US$ Mn)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
4.8. Patent Registration

5. Supply Side and Demand Side Indicators
6. Global Humic acid Market Analysis and Forecast
6.1. Global Humic acid Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Humic acid Market Analysis and Forecast, By Type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Humic acid Market Value Share Analysis, By Type
7.4. Global Humic acid Market Size (US$ Mn) Forecast, By Type
7.5. Global Humic acid Market Analysis, By Type
7.6. Global Humic acid Market Attractiveness Analysis, By Type

8. Global Humic acid Market Analysis and Forecast, By Application
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Humic acid Market Value Share Analysis, By Application
8.4. Global Humic acid Market Size (US$ Mn) Forecast, By Application
8.5. Global Humic acid Market Analysis, By Application
8.6. Global Humic acid Market Attractiveness Analysis, By Application

9. Global Humic acid Market Analysis, by Region
9.1. Global Humic acid Market Value Share Analysis, by Region
9.2. Global Humic acid Market Size (US$ Mn) Forecast, by Region
9.3. Global Humic acid Market Attractiveness Analysis, by Region

10. North America Humic acid Market Analysis
10.1. Key Findings
10.2. North America Humic acid Market Overview
10.3. North America Humic acid Market Value Share Analysis, By Type
10.4. North America Humic acid Market Forecast, By Type
10.4.1. Powdered Humic Acid
10.4.2. Granular Humic Acid
10.4.3. Other
10.5. North America Humic acid Market Value Share Analysis, By Application
10.6. North America Humic acid Market Forecast, By Application
10.6.1. Agriculture
10.6.2. Ecological bioremediation
10.6.3. Horticulture
10.6.4. Dietary supplements
10.6.5. Others
10.7. North America Humic acid Market Value Share Analysis, by Country
10.8. North America Humic acid Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Humic acid Market Analysis, by Country
10.10. U.S. Humic acid Market Forecast, By Type
10.10.1. Powdered Humic Acid
10.10.2. Granular Humic Acid
10.10.3. Other
10.11. U.S. Humic acid Market Forecast, By Application
10.11.1. Agriculture
10.11.2. Ecological bioremediation
10.11.3. Horticulture
10.11.4. Dietary supplements
10.11.5. Others

10.12. Canada Humic acid Market Forecast, By Type
10.12.1. Powdered Humic Acid
10.12.2. Granular Humic Acid
10.12.3. Other
10.13. Canada Humic acid Market Forecast, By Application
10.13.1. Agriculture
10.13.2. Ecological bioremediation
10.13.3. Horticulture
10.13.4. Dietary supplements
10.13.5. Others
10.14. North America Humic acid Market Attractiveness Analysis
10.14.1. By Type
10.14.2. By Application
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Development

11. Europe Humic acid Market Analysis
11.1. Key Findings
11.2. Europe Humic acid Market Overview
11.3. Europe Humic acid Market Value Share Analysis, By Type
11.4. Europe Humic acid Market Forecast, By Type
11.4.1. Powdered Humic Acid
11.4.2. Granular Humic Acid
11.4.3. Other
11.5. Europe Humic acid Market Value Share Analysis, By Application
11.6. Europe Humic acid Market Forecast, By Application
11.6.1. Agriculture
11.6.2. Ecological bioremediation
11.6.3. Horticulture
11.6.4. Dietary supplements
11.6.5. Others
11.7. Europe Humic acid Market Value Share Analysis, by Country
11.8. Europe Humic acid Market Forecast, by Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Europe Humic acid Market Analysis, by Country
11.10. Germany Humic acid Market Forecast, By Type
11.10.1. Powdered Humic Acid
11.10.2. Granular Humic Acid
11.10.3. Other
11.11. Germany Humic acid Market Forecast, By Application
11.11.1. Agriculture
11.11.2. Ecological bioremediation
11.11.3. Horticulture
11.11.4. Dietary supplements
11.11.5. Others
11.12. U.K. Humic acid Market Forecast, By Type
11.12.1. Powdered Humic Acid
11.12.2. Granular Humic Acid
11.12.3. Other
11.13. U.K. Humic acid Market Forecast, By Application
11.13.1. Agriculture
11.13.2. Ecological bioremediation
11.13.3. Horticulture
11.13.4. Dietary supplements
11.13.5. Others
11.14. France Humic acid Market Forecast, By Type
11.14.1. Powdered Humic Acid
11.14.2. Granular Humic Acid
11.14.3. Other
11.15. France Humic acid Market Forecast, By Application
11.15.1. Agriculture
11.15.2. Ecological bioremediation
11.15.3. Horticulture
11.15.4. Dietary supplements
11.15.5. Others
11.16. Italy Humic acid Market Forecast, By Type
11.16.1. Powdered Humic Acid
11.16.2. Granular Humic Acid
11.16.3. Other
11.17. Italy Humic acid Market Forecast, By Application
11.17.1. Agriculture
11.17.2. Ecological bioremediation
11.17.3. Horticulture
11.17.4. Dietary supplements
11.17.5. Others
11.18. Spain Humic acid Market Forecast, By Type
11.18.1. Powdered Humic Acid
11.18.2. Granular Humic Acid
11.18.3. Other
11.19. Spain Humic acid Market Forecast, By Application
11.19.1. Agriculture
11.19.2. Ecological bioremediation
11.19.3. Horticulture
11.19.4. Dietary supplements
11.19.5. Others
11.20. Rest of Europe Humic acid Market Forecast, By Type
11.20.1. Powdered Humic Acid
11.20.2. Granular Humic Acid
11.20.3. Other
11.21. Rest of Europe Humic acid Market Forecast, By Application
11.21.1. Agriculture
11.21.2. Ecological bioremediation
11.21.3. Horticulture
11.21.4. Dietary supplements
11.21.5. Others
11.22. Europe Humic acid Market Attractiveness Analysis
11.22.1. By Type
11.22.2. By Application
11.23. PEST Analysis
11.24. Key Trend
11.25. Key Development

12. Asia Pacific Humic acid Market Analysis
12.1. Key Findings
12.2. Asia Pacific Humic acid Market Overview
12.3. Asia Pacific Humic acid Market Value Share Analysis, By Type
12.4. Asia Pacific Humic acid Market Forecast, By Type
12.4.1. Powdered Humic Acid
12.4.2. Granular Humic Acid
12.4.3. Other
12.5. Asia Pacific Humic acid Market Value Share Analysis, By Application
12.6. Asia Pacific Humic acid Market Forecast, By Application
12.6.1. Agriculture
12.6.2. Ecological bioremediation
12.6.3. Horticulture
12.6.4. Dietary supplements
12.6.5. Others
12.7. Asia Pacific Humic acid Market Value Share Analysis, by Country
12.8. Asia Pacific Humic acid Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Humic acid Market Analysis, by Country
12.10. China Humic acid Market Forecast, By Type
12.10.1. Powdered Humic Acid
12.10.2. Granular Humic Acid
12.10.3. Other
12.11. China Humic acid Market Forecast, By Application
12.11.1. Agriculture
12.11.2. Ecological bioremediation
12.11.3. Horticulture
12.11.4. Dietary supplements
12.11.5. Others
12.12. India Humic acid Market Forecast, By Type
12.12.1. Powdered Humic Acid
12.12.2. Granular Humic Acid
12.12.3. Other
12.13. India Humic acid Market Forecast, By Application
12.13.1. Agriculture
12.13.2. Ecological bioremediation
12.13.3. Horticulture
12.13.4. Dietary supplements
12.13.5. Others
12.14. Japan Humic acid Market Forecast, By Type
12.14.1. Powdered Humic Acid
12.14.2. Granular Humic Acid
12.14.3. Other
12.15. Japan Humic acid Market Forecast, By Application
12.15.1. Agriculture
12.15.2. Ecological bioremediation
12.15.3. Horticulture
12.15.4. Dietary supplements
12.15.5. Others
12.16. ASEAN Humic acid Market Forecast, By Type
12.16.1. Powdered Humic Acid
12.16.2. Granular Humic Acid
12.16.3. Other
12.17. ASEAN Humic acid Market Forecast, By Application
12.17.1. Agriculture
12.17.2. Ecological bioremediation
12.17.3. Horticulture
12.17.4. Dietary supplements
12.17.5. Others
12.18. Rest of Asia Pacific Humic acid Market Forecast, By Type
12.18.1. Powdered Humic Acid
12.18.2. Granular Humic Acid
12.18.3. Other
12.19. Rest of Asia Pacific Humic acid Market Forecast, By Application
12.19.1. Agriculture
12.19.2. Ecological bioremediation
12.19.3. Horticulture
12.19.4. Dietary supplements
12.19.5. Others
12.20. Asia Pacific Humic acid Market Attractiveness Analysis
12.20.1. By Type
12.20.2. By Application
12.21. PEST Analysis
12.22. Key Trend
12.23. Key Development

13. Middle East & Africa Humic acid Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Humic acid Market Overview
13.3. Middle East & Africa Humic acid Market Value Share Analysis, By Type
13.4. Middle East & Africa Humic acid Market Forecast, By Type
13.4.1. Powdered Humic Acid
13.4.2. Granular Humic Acid
13.4.3. Other
13.5. Middle East & Africa Humic acid Market Value Share Analysis, By Application
13.6. Middle East & Africa Humic acid Market Forecast, By Application
13.6.1. Agriculture
13.6.2. Ecological bioremediation
13.6.3. Horticulture
13.6.4. Dietary supplements
13.6.5. Others
13.7. Middle East & Africa Humic acid Market Value Share Analysis, by Country
13.8. Middle East & Africa Humic acid Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Humic acid Market Analysis, by Country
13.10. GCC Humic acid Market Forecast, By Type
13.10.1. Powdered Humic Acid
13.10.2. Granular Humic Acid
13.10.3. Other
13.11. GCC Humic acid Market Forecast, By Application
13.11.1. Agriculture
13.11.2. Ecological bioremediation
13.11.3. Horticulture
13.11.4. Dietary supplements
13.11.5. Others
13.12. South Africa Humic acid Market Forecast, By Type
13.12.1. Powdered Humic Acid
13.12.2. Granular Humic Acid
13.12.3. Other
13.13. South Africa Humic acid Market Forecast, By Application
13.13.1. Agriculture
13.13.2. Ecological bioremediation
13.13.3. Horticulture
13.13.4. Dietary supplements
13.13.5. Others
13.14. Rest of Middle East & Africa Humic acid Market Forecast, By Type
13.14.1. Powdered Humic Acid
13.14.2. Granular Humic Acid
13.14.3. Other
13.15. Rest of Middle East & Africa Humic acid Market Forecast, By Application
13.15.1. Agriculture
13.15.2. Ecological bioremediation
13.15.3. Horticulture
13.15.4. Dietary supplements
13.15.5. Others
13.16. Middle East & Africa Humic acid Market Attractiveness Analysis
13.16.1. By Type
13.16.2. By Application
13.17. PEST Analysis
13.18. Key Trend
13.19. Key Development

14. South America Humic acid Market Analysis
14.1. Key Findings
14.2. South America Humic acid Market Overview
14.3. South America Humic acid Market Value Share Analysis, By Type
14.4. South America Humic acid Market Forecast, By Type
14.4.1. Powdered Humic Acid
14.4.2. Granular Humic Acid
14.4.3. Other
14.5. South America Humic acid Market Value Share Analysis, By Application
14.6. South America Humic acid Market Forecast, By Application
14.6.1. Agriculture
14.6.2. Ecological bioremediation
14.6.3. Horticulture
14.6.4. Dietary supplements
14.6.5. Others
14.7. South America Humic acid Market Value Share Analysis, by Country
14.8. South America Humic acid Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. Brazil Humic acid Market Forecast, By Type
14.9.1. Powdered Humic Acid
14.9.2. Granular Humic Acid
14.9.3. Other
14.10. Brazil Humic acid Market Forecast, By Application
14.10.1. Agriculture
14.10.2. Ecological bioremediation
14.10.3. Horticulture
14.10.4. Dietary supplements
14.10.5. Others
14.11. Mexico Humic acid Market Forecast, By Type
14.11.1. Powdered Humic Acid
14.11.2. Granular Humic Acid
14.11.3. Other
14.12. Mexico Humic acid Market Forecast, By Application
14.12.1. Agriculture
14.12.2. Ecological bioremediation
14.12.3. Horticulture
14.12.4. Dietary supplements
14.12.5. Others
14.13. Rest of South America Humic acid Market Forecast, By Type
14.13.1. Powdered Humic Acid
14.13.2. Granular Humic Acid
14.13.3. Other
14.14. Rest of South America Humic acid Market Forecast, By Application
14.14.1. Agriculture
14.14.2. Ecological bioremediation
14.14.3. Horticulture
14.14.4. Dietary supplements
14.14.5. Others
14.15. South America Humic acid Market Attractiveness Analysis
14.15.1. By Type
14.15.2. By Application
14.16. PEST Analysis
14.17. Key Trend
14.18. Key Development

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.4. M&A by Regions, Investment and Applications
15.2.5. M&A Key Players, Forward Integration and Backward Integration
15.3. Company Profiles: Key Players
15.3.1. Andersons, Inc.
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Company Footprint
15.3.2. Everwood Farm
15.3.3. Nature's Lawn & Garden
15.3.4. Faust Bio-Agricultural Services
15.3.5. Humintech GmbH
15.3.6. Changsha Xian Shan Yuan Agriculture and Technology
15.3.7. Agriculture Solutions Inc.
15.3.8. NPK Industries
15.3.9. Nutri-Tech Solutions Pty Ltd.
15.3.10. Tagrow Co. Ltd.
15.3.11. WinField Solutions
15.3.12. Organic Approach LLC
15.3.13. National Pesticides & Chemicals
15.3.14. Sikko Industries Ltd.
15.3.15. Wilbur-Ellis Company LLC
15.3.16. Black Earth
15.3.17. Daymsa
15.3.18. Biolchim
15.3.19. Agbest Technology
15.3.20. Grow More
15.3.21. Manidharma Biotech
15.3.22. Jiloca Industrial

16. Primary Key Insights
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