According to MarketIntelReports “Global Humic Acid Market by Manufacturers, Regions, Type and Application, Forecast to 2021”:
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Scope & Regional Forecast of the Humic Acid Market:
Humic Acid is a water soluble organic acid that is present naturally in the soil organic matter. It is not a single compound but a collection of different molecular weight compounds with similar characteristics. The humic acid market is expected to grow rapidly due to increasing demand in agriculture sector. Agriculture sector uses humic acid powder as a soil supplement for the crops. The acid is a collection of many acids that contain phonolate and carboxylate groups. It is produced from dead organic matter biodegradation.
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Humic acid supplement aids in the transfer of micronutrients from the soil to the plant break up clay and compacted soils. It increases seed germination rates and also improves water retention. Humic acid fertilizer is employed in agriculture and horticulture. Increase in the demand for organic foods and resistance to usage of chemical fertilizers can boost the Humic acid market. North America holds the largest share in the market and US is likely to be the major producer of acid humic. Europe is expected to be the second largest market in the future.
Segmentations & Key Players Involved in the Humic Acid Market
The Humic acid market can be broken down into various segments as follows:
- Regions- North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Latin America, Middle and Africa.
- Type & covers- Natural Humic Acid, Artificial Humic Acid, Powdered Humic Acid, Granular Humic Acid and Other.
- Applications- Agriculture, Industry, Environmental protection, and other.
Some of the key players involved in the Humic acid market are as follows:
- NTS
- Humintech
- Humic Growth Solutions
- Creative Ideas
- Omnia Specialities Australia
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