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
 
8.4 Asia Pacific 68
8.4.1 China 70
8.4.2 Japan 71
8.4.3 India 72
8.4.4 South Korea 73
8.4.5 Rest Of Asia Pacific 74
8.5 Latin America 75
8.5.1 Mexico 77
8.5.2 Brazil 78
8.5.3 Argentina 79
8.5.4 Rest Of Latin America 80
8.6 The Middle East And Africa 81
8.6.1 Turkey 83
8.6.2 UAE 84
8.6.3 Saudi Arabia 85
8.6.4 North Africa 86
8.6.5 Israel 87
8.6.6 Rest Of Middle East And Africa 88
9 Competitive Landscape
9.1 Introduction 91
9.2 Market Strategy Analysis 91
10 Company Profiles
10.1 Biolchim SpA 93
10.1.1 Company Overview 93
10.1.2 Financial Overview 93
10.1.3 Products Offered 93
10.1.4 Key Developments 93
10.1.5 SWOT Analysis 94
10.1.6 Key Strategies 94
10.2 Humintech GmbH 95
10.2.1 Company Overview 95
10.2.2 Financial Overview 95
10.2.3 Products Offered 95
10.2.4 Key Developments 95
10.2.5 WOT Analysis 96
10.2.6 Key Strategies 96
10.3 Sikko Industries Limited 97
10.3.1 Company Overview 97
10.3.2 Financial Overview 97
10.3.3 Products Offered 98
10.3.4 Key Developments 98
10.3.5 SWOT Analysis 98
10.3.6 Key Strategies 98
10.4 Shandong Chuangxin Humic Acid Technology Co., Ltd 99
10.4.1 Company Overview 99
10.4.2 Financial Overview 99
10.4.3 Products Offered 99
10.4.4 Key Developments 99
10.4.5 SWOT Analysis 99
10.4.6 Key Strategies 99
10.5 Black Earth Humic 100
10.5.1 Company Overview 100
10.5.2 Financial Overview 100
10.5.3 Products Offered 100
10.5.4 Key Developments 100
10.5.5 SWOT Analysis 101
10.5.6 Key Strategies 101
10.6 Minerals Technologies Inc. 102
10.6.1 Company Overview 102
10.6.2 Financial Overview 102
10.6.3 Products Offered 103
10.6.4 Key Developments 103
10.6.5 SWOT Analysis 103
10.6.6 Key Strategies 103
10.7 Jiloca Industrial, SA 104
10.7.1 Company Overview 104
10.7.2 Financial Overview 104
10.7.3 Products Offered 105
10.7.4 Key Developments 105
10.7.5 SWOT Analysis 105
10.7.6 Key Strategies 105
10.8 Saint Humic Acid 106
10.8.1 Company Overview 106
10.8.2 Financial Overview 106
10.8.3 Products Offered 106
10.8.4 Key Developments 106
10.8.5 SWOT Analysis 106
10.8.6 Key Strategies 106
10.9 Arihant Bio Fertichem Pvt. Ltd 107
10.9.1 Company Overview 107
10.9.2 Financial Overview 107
10.9.3 Products Offered 107
10.9.4 Key Developments 107
10.9.5 SWOT Analysis 107
10.9.6 Key Strategies 107
10.10 Humic Growth Solutions, Inc. 108
10.10.1 Company Overview 108
10.10.2 Financial Overview 108
10.10.3 Products Offered 108
10.10.4 Key Developments 108
10.10.5 SWOT Analysis 108
10.10.6 Key Strategies 108
11 Conclusion
11.1 Key Findings 110
11.2 Industry Trends 110
12 List Of Tables
TABLE 1 MARKET SYNOPSIS 15
TABLE 2 LIST OF ASSUMPTIONS 18
TABLE 3 GLOBAL HUMIC ACID MARKET PRICING (USD/TON) (2015–2027) 40
TABLE 4 GLOBAL HUMIC ACID, BY APPLICATION, 2020-2027 (USD MILLION) 42
TABLE 5 GLOBAL HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 43
TABLE 6 GLOBAL HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 43
TABLE 7 GLOBAL HUMIC ACID MARKET FOR AGRICULTURE, BY REGION, 2020-2027 (USD MILLION) 44
TABLE 8 GLOBAL HUMIC ACID MARKET FOR AGRICULTURE, BY REGION, 2020-2027 (KILO TONS) 44
TABLE 9 GLOBAL HUMIC ACIDMARKET FOR ANIMAL FEED, BY REGION, 2020-2027 (USD MILLION) 45
TABLE 10 GLOBAL HUMIC ACID MARKET FOR ANIMAL FEED, BY REGION, 2020-2027 (KILO TONS) 45
TABLE 11 GLOBAL HUMIC ACID MARKET FOR DIETARY SUPPLEMENT, BY REGION, 2020-2027 (USD MILLION) 46
TABLE 12 GLOBAL HUMIC ACIDMARKET FOR DIETARY SUPPLEMENT, BY REGION, 2020-2027 (KILO TONS) 46
TABLE 13 GLOBAL HUMIC ACID MARKET FOR ECOLOGICAL REMEDIATION, BY REGION, 2020-2027 (USD MILLION) 47
TABLE 14 GLOBAL HUMIC ACIDMARKET FOR ECOLOGICAL REMEDIATION, BY REGION, 2020-2027 (KILO TONS) 47
TABLE 15 GLOBAL HUMIC ACID MARKET FOR PHARMACEUTICALS, BY REGION, 2020-2027 (USD MILLION) 48
TABLE 16 GLOBAL HUMIC ACID MARKET FOR PHARMACEUTICALS, BY REGION, 2020-2027 (KILO TONS) 49
TABLE 17 GLOBAL HUMIC ACID MARKET FOR OTHERS, BY REGION, 2020-2027 (USD MILLION) 49
TABLE 18 GLOBAL HUMIC ACID MARKET FOR OTHERS, BY REGION, 2020-2027 (KILO TONS) 50
TABLE 19 GLOBAL HUMIC ACID MARKET, BY REGION, 2020-2027 (USD MILLION) 52
TABLE 20 GLOBAL HUMIC ACID MARKET BY REGION, 2020-2027 (KILO TONS) 53
TABLE 21 GLOBAL HUMIC ACID MARKET, BY REGION, 2020-2027 (KILO TONS) 53
TABLE 22 NORTH AMERICA HUMIC ACID MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 54
TABLE 23 NORTH AMERICA HUMIC ACIDMARKET, BY COUNTRY, 2020-2027 (KILO TONS) 54
TABLE 24 NORTH AMERICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 54
TABLE 25 NORTH AMERICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 55
TABLE 26 U.S. HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 55
TABLE 27 U.S. HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 56
TABLE 28 CANADA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56
TABLE 29 CANADA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 57
TABLE 30 EUROPE HUMIC ACID MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 57
TABLE 31 EUROPE HUMIC ACID MARKET, BY COUNTRY, 2020-2027 (KILO TONS) 58
TABLE 32 EUROPE HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 58
TABLE 33 EUROPE HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 59
TABLE 34 GERMANY HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 59
TABLE 35 GERMANY HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 60
TABLE 36 UK HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60
TABLE 37 UK HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 61
TABLE 38 FRANCE HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 61
TABLE 39 FRANCE HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 62
TABLE 40 SPAIN HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 62
TABLE 41 SPAIN HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 63
TABLE 42 ITALY HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 63
TABLE 43 ITALY HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 64
TABLE 44 RUSSIA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 64
TABLE 45 RUSSIA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 65
TABLE 46 BELGIUM HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 65
TABLE 47 BELGIUM HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 66
TABLE 48 THE NETHERLANDS HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 66
TABLE 49 THE NETHERLANDS HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 67
TABLE 50 REST OF EUROPE HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 67
TABLE 51 REST OF EUROPE HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 68
TABLE 52 ASIA PACIFIC HUMIC ACID MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 68
TABLE 53 ASIA PACIFIC HUMIC ACID MARKET, BY COUNTRY, 2020-2027 (KILO TONS) 69
TABLE 54 ASIA PACIFIC HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 69
TABLE 55 ASIA PACIFIC HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 70
TABLE 56 CHINA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 70
TABLE 57 CHINA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 71
TABLE 58 JAPAN HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 71
TABLE 59 JAPAN HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 72
TABLE 60 INDIA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 72
TABLE 61 INDIA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 73
TABLE 62 SOUTH KOREA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 73
TABLE 63 SOUTH KOREA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 74
TABLE 64 REST OF ASIA PACIFIC HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 74
TABLE 65 REST OF ASIA PACIFIC HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 75
TABLE 66 LATIN AMERICA HUMIC ACID MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 75
TABLE 67 LATIN AMERICA HUMIC ACID MARKET, BY COUNTRY, 2020-2027 (KILO TONS) 76
TABLE 68 LATIN AMERICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 76
TABLE 69 LATIN AMERICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 77
TABLE 70 MEXICO HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 77
TABLE 71 MEXICO HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 78
TABLE 72 BRAZIL HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 78
TABLE 73 BRAZIL HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 79
TABLE 74 ARGENTINA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 79
TABLE 75 ARGENTINA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 80
TABLE 76 REST OF LATIN AMERICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 80
TABLE 77 REST OF LATIN AMERICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 81
TABLE 78 THE MIDDLE EAST AND AFRICA HUMIC ACID MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 81
TABLE 79 THE MIDDLE EAST AND AFRICA HUMIC ACID MARKET, BY COUNTRY, 2020-2027 (KILO TONS) 82
TABLE 80 THE MIDDLE EAST AND AFRICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 82
TABLE 81 THE MIDDLE EAST AND AFRICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 83
TABLE 82 TURKEY HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 83
TABLE 83 TURKEY HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 84
TABLE 84 UAE HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 84
TABLE 85 UAE HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 85
TABLE 86 SAUDI ARABIA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 85
TABLE 87 SAUDI ARABIA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 86
TABLE 88 NORTH AFRICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 86
TABLE 89 NORTH AFRICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 87
TABLE 90 ISRAEL HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 87
TABLE 91 ISRAEL HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 88
TABLE 92 REST OF MIDDLE EAST AND AFRICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 88
TABLE 93 REST OF MIDDLE EAST AND AFRICA HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (KILO TONS) 89
TABLE 94 KEY DEVELOPMENTS OVERVIEW 91
 
13 List Of Figures
FIGURE 1 GLOBAL HUMIC ACID MARKET: MARKET STRUCTURE 19
FIGURE 1 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 21
FIGURE 2 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 21
FIGURE 3 ASIA-PACIFIC MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 22
FIGURE 4 LATIN AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 22
FIGURE 5 MIDDLE EAST & AFRICA MARKET SHARE BY COUNTRY (2020 VS 2027) 23
FIGURE 6 HUMIC ACID MARKET, BY REGION/COUNTRY, 2018 23
FIGURE 7 RESEARCH PROCESS OF MRFR 25
FIGURE 8 TOP-DOWN AND BOTTOM-UP APPROACHES 28
FIGURE 9 MARKET DYNAMICS OVERVIEW 30
FIGURE 10 GLOBAL CATTLE TRADE: TOTAL IMPORTS, 2020 32
FIGURE 11 GLOBAL CATTLE TRADE: TOTAL EXPORTS, 2020 32
FIGURE 12 DRIVERS IMPACT ANALYSIS 33
FIGURE 13 RESTRAINTS IMPACT ANALYSIS 34
FIGURE 14 SUPPLY CHAIN ANALYSIS OF THE GLOBAL HUMIC ACID MARKET 37
FIGURE 15 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL HUMIC ACID MARKET 38
FIGURE 16 GLOBAL HUMIC ACID MARKET PRICING (USD/TON) (2020-2027) 40
FIGURE 17 GLOBAL HUMIC ACID MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 42
FIGURE 18 GLOBAL HUMIC ACID MARKET BY REGION, 2020-2027 (USD MILLION) 52
Humic Acid Market
The global humic acid market is high on demand and has planned to achieve a market score of USD 973.06 Mn by the forecast period of 2030.
$973.06 Million
Market Size
12.42%
CAGR
Europe
Dominating Region
2019-2030
Forecast Period
Segmentation
Key Players
- Everwood Farm
- Tagrow Co. Ltd.
- Faust Bio-Agricultural Services
- Nature's Lawn & Garden
- Humintech GmbH
- Agriculture Solutions Inc.
- NPK Industries
- Organic Approach LLC
- National Pesticides & Chemicals
Drivers
- The international market drivers are the helping hands of the this market that has a major role in developing the market sales.
Market Overview
Humic acid is the outcome of biological and chemical humification of animal and plant matter. Humic acid is plentiful with trace minerals, nutrients, and vitamins, useful in the dietary supplement and helpful for the soil. In 2017, the humic acid market had achieved a market score of USD 484.77 Mn and estimated 12.42% CAGR to increase by 2019 to 2030 period. The global humic acid market is high on demand and has planned to achieve a market score of USD 973.06 Mn by the forecast period of 2030.
As the worldwide population is increasing day by day, it is essential to improve the agricultural sector. Many governmental and non-governmental organizations have spread awareness regarding agricultural improvement; thus, the farming sector is rising, and the humic acid demand is also growing. In the agriculture industry, the demand for humic acid is very high as it improves nutrients components in soil and raises the soil's water carrying capacity. The humic acid demand is also increasing in the livestock farming sector to improve nutrients intake in animals. Besides, nowadays people are more health-conscious, and they want to eat fresh, which is developing the market.
The comprehensive report has focused on the market growth and its development. This market has highlighted the market segmentation, regional analysis, comparative landscape, and market dynamics to spotlight the effectiveness of the global market.
COVID-19 Impact
The pandemic brought a massive change in global marketing; the humic acid market is one of these. For a certain period, the global market was running in loss due to lockdown across the world. But this pandemic also brought many opportunities in the field of the this market. It has been found that the COVID-19 has made the world population very health conscious as all of a sudden people preferred to eat and drink very fresh things. It raises the humic acid market demand; according to that, the key drivers have improved their supply chain in the global market.
Moreover, the report says COVID-19 has brought immense change in the humic acid market by gaining more customers' demands. The humid acid market is employing more key drivers who can support reaching all the countries' geographical regions.
Market overview
- Key drivers
The key drivers have played a significant role in the this market as they are spread worldwide; they help the global market reach all the small parts of the countries. The international market drivers are the helping hands of the this market that has a major role in developing the market sales. The humic acid market’s helping hands are:
- Humic acid manufacturers
- End-use industries
- Potential investors
- Humic acid associations
- Raw material suppliers
- Humic acid suppliers and distributors
The report explains that the primary key drivers have given their full efforts to develop this market and are expected to increase new avenues for the global growth in the humic acid market forecast period of 2023.
- Market growth and opportunities
In the present scenario, the global humic acid market is growing its demand for sustainable agriculture. It has also taken initiatives to spread awareness about the negative impacts of chemical fertilizers in all aspects, an excellent strategy by the market. The global market has given more opportunities to all the developing organic food industry to grow their business.
As a result, the report says that this market has taken up the right strategies to overcome all the previous losses. It has also given many opportunities to the small industrialists to increase their small business.
- Market restraints for the humic acid industry
The humic acid market analysis reports that various chemical counterparts might be restraints for the global market. As of now, this problem has not been found in the worldwide market.
In addition, this market has raised some of the unfavorable conditions due to the COVID-19 outbreak. This pandemic has slowed down the manufacturing process and the sales of the global market. But for now, the report says slowing everything is coming on track and keeping its speed up.
- Challenges for the humic acid market
In the marketing field, humic acid has maintained its stability by facing various challenges and threats. The global market has less market penetration in some developing countries, which is very challenging for the humic market to reach all the nations' parts. Another challenge might be the inconsistent quality of end products by the humic acid market.
The humic acid market overview report explains that the market is developing its strengths in all the countries and trying to provide good quality products to achieve its strategic goal by 2023.
- Cumulative growth analysis
The humic acid market share expects to reach its record of 12.42% by achieving its target of USD 973.06 Mn by the year-end of 2023. The market size is expected to grow in all the regions of the countries.
The humic acid market analysis report is to know exact growth and development for the forecast year. The prediction is based on the public demand and consumer rates.
Value Chain Analysis
In the global market study, it is essential to understand the value chain of the humic acid market growth and development. The market has been classified into various segmental types, applications, products and technologies, and many more. The global market still has expectations of increasing its value in the upcoming year by adding more development strategies.
The report has mentioned that the key market drivers have implemented various strategies to develop the humic acid market's sales and production.
Segment Overview
- By Type:
The humic acid market's segmental classification has been divided into various types like powdered humic acid, liquid humic acid, and granular humic acid. These humic acid markets have highly valued in the global market.
The humic acid market growth report explains that all these types of humid acids are unique in their function and size. The key players have taken initiatives to develop the sales of this market.
- By Application
In the market segment, the humic acid market trends have been used dissimilarly in various applications such as animal feed, agriculture, dietary supplement, pharmaceuticals, ecological remediation, and others.
The report says that this market has various application products that the primary drivers develop.
Geographical Analysis
The market segment has classified into various geographical regions such as:
- Asia-Pacific (China, Japan, Indonesia, India, Australia, and other regions)
- Europe (Spain, Italy, Germany, Austria, France, and other regions)
- North America (Mexico, United States, Canada, and other regions)
- South America (Brazil, Chile, Argentina, and other regions)
- Middle East & Africa (Egypt, Iran, Morocco, South Africa, and other regions)
As compared to the humic acid market in US, Europe has imported more products. Among all these countries, Europe has generated more market value and revenue for the year 2014. After four years, Europe has also developed more market avenue of 3.3 Mn tons of organic agricultural products for the year 2018.
The report says that the humic acid market demand is increasing in all the regions of the country. Hence, the global market is a considerable market for all the organic farming and related industries.
Competitive Landscape
In humic acid market trends, the major market players are:
- 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.
All these key market players have adopted varieties of strategies to develop their businesses all over the world. This market is very competitive for these companies. According to the growing competition in this field, these key players have taken care of their customers' needs and developed their products and services.
Recent Developments
- July 2021: FBSciences, a world leader in agricultural biologicals, introduced the CarbonBoost soil health product line, capitalizing on the company's 15 years of experience and commercial success in plant health innovation to enhance carbon sequestration, raise soil carbon, and promote soil health. Additionally, the CarbonBoost range includes two soil conditioning solutions, FBS Humate PlusTM and FBS Organics Humate Plus, which are both highly concentrated and effective humic acid products manufactured by FBSciences using FBS Transit technology. As part of FBSciences' commitment to climate-smart agriculture, they are leveraging their extensive research and experience on the natural relationship between soil and plant health to expedite and amplify climate health advantages while increasing grower ROI and productivity.
- The key players are growing their businesses in various fields, and recently it has been introduced into the pharmaceuticals industry.
- The introduction of websites and retail sites is a significant achievement to introduce their customers to these fields. The humic acid market trends are in front of its success.
Report overview
The humic acid market report overview follows the given steps:
- Overview of the market
- COVID 19 impact
- Dynamics of the market
- Value chain analysis
- Market segmentation
- Geographical analysis
- Competitive landscape
- Recent Developments
The report mentioned that the key players valued humic acid market prices and encouraged their customer's views. Overall, the report overview has given light on Humic acid products sales and services to grow their business worldwide.
Segmentation table
- BY type
powdered humic acid,
liquid humic acid,
granular humic acid - By application
animal feed, agriculture,
dietary supplement,
pharmaceuticals,
ecological remediation and others
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 973.06 Million |
| CAGR | 12.42%(2019–2030) |
| Base Year | 2018 |
| Forecast Period | 2019-2030 |
| Historical Data | 2017 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Application and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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. |
| Key Market Opportunities | In the present scenario, the global humic acid market is growing its demand for sustainable agriculture |
| Key Market Drivers | he humic acid demand is also increasing in the livestock farming sector |
Frequently Asked Questions (FAQ) :
In 2017, the humic acid market had a market value of USD 484.77 Mn.
In the 2018 market report, it has mentioned that Europe is leading in importing humic acid market.
The humic acid market was running in loss for the COVID-19 period, but it has gained its strength and performing well in the global market.
Global Humic Acid Market: Competitive Landscape
The prominent players in the global humic acid market are Biolchim SpA (Italy), Humintech GmbH (Germany), Sikko Industries Limited (India), Shandong Chuangxin Humic Acid Technology Co., Ltd (China), Black Earth Humic (Canada), Minerals Technologies Inc. (US), and Jiloca Industrial, SA (Spain), Saint Humic Acid (China), Arihant Bio Fertichem Pvt. Ltd (India), and Humic Growth Solutions, Inc. (US).
Biolchim SpA, Humintech GmbH, Sikko Industries Limited, Shandong Chuangxin Humic Acid Technology Co., Ltd, Black Earth Humic, Minerals Technologies Inc. and Jiloca Industrial are the leading players in the global humic acid market. Industry players are adopting approaches such as acquisitions, agreement, and product launch to earn maximum revenue and remain in the forefront.
In December 2017, Biolchim Group, the parent company of Biolchim, acquired a majority stake of 70% in Matécsa Kft., a Hungarian company which produces potting soil. Matécsa operates a mine for the extraction of peat, which can also serve as a source of humic and fulvic acids for formulating biostimulants.
Further, the company launched the Siveg GR, a granular product made of vegetal-origin raw materials. It is rich in amino acid, humic acid, fulvic acid, and betaines and has a high percentage of organic matter in October 2016.
Humintech built a 30,000 sq. m production facility in Grevenbroich, Germany, close to its high-quality lignite open-cast mining Garzweiler II plant, to produce Perlhumus Pro granulate, a new humic acid granulate in October 2017. The plant produces nearly 50,000 tons of humic-acid-based products annually.
In October 2016, Black Earth entered into a distribution agreement with Top Krop Fertilizers Inc. to distribute its products in Western Canada through the latter’s dealer network.
Sikko Industries Limited (Sikko) manufactures, trades, and exports a quality range of organic agricultural pesticides, bio fertilizers, organic fertilizers, nitrogen-phosphorus-potash (NPK) fertilizers, agricultural fungicides, pesticides, seaweed fertilizers, herbal pesticides, organic pesticides, as well as bio-pesticides which includes seaweed jelly, high density polyethylene (HDPE) bottles/jars, plant growth promoters, seaweed extract, and agrochemicals. The company operates through four segments—fertilizers, pesticides, seeds, and others. It is ISO 9001, ISO 14001, and OHSAS 18001 certified.
Shandong Chuangxin Humic Acid Technology Co., Ltd (Shandong Chaunxing) is engaged in the R&D, production, and marketing of agrochemicals. The various products offered by the company include water-soluble fertilizers, humic acid, fulvic acid, feed additives, soil remediation, and humate. The company operates through the humic acid fertilizers, soil remediation, humic products, oversea marketing, animal health, and new product R&D divisions. The humic acid products offered by the company are exported to 30 countries. Shandong Chaunxing’s facilities are spread over 166,000 sq. m. It is ISO 9001 and ISO 14001 certified.
Minerals Technologies Inc. (Minerals Technologies) is a resource and technology-based company which develops, produces, and markets a broad range of specialty mineral, mineral-based, and synthetic mineral products and provides related systems and services. The company operates through four segments: performance materials, specialty minerals, refractories, and energy services. It has 25 mining and production facilities, 12 R&D centers, and 159 production locations in around 35 countries.
