Press release
COVID-19 to Impact Demand Growth of Humic Acid Market | Key players are Anderson, Inc., Black Earth, Biolchim S.p.A., Humintech GmbH, Grow More Group
humic acid market
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Humic acid performs the crucial role of binding insoluble metal ions and release them when required. It facilitates better seed germination and stimulates beneficial microbial activity. Other value adding benefits of the product in the agriculture segment include improved water holding capacity of soil, preventing surface run off, regulating pH value of soil, improving root respiration, etc. Superiority of product in contrast to the chemical fertilizers, in addition to the aforementioned benefits will substantially drive demand humic acid market in the near future.
As per the latest research report, Humic Acid Market exceeded USD 510.9 million in 2018 and will reach USD 1.4 billion by 2024. Rapidly growing organic farming across the globe expected to boost its demand over the forecast period.
With rising consciousness pertaining to consuming healthy food, the need for organic food products is tremendously expanding. In this context, humic acid market has seen remarkable growth proceeds over the recent years. Humic substances play an essential role in building a nutritious soil system which significantly contribute towards development of more resilient plants. What has prompted the explicit use of these substances in fruit, vegetable, and crop production is a decrease in agricultural land worldwide.
In-depth table of contents @ https://www.gminsights.com/toc/detail/humic-acid-market
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
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
Considering this reduction, crop management has become a necessity today owing to the growing demand for crop yields in order to feed an ever-increasing population. Over exploitation of arable lands has led to degradation and depletion of soil nutrients and fertility. However, use of humic acid across this land tends to enhance its water retention properties along with the soil texture, thereby improving the complete soil productivity. Mounting cognizance amongst agriculturists and farmers to maintain and augment the quality of soil for obtaining high agricultural output would substantially bring about a revolution in humic acid market in the upcoming years.
Apart from agricultural sector that is leveraging high end benefits of humic acid, the product also finds widespread applications in horticulture, dietary supplements, vertical farms, medicines, residential gardening, and many others. Considering various health benefits of humic acid, the dietary supplements sector is estimated to amass noteworthy gains over the upcoming years. Humic acid products help in detoxification of human body and also boost the immune system.
By Application
1. Agriculture
2. Ecological bioremediation
3. Horticulture
4. Dietary supplements
North America led the global humic acid market share and accounted for about 40% of the total industry share in 2018. Prevailing product use in the region is attributed to increasing awareness among farmers towards organic fertilizer use which will subsequently boost product demand in the region. In addition, increasing stringent regulations imposed by the U.S. government and regulatory authorities has led to shift in market trends by replacing chemical fertilizer with organic fertilizer which will have positive influence on the humic acid market share by 2026.
Browse More News:
https://www.prnewswire.com/news-releases/biopesticides-market-slated-to-surpass-3-3-billion-valuation-by-2026--says-global-market-insights-inc-301051558.html
https://www.prnewswire.com/news-releases/polyurea-market-projected-to-surpass-1-95-billion-by-2026--says-global-market-insights-inc-301105963.html
https://www.globenewswire.com/news-release/2018/11/07/1646722/0/en/Agricultural-Adjuvants-Market-to-hit-3bn-by-2025-Global-Market-Insights-Inc.html
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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