Global Humic Acid Market 2017-2021

Overview of the global humic acid market

Research analysis on the global humic acid market identifies that the increase in demand for organic food will be one of the major factors that will have a positive impact on the growth of the market. The growing preference towards organic food and healthy lifestyle have reduced the use of synthetic fertilizers to a large extent. Organically water soluble humic acid promotes natural growth of organisms in soil and increases the capacity to absorb energy through the process of photosynthesis in plants. This reduces the use of pesticides and fungicides extensively by increasing the resistance against infections in plants. Such benefits will increase the adoption of humic acid in the organic food industry fueling market growth. Technavio's market research analysts predict that this market will grow at a CAGR of more than 12% by 2021.

The increasing demand for green fertilizers will be one of the latest trends that will gain traction in the humic acid market during the next four years. Increasing awareness about the harmful effects of synthetic fertilizers, inorganic chemical compounds, and artificial compounds in developed countries is likely to increase the demand for organic compounds like humic acid and fulvic acid. To decompose the organic residues in soil, humic acid is being increasingly used as a biostimulant, which increases the metabolic activity of soil organisms and speeds up the decomposition process.

Competitive landscape and key vendors

Owing to the presence of a considerable number of vendors, this market appears to be moderately fragmented. The market is quite competitive and the vendors in the humic acid market are mainly focusing on strengthening their distribution networks to improve their market positions.

The leading vendors in the market are -

• Biolchim
• Humic Growth Solutions
• Humintech
• Jiloca Industrial
• Omnia Holdings

The other prominent vendors in the market are ARIHANT BIO FERTICHEM, Black Earth Humic, Faust Bio-Agricultural Services, HCM AGRO PRODUCTS, Horizon Ag-Products, Minerals Technologies, National Pesticides & Chemicals, Nature's Lawn & Garden, Nutri-Tech Solutions, Saint Humic Acid, Shandong Chuangxin Humic Acid Technology, Sikko Industries, The Andersons, Wilbur-Ellis Holdings, and WinField Solutions.

Segmentation by application and analysis of the humic acid market

• Agriculture
• Horticulture
• Dietary
• Ecological bioremediation

During 2016, the agriculture segment accounted for the major shares of this biostimulant market. The rising population that increases the demand for increasing crop productivity, led to the need to improve the fertility of the soil for which humic acid products are used. Moreover, humic acid is also used to improve the soil quality, as it reduces the pH and improves the texture of the soil, resulting in improved uptake of water and minerals from the soil.

Geographical segmentation and analysis of the humic acid market

• APAC
• Europe
• North America
• ROW

This market study estimates that in terms of geographic regions, North America will be the major revenue contributor to the humic acid market till 2021. The shift towards the consumption of organic food in North America has increased the dependence on water-soluble bio-stimulants such as humic acid in the region, fueling the growth of this biostimulant market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global humic acid market?
• What are the key market trends impacting the growth of the global humic acid market?
• What are the challenges to market growth?
• Who are the key vendors in the global humic acid market?
• What are the market opportunities and threats faced by the vendors in the global humic acid market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global humic acid market? 

Technavio also offers customization on reports based on specific client requirement.

Humic acid is the primary component of organic constituents like soil, coal, and peat and is formed by the biodegradation of dead organic matter. A thorough data collection methodology is followed by our market research reports for the chemicals and materials industry and offer an analysis of fast growing market segments like bio-chemicals and bio-materials. This upcoming industry research report on the global humic acid market offers insights into the latest trends and market drivers influencing the growth of the bio-chemicals and bio-materials industry.

To help the clients expand their presence in niche markets and identify potential market opportunities, this report on the global humic acid market covers geographies like the Americas, APAC, and EMEA and takes into account the growth patterns of similar markets such as the global gelatin market, which is expected to grow at a CAGR of close to 6% by 2021. As per our market research experts, increasing demand for organic foods may propel the demand for humic acid in the coming years.

To accurately estimate the growth of the global humic acid market, the market research analysts at Technavio follow a meticulous approach to primary and secondary research and analyze the data collected from various sources including industry experts, research journals, and manufacturers. Additionally, to offer clients insights into the competitive landscape, this market report on the global humic acid market also covers vendors like Biolchim S.p.A, HCM Agro Products Private Ltd, Humic Growth Solutions, Jiloca Industrial, Humintech GmbH, Saint Humic Acid, and Black Earth Humic LP.

This upcoming market research report on the global humic acid market also identifies the key influencers, the emerging trends, and the challenges facing this market. Furthermore, to give a holistic overview of the industry's growth prospects, the report also provides detailed insights into the competitive landscape and the strategies followed by the major players to establish their presence in the global market. The upcoming report also offers insights into fast-growing segments within the industry, including sectors like agrochemicals and fertilizers and olefins.  Additionally, this report also presents insights into the varying competitive landscape to give clients a realistic picture of the future direction of the industry.