The
global humic
acid market was valued at $325.6 million in 2014, and
it is expected to grow with a CAGR of 12.9% during 2015 - 2020. On the basis of
crop type, the global market is segmented into row crops, fruits &
vegetables, turf & ornamentals, and others. The market was dominated by the
row crop segment in 2014.
Humic
acids are black to dark brown colored substances, and are extracted from soil
or coal sediments by reacting them with various reagents and chemicals. These
substances are not soluble in water under acidic conditions. There is a growing
demand for humic acid in row crops, fruits and vegetables, and turfs and
ornamentals, among several other crop types. The growth management of the
plants has become a necessity, with the increasing focus on efficiency, and
enhancing the productivity. Humic acid is being used in a variety of
concentrations and physical forms for usage in these applications, either
directly by spraying, or by adding it to soil. These substances are
increasingly being used in Europe and North America, owing to their advanced
properties, superior performance, and their ability to provide superior
nutrients to the plants.
Explore Report Description with
Detailed TOC on “Global Humic Acid Market” at: https://www.psmarketresearch.com/market-analysis/humic-acid-market
Geographically,
the European market accounted for the largest share in the global humic acid
market in 2014. However, Asia-Pacific is a highly attractive market and
presents a huge growth opportunity for the market players, owing to the increasing
demand for food crops, amidst rapid industrialization in the major economies of
the region, especially China, India, and South Korea. Along with the focus on increasing
food production, the end users are also focusing on increasing the production
efficiency, by not only increasing the yield but also preventing crops from
diseases. This is a major reason for the shifting attention of the bio
stimulants manufacturers towards this region. The local and regional players
are also ramping up production capacities, in order to gain from the rapidly
increasing demand from agricultural sectors. Such developments in turn will
have a significant effect on the Asia-Pacific market.
The
information and data in the publication “Global
Humic Acid Market Size, Share, Development, Growth and Demand Forecast to 2020
– Industry Insights by Application (Foliar, Soil, Seed), Crop Type (Row Crop,
Fruits and Vegetables, Turf and Ornamentals, Others)”, represents the
research and analysis of data from various primary and secondary sources. A bottom
up approach has been used to calculate the market size of the global Humic acid
market. P&S Market Research analysts and consultants interacted with
leading companies of the concerned domain to substantiate every value of data
presented in this report. The company bases its primary research on discussions
with prominent professionals and analysts in the industry, which is followed by
informed and detailed online and offline research.
Organic
farming has been a hot topic globally for quite some time now. In regions, such
as Europe, the promotion of organic farming and related food products has been
incorporated in European Greens’ core value since 1984. The end users in such
regions are adopting more sustainable agricultural practices, focusing on
producing crops, along with preservation of soil quality. Hence, organic
farming is being preferred over traditional agricultural practices, which
include the usage of chemical fertilizers, pesticides, and insecticides. This
creates high growth opportunity for humic acid and other bio stimulant products,
which can help the end users to resolve all the issues ranging from enhancing crop
productivity to preserving soil quality.
Browse Related Research at: https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
The
key companies operating in the global Humic acid market include Canadian
Humalite International Inc., China Green Agriculture Inc., Double Dragons Humic
Acid Co. Ltd. Xinjiang, Grow More Inc., Humic Growth Solutions Inc., HUMINTECH
GmbH, Nutri-Tech Solutions Pty Ltd., ODUS(UK) Ltd., Omnia Specialities
Australia, and Vellsam Materias Bioactivas S.L.
HUMIC ACID MARKET SEGMENTATION
By Application
- Foliar
- Soil
- Seed
By Crop Type
- Row
Crops
- Fruits
and Vegetables
- Turf
and Ornamentals
- Others
GEOGRAPHICAL SEGMENTATION
By Region
- North
America
o
The U.S.
o
Canada
o
Mexico
- Europe
o
Spain
o
France
o
Germany
o
Italy
o
The U.K.
o
Rest of Europe
- Asia-Pacific
o
China
o
India
o
Japan
o
Australia
o
Rest of Asia-Pacific
·
Latin America
o
Brazil
o
Argentina
o
Rest of Latin America
- Middle
East & Africa
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