Humic acid is a mixture of organic compounds obtained by the microbiological and chemical process of debris formation of living organisms into refractory organic compounds. Humic substances mainly account for 50-80% of organic carbon from the soil, bottom sediments & water, and are mainly produced on large scale from natural deposits such as coal and peat. The properties of humic acid include higher absorption capacity, environmental compatibility, and ion-exchange capacity, making humic acid a well-suited and attractive material for ecological remediation.

Market Dynamics

There has been a shifting inclination of individuals over usage of natural or organic pesticides in farming. As humic acid is naturally formed by biochemical and molecular mechanisms of waste materials and is non-toxic, its usage in organic farming and horticulture is gaining traction worldwide. Moreover, humic acid contains essential phytochemicals, such as fatty acids and hormones, and thus assists in cancer treatment. Humic acid assists in maintaining the electrochemical balance of vital body cells and its humic-fulvic acid assists in improving brain function among individuals. Thus, humic acid is also being adopted in the production of pharmaceutical drugs.

Though, an increasing number of substitutes to humic acid, such as other carbonates, owing to the difference in the pH levels is expected to hinder demand for humic acids to some extent. Moreover, the chance of fumigates production, while reacting with chlorine in the water is further expected to obstruct the market growth for humic acid in the upcoming years.

The major players operating in the humic acid market are focusing on product development strategies to widen their global reach. For instance, in September 2020, PureAcre, a U.S.-based agricultural innovation company, developed advanced nutritional management products that include both seaweed extracts and humic acid extracts. These products are expected to produce more yield in limited areas of agricultural land, and thus are gaining traction worldwide.

Key features of the study:

• This report provides an in-depth analysis of the global humic acid market, and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global humic acid market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies covered as a part of this study include Faust Bio-Agricultural Services, Humic Growth Solutions, Inc., Italpoliina S.p.A., LaboratoiresGoemar SAS, Koppert B.V., Sikko Industries, Black Earth Humic, Changsha Xian Shan Yuan Agriculture, Agbest Technology, Nature's Lawn & Garden, Humintech, Everwood Farm, Daymsa, and WinField Solutions
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• The global humic acid market report caters to various stakeholders in this industry including investors, suppliers, humic acid manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global humic acid market

Detailed Segmentation:

• Global Humic Acid Market, By Application:
  • Agriculture
  • Animal Feed
  • Ecological Remediation
  • Dietary Supplements
  • Pharmaceuticals
  • Others
• Global Humic Acid Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Faust Bio-Agricultural Services
  • Humic Growth Solutions, Inc.
  • Italpoliina S.p.A.
  • LaboratoiresGoemar SAS
  • Koppert B.V.
  • Sikko Industries
  • Black Earth Humic
  • Changsha Xian Shan Yuan Agriculture
  • Agbest Technology
  • Nature's Lawn & Garden
  • Humintech
  • Everwood Farm
  • Daymsa
  • WinField Solutions