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Increasing demand for organic food products, rising food security
concerns owing to use of chemical fertilizers, and growing water
purification and construction industries to drive global humic acid
market through 2023

According to TechSci Research report,

Global Humic Acid Market


By Application, By Sales Channel, By Region, Competition, Forecast
& Opportunities, 2013-2023

”, the global humic acid market is forecast to witness a CAGR of more than
12% during 2018 – 2023, owing to rising consumer preference for organic
food products and increasing concerns regarding the use of chemical
fertilizers due to rising aridity in soil across various regions, globally.
Moreover, increasing infrastructure development in countries such as United
States, Canada, Brazil, Saudi Arabia, China and India is anticipated to aid
growth in global humic acid market over the next five years. Shifting
consumption patterns, changing consumer lifestyles, adoption of organic
farming and need for enhanced crop productivity are expected to positively
influence the demand for humic substances, globally, during the forecast
period.

Browse 151 market data Figures and Tables spread through
170 Pages and an in-depth TOC on
“Global Humic Acid Market”




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There is a threat of substitutes to humic acid products in different
sectors and prevalence of adverse effects on crops, owing to humic acid
overdose. However, the market is anticipated to grow at a healthy rate, on
account of increasing demand for eco-friendly and specialty fertilizers,
innovation in product offerings, and robust growth in demand from global
animal feed industry, on the back of increasing livestock production to
cater to the ever-growing global population. Asia-Pacific is expected to be
the fastest growing region in the global humic acid market, owing to rising
demand from China and India. Europe is the largest demand generating region
for humic acid, globally, on account of early adoption of organic farming
practices and increasing expenditure on organic foods in the region. High
adoption rate of humic substances in agriculture, due to its
characteristics to improve the moisture content and restore the organic
matter content of the soils, would enable the agriculture sector to
maintain its market dominance in the coming years. Additionally, increasing
demand for anti-viral, anti-inflammatory, profibrinolytic and estrogenic
properties of humic acid in the pharmaceutical application is likely to
fuel the demand for humic acid in major economies of North America and
Europe during the forecast period.

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“Several companies are manufacturing humic substances, globally and
majority of the share is occupied by the manufacturers from the unorganized
sector. Top five companies in the market account for around one-third of
the market share. Major companies are looking forward to catering to the
rapidly growing demand from developing economies of the Asia-Pacific
region. Majority of the humic acid products are sold through the dealer and
distributor networks. In order to capitalize on the market potential, an
increasing number of market players are targeting to optimize the process
of product distribution through increasing focus on improving the technical
know-how of the dealer network and strengthen their base across the remote
locations in different regions.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.


“Global Humic Acid Market By Application, By Sales Channel, By Region,
Competition, Forecast & Opportunities, 2013-2023”

has evaluated the future growth potential of global humic acid market and
provides statistics and information on market size, structure and future
market growth. The report intends to provide cutting-edge market
intelligence and help decision makers to take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along
with essential drivers, challenges and opportunities in global humic acid
market.