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IMARC Group's report titled“ Humic Acid market Report by Form (Powdered, Granular, Liquid), Sales channel (Direct, Indirect), Application (Agriculture, Animal Feed, Pharmaceuticals, Horticulture, and Others), and Region 2024-2032 “, Offers a comprehensive analysis of the industry, which comprises insights on the market.
How big is the humic acid market?
The global humic acid market size reached US$ 658.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,358.1 Million by 2032, exhibiting a growth rate (CAGR) of 8.2% during 2024-2032.
Industry Overview of Humic Acid
Humic acid is a mixture of organic compounds naturally occurring in soil, peat, coal, and decaying organic matter. It is formed through the decomposition of plant and animal remains over an extended period. It consists of a complex mixture of molecules, including humic acids, fulvic acids, and hymatomelanic acids, which vary in size and molecular weight. It can chelate or bind to various ions, making it a natural chelating agent for essential nutrients like iron, making them more available to plants. It enhances soil structure, which increases its water-holding capacity, aeration, and nutrient retention. Besides this, it can buffer soil pH, helping to maintain it within an optimal range for plant growth.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/humic-acid-market/requestsample
What are the Growth Prospects and Trends in the Humic Acid Industry ? :
The escalating demand for organic and sustainable farming practices across the globe is driving the need for natural soil conditioners like humic acid, which improve soil fertility without synthetic chemicals.
Additionally, the growing awareness among farmers and agricultural professionals about the importance of soil health in crop productivity is offering a favorable market outlook. Apart from this, the rising shift towards environmentally friendly agricultural practices is promoting the adoption of humic acid.
Moreover, the growth of the organic food industry, driven by consumer demand for chemical-free and nutritious produce, is positively influencing the market.
Leading Companies Operating in the Global Humic Acid Industry:
Agbest Technology Co. Limited Arctech Inc. Black Earth Humic Cifo Srl Desarrollo Agrícola y Minero S.A. Humic Growth Solutions Inc. Humintech GmbH Jiangxi PingxiangAnhua Biotechnology Co. Ltd. Jiloca Industrial S.A. (JISA) Saint Humic Acid The Andersons Inc. Xian Shan Yuan Agriculture & Technology Co. Ltd.
Humic Acid Market Report Segmentation: The report has segmented the market into the following categories:
Breakup by Form:
Breakup by Sales Channel:
Breakup by Application:
Agriculture Animal Feed Pharmaceuticals Horticulture Others
Breakup by Region:
North America (United States, Canada) Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others) Europe (Germany, France, United Kingdom, Italy, Spain, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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