Market Size – USD 388.02 million in 2018, Market Growth - CAGR of 6.1%, Market Trends – Growing demand from various application

The global Humic Acid market is expected to reach USD 624.98 million by 2026, according to a new report by Reports and Data.

Europe is expected to grow at a CAGR of 6.4% in the forecast period. A number of crops and fruits & vegetables, which have been experimented for measuring the effect of humic acid, are grown on a large scale in Europe. Some of these include grapes, pears, tomatoes, potatoes, wheat and maize. Application of humic acid across these crops is expected to enhance the root-shoot growth and promote microbial activity. Along with this, humates are also responsible for improving the water-retention capacity and absorption of nutrients by plants. Based on experiments, treatment of humic acid on grapevines led to an increase in plant growth and nitrogen and chlorophyll content in leaves (measured using SPAD values). Along with this, the size of the grapes also increased thereby implying an increase in total yield.

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To gain a deeper understanding of the Humic Acid market, the report further provides an exhaustive analysis of the competitive landscape, including profiling of the competitors, revenue, % revenue market share, and technological and product advancements. The report also explores the new entrants, strategic alliances and collaborations, mergers, acquisitions, partnerships, agreements, and deals of the established companies. The report also sheds light on the government policies and their amendments related to the Humic Acid market.

Key Manufacturers of the Humic Acid Market Studied in the Report are:

Nutri-Tech Solutions,
Humintech GmbH,
Humic Growth Solutions,
Omnia Specialities,
Canadian Humalite International,
Grow More,
AMCOl International and Jiloca International S.A. Humintech GmbH
Market Segmentation by Product Type:

Powdered Form
Granular Form
Market Segmentation by Application:

Agriculture
Industrial
Animal Feed
Pharmaceutical
Regional Analysis of the Humic Acid Market Includes:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Further key findings from the report suggest:

Pharmaceutical segment is projected to be one of the fastest growing applications of the Humic Acid. It is anticipated to grow at a CAGR of 5.7% in the forecast period. Humates which are formed from peat have been used for the treatment of gastric, intestinal and hepatic diseases. Humic acid is generally used for musculoskeletal disorders, gynecological problems and skin treatment. Adoption of humic acid in organic farming is expected to play a major role in improving the health of consumers across the globe.
To know more about the report, visit @ https://www.reportsanddata.com/report-detail/humic-acid-market

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