Global Humic Acid Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

Industry : Chemical and Material Date : February 5th, 2018
Tutorials Get 15% Discount on First Report

The global humic acid market is expected to grow significantly from USD 423.61 million in 2016 to USD 967.33 million in 2023, at a CAGR of 12.5% from 2017 to 2023. The growth of the humic acid market across the globe is primarily driven by growing demand for sustainable agriculture and rising awareness about the negative impacts of chemical fertilizers. Additionally, the government initiatives to promote usage of bio-based resources in farming and growing demand for organic products are further boosting the growth of the global humic acid market.

 The years used for the assessment are as follows;

  • Historical year: 2013, 2014, 2015
  • Base year: 2016
  • Forecast period: 2017 – 2023

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total humic acid market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the humic acid market
  • Finalizing the overall size and share of the global humic acid market

OBJECTIVES:

  • To classify the global humic acid market into segments by application and region and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers, and restraints associated with the humic acid market
  • Profiling key companies operating in the global humic acid market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

Research scope for the global humic acid market is as follows:

By Application

  • Agriculture
  • Ecological Bioremediation
  • Horticulture
  • Dietary Supplements
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa (MEA)

The global humic acid market was valued at USD 423.61 million in 2016, is expected to reach USD 967.33 million by 2023, growing at a CAGR of 12.5% from 2017 to 2023. The key factors driving the growth of the humic acid market include growing demand for sustainable agriculture and rising awareness about the negative impacts of chemical fertilizers. Additionally, the government initiatives to promote usage of bio-based resources in farming and growing demand for organic products are further boosting the growth of the global humic acid market.

On the basis of application, agriculture segment was holding the largest market share of the global humic acid market in terms of value and volume, in 2016 owing to increasing demand for bio-fertilizers and environment-friendly products. Agriculture segment is anticipated to be the fastest growing application of the global humic acid market owing to increasing awareness about the benefits of humic acid in developing economies. Horticulture was the second largest application of the global humic acid market, in 2016 as humic acid stimulate plant growth and thus obtain high yield and quality in horticulture crops.

North America was holding the largest share of the global humic acid market, in terms of value and volume, in 2016 and is anticipated to lead the market, throughout the forecast period. Increasing health awareness coupled with growing demand for organic products are the factors boosting the demand for humic acid in the region. Europe was the second largest market for the humic acid, in 2016 and is expected to sustain its position over the forecast period. Government funding to support agriculture and policies such as common agricultural policy (CAP) is anticipated to drive the growth of the European humic acid market in near future. Asia-Pacific is forecasted to be the fastest growing market of humic acid, over the forecast period. The growth of the humic acid market in the region is attributed to the rising food demand coupled with pressure to obtain maximum yield from cultivable lands.

Some of the leading players in global humic acid market include Biolchim S.p.A., Humintech GmbH, Humic Growth Solutions, Arihant Bio Fertichem Pvt. Ltd., Horizon AG-Products, Jiloca Industrial, S.A., Omnia Holdings Limited, Saint Humic Acid, HCM Agro Products Private Ltd., Sikko Industries Ltd., Shandong Chuangxin Humic Acid Technology Co. Ltd., Black Earth Humic LP, Minerals Technology Inc., among others.

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Application

1.2.2. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Sources

1.5. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Opportunities

2.2.1.1. Growing Demand for Food Crops in Developing Countries

2.2.1.2. Market Players Focusing on Innovation to Boost Supply Demand Mix

2.2.2. Trends

2.2.2.1. Increasing Demand for Green Fertilizers

2.2.2.2. Demand for High Crop Yield and Enhanced Quality

2.2.2.3. Incresing Demand from European Market

2.2.3. Growth Drivers

2.2.3.1. Growing Demand for Sustainable Agriculture

2.2.3.2. Rising Awareness About the Negative Impacts of Chemical Fertilizers

2.2.3.3. Government Initiatives to Promote Usage of Bio-Based Resources in Farming

2.2.3.4. Growing Demand for Organic Products

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

2.2.5.1. Inconsistent Quality of End Product

2.2.5.2. Lack of Awareness Among Farmers in Developing Economies

2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Humic Acid Market Size and Forecast (2013 – 2023)

4.1. Global Humic Acid Market, By Application

4.1.1.1. Agriculture

4.1.1.2. Ecological Bioremediation

4.1.1.3. Horticulture

4.1.1.4. Dietary Supplements

4.1.1.5. Others

4.2. Global Humic Acid Market, By Region

4.2.1. North America

4.2.2. Europe

4.2.3. Asia-Pacific

4.2.4. South America

4.2.5. Middle East & Africa (MEA)

CHAPTER 5. Global Humic Acid Market, By Geography

5.1. North America Humic Acid Market

5.1.1. North America Humic Acid Market, By Application (Kilo Tons)

5.1.2. North America Humic Acid Market, By Application (USD Million)

5.1.3. North America Humic Acid Market, By Country

5.1.3.1. The U.S.

5.1.3.1.1. U.S. Humic Acid Market Size (Kilo Tons)

5.1.3.1.2. U.S. Humic Acid Market Size (USD Million)

5.1.3.2. Canada

5.1.3.2.1. Canada Humic Acid Market Size (Kilo Tons)

5.1.3.2.2. Canada Humic Acid Market Size (USD Million)

5.1.3.3. Mexico

5.1.3.3.1. Mexico Humic Acid Market Size (Kilo Tons)

5.1.3.3.2. Mexico Humic Acid Market Size (USD Million)

5.2. Europe Humic Acid Market

5.2.1. Europe Humic Acid Market, By Application (Kilo Tons)

5.2.2. Europe Humic Acid Market, By Application (USD Million)

5.2.3. Europe Humic Acid Market, By Country

5.2.3.1. Germany

5.2.3.1.1. Germany Humic Acid Market Size (Kilo Tons)

5.2.3.1.2. Germany Humic Acid Market Size (USD Million)

5.2.3.2. France

5.2.3.2.1. France Humic Acid Market Size (Kilo Tons)

5.2.3.2.2. France Humic Acid Market Size (USD Million)

5.2.3.3. The U.K.

5.2.3.3.1. U.K. Humic Acid Market Size (Kilo Tons)

5.2.3.3.2. U.K. Humic Acid Market Size (USD Million)

5.2.3.4. Italy

5.2.3.4.1. Italy Humic Acid Market Size (Kilo Tons)

5.2.3.4.2. Italy Humic Acid Market Size (USD Million)

5.2.3.5. Spain

5.2.3.5.1. Spain Humic Acid Market Size (Kilo Tons)

5.2.3.5.2. Spain Humic Acid Market Size (USD Million)

5.2.3.6. Rest of Europe

5.2.3.6.1. Rest of Europe Humic Acid Market Size (Kilo Tons)

5.2.3.6.2. Rest of Europe Humic Acid Market Size (USD Million)

5.3. Asia-Pacific Humic Acid Market

5.3.1. Asia-Pacific Humic Acid Market, By Application (Kilo Tons)

5.3.2. Asia-Pacific Humic Acid Market, By Application (USD Million)

5.3.3. Asia-Pacific Humic Acid Market, By Country

5.3.2.1. China

5.3.2.1.1. China Humic Acid Market Size (Kilo Tons)

5.3.2.1.2. China Humic Acid Market Size (USD Million)

5.3.2.2. Japan

5.3.2.2.1. Japan Humic Acid Market Size (Kilo Tons)

5.3.2.2.2. Japan Humic Acid Market Size (USD Million)

5.3.2.3. India

5.3.2.3.1. India Humic Acid Market Size (Kilo Tons)

5.3.2.3.2. India Humic Acid Market Size (USD Million)

5.3.2.4. Indonesia

5.3.2.4.1. Indonesia Humic Acid Market Size (Kilo Tons)

5.3.2.4.2. Indonesia Humic Acid Market Size (USD Million)

5.3.2.5. Malaysia

5.3.2.5.1. Malaysia Humic Acid Market Size (Kilo Tons)

5.3.2.5.2. Malaysia Humic Acid Market Size (USD Million)

5.3.2.6. South Korea

5.3.2.6.1. South Korea Humic Acid Market Size (Kilo Tons)

5.3.2.6.2. South Korea Humic Acid Market Size (USD Million)

5.3.2.7. Australia

5.3.2.7.1. Australia Humic Acid Market Size (Kilo Tons)

5.3.2.7.2. Australia Humic Acid Market Size (USD Million)

5.3.2.8. Rest of Asia-Pacific

5.3.2.8.1. Rest of Asia-Pacific Humic Acid Market Size (Kilo Tons)

5.3.2.8.2. Rest of Asia-Pacific Humic Acid Market Size (USD Million)

5.4. South America Humic Acid Market

5.4.1. South America Humic Acid Market, By Application (Kilo Tons)

5.4.2. South America Humic Acid Market, By Application (USD Million)

5.4.3. South America Humic Acid Market, By Country

5.4.3.1. Brazil

5.4.3.1.1. Brazil Humic Acid Market Size (Kilo Tons)

5.4.3.1.2. Brazil Humic Acid Market Size (USD Million)

5.4.3.2. Argentina

5.4.3.2.1. Argentina Humic Acid Market Size (Kilo Tons)

5.4.3.2.2. Argentina Humic Acid Market Size (USD Million)

5.4.3.3. Colombia

5.4.3.3.1. Colombia Humic Acid Market Size (Kilo Tons)

5.4.3.3.2. Colombia Humic Acid Market Size (USD Million)

5.4.3.4. Rest of South America

5.4.3.4.1. Rest of South America Humic Acid Market Size (Kilo Tons)

5.4.3.4.2. Rest of South America Humic Acid Market Size (USD Million)

5.5. Middle East & Africa (MEA) Humic Acid Market

5.5.1. Middle East & Africa (MEA) Humic Acid Market, By Application (Kilo Tons)

5.5.2. Middle East & Africa (MEA) Humic Acid Market, By Application (USD Million)

5.5.3. Middle East & Africa (MEA) Humic Acid Market, By Country

5.5.3.1. Saudi Arabia

5.5.3.1.1. Saudi Arabia Humic Acid Market Size (Kilo Tons)

5.5.3.1.2. Saudi Arabia Humic Acid Market Size (USD Million)

5.5.3.2. UAE

5.5.3.2.1. UAE Humic Acid Market Size (Kilo Tons)

5.5.3.2.2. UAE Humic Acid Market Size (USD Million)

5.5.3.3. Iran

5.5.3.3.1. Iran Humic Acid Market Size (Kilo Tons)

5.5.3.3.2. Iran Humic Acid Market Size (USD Million)

5.5.3.4. South Africa

5.5.3.4.1. South Africa Humic Acid Market Size (Kilo Tons)

5.5.3.4.2. South Africa Humic Acid Market Size (USD Million)

5.5.3.5. Rest of MEA

5.5.3.5.1. Rest of MEA Humic Acid Market Size (Kilo Tons)

5.5.3.5.2. Rest of MEA Humic Acid Market Size (USD Million)

CHAPTER 6. Key Players and Strategic Developments

6.1. Biolchim S.p.A.

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. SWOT Analysis

6.1.5. Strategic Developments

6.2. Humintech GmbH

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. SWOT Analysis

6.2.5. Strategic Developments

6.3. Humic Growth Solutions

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. SWOT Analysis

6.3.5. Strategic Developments

6.4. Arihant Bio Fertichem Pvt. Ltd.

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. SWOT Analysis

6.4.5. Strategic Developments

6.5. Horizon AG-Products

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. SWOT Analysis

6.5.5. Strategic Developments

6.6. Jiloca Industrial, S.A.

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. SWOT Analysis

6.6.5. Strategic Developments

6.7. Omnia Holdings Limited

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. SWOT Analysis

6.7.5. Strategic Developments

6.8. Saint Humic Acid

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. SWOT Analysis

6.8.5. Strategic Developments

6.9. HCM Agro Products Private Ltd.

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. SWOT Analysis

6.9.5. Strategic Developments

6.10. Sikko Industries Ltd.

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. SWOT Analysis

6.10.5. Strategic Developments

6.11. Shandong Chuangxin Humic Acid Technology Co. Ltd.

6.11.1. Business Overview

6.11.2. Product and Service Offering

6.11.3. Financial Overview

6.11.4. SWOT Analysis

6.11.5. Strategic Developments

6.12. Black Earth Humic LP

6.12.1. Business Overview

6.12.2. Product and Service Offering

6.12.3. Financial Overview

6.12.4. SWOT Analysis

6.12.5. Strategic Developments

6.13. Minerals Technology Inc.

6.13.1. Business Overview

6.13.2. Product and Service Offering

6.13.3. Financial Overview

6.13.4. SWOT Analysis

6.13.5. Strategic Developments

6.14. Abbreviations

Global Humic Acid Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation Forecast 2023