Humic Acid Market Size, Share & Trends Analysis Report By Application, Product Type, Competitive Strategies, And Segment Forecasts, 2020 - 2027
Humic Acid Market |
Humic acid is a by-product of the biodegradation of organic materials such soil/humus, peat, and coal. It is a complex mixture of different acids derived from phenolate and carboxyl groups that can be utilised to offer essential nutrition to crops, plants, and humans. As a result, humic acid is widely employed in the agricultural and medicinal industries for a range of purposes.
Increasing applications of humic acid in ecological bioremediation practises such as wastewater treatment, growing usage of organic fertilisers and soil supplements, and increasing applications of humic acid in ecological bioremediation practises such as wastewater treatment are among the major factors driving the global Humic Acid Market during the forecast period. Another factor driving worldwide market expansion is the increasing usage of DC antiglycagen – a unique mixture of humic acid, water, butylene glycol, and Olea Europaea (olive) fruit extracts – in cosmetics due to its antioxidant, anti-ageing, and skin-firming characteristics.
By Application
- Agriculture
- Animal Feed
- Ecological Remediation
- Dietary Supplements
- Pharmaceuticals
- Others
By Product Type
- Granular Humic Acid
- Powdered Humic Acid
- Liquid Humic Acid
Humic acid is a key component of humic substances, which include coal, peat, and soil. It is mostly found in leonardite sedimentation layers, which are lignite products, as the final break-down ingredient of natural animal and plant decay material. Humic acid is beneficial for soil fertility and enhances water holding capacity, and it is used in agriculture, horticulture, ecological bioremediation, and nutritional supplement applications. Because it is a natural soil conditioner and functions as a microbial stimulant or organic chelator, humic acid is an important aspect of agriculture and crop productivity.
The key players operating in the global humic acid market 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.
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