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Global Humic Acid Water Soluble Fertilizers Market Expected to Reach USD 10,183.4 Million by 2027


Global Humic Acid Wa

iCrowdNewswire   Jan 12, 2021  11:00 AM ET

Global Humic Acid Water Soluble Fertilizers Market Summary

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Humic Acid Water Soluble Fertilizers Market by Type, Application and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 8,302.1 Million in 2019 and is expected to grow at a healthy growth rate of 3.5% by the year 2027. Humic acid is an organic molecule having major role in soil fertility and plant nutrition. It is rich in carbon, phenolic, carboxylic, carbohydrates, and enolic groups. Humic acid water-soluble fertilizers consist of humic acid and macronutrients. Humic acids Prevent high water and nutrient losses in light, sandy soils. Simultaneously convert them into fruitful soils by way of decomposition. In heavy and compact soils, aeration of soil and water retention are improved; cultivation measures are facilitated. It also helps in preventing soil cracking, surface water runoff and soil erosion by increasing the ability of colloids to combine.

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The global humic acid water soluble fertilizers market is segmented into different segments that are type, application and Region. Based on type, the global humic acid water soluble fertilizers market is segmented into the following categories: Liquid Fertilizers and Solid Fertilizers. Based on application, the global humic acid water soluble fertilizers market is segmented into crops, vegetables, fruits, turf, and others. Based on the region, the global Humic Acid Water Soluble Fertilizers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and the Rest of Latin America, the Asia Pacific is further segmented into, India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. The European region is further categorized into the U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa (MEA).

In the year 2020, the Humic Acid Water Soluble Fertilizers market is expected to witness a lower sale due to the adverse effect COVID 19 pandemic on business across the world. The COVID-19 pandemic has had a rapid and serious impact on the global manufacturing and financial sectors. However, no clarity on the deeper effects has been provided. Global disruptive supply chain, lack of raw material availability, temporary shutdown of production units is the reason for lower production output. Moreover, global demand from the customer’s side has also fallen due to the spread of the pandemic.

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As per GMR industry analyst Vidya Yadav, “The global Humic Acid Water Soluble Fertilizers market is anticipated to witness significant growth during the forecast period 2020-2027 driven by the product beneficial properties such as resistance property of these fertilizers, provides uniform application, can be used for both starter and in-season application, easier to handle when blending and applying. Asia Pacific is expected to register highest demand growth owing to industrial practices being adopted in agriculture to improve crop yield. High agricultural growth in China and India are expected to be major drivers for Asia Pacific industry’s growth”.

Key Takeaways from the Study:

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Report Scope:

Report Metric

Details

Market Value in 2019

USD 8,302.1 Million

Market Growth Rate (from 2021 to 2027)

3.5%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Units Considered

Value (USD Million) , Volume (Tons)

Market Segments

By Type, By Application

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, India, China, Japan, South Korea, India, Australia, Rest of Asia Pacific, U.K., France, Germany, Italy, Spain, Russia, Rest of Europe, Iran, South Africa, UAE, and Rest of MEA.

Key Companies Profiled

 Haifa Chemicals, Yara, Omex, The Andersons, Arab Potash Company, HUMINTECH GmbH, TAGROW, UralChem

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

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