Humic Acid Market Scope And Analysis

Report Code : TIPRE00008120
Category : Chemicals and Materials

Status : Published
No. of Pages : 161

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Humic Acid Market Scope and Analysis Report by 2030

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Humic Acid Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 1.14 Billion
Market Size by 2030	US$ 2.64 Billion
Global CAGR (2022 - 2030)	11.0%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Form Dry and Liquid By Application Agriculture Horticulture Ecological Bioremediation Dietary Supplements
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	AGBEST TECHNOLOGY CO LTD Agriculture Solutions Inc Black Earth Products Inc AGRICULTURAL AND MINING DEVELOPMENT SA Faust Bio Agricultural Services Inc Humic Growth Solutions Inc Humintech GmbH The Andersons Inc MYCSA Ag Inc

COVID-19 Impact:

The COVID-19 pandemic affected economies and industries in various countries across the world. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemicals & materials industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, and delivery schedules. Disruptions in the global supply chains led to shortages of raw materials, which hampered the production operations of various large-scale and small-scale humic acid manufacturers. The COVID-19 pandemic introduced various economic challenges, including trade barriers and tariffs, currency fluctuations, and regulatory challenges, which hindered the humic acid market growth in different regions. In late 2020 and early 2021, the humic acid market began reviving as governments of various countries took significant measures, such as well-coordinated vaccination drives. The resumption of agricultural and horticultural business activities and consumers’ shift toward organic food products propelled the demand for humic acid products in 2021, driving the humic acid market growth.

Competitive Landscape and Key Companies:

A few of the prominent players operating in the humic acid market include AGBEST TECHNOLOGY CO LTD, Agriculture Solutions Inc, Black Earth Products Inc, AGRICULTURAL AND MINING DEVELOPMENT SA, Faust Bio-Agricultural Services Inc, Humic Growth Solutions Inc, Humintech GmbH, The Andersons Inc, MYCSA Ag Inc, and Grow More Inc.