Humic Acid Water Soluble Fertilizers Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Liquid Fertilizers, Solid Fertilizers); By Application (Crops, Vegetables, Fruits, Turf, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Global Humic Acid Water Soluble Fertilizers Market Size Set to Cross USD 11.8 Billion by 2029
Global humic acid water soluble fertilizers market is gaining traction because of the growing demand for sustainable agricultural practices and government support and regulations promoting organic farming.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global humic acid water soluble fertilizers market size at USD 9,082.48 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global humic acid water soluble fertilizers market size to grow at a steady CAGR of 3.92% reaching a value of USD 11,823.41 million by 2029. An increase in the demand for organic fertilizers over synthetic alternatives in the farming sector is one of the key development reasons for the global humic acid water soluble fertilizers market. Due to their ability to store water and endurance to drought, these fertilizers are appropriate for use in drought-affected areas, which further promotes its market growth.
Global Humic Acid Water Soluble Fertilizers Market – Overview
Humic acid fertilizer promotes the growth of soil microbes, which helps to improve soil structure, regulate PH levels, and protect crops from dangerous poisons and metals. Additionally, it also increases oxygen levels and further enhances soil life. Fertilizer containing humic acid stimulates plant biological reactions. The humic acid application promotes root initiation and root development, enhancing seed germination and seedling growth. Humic acid does not contain any rooting hormones; instead, it works to stop them from oxidizing and breaking down, which keeps IAA active for a longer period.
Global Humic Acid Water Soluble Fertilizers Market – By Application
Based on application, the global humic acid water soluble fertilizers market is segmented into crops, vegetables, fruits, turf, and others. The crops segment accounts for the largest market share. Humic acid buffers soil pH, bringing it to optimal ranges of 5.5 to 7.5 for plant growth and nutrient uptake. As a result of their role as natural chelators, they facilitate nutrient absorption by crop roots more effectively, improving soil quality and production over time.
Impact of COVID-19 on Global Humic Acid Water Soluble Fertilizers Market
The COVID-19 pandemic offered lucrative growth opportunities to the global humic acid water soluble fertilizers market. The market witnessed a setback during the initial outbreak in March 2020 due to an interruption in production activities during the lockdown period, particularly in India and China. The lack of raw materials and restrictions in the supply chain further hampered market growth during this period. However, due to an increase in demand for organic food brought on by consumers' growing health consciousness, the agriculture sector has seen an enticing shift towards organic farming and sustainable agricultural practices, proliferating global humic acid water soluble fertilizers market growth.
Competitive Landscape
Major players operating in the global humic acid water soluble fertilizers market include Haifa Chemicals, Yara, The Andersons, Arab Potash Company, HUMINTECH GmbH, TAGROW, UralChem, Omex, ICL Fertilizers, and SQM. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Humic Acid Water Soluble Fertilizers Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Humic Acid Water Soluble Fertilizers Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Global Humic Acid Water Soluble Fertilizers Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing Demand for Sustainable Agricultural Practices
- 3.2.1.2. Need for Enhanced Crop Productivity
- 3.2.1.3. Government Support and Regulations Promoting Organic Farming
- 3.2.2. Restraints
- 3.2.2.1. High Production and Processing Costs
- 3.2.2.2. Limited Awareness and Understanding Among Farmers
- 3.2.3. Opportunity
- 3.2.3.1. Rising Adoption of Organic Farming Practices
- 3.2.3.2. Expansion of the Agriculture Sector in Emerging Economies
- 3.2.3.3. Development of Innovative and Advanced Formulations of Humic Acid Water-Soluble Fertilizers
- 3.2.4. Challenges
- 3.2.4.1. Variability in Quality and Composition of Humic Acid Products
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Global Humic Acid Water Soluble Fertilizers Market Overview
- 4.1. Market Size & Forecast by Value, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Liquid Fertilizers
- 4.2.1.2. Solid Fertilizers
- 4.2.2. By Application
- 4.2.2.1. Crops
- 4.2.2.2. Vegetables
- 4.2.2.3. Fruits
- 4.2.2.4. Turf
- 4.2.2.5. Others
- 4.2.3. By Region
- 4.2.3.1. North America
- 4.2.3.2. Europe
- 4.2.3.3. Asia Pacific (APAC)
- 4.2.3.4. Latin America (LATAM)
- 4.2.3.5. Middle East and Africa (MEA)
- 5. North America Humic Acid Water Soluble Fertilizers Market
- 5.1. Market Size & Forecast by Value, 2019–2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Application
- 5.2.3. By Country
- 5.2.3.1. United States
- 5.2.3.1.1. By Type
- 5.2.3.1.2. By Application
- 5.2.3.2. Canada
- 5.2.3.2.1. By Type
- 5.2.3.2.2. By Application
- 6. Europe Humic Acid Water Soluble Fertilizers Market
- 6.1. Market Size & Forecast by Value, 2019–2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By Country
- 6.2.3.1. Germany
- 6.2.3.1.1. By Type
- 6.2.3.1.2. By Application
- 6.2.3.2. United Kingdom
- 6.2.3.2.1. By Type
- 6.2.3.2.2. By Application
- 6.2.3.3. Italy
- 6.2.3.3.1. By Type
- 6.2.3.3.2. By Application
- 6.2.3.4. France
- 6.2.3.4.1. By Type
- 6.2.3.4.2. By Application
- 6.2.3.5. Spain
- 6.2.3.5.1. By Type
- 6.2.3.5.2. By Application
- 6.2.3.6. Belgium
- 6.2.3.6.1. By Type
- 6.2.3.6.2. By Application
- 6.2.3.7. Russia
- 6.2.3.7.1. By Type
- 6.2.3.7.2. By Application
- 6.2.3.8. The Netherlands
- 6.2.3.8.1. By Type
- 6.2.3.8.2. By Application
- 6.2.3.9. Rest of Europe
- 6.2.3.9.1. By Type
- 6.2.3.9.2. By Application
- 7. Asia-Pacific Humic Acid Water Soluble Fertilizers Market
- 7.1. Market Size & Forecast by Value, 2019–2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Country
- 7.2.3.1. China
- 7.2.3.1.1. By Type
- 7.2.3.1.2. By Application
- 7.2.3.2. India
- 7.2.3.2.1. By Type
- 7.2.3.2.2. By Application
- 7.2.3.3. Japan
- 7.2.3.3.1. By Type
- 7.2.3.3.2. By Application
- 7.2.3.4. South Korea
- 7.2.3.4.1. By Type
- 7.2.3.4.2. By Application
- 7.2.3.5. Australia & New Zealand
- 7.2.3.5.1. By Type
- 7.2.3.5.2. By Application
- 7.2.3.6. Indonesia
- 7.2.3.6.1. By Type
- 7.2.3.6.2. By Application
- 7.2.3.7. Malaysia
- 7.2.3.7.1. By Type
- 7.2.3.7.2. By Application
- 7.2.3.8. Singapore
- 7.2.3.8.1. By Type
- 7.2.3.8.2. By Application
- 7.2.3.9. Vietnam
- 7.2.3.9.1. By Type
- 7.2.3.9.2. By Application
- 7.2.3.10. Rest of APAC
- 7.2.3.10.1. By Type
- 7.2.3.10.2. By Application
- 8. Latin America Humic Acid Water Soluble Fertilizers Market
- 8.1. Market Size & Forecast by Value, 2019–2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Country
- 8.2.3.1. Brazil
- 8.2.3.1.1. By Type
- 8.2.3.1.2. By Application
- 8.2.3.2. Argentina
- 8.2.3.2.1. By Type
- 8.2.3.2.2. By Application
- 8.2.3.3. Peru
- 8.2.3.3.1. By Type
- 8.2.3.3.2. By Application
- 8.2.3.4. Rest of LATAM
- 8.2.3.4.1. By Type
- 8.2.3.4.2. By Application
- 9. Middle East & Africa Humic Acid Water Soluble Fertilizers Market
- 9.1. Market Size & Forecast by Value, 2019–2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Country
- 9.2.3.1. Saudi Arabia
- 9.2.3.1.1. By Type
- 9.2.3.1.2. By Application
- 9.2.3.2. UAE
- 9.2.3.2.1. By Type
- 9.2.3.2.2. By Application
- 9.2.3.3. Qatar
- 9.2.3.3.1. By Type
- 9.2.3.3.2. By Application
- 9.2.3.4. Kuwait
- 9.2.3.4.1. By Type
- 9.2.3.4.2. By Application
- 9.2.3.5. South Africa
- 9.2.3.5.1. By Type
- 9.2.3.5.2. By Application
- 9.2.3.6. Nigeria
- 9.2.3.6.1. By Type
- 9.2.3.6.2. By Application
- 9.2.3.7. Algeria
- 9.2.3.7.1. By Type
- 9.2.3.7.2. By Application
- 9.2.3.8. Rest of MEA
- 9.2.3.8.1. By Type
- 9.2.3.8.2. By Application
- 10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. Global Humic Acid Water Soluble Fertilizers Company Market Share Analysis, 2022
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- 11. Impact of Covid-19 on Global Humic Acid Water Soluble Fertilizers Market
- 12. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
- 12.1. Haifa Chemicals
- 12.2. Yara
- 12.3. The Andersons
- 12.4. Arab Potash Company
- 12.5. HUMINTECH GmbH
- 12.6. TAGROW
- 12.7. UralChem
- 12.8. Omex
- 12.9. ICL Fertilizers
- 12.10. SQM
- 12.11. Other Prominent Companies
- 13. Key Strategic Recommendations
- 14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumption & Limitation
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