Share
North America Humic Acid Market: By Application (Agriculture, Ecological Bioremediation, Horticulture, Dietary Supplements), by Type (Granular Humic Acid, Powdered Humic Acid, Liquid Humic Acid), By Crop (Row Crops and Specialty Crops) And Region - Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[ 170 + Pages Research Report ] North America Humic Acid Market to surpass USD 646.3 billion by 2031 from USD 225 billion in 2021 at a CAGR of 12.5% in the coming years, i.e., 2021-2031.
Humic acid is an organic compound used as fertilizer. Humic acids have numerous positive biological properties which help plants during their growth period. Due to the increasing population crop management has become a necessity in response to the rising demand for crop yields. The fertility of the soil is degrading due to the overuse of cultivable land. Humic acid is used to improve the soil texture and water retention properties and helps plants absorb more nutrients from the soil. Humic acid also improves the overall productivity of the soil. Humic acid behaves like a natural soil conditioner that acts as a microbial stimulator The awareness is developing amongst the farmers and agriculturists to enhance and maintain the quality of soil for better agricultural output remarkably led to a surge in humic acid market size.
North America Humic Acid Market is expected to project a notable CAGR of 12.5% in 2031.
The use of humic acid is increasing in agriculture, and raising awareness of the product's biological, chemical, and economic benefits drives this segment’s growth. Humic acids promote the conversion of essential nutrients such as potassium, nitrogen, phosphorous, and zinc, and improve plants' natural resistance against pests and disease.
The row crop segment to drive the industry during 2021-31
Based on By Crop North America Humic Acid Market is fragmented into Row Crops and Specialty Crops. The requirement of row crops is very high, which includes all types of grains such as oats, barley, corn, wheat, etc. The increased consumption and export of this agricultural produce will drive the demand for humic acid during the predicted period. Humic acid is used to increase the yield of row crops, creating new possibilities for the North American humic acid market.
The agriculture industry segment dominates the market
North America Humic Acid Market is classified based on Application into Agriculture, Ecological Bioremediation, Horticulture, Dietary Supplements. The agriculture application segment is expected to take the largest revenue share in the North American humic acid market over the forecast period. Humic acid gives numerous benefits for plant growth, like increased nutrient uptake, healthy microbial growth, water retention, and also improved soil structure.
Growing application of humic acid in agriculture
One of the market's primary drivers is the use of humic acid is increasing in the agriculture sector to improve soil quality and crop yield, growing usage of organic fertilizers and soil supplements and increasing applications of humic acid in ecological bioremediation practices are among the major factors considering for the growth of the North America humic acid market during the forecast period.
Rising awareness of the health benefits of humic acid
Humic acid contains important phytochemical elements like polyphenols, ketones, fatty acids, and natural sterols and acts as an anti-cancer nutrient. Humic acids improve brain function by repairing, regenerating, and restoring brain cells. Humic acid is filled with trace minerals to help our body function smoothly.
Side effects associated with humic acid
Extravagant intake of humic acid in the form of dietary supplements could make the immune system of a human body hyperactive, leading to risks of auto-immune diseases such as lupus (systemic lupus erythematosus), rheumatoid arthritis (RA), multiple sclerosis (MS), or numerous other conditions.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
North America Humic Acid Market is segmented based on regional analysis into two major regions: the United States and Canada. In the United States, there are inflexible regulations and the growing awareness of sustainable farming techniques are some of the major factors attributing the growth to humic acid market Rules imposed by the U.S. government against the use of chemical fertilizers to promote organic fertilizers. Supportive government policies will heighten agricultural production in Canada during the forecast period. Canada's humic acid market held more than a 10% share of the North American market in 2021.
In the COVID-19 outbreak, Due to the lack of raw materials and manpower, the producers of humic acid have reduced their production capacity and production is also affected by the demand. However, with the moderate restrictions and gradual reopening of various industries, this market is expected to press forward in the coming years.
North America Humic Acid Market is further segmented by region into:
Humic Acid Market Segments:
| Report Attribute | Details |
| The market size value in 2021 | USD 225 billion |
| The revenue forecast in 2031 | USD 646.3 billion |
|
Growth Rate |
CAGR of 12.5% from 2021 to 2031 |
| The base year for estimation | 2020 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2030 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Application, and Region |
| Regional scope | United States and Canada |
| Key companies profiled | Black Earth Humic LP, Faust Bio-Agricultural Services, Inc., Agriculture Solution, Inc., Humic Growth Solution, Inc., Everwood Farm, Nature’s Lawn & Garden, Inc., Grow More, Inc., Winfield, Organic Approach, Other Prominent Players |
North America Humic Acid Market size was estimated at USD XXX in 2021 and is expected to reach USD XXX in 2031.
Key players are The Anderson Inc., Black Earth Humic LP, Faust Bio-Agricultural Services, Inc., Agriculture Solution, Inc. Humic Growth Solution, Inc., Everwood Farm, Nature’s Lawn & Garden, Inc., Grow More, Inc., Winfield, Organic Approach, LLC, Wilbur-Ellis Company and Other Prominent Players.
The row crop segment and The agriculture industry segment is anticipated to hold the North America Humic Acid Market
Drivers: Growing application of humic acid in agriculture and Rising awareness of the health benefits of humic acid
Humic acid is an organic compound used as fertilizer. Humic acids have numerous positive biological properties which help plants during their growth period. Due to the increasing population crop management has become a necessity in response to the rising demand for crop yields. The fertility of the soil is degrading due to the overuse of cultivable land. Humic acid is used to improve the soil texture and water retention properties and helps plants absorb more nutrients from the soil.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
