Humic Acid Market to Touch Us$1.04 Bn by 2024, Increasing Demand for Organic Foods to Enable Growth.Pdf

Transparency Market

Research

Humic Acid Market - Global Industry

Analysis, Size, Share, Growth, Trends, and

Forecast 2016 - 2024

Published Date

23-June-2016

143 Page Report

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Humic Acid Market to Touch US$1.04 bn by 2024, Increasing Demand for

Organic Foods to Enable Growth : TMR

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Humic Acid Market

REPORT DESCRIPTION

Humic Acid Market (Application - Agriculture, Ecological Bioremediation,

Horticulture, Dietary Supplements) - Global Industry Analysis, Size, Share,

Growth, Trends, and Forecast 2016 - 2024

Transparency Market Research has released a new market report titled “Humic Acid Market - Global

Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.” According to the report,

the global humic acid market was valued at US$387.1 Mn in 2015 and is anticipated to reach

US$1,041.7 Mn by 2024, expanding at a CAGR of 12.1% between 2016 and 2024.

Humic acid is a type of high polymer heterogeneous aromatic materials that contains various types of

active groups such as phenolic hydroxyl, etc. Humic substances provide an economical and

concentrated form of organic matter that can possibly act as a replacement for humus depletion,

which is caused as a result of the conventional fertilization methods. Humic acids are employed in

various applications such as agriculture, horticulture, dietary supplements, and ecological

bioremediation.

Growth in agriculture and horticulture applications is primarily estimated to augment the global humic

acid market in the next few years. Rising concern about the usage of chemical fertilizers and

increasing demand for organic foods are projected to boost the demand for humic acid during the

forecast period. However, inconsistency in quality of commercially available humic acid is likely to

hamper market growth....