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Date Submitted: 10/19/2016 11:11 PM
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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Press Release
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....