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Humic Acid Market Globally Expected to Drive Growth through 2024

Global Humic Acid Market is anticipated to reach US$1,041.7 Mn by 2024; humic acid market to be driven by growth in agriculture and horticulture applications, Industry size of humic acid to expand at CAGR of 12.1% by 2024

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Humic Acid Market Globally Expected to Drive Growth through 2024

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  1. Humic AcidGlobal Industry Analysis, Size, Share, Growth, Trends and Forecast, 2024 Global Humic Acid Market to reach worth of US$1.04 Bn by 2024 End, Increasing Focus of Vendors on Promising Avenues in Emerging Economies to impart Growth Momentum ©2019 Transparency Market Research, All Rights Reserved

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  4. Research Insights TMR projects the global humic acid market to expand at a robust CAGR of 12.1% during 2016–2024. The global market stood at US$387.1 million in 2015 and is projected to reach a revenue worth of US$1.04 billion by the end of the forecast period. On the regional front, North America led the global humic acid market in 2015 by contributing about 40% of the total share. This regional market is expected to hold its sway throughout the forecast period.  The steady growth of the humic acid market, however, is constrained by the lack of standardization in commercially available humic acids in various parts of the world.  The rising adoption of organic foods of farming, in light of growing popularity of organic food across the globe, is a key factor boosting the humic acid market. The rising use of humic acid in horticulture, ecological bioremediation, and dietary supplements applications is a notable factor propelling the humic acid market growth. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

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