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Humic Acid Market To Reach USD 624.98 Million By 2026
Market Summary Growing adoption of humic acid for various industrial uses coupled with increasing scale of organic farming is anticipated to drive demand. Market Size – USD 388.02 million in 2018, Market Growth - CAGR of 6.1%, Market Trends – Growing demand from various application.
Our Approach Our Approach Market Summary The global Humic Acid market is expected to reach USD 624.98 million by 2026, according to a new report by Reports and Data. Growing demand of humic acid from various applications coupled with increasing adoption of organic farming globally is a key factor influencing market growth. Agricultural centers across the globe have been experimenting on the effect of humic acid on plants. According to available literature, the ability of soil to plant root growth does not depends only on the concentration of nutrients but also on its organic matter content, depth, texture, acidity and water-retention capacity. Based on results, humates have been found to influence crop yields by improving soil texture, water retention and nutrient buffering capacity Europe is expected to grow at a CAGR of 6.4% in the forecast period. A number of crops and fruits & vegetables, which have been experimented for measuring the effect of humic acid, are grown on a large scale in Europe. Some of these include grapes, pears, tomatoes, potatoes, wheat and maize. Application of humic acid across these crops is expected to enhance the root-shoot growth and promote microbial activity. Along with this, humates are also responsible for improving the water-retention capacity and absorption of nutrients by plants. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/1247
Our Approach Our Approach Market Summary Further key findings from the report suggest • In regards to Source, the Yeast segment held a significant market share of more than 35.0% in 2019. The yeast is considered as one of the most versatile tool in biotechnology, which has resulted in its extensive use in manufacturing this product contributing to the market share held by this segment. • In context of Flavor, the Natural flavor segment is projected to occupy more than 40.0% of the market by 2027. The market share occupied by the Natural flavor segment is attributed to increasing demand for sustainable and bio-based products among consumers, which is resulting in growing popularity of natural flavors. • In context to Application, the Cleaning and household products segment is projected to witness a considerable growth rate of 8.8% during the forecast period. The growth rate witnessed by the Cleaning and household products segment is attributed to increasing awareness regarding health and hygiene, particularly in developing regions, which is resulting in increasing demand for these products contributing to the growing demand for these ingredients for these products. To identify the key trends in the industry, click on the link below@ https://www.reportsanddata.com/report-detail/humic-acid-market
Our Approach Our Approach Market Summary Key participants Nutri-Tech Solutions, Humintech GmbH, Humic Growth Solutions, Omnia Specialities, Canadian Humalite International, Grow More, AMCOl International and Jiloca International S.A. Humintech GmbH For the purpose of this report, Reports and Data have segmented global Humic Acid market on the basis of type, application and region: Product Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026) Powdered Form Granular Form
Our Approach Our Approach Market Summary Application Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026) Agriculture Industrial Animal Feed Pharmaceutical Order Now: https://www.reportsanddata.com/checkout-form/1247
About Us Our Approach Our Approach About Us About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com