Humic Substances Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2021
“The factors that are playing a major role in the growth of
the market are the rising demand for organic food
products, developing organic food industry in the
developing countries, and growing awareness among
populace regarding the negative impacts of chemical
fertilizers.”
Global humic substances market is expected to grow at a significant CAGR in the upcoming period as the scope
and its applications are rising enormously across the globe. Humic substances are exclusively distributed organic
products of biosynthesis, exceeding the quantity of carbon contained in all living organisms by around one order
of magnitude. It is dark brown chemically active compounds in soil, fully decomposed remains of an animal or
plant organic stuff.
The factors that are playing a major role in the growth of the market are the rising demand for organic food
products, developing organic food industry in the developing countries, and growing awareness among
populace regarding the negative impacts of chemical fertilizers. However, varying end-product quality and low
market penetration in the emerging countries may restrain overall market growth in the years to come. Humic
substances market is segmented based on product type, application, and region.
Turf & ornamentals, row crops, fruits & vegetables, and other product types could be explored in humic
substances market in the forecast period. The market could be categorized based on applications like a
laboratory, horticulture, agriculture, ecological bioremediation, and others that could be explored in the
forecast period. The agriculture sector accounted for the substantial market share of humic substances and is
estimated to lead the overall market in the years to come. The reason behind the overall sector growth could
be the rising government initiative to promote organic farming.
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