Globally, North America 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 market growth could be the growing
demand from consumers for organic products, the growing purchasing power, and the increasing awareness
among populace regarding humic substances. The United States and Canada are the major consumers of humic
substances in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the
second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest
CAGR in the forecast period. The developing countries like India and China are the major consumers of humic
substances in this region. The key players of the humic substances market are Biostadt, Isagro, Biochim, Arysta,
BioAG Alliance, BASF, and Syngenta. These players are concentrating on inorganic growth to sustain themselves
amidst fierce competition.
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