Market Research Reports

The global market for humic acid, which is rated highly among the most chemically active compound and contains essential phytochemical groups that are highly useful for various applications in agriculture and dietary supplements, is driven by a number of factors, and is projected for a strong CAGR 12.1% during the forecast period of 2016 to 2024, according to the report by Transparency Market Research (TMR). Some of the key factors augmenting the demand in the global humic acid market are growing demand for organic foods and rising concerns regarding the use of chemical fertilizers that cause substantial damage to the arable land, to the environment, and health of living things. On the other hand, inconsistency in quality of commercially available humic acid is somewhat hindering the prosperity of this market. As per the evaluations of the TMR report, the global market for humic acid was worth merely US$387.1 mn in 2015, but the valuation will breach the billion market soon in ...

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. Get the PDF Brochure for more Professional and Technical industry insights:  http://www.transparencymarketresearc...