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Top Trends Augmenting Global Humic Acid Market Outlook Over 2021-2026

Author : Ravi Chawat | Published Date : 2021-01-13 

As per a news research report, Humic acid market size to reach USD 1.4 billion by 2026. Humic acid industry size is witnessing significant growth from 2020 to 2026. With rising consciousness pertaining to consuming healthy food, the need for organic food products is tremendously expanding. In this context, humic acid business has seen remarkable growth proceeds over the recent years. Humic substances play an essential role in building a nutritious soil system which significantly contribute towards development of more resilient plants. What has prompted the explicit use of these substances in fruit, vegetable, and crop production is a decrease in agricultural land worldwide.

The use of humic acid across this land tends to enhance its water retention properties along with the soil texture, thereby improving the complete soil productivity. Mounting cognizance amongst agriculturists and farmers to maintain and augment the quality of soil for obtaining high agricultural output would substantially bring about a revolution in humic acid market in the upcoming years.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1517

With the increasing demand of organic products in U.S. and Canada, North America region is projected to stand tall in humic acid market in the near future. Reports suggest that over 30 per cent of homes across the U.S. make use of organic food products due to rising awareness and high economic affluence of the residents. It is prudent to mention that North America, additionally, also houses the presence of one of the most prominent humic acid providers – Black Earth Humic.

Black Earth Humic has its root in Canada and is extensively involved in offering highest quality humic material in whole of North America. Its bio stimulants are expected to yield high profits for farm workers as they strive on improving soil conditions. Black Earth in 2016, also announced a strategic partnership with Top Krop Fertilizers to support farmers pledge to grow healthy crops.

Apart from the agricultural sector that is leveraging high end benefits of humic acid, the product also finds widespread applications in horticulture, dietary supplements, vertical farms, medicines, residential gardening, and many others. Considering various health benefits of humic acid, the dietary supplements sector is estimated to amass noteworthy gains over the upcoming years. Humic acid products help in detoxification of human body and ay today owing to the growing demand for crop yields in order to feed an ever-increasing population. Over exploitation of arable lands has led to degradation and depletion of soil nutrients and fertility.

To meet the requirement of a consistently growing population, agricultural demand, by 2050, may increase by nearly 50 per cent as compared to 2013, as reported by Food and Agriculture Organization report. Additionally, it has been apprehended that worldwide food demand is anticipated to rise anywhere between 59 to 98 per cent by the end of 2050. Therefore, to suffice this, farmers are turning towards sustainable farming techniques and methods which would potentially enhance their production capabilities.

Browse More News:

https://www.prnewswire.com/news-releases/biopesticides-market-slated-to-surpass-3-3-billion-valuation-by-2026--says-global-market-insights-inc-301051558.html

https://www.globenewswire.com/news-release/2018/11/07/1646722/0/en/Agricultural-Adjuvants-Market-to-hit-3bn-by-2025-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2019/03/07/1749453/0/en/Ammonium-Nitrate-Market-to-exceed-23bn-by-2025-Global-Market-Insights-Inc.html

 

 

 

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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