Ocean View, Delaware, May 10, 2017 (GLOBE NEWSWIRE) --
Humic Acid Market share is set to surpass USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc.
Increasing awareness towards the harmful effects of chemical fertilizers and other synthetic agrochemicals, especially in the developed economies of Europe and North America, is likely to have a considerable influence on the humic acid market growth. Excessive usage of synthetic chemicals to improve the crop productivity degrades the groundwater quality as they seep down without being completely utilized by the plants.
Moreover, government regulations such as the Common Agricultural Policy of the European Union proposed an expenditure of 30% of direct payments to promote the usage of bio-based resources in farming. Global humic acid market demand may witness a significant rise in these regions in the coming years.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1517
Less awareness about the benefits of organic farming in the emerging agro-based economies such as India, China, Brazil, etc. may hinder the overall humic acid market at present. Availability of cheap chemical fertilizers with high and balanced nutrient concentration further deteriorates the industry landscape. According to the Department of Fertilizer of the Indian Government, the demand of urea, a popularly used chemical fertilizer, is estimated at more than 35 kilo tons in the country by 2020 with a steady growth at more than close to 3% CAGR. These factors may have negative influences on the humic acid market growth.
Humic acid market application includes agriculture, horticulture, dietary supplements, ecological bioremediation, and others such as residential gardening, vertical farms, medicines, etc. Agricultural application is poised to hold sway the global humic acid market through the forecast years owing to rising inclination towards organic farming in the developed countries. This segment growth will also be boosted by various government subsidiaries and grants in different countries around the globe.
Rising awareness about the health and environmental hazards associated with chemical fertilizers will positively influence the horticultural applications for the product. This segment will likely be valued over USD 200 million by 2024, witnessing growth at a significant rate.
Browse key industry insights spread across 80 pages with 88 market data tables & 10 figures & charts from this 2017 report Humic Acid Market in detail along with the table of contents at:
https://www.gminsights.com/industry-analysis/humic-acid-market
Dietary supplements are poised to generate over USD 100 million for the humic acid market in 2024 owing to rising trend towards body fitness and toning among the young ad middle age population throughout the world. Medicinal benefits of the humic acid will further augment the industry growth.
In 2024, North America humic acid market will likely hold sway the global industry and will likely account for a revenue in excess of USD 400 million. Prevalence of United States organic food industry will positively influence on the regional industry growth in coming years.
Rapidly developing organic sector in Europe will also propel the growth of humic acid market in the region. Government funding initiatives such as that under Common Agriculture Policy will signify the European industry. In 2024, this region will record a revenue over USD 300 million.
Some key market participants are The Andersons, Humintech, Wilbur-Ellis Company, NPK Industries, Nature's Lawn & Garden, Black Earth Humic, Biolchim, Faust Bio-Agricultural Services, Grow More, Humic Growth Solutions, Nutri-Tech Solutions, National Pesticides & Chemicals, Tagrow, Agriculture Solutions, WinField Solutions, Saint Humic Acid, Organic Approach, Sikko Industries, and Jiloca Industrial.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1517
Browse Related Reports:
- Peracetic Acid Market Size 2017 – 2024
Peracetic Acid Market size was over USD 485 million in 2016 and is anticipated to witness growth at a CAGR of 7.7% over the projected timeframe. Peracetic acid market growth is propelled by its increased demand in food and beverage industry. The global peracetic acid market in food and beverage industry was valued at USD 139.5 million in 2016.
https://www.gminsights.com/industry-analysis/peracetic-acid-market
- Chitosan Market Size 2016 – 2024
Chitosan Market size was valued over USD 1.52 billion in 2015 and is forecast to experience gains exceeding 16% CAGR between 2016 and 2024. The lack of fresh water accompanied with growing urban population and industrialization have resulted in acute scarcity of usable water, resulting in massive investments by governments and private players in water treatment across the globe, particularly in high and middle income countries.
https://www.gminsights.com/industry-analysis/chitosan-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Connect with us: Facebook | Google+ | LinkedIn | Twitter