Global Humic Acid Water Soluble Fertilizers Market Size to worth USD 11.66 Billion by 2033: Market Statistics Report

Global Humic Acid Water Soluble Fertilizers Market Size to worth USD 11.66 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Humic Acid Water Soluble Fertilizers Market Size is Expected to Grow from USD 8.71 Billion in 2023 to USD 11.66 Billion by 2033, at a CAGR of 2.96% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Humic Acid Water Soluble Fertilizers Market Size, Share, and COVID-19 Impact Analysis, By Type (Liquid Fertilizers and Solid Fertilizers), By Application (Crops, Vegetables, Fruits, Turf, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.         

Humic acid water soluble fertilizers are natural organic compounds that dissolve in water, making nutrients readily available for plant uptake, derived from the decomposition of plant and animal materials. Fertilizer containing humic acid improves soil structure, control pH, and shield control crops from toxic chemicals. Humic acid enhances soil life and oxygen levels, promotes seed germination, root initiation, and seedling growth, and maintains IAA activity by preventing rooting hormone oxidation, despite lacking them. In the agriculture industry, the use of humic acid water-soluble fertilizers which are derived from decomposing organic materials like dead plants and leaves is emerging as a sustainable substitute because of worries about the effects of synthetic chemicals on the environment. This kind of fertilizer improves plant development and promotes nutrient absorption that conventional fertilizers do not supply. The global market for humic acid water-soluble fertilizers is therefore anticipated to see substantial growth prospects. However, humic acid water-soluble fertilizers, despite their sustainable benefits, face limited market demand due to limited awareness, preference for artificial fertilizers in developing economies, and rising organic penetration.

The liquid fertilizer segment is predicted to hold the highest market share through the forecast period.

Based on the type, the humic acid water soluble fertilizers market is classified into liquid fertilizers and solid fertilizers. Among these, the liquid fertilizer segment is predicted to hold the highest market share through the forecast period. The soil may be penetrated and distributed more evenly by liquid fertilizers, giving your fields a consistent, even layer. Since the liquid of these fertilizers reaches the soil immediately, plants may absorb nutrients more quickly. According to the chemicals they provide, liquid fertilizers are better at controlling the soil's pH.

The crops segment is anticipated to hold the largest market share during the projected timeframe.    

Based on the application, the humic acid water soluble fertilizers market is divided into crops, vegetables, fruits, turf, and others. Among these, the crops segment is anticipated to hold the largest market share during the projected timeframe. Humic acid balances the pH of the soil, bringing it within the ideal range of 5.5 to 7.5 for nutrient uptake and plant growth. They help crop roots absorb nutrients more efficiently because they act as natural chelators, which eventually improves soil quality and yield.

North America is estimated to hold the largest share of the humic acid water soluble fertilizers market over the forecast period.

North America is estimated to hold the largest share of the humic acid water soluble fertilizers market over the forecast period. The North American market for humic acid water soluble fertilizers is expanding due to improved soil health and sustainable farming methods. The US, with its large agricultural industry and advanced farming methods, is expected to hold a significant portion of North America's moderate global market share.

Asia Pacific is predicted to have the fastest CAGR growth in the humic acid water soluble fertilizers market over the forecast period. The Asia-Pacific market for humic acid water-soluble fertilizers is growing due to the region's large agricultural base and increasing demand for high-efficiency fertilizers. China, India, and Japan are key players in this growth, driven by government efforts to modernize agriculture and reduce environmental impact. India's agricultural operations are also boosting fertilizer use, while Japan's market is characterized by sophisticated farming methods and sustainable solutions.

Competitive Analysis

Major key players in the humic acid water soluble fertilizers market include Haifa Chemicals, Yara, The Andersons, Arab Potash Company, HUMINTECH GmbH, TAGROW, UralChem, Omex, ICL Fertilizers, SQM, and Others.   

Recent Development

• In October 2023, the company that provides CleanTech solutions for the aircraft, Progressive Planet Solutions Inc., unveiled a brand-new, all-natural soil conditioner that can be sprayed on up to 1,355 acres this autumn. The newest patented product under the CARBON™ brand of natural soil conditioners and fertilizers is called CARBO Ca. CARBON Ca is a proprietary blend of organic materials that adds fulvic acid, humic acid, calcium, and carbon (humin) to soil.

• In February 2023, MicroMark DG is a new line of granular micronutrient fertilizer from The Andersons Inc. The first release contains MicroMark DG Blitz, which is a blend of calcium, boron, manganese, and zinc, as well as MicroMark DG Humic, which is a blend of calcium, sulfur, manganese, zinc, and humic acid.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the humic acid water soluble fertilizers market based on the below-mentioned segments:

Global Humic Acid Water Soluble Fertilizers Market, By Type

• Liquid Fertilizers
• Solid Fertilizers

Global Humic Acid Water Soluble Fertilizers Market, By Application

• Crops
• Vegetables
• Fruits
• Turf
• Others

Global Humic Acid Water Soluble Fertilizers Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa