Humic Acid Manufacturing Industry. Production of Humic Acid
Humic acid is any of a variety of organic acids obtained from organic constituents of soil (humus), coal, and peat. It is also a key component of ocean water, dystrophic lakes, and upland streams. The process by which these acids are formed from humus is not well understood, but it is thought to be formed through the biodegradation of dead organic matter.
Humic acid is frequently used as a soil amendment to enhance crop productivity.
Humic Acids can be applied as:
1. Seed Treatment
2. Root Dip.
3. Seedling Dip.
4. Foliar Spray.
5. Soil Application.
6. Through Drip Irrigation.
7. Application in Mushroom Bags.
8. Tank mix with Herbicides.
9. Tank mix with Insecticides.
10. Along with inorganic fertilizers.
Benefits of Humic Acid
Throughout history, farmers have used humic acid to generate healthier plants and a higher crop yield. Today, humic acids are even more essential than ever, for the reasons mentioned above. Here are just a few of the many benefits of humic acid.
• Increases nutrient uptake
• Increases water-holding capacity in soil
• Improves the overall soil structure.
• Stimulates microbial activity
• Regulates the pH-value of soils.
• Chelates toxins from the soil.
• Helps to eliminate iron chlorosis by increasing iron uptake
• Improves overall plant health, helping plants better resist predators and disease
• Stimulates root growth, which increases crop volume
• Increases germination
The global humic acid market is on track to grow to reach a market value of USD 973.06 Mn by the end of 2023. Humic acid is derived from humic matter which is the result of chemical and biological humification of plant and animal matter in tandem with microorganism activities. Humic acid is rich in essential nutrients, vitamins, and trace minerals which is immensely beneficial for the soil and can also be used in dietary supplements. Market Research Future's report has studied the entirety of the market in its global humic acid market report. In 2017, the market was valued at USD 484.77 Mn and is estimated to grow at a healthy CAGR of 12.42% during the review period from 2018 to 2023.
The global humic acid market is driven notably by the rising demand for humic acid by farmers and agriculturists as a remarkable soil amendment. There is growing use of this natural acidic organic polymer in increasing nutrient uptake in plant, decreasing toxin in the soil, and in improving soil structure of various types. The rising adoption of organic foods of farming, in light of growing popularity of organic food across the globe, is a key factor boosting the humic acid market. The rising use of humic acid in horticulture, ecological bioremediation, and dietary supplements applications is a notable factor propelling the humic acid market growth.
The humic acid market is also catalyzed by the rising investments in adopting sustainable ways of farming in agriculture and horticulture. In particular, there is a promising demand for humic acids in agriculture for soil and foliar applications is on account of their functional benefits in reducing the use of fertilizers and pesticides. In addition, humic acids are also gaining traction among farmers to increase their yield.
Humic acid can be categorized on the basis of application into free radical scavenger & anti-oxidant, organic electrolyte, pollution detoxifier and nutrients. Antioxidant application segment is expected to witness rapid growth owing to lower molecular weight and the ability to promote oxidation-reduction reaction in transition metals. Increasing application as a chelation and pollution detoxifying agent is predicted to augment global market demand over the forecast period. Humic acid also catalyzes toxic pollutants’ breakdown in order to decompose silica to release important mineral nutrients which may promote product demand in global market. However, during chlorination process, humic acid present in treated drinking water can react with chemicals to produce fumigates such as dihaloacetonitriles. This factor may restrain market growth over the forecast period owing to toxicity of dihaloacetonitriles.
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.
Humic acid market is directly dependent on the growing popularity of organic farming industry and increasing usage of organic minerals in horticulture and ecological remediation. Adverse environmental and health effects of chemical fertilizers induce the product demand. Industry participants are concentrated in the developed countries to meet the continuously increasing local demand. Rising trend towards sustainable and organic cultivation in the developing regions has led to establishment of several medium and large scale companies in countries such as China and India.
By the end of 2030, global food demand will rise by 35% and majority of this demand must be met by increasing crop yield. Increasing product usage to provide adequate nutritional value to the agricultural land in order to promote sustainable farming will propel the global humic acid market in coming years. The product tends to improve the soil texture and water retention properties and promotes bio-activity of the soil to make it more fertile and productive. The shift of focus of agriculturists around the globe towards improving the soil productivity to mitigate crop losses and enhance agricultural outputs will positively influence the humic acid market demand.
Additionally, surging demand for humic substances from agriculture and animal feed industries, backed by increasing awareness about the harmful effects of synthetic fertilizers, inorganic chemical compounds and artificial compounds is fueling the humic acid market, globally. Moreover, huge demand for humic acid from turf applications in construction industry and water purification sector is anticipated to positively influence the global humic acid market during the forecast period.
Geographically, the European market accounted for the largest share in the global humic acid market in 2014. However, Asia-Pacific is a highly attractive market and presents a huge growth opportunity for the market players, owing to the increasing demand for food crops, amidst rapid industrialization in the major economies of the region, especially China, India, and South Korea. Along with the focus on increasing food production, the end users are also focusing on increasing the production efficiency, by not only increasing the yield but also preventing crops from diseases. This is a major reason for the shifting attention of the bio stimulants manufacturers towards this region. The local and regional players are also ramping up production capacities, in order to gain from the rapidly increasing demand from agricultural sectors. Such developments in turn will have a significant effect on the Asia-Pacific market.
Also, huge population growth, and growing nutritional demand are likely to contribute greatly to the market growth. Moreover, rise in the product usage to offer sufficient nutritional value to the agricultural land for the promotion of the sustainable farming might affect the market growth positively. However, variation in the product quality might impede the market growth in the near future.
The key companies operating in the global Humic acid market include Canadian Humalite International Inc., China Green Agriculture Inc., Double Dragons Humic Acid Co. Ltd. Xinjiang, Grow More Inc., Humic Growth Solutions Inc., HUMINTECH GmbH, Nutri-Tech Solutions Pty Ltd., ODUS(UK) Ltd., Omnia Specialities Australia, and Vellsam Materias Bioactivas S.L.
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