APAC Humic Acid Market size is predicted to cross USD 195 million by 2027, according to a latest forecast report by Graphical Research. The rising awareness surrounding negative impacts of chemical fertilizers is considered a contributory factor in propelling the market growth.
Humic acid is a compound, which occurs during the decay of plant or animal substance. The propelling food demand over the past few years owing to growing population has led to increasing agricultural practices that utilize chemical fertilizers to enhance the crop yield. However, the prolonged use of chemical-based fertilizers will have a negative impact on the soil and environment including growing acidic content, disruption of the natural cycle, degradation of soil structure, etc., and henceforth rising awareness toward negative impacts of chemical fertilizers is needed to preserve the soil fertility of the land for the future generations. Thus, farmers are encouraged to adopt organic fertilizers, such as humic acid, to improve their crop productivity by subsequently complying with environment regulations as they do not have any hazardous impacts on soil, land, humans, or environment in the shorter or longer run.
The expanding government intervention and changing market trends in the farming sector in the past are propelling the organic food sector owing to better nutrient value by subsequently complying with ecological concerns, which help in conserving biodiversity. Organic food usually employs the use of organic fertilizers as they are non-toxic and have no hazardous impacts on human life and environment. Organic food demand has propelled in the past few years owing to increasing health awareness among consumers and henceforth agricultural commissions in China, India, and many other countries have initiated strict guidelines for producers to market organic food, providing Asia Pacific humic acid market with opportunistic scenario.
Browse detailed statistical insights from the report, “Asia Pacific Humic Acid Market Forecast 2027 By Application (Agriculture, Ecological Bioremediation, Horticulture, Dietary Supplements), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The ongoing worldwide COVID-19 pandemic has caused ripple effects across the humic acid supply chain. Socioeconomic effects of the pandemic have been devastating for the people living in low to high income Asian countries. Supply chains can be bifurcated into two major segments: supply side and demand side. COVID-19 has severely shrunken the economic output and consumption in top Asian nations. Product manufacturers faced a major downturn during the initial phase of the pandemic. The demand dropped from end-consumers coupled with the supply chain disruption created further difficulties for industry participants.
Dietary sector will witness around 13% CAGR in Asia Pacific humic acid market size with growing demand for nutrient-rich food consumption among the populace. Securing food production to feed the rising world population with conservation of natural resources for future generations has been one of the utmost challenges for agricultural science. Rising population will result in an increased demand for nutritional intake. Humic acid contains phytochemicals, biochemicals, antioxidants, enzymes, electrolytes, and amino acids.
The dietary supplements present a substantial scope for humic acid applications. Humic acid has been extensively used as a dietary supplement as it comprises various nutrients including fatty acids, trace minerals, electrolytes, silica, probiotics, and prebiotics. The availability of several nutrients provides various health benefits including improved immune system, better nutrient absorption, improved digestion, repairing and protecting skin, etc., that will subsequently boost the market share.
The APAC humic acid market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Application
- Ecological bioremediation
- Dietary supplements
- Other application
The above information has been provided for the following countries:
- Asia Pacific