Humic Acid Calcium Market - Forecast(2023 - 2028)

Humic Acid Calcium Market Overview

Humic Acid Calcium Market size is forecast to reach US$1,040.1 million by 2027, after growing at a CAGR of 11.4% during 2022-to 2027. Humic acid buffers soil pH to 5.5 to 7.5 levels which is ideal for plant development and nutrients absorption. Thus, acting as a natural chelator, they help plant roots to absorb nutrients more efficiently to create long-term positive effects on soil quality and productivity. Like fulvic acid, humic acid contains a wide variety of minerals, including trace minerals. They are similar in molecular structure but unique in their benefits and chemical makeup. Humic acids regulate not only acidic but also alkaline soils. Under alkaline conditions, they act as natural chelators for metal ions and promote their uptake. The rise in the use of humic acid in the agriculture sector and dietary supplements are the major drivers for market growth. Due to the development in the agriculture sector, APAC dominates the market in 2021. In India, the constant investments coupled with other growth-promoting schemes have helped agriculture to achieve an improved growth of 3.9 percent in 2021-22.

Covid-19 Impact

Covid-19 brought the world economy to its knees, with Humic Acid Calcium Market not being an exception. During the covid19 pandemic, the agriculture sector went through a plight as the lockdown coincided with the period when farm activity was at its peak. This resulted in the limitation of transport facilities, laborers, and the absence of machine fixes mechanics. The impact on the agriculture sector directly affects the growth of the Humic Acid Calcium Market. Although the sector was poised for quick recovery and witnessed growth in production and as well as exports.

Report Coverage 

The report: “Humic Acid Calcium Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Humic Acid Calcium Industry.

Key Takeaways

Figure: Asia Pacific Humic Acid Calcium Market Revenue, 2021-2027 (US$ Million)

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Humic Acid Calcium Market Segment Analysis - By Raw Material

The humic acids segments accounted for approximately 22% of the market share in 2021 and are estimated to grow at a 10.8% CAGR during the forecast period. Humic Acids are large carbon-based molecules that also contain oxygen, nitrogen, hydrogen, and phosphorus. Humic acids work best in the soil where they unlock nutrients and bind to them, making them available for uptake to plants. Humic Acid holds calcium and other micronutrients in forms that are easy for plants to uptake. Thus, humic acid is an important material in the agriculture sector and thus the improvement in the sector leads to a rise in demand for Humic Acid Calcium Market, for instance, in 2021 U.S. International Development Finance Corporation (DFC) invested US$1 billion in food security and agriculture projects over five years, joining planned commitments from the U.S. Agency for international development underfeed the future, the U.S. Government’s global hunger, and food security initiative.

Humic Acid Calcium Market Segment Analysis - By End-Use Industry

The agriculture segment accounted for approximately 34% of the market share in 2021 and is estimated to grow at a 12.5% CAGR during the forecast period. Humic substances are the naturally occurring biogenic, heterogeneous organic compounds resulting from the decomposition of plant, animal, and microbial residues, over many thousands of years. Owing to their potential to remove toxic pollutants from the soil as well as aquatic systems might resolve the problem of degrading the environment. Positive effects of humic substances on the soil as well as crop without harming the environment make humic acid a sustainable solution for crop production and widely used in the agriculture sector. Thus, the increased development in the agriculture sector escalates the growth of the Humic Acid Calcium Market. For instance, in 2021 US Department of Agriculture invested a comprehensive set of investments of about US$3 million to address challenges facing America’s agricultural producers.

Humic Acid Calcium Market Segment Analysis - By Geography

Asia-Pacific had accounted for the largest share of 46% in 2021, analyzed to grow with a CAGR of 12.8% for the Humic Acid Calcium Market during the forecast period 2022-2027, followed by North America and Europe. APAC holds the dominance in the market particularly due to emerging economies like China and India. Land constraints and growing population and urbanization throughout Asia underscore the need for environmentally sound technologies to sustain agricultural growth. This also encourages the application of the Humic Acid Calcium Market. Moreover, increasing farm expenditure has led to the increased market growth of Humic Acid Calcium Market in this region. According to Food and Agriculture Organization (FAO), the Asia Pacific region contains 1836 million2 people of which 62 % are directly involved in agriculture. It has made great strides in reducing poverty and hunger over the past four decades. Strong agricultural growth based on improved seeds and growth in yields (the Green Revolution) played a vital role in this process by raising rural incomes and increasing food availability, which kept food prices low. The humic acid calcium plays a vital role in all such development and so the demand went high in this region.

Humic Acid Calcium Market Drivers

Increase use of Humic Acids with Fertilizers in Agriculture Sector

Humic acids make nutrients more available in soil that might not otherwise be available. This is why they make such an excellent soil amendment, and it’s why they pair so wonderfully with fertilizers. Without humic acids present, some of the nutrients provided by fertilizers become inaccessible to plants, so money is lost and plant health suffers. In the presence of humic acids, these nutrients like magnesium, calcium, iron, and other trace minerals unlock from the soil and bind to humic acids. Then they can then be transferred next to the root system of the plant. Thus, humic acids are vital for both the health of plants and for growers’ economic well-being due to which the rise in demand for humic acid calcium in the agriculture sector is rising. And the development of the sector leads to a positive impact on the overall market, for instance, according to International Trade Administration (ITA), Uruguay’s 2021 agriculture-related investment projects increased by US$140 million. Additionally, the Agriculture Machinery Investment Index increased 54% over the same period and reached its highest level in seven years. 

Effects of Soil Application of Humic Acid

 Humic acid calcium application significantly increased dry weight and this increase diminished with increasing humic acid doses compared with control. The highest mean of dry weights of 3.57 and 3.72g are generally obtained with doses of 1.0 and 2.0g kg-1 treatments. The plant growth can be improved through the structural improvement of sandy clay soil allowing for a better root growth development. Recent literature has shown that humic acid calcium could be used as a growth regulator to regulate hormone levels, improve plant growth and enhance stress tolerance which positively affected plant growth under saline soil conditions, but higher doses might inhibit plant growth. The application of doses of humic acid calcium generally had positive effects and increased significantly, N and P nutrients uptake of the plants. Such a positive response reflects the overall market growth of humic acid.

Humic Acid Calcium Market Challenges

Side Effects of humic acid supplements

One of the major challenges which hamper growth is humic acid supplements contain active ingredients that can have strong effects on the body. Most likely the side effects from dietary supplements take place when consume at high doses or instead of prescribed medicines, or if taken many different supplements. Some of these supplements can increase the risk of bleeding or, if taken before surgery, can change your response to anesthesia. They can also interact with some medicines in ways that might cause problems. Like antioxidant supplements, such as vitamins C and E, might reduce the effectiveness of some types of cancer chemotherapy. Thus, the side effect of humic acid might hamper the market growth of the Humic Acid Calcium Market

Humic Acid Calcium Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Humic Acid Calcium Market. Humic Acid Calcium Market top 10 companies include:

1.  NTS
2. Humintech
3. Humic Growth Solutions
4. Creative Ideas Inc.
5. Omnia Specialities Australia
6. Canadian Humalite International
7. Grow More
8. Humatech
9. The Catalyst Product Group
10. Xinjiang Double Dragons
11. Shandong Chuangxin

Recent Developments

• In 2021, A pilot line for the production of humic acids, with an annual capacity of 2,500 tonnes of Tohumus launched at Grupa Azoty S.A.’s new Implementation Centre in Tarnów. The new line was developed through research work carried out at the Grupa Azoty Research and Development Centre in Tarnów.
• In 2021, Denka Company Limited launched RECOLTE nationwide through the National Federation of Agricultural Cooperative Associations (ZEN-NOH). RECOLTE is a humic acid liquid compound fertilizer. It contains active fulvic acid created through a proprietary manufacturing process and helps revitalize crops and increase crop yields.
• In 2019, Humintech GmbH launched a new formulation of Humic Acid granulate. This product has more advantages in comparison to old form Perlhumus products is dusty free and has a homogeny size of granulate (2-8mm) with stable contain. It is easy to distribute and it could be used in fertilizer sprayer machine

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