DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Humic Acid Market Size, Share, Development, Growth and Demand Forecast to 2020 - Industry Insights by Application (Foliar, Soil, Seed), Crop Type (Row Crop, Fruits and Vegetables, Turf and Ornamentals, Others)" report to their offering.
The global market was valued at $325.6 million in 2014, and it is expected to reach $674.2 million by 2020, growing with a CAGR of 12.9% during 2015 to 2020.
There is a growing demand for Humic acid in row crops, fruits and vegetables, and turfs and ornamentals, among several other crop types. The growth management of the plants has become a necessity with the growing focus on efficiency and enhancing the productivity.
Humic acid is being used in a variety of concentrations and physical forms for the usage in these applications, either directly by spraying or by adding it to soil. These substances are increasingly being used in Europe and North America, owing to their advanced properties, superior performance, and their ability to provide superior nutrients to plants.
The growing population, scarcity of food, and degrading soil quality are the important factors driving the need for improved and efficient agricultural techniques. The agricultural science aims at increasing crop yield and quality. The use of Humic acid in agriculture areas have resulted in stimulated plant growth, consequently enhancing mechanisms involved, such as photosynthesis, enzyme activities, protein synthesis, cell respiration, water and nutrient uptake. This has resulted in high crop yield with enhanced quality of crops, thus leading to better productivity.
With the increasing population and corresponding focus on increasing the volume of crops produced, the importance of enhancing the productivity along with quality has become even more indispensable. These factors are anticipated to increase the demand of Humic acid from agriculture industry in the coming years.
Key Topics Covered:
1. Research Scope & Methodology
2. Executive Summary
3. Market Outlook
4. Global Humic Acid Market Size and Forecast (2011 - 2020)
5. Global Humic Acid Market Breakdown by Geography
6. Competitive Analysis
7. Company Profiles and Strategic Developments
Companies Profiled:
- Canadian Humalite International Inc.
- China Green Agriculture Inc.
- Double Dragons Humic Acid Co.Ltd. Xinjiang
- Grow More Inc.
- HUMINTECH GmbH
- Humic Growth Solutions, Inc.
- Nutri-Tech Solutions Pty Ltd.
- ODUS (UK) Ltd.
- Omnia Specialities Australia
- Vellsam Materias Bioactivas S.L.
For more information visit http://www.researchandmarkets.com/research/j5j729/global_humic_acid
