The following companies as the key players in the global humic acid market: Biolchim, Humic Growth Solutions, Humintech, Jiloca Industrial, and Omnia Holdings.

 

Other Prominent Vendors in the market are: ARIHANT BIO FERTICHEM, Black Earth Humic, Faust Bio-Agricultural Services, HCM AGRO PRODUCTS, Horizon Ag-Products, Minerals Technologies, National Pesticides & Chemicals, Nature's Lawn & Garden, Nutri-Tech Solutions, Saint Humic Acid, Shandong Chuangxin Humic Acid Technology, Sikko Industries, The Andersons, Wilbur-Ellis Holdings, and WinField Solutions.

 

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Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for green fertilizers. The growth in the agriculture industry to meet the demand for food production for the growing population is expected to propel the market growth for humic acid. Increasing awareness about harmful effects of synthetic fertilizers, inorganic chemical compounds, and artificial compounds in developed countries is likely to increase the demand for organic compounds like humic acid and fulvic acid.”

 

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According to the report, one driver in the market is growing demand for organic food. The increasing awareness about healthy food consumption and its impact on metabolic, physical, chemical, and biological activities have accelerated the growth of the global humic acid market. Growing concerns about organic food and healthy lifestyle have reduced the use of synthetic fertilizers to a large extent. Through the process of foliar application and soil treatment, the porous nature of the soil is enhanced to trap the nutrients and increase the holding capacity of beneficial nutrients.

 

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Further, the report states that one challenge in the market is inconsistency in quality. The quality of humic acid depends upon the composition percentage of nitrogen, hydrogen, potassium, sulfur, and other nutrients. The molecular weight plays a prominent role in delivering the results. The quality depends on the concentration and the form in which it is used. For agriculture purpose, a liquid-based water-soluble form of humic acid gives the best result. The form varies with the type of soil and the cycle of plant stage. In general, the quality of humic acid is high when organically derived from humate matter through the process of wet-chemistry.

 

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

 

About Alcoholic Drinks

 

Alcohol beverages can be classified into five product categories: beer, wine, spirits, cider, and ready-to-drink (RTD) pre-mixes. RTD pre-mixes have the least percent of alcohol, in terms of volume, than all other alcoholic drinks. In terms of volume, the consumption of beer is the highest among all other alcoholic drinks. Beer is prepared using a mixture of barley and wheat, and sprouted and roasted into malt. After this, it is cooked, fermented, and finally, flavored with hops.

 

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