Humic acid market is projected to grow at a CAGR of over 12% by 2023
Humic acid market is projected to grow at a CAGR of over 12% by 2023, owing to increasing demand for bio-stimulants, growing health consciousness among consumers and rising environment safety concerns. 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. Major players Humic Growth Solutions, Inc. Jiangxi Pingxiang AnHua Biotechnology Co., Ltd. Shandong Chuangxin Humic Acid Technology Co., Ltd. Canadian Humalite International Inc. Valagro SpA Double Dragons Humic Acid Co. Ltd. Xinjiang Inc. Nutri-Tech Solutions Pty Ltd. Saint Humic Acid...