Global Humate Market, By Type (Powder, Flake, Spherical), Application (Pharmaceutical, Agriculture Use Fertilizer, Feed Additive, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Humate market will grow at a rate of 11.21% for the forecast period of 2021 to 2028. Rise in the demand for sustainable agriculture acts as a vital factor driving the growth of humate market.
Potassium humate is defined as the potassium salt of humic acid. It is manufactured commercially by alkaline extraction of brown coal (lignite) Leonardite which is to be used mainly as a soil conditioner. The extraction is performed in water with the addition of potassium hydroxide (KOH), sequestering agents and hydrotropic surfactants and heat is used to increase the solubility of humic acids and hence more potassium humate can be extracted.
Rise in the awareness about the negative impact of chemical fertilizers is the vital factor escalating the market growth, also rise in the development in organic food industry, increase in the concerns regarding the environmental hazards and soil contamination and increase in the application as a chelation and pollution detoxifying agent are the major factors among others driving the humate market. Moreover, rise in the technological advancements in the biostimulant production and strong innovative product portfolio for broad-acre crops extend profitable, will further create new opportunities for the humate market in the forecast period of 2021- 2028.
However, low market penetration in emerging economies and inconsistent quality of end-products are the major factor among others acting as a restraint, and will further challenge the growth of humate market in the forecast period mentioned above.
This humate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on humate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Humate Market Scope and Market Size
Humate market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the humate market is segmented into powder, flake and spherical.
- The humate market is also segmented on the basis of application into pharmaceutical, agriculture use fertilizer, feed additive and others.
Humate Market Country Level Analysis
Humate market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the humate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the humate market due to rise in the development in organic food industry, increase in the concerns regarding the environmental hazards and soil contamination and increase in the application as a chelation and pollution detoxifying agent in this region. Europe and North America are the humate market due to rise in the development in organic food industry and increase in the concerns regarding the environmental hazards and soil contamination in this region.
The country section of the humate market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Humate Market Share Analysis
Humate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to humate market.
The major players covered in the humate market report are Koppert Biological Systems, Valagro, Biolchim SPA, FMC Corporation, Haifa Group, UPL, Bayer AG, Sikko Industries Ltd., Novihum Technologies GmbH, Humintech. A, Borregaard, QINGDAO FUTURE GROUP CO., LTD, Promisol, BioLine Corporation, Humic Growth Solutions Inc., ACTAGRO, Rovensa, TAGROW CO., LTD., Cifo Srl and Loveland Products, Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.