According to the report titled ‘Asia Pacific Humic Acid Market Forecast 2027 By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, Asia Pacific humic acid market is anticipated to register notable gains during 2021-2027.
 

Preference for environment friendly farming techniques, along with growing focus towards health & wellness in the wake of COVID-19 pandemic are boosting the progress of Asia Pacific humic acid market.
 

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With population expansion, the food industry is developing rapidly, leading to the use of chemical fertilizers to enhance crop productivity. The farmers are moving away from traditional fertilizers and opting for these solutions, which in turn can have negative environmental impact. But as humic acid acts as organic soil conditioner, without having any adverse effects, its consumption across modern farms is likely to ramp up in the ensuing years.
 

Also, government initiatives aimed at agricultural development, and evolution in organic food sector due to several nutritional and environmental benefits are aiding expansion of the overall market size.
 

For the unversed, humic acid is organic compound produced by the decomposition of plant or animal matter.
 

By application, Asia Pacific humic acid market is bifurcated into agriculture, horticulture, ecological bioremediation, dietary supplements, and others. The agriculture segment is expected to exhibit 13% CAGR through 2027, owing to ability of the product to enhance crop productivity by adding nutritional value to the soil, thus improving its fertility in the long term.
 

Parallelly, the dietary supplements application segment is also likely to record 13% CAGR over 2021-2027, due to presence of a number of nutrients which offers various health benefits like better digestion, enhanced immune system, skin protection, and many more. Strong demand for nutritious food with increasing health awareness is contributing to incorporation for humic acid for dietary supplement application.
 

Speaking of geographical landscape, the market is India and China is anticipated to amass notable gains during 2021-2027, attributable to huge population base in these countries.
 

Major players operating in Asia Pacific humic acid market are Arihant Chemical Industries, Agro Bio Chemicals, Humate (Tianjin) International Limited, Taiyuan Mapon Humic Acid Development Co., Ltd., Double Dragons Humic Acid Co., Ltd., China Green Agriculture, Inc., PI Industries Ltd., Manidharma Biotech Pvt. Ltd., and Changsha Xian Shan Yuan Agriculture & Technology Co., Ltd.