The global Fulvic Acid Market size was USD 707.5 million in 2020 and is expected to register a steady revenue CAGR of 5.9% during the forecast period. Market revenue growth is significantly driven by factors including rising global population, growing demand for nutritious food, increasing agricultural activities worldwide, and rapid shift from conventional fertilizers and pesticides to natural or organic ones. Stringent government regulations against the use of chemical fertilizers owing to their toxic health and environmental impacts have led to increased use of humic acid in farming. Hence, this is another major factor driving market growth.

Humic acid is an organic compound that is naturally present in soils, peats, coal, oceans, and upland streams. It is an excellent source of essential nutrients, minerals, vitamins, and trace elements, and it aids in conditioning of the soil by acting as a bio-stimulant and bio-catalyst. One of the major sources of humic acid is leonardite, which is an oxidation product of lignite (brown coal) and is a soft, waxy, black vitreous mineraloid highly soluble in alkaline solutions. Leonardite is used as a fertilizer additive as it improves soil fertility and enhances plant growth by helping in nutrient absorption.

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Top Players in the Global Fulvic Acid Market:

Nutri-Tech Solutions, Humintech GmbH, Humic Growth Solutions, Omnia Specialities, Canadian Humalite International, Grow More, AMCOl International, Jiloca International S.A., Wilbur-Ellis Company, Nature's Lawn Garden, Saint Humic Acid, Faust Bio-Agricultural Services, Black Earth, Sikko Industries, Grow More, and WinField Solutions.

The humates present in leonardite aid in soil amendment by improving its texture, pH stability, and moisture holding capacity. Humic acid prevents soil erosion and nitrogen leaching, and helps strengthen the immune system in plants, as well as human beings.

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Market segmentation based on Product type Outlook:

• Granular Humic Acid
• Powdered Humic Acid
• Liquid Humic Acid

Application Outlook:

• Agriculture
• Horticulture
• Pharmaceutical (Dietary Supplements)
• Animal Feed
• Ecological Bioremediation
• Industrial
• Others

Regional Outlook:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • Italy
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of MEA

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Frequently Asked Questions Answered in the Report:

• What is the estimated revenue growth rate of the global Fulvic Acid Market over the forecast period?
• What are the major factors driving the global market revenue growth?
• Which are the leading manufacturers and suppliers in the global Fulvic Acid Market?
• Which regional market is expected to lead in terms of revenue share in the global Fulvic Acid Market over the forecast years?
• What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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