The Humic Acid Market size is estimated at USD 0.79 billion in 2024, and is expected to reach USD 1.38 billion by 2029, growing at a CAGR of 11.61% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020. However, the COVID-19 outbreak has led to the blooming of home gardening, along with growing food insecurity across various regions of the world. Presently the market has now reached pre-pandemic levels.
The global humic market is partially consolidated in nature. Some of the key players in the market (not in any particular order) include Humic Growth Solutions Inc., Zhengzhou Shengda Khumic Biotechnology Co. Ltd, Humintech, Cifo Srl, and Mineral Technologies Inc.
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