Humic Acid Market by manufacturers, regions, type and application, forecastPosted by rohit on December 2nd, 2021 Market Overview Humic acid is an ingredient obtained from the biodegradation of organic substances such as soil/ humus, peat, and coal. It is a complex mixture of various acids from phenolate and carboxyl groups that can be widely used to provide required nourishment to crops/ plants as well as human beings. Thus, humic acid is widely being used for a variety of applications in the agricultural and pharmaceutical sectors. Request Copy Of This Business Report:https://www.coherentmarketinsights.com/market-insight/humic-acid-market-4504 Market Dynamics There has been a shifting inclination of individuals over usage of natural or organic pesticides in farming. As humic acid is naturally formed by biochemical and molecular mechanisms of waste materials and is non-toxic, its usage in organic farming and horticulture is gaining traction across the globe. Moreover, humic acid contains essential phytochemicals such as fatty acids and hormones and thus assists in cancer treatment. The humic acid assists in the maintaining electrochemical balance of vital body cells and its humic-fulvic acid assists in improving brain function among individuals. Thus, humic acid is also being adopted in the production of pharmaceutical drugs. Though, an increasing number of substitutes to humic acid such as other carbonates, owing to the difference in the pH levels is expected to hinder demand for humic acids to some extent. Moreover, the chance of fumigates production, while reacting with chlorine in the water is further expected to obstruct the market growth for humic acid in the upcoming years. Detailed Segmentation:
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