Humic Acid Market Growth at 10.5% CAGR Until 2034

Overview

New York, NY – July 04, 2025 – The Global Humic Acid Market is experiencing robust demand, driven by increasing awareness of sustainable farming and soil health. The market is projected to grow from USD 563.8  million in 2024 to USD  1,530.2  million by 2034, reflecting a solid CAGR of 10.5 %.

In 2024, The Powdered Form dominated the global humic acid market, securing over 50.4% of the market share. Its popularity among farmers and distributors stems from its extended shelf life and ease of blending with soil and fertilizers.

Technical Grade humic acid commanded a 63.3% share of the global market in 2024, driven by its high purity, excellent chelating properties, and ability to enhance soil structure and nutrient absorption. Agriculture accounted for over 68.1% of the global humic acid market in 2024, driven by its role in enhancing soil fertility, nutrient uptake, and plant health.

Key Takeaways

• Humic Acid Market size is expected to be worth around USD 1530.2 Million by 2034, from USD 563.8 Million in 2024, growing at a CAGR of 10.5%.
• Powdered held a dominant market position, capturing more than a 50.4% share of the global humic acid market.
• Technical Grade held a dominant market position, capturing more than a 63.3% share of the global humic acid market.
• Agriculture held a dominant market position, capturing more than a 68.1% share of the global humic acid market.
• Europe held a commanding 42.2% regional share, equating to an approximate value of USD 240 million.

How Growth is Impacting the Economy

The Humic Acid Market’s robust growth significantly impacts the global economy. Its role in sustainable agriculture boosts crop yields, particularly in high-growth regions like Sub-Saharan Africa and South Asia. This reduces reliance on chemical fertilizers, lowering environmental costs and supporting eco-friendly farming practices.

In Europe, the market’s 42.2% share drives job creation in organic farming and related industries. In Asia-Pacific, rapid adoption in countries like India and China fuels agricultural productivity, enhancing rural economies. However, supply chain disruptions and raw material price volatility, exacerbated by global crises, challenge consistent growth, requiring strategic investments in production and distribution.

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Strategies for Businesses

Businesses in the humic acid market should focus on innovation, developing tailored formulations like liquid and granular derivatives for specific crops to enhance efficacy. Expanding into high-growth regions like Asia-Pacific and leveraging government incentives in countries like India can capture emerging demand.

Strengthening supply chains through local sourcing and strategic partnerships mitigates raw material price fluctuations. Investing in R&D for cost-effective extraction methods and diversifying applications into pharmaceuticals and ecological remediation can broaden revenue streams. Additionally, leveraging digital tools for precision agriculture and e-commerce platforms can enhance market reach and traceability, aligning with consumer demand for sustainable, organic products.

Report Scope

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Key Market Segments

By Form

• In 2024, The Powdered Form dominated the global humic acid market, securing over 50.4% of the market share. Its popularity among farmers and distributors stems from its extended shelf life, ease of blending with soil and fertilizers, and suitability for both organic and conventional farming. Powdered humic acid excels in boosting nutrient uptake, particularly in dryland farming, and is easy to transport and store without specific requirements.
• Its widespread availability in key agricultural markets like India and China reinforces its dominance. Despite growing interest in liquid and granular forms for niche applications, powdered humic acid led in both value and volume in 2024 and is projected to maintain its dominance in 2025, driven by its extensive use in cereals, pulses, and horticultural crops.

By Grade

• Technical Grade humic acid commanded a 63.3% share of the global market in 2024, driven by its high purity, excellent chelating properties, and ability to enhance soil structure and nutrient absorption. Widely adopted in commercial farming, it is ideal for large-scale applications via drip irrigation or foliar sprays and integrates well with other fertilizers, supporting efficient nutrient management.
• Its high solubility and consistent quality make it a top choice for mechanized and precision agriculture. Strong demand from countries like India and Australia, emphasizing sustainable farming, further fuels its growth. Technical Grade is expected to maintain its leading position in 2025, supported by its widespread use in field crops and high-value horticulture.

By Application

• Agriculture accounted for over 68.1% of the global humic acid market in 2024, driven by its role in enhancing soil fertility, nutrient uptake, and plant health. Used in both organic and conventional farming, humic acid supports a wide range of crops, including cereals, fruits, vegetables, and pulses.
• Its natural composition and ability to reduce reliance on synthetic fertilizers make it highly valued, particularly in regions combating soil salinity and drought. Government initiatives promoting sustainable agriculture through subsidies and training further boost its adoption. In 2025, agriculture is expected to remain the leading application segment, fueled by rising demand for eco-friendly crop inputs and clean-label food production.

Regional Analysis

In 2024, Europe dominated the global humic acid market, capturing a 42.2% share with a market value of approximately USD 240 million. The region’s leadership is driven by its strong commitment to sustainable agriculture and organic farming, bolstered by initiatives like the European Green Deal and the Circular Economy Action Plan, which fuel adoption and growth.

Recent Developments

1. Agbest Technology Co. Limited

• Agbest Technology has recently expanded its humic acid product line, focusing on high-purity, water-soluble formulations for organic farming. Their latest innovation includes nano-humic acid technology, enhancing nutrient absorption in crops. The company is also investing in sustainable extraction methods to reduce environmental impact.

2. Agriculture Solutions Inc.

• Agriculture Solutions Inc. has introduced a new humic acid-based biostimulant, “Humix Pro,” designed to improve soil health and crop resilience under drought conditions. The product is OMRI-listed and tailored for large-scale organic farms. 

3. Arctech Inc.

• Arctech Inc. has partnered with research institutions to develop cold-weather humic acid formulations, ideal for northern climates. Their patented extraction process ensures high fulvic acid content, improving seed germination rates in low-temperature soils.

4. Aries Agro Limited

• Aries Agro has launched “Humic Gold,” a liquid humic acid enriched with micronutrients. The product enhances microbial activity in soil and is compatible with drip irrigation systems. Field tests in India reported improved nutrient uptake in rice and wheat crops.

5. Biolchim S.p.A.

• Biolchim recently introduced “HumiFert,” a humic acid-based fertilizer combined with beneficial microbes. The product is part of their “Green Evolution” line, targeting sustainable viticulture and horticulture in Europe.

Conclusion

The Humic Acid Market’s growth underscores its vital role in sustainable agriculture and environmental solutions. By enhancing soil health and reducing chemical dependency it supports global food security and economic stability. Businesses can capitalize on this by innovating and expanding into high-growth regions. With strong analyst optimism and supportive policies, the market is set to drive eco-friendly progress, offering significant opportunities for stakeholders committed to sustainability.

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