Humin Market Forecast and Opportunity Assessment till 2026

The Humin Market is segmented by Form (Solid, Liquid), Application (Agricultural, Horticulture, Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World). The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.

What is humin?

The part of humic acid that is not soluble in water at any pH is called humin. Among all the humic substances, humin has a low capability to decompose into the soil. It is vital for the fertility of the soil. It consists of a broad range of essential trace elements. It also helps to improve plant nutrient uptake and ensures higher plant growth.

Key Players

Key players operating in the humin market are-

• HUMINTECH GmbH (Germany)
• The Andersons (US)
• Canadian Humalite International (Canada)
• Humin Earth Organics (US)
• Helena Chemical Company (US)
• Shenyang Humate Technology (China)
• Fertechnik Ltd. (Hungary)
• L.Gobbi Srl unipersonal (Italy)
• Sapropeat (Africa) Ltd (Africa)
• Maxwell Amenity Ltd. (UK).

Market Dynamics

Growing demand for organic products increases the demand for organic fertilizers and plant growth enhancers which, in turn, augments the demand for humin. Moreover, repeated use of fertilizers and other agrochemicals has resulted in many agricultural issues, which increases the demand for more humin-based products that help in enhancing soil fertility. Also, the growing horticulture and greenhouse cropping in many regions across the globe are further promulgating the market growth during the review period.

Segment Analysis

Form Trends

The humin market has been classified into solid and liquid. Under these, the liquid segment accounted for a significant market share in 2020 and is projected to register significant growth during the review period. This is mainly attributed to its easy absorption and high active ingredient content and highest product purity. Also, it accelerates the growth of the plant, increases the germination rate, and improves early nutrient uptake by the roots, which fosters the segment growth.

Regional Trends

The market in Europe accounted for a significant market share in 2020 and is projected to grow at a significant CAGR during the assessment period. This is mainly ascribed presence of the strong presence of agricultural lands, robust horticulture growth, government subsidies for farmers, rising awareness regarding humin, as well as the strong presence of product manufacturers, which further proliferates the regional market growth.

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Digital Marketing Associate in Stratview Research