To improve the organic contents of soils for growing crops there are some applications such as planting rotation, various plough techniques, green fertilizer application and animal fertilizer application. In addition to these practices, utilization of organic-mineral fertilizers in agriculture has increased in recent years. Humic acids are heterogeneous, which include in the same macromolecule, hydrophilic acidic functional groups and hydrophobic groups. Humic acid hydrophilic groups attract hydration, thus increasing the water retention capacity in soils.
Humic substance play a vital role in soil fertility and plant nutrition. Plants grown on soils which contain adequate humin, humicadds (HAs), and fulvic adds (FAs) are less subject to stress, are healthier, produce higher yields; and the nutritional quality of harvested foods and feeds are superior. The value of humic substances in soil fertility and plant nutrition relates to the many functions these complex organic compounds perform as a part of the life cycle on earth.
On the basis of applications, the humic acid market can be categorized as conventional farming, biodynamic farming, bioremediation, organic farming, compost teas, sustainable farming, and in premium crop products as an additive. In terms of application, agriculture was the largest segment of the global humic acid market, constituting more than 50% volume share in 2015. Horticulture was the second largest application segment in 2015. Agriculture is anticipated to be the fastest growing application segment from 2016 to 2024, due to the rising demand for humic acid in developing countries and increasing awareness about the use of humic acid. Thus, as an entrepreneur this project offers an exciting opportunity
Few Indian Major Players are as under
• A S A Imperial Commodities Ltd.
• Agro Phos (India) Ltd.
• Basant Agro Tech (India) Ltd.
• Ghatprabha Fertilizers Pvt. Ltd.
• Indian Farmers Fertiliser Co-Op. Ltd.
• MatixFertilisers& Chemicals Ltd
