Soil Amendments Market is expected to grow with an impressive CAGR in the forecast period 2024-2028,
Additionally, amendments contribute to overall soil health by improving soil structure, promoting beneficial microbial activity, and enhancing water-holding capacity. Also, by optimizing soil conditions, amendments support optimal plant growth and yield.
Moreover, soil health management awareness is adding to supporting the market demand and thus leading to propel the market growth in the forecast period.
Growing Popularity of Organic Agriculture
Humic substances are evenly distributed organic carbon-containing material found found at in aquatic and terrestrial environments. The easier availability of humic substances is highly adding to the growth of the global soil amendments market and is highly advantageous in adding nutritive value to the soil. Soil amendments are essential components of organic farming systems. Organic farmers rely heavily on organic amendments, such as compost and manure, to enhance soil fertility and comply with organic certification standards. The increasing consumer demand for organic products has further fueled the demand for organic amendments in the market. Soil amendments are essential components of organic farming systems. Organic farmers rely heavily on organic amendments, such as compost and manure, to enhance soil fertility and comply with organic certification standards. The increasing consumer demand for organic products has further fueled the demand for organic amendments in the market. Soil products such as humic acid are cost efficient, easily found at, and benefit the soil quality. Improving the soil quality by adding soil amendments leads to an improved produce quality along with the increased crop yield, thereby aiding the farmers in producing rich-quality organic products.
The Rising Demand for Food & Agricultural Commodities
With the increasing demand for food & food products for the growing population across the world, the demand for soil commodities has also increased. This is due to the fact that growing population demand requires an efficient and continuous flow of food to fulfill the food demand for the population. For instance, countries in Asia-Pacific region, being an important region in the global food chain, is accounting for approximately 19% of global food and agricultural exports, along with 31% of the total food and agricultural imports, and therefore creates a huge demand for agricultural commodities for increased food demand.
Growing Environmental and Soil Degradation
, as per a Cornell study, In 2017 US, it was estimated that soil disappears ten times faster than the natural rate of replenishment, which is nearly 1.7 billion tons of farmland per year. Additionally, in the study it was also revealed that it led to a loss of approximate USD 37 billion annually in agricultural production as economic loss in the form of soil loss.
Rise In Industrial Events
poor land management in Europe accounts for an estimated soil loss of 970 million by erosion each year with its high impacts on food production and biodiversity.
Market Segmentation
The Soil Amendment Market is segmented based on the Type, Soil Type, Form, and Region. Based on Type, the market is segmented into organic and inorganic. Based on Soil Type, the market is segmented into Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables. Based on Form, the marketed is segmented into dry and liquid. Based on Region, the market is further segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Market Players
BASF SE, FMC Corporation, UPL Limited, Nufarm, Evonik Industries AG, Novozymes A/S, ADAMA Ltd, Bayer, T. Stanes & Company, Agrinos, etc., are some of the major players operating in the global Soil Amendment Market.
Attribute
|
Details
|
Base
Year
|
2022
|
Historical Years
|
2018 – 2021
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Estimated
Year
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2023
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Forecast Period
|
2024 – 2028
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Quantitative
Units
|
Revenue
in USD Million and CAGR for 2018-2022 and 2023-2028
|
Report Coverage
|
Revenue forecast, company share,
competitive landscape, growth factors, and trends
|
Segments
Covered
|
Type
Soil
Type
Form
|
Regional Scope
|
North America; Asia Pacific; Europe;
South America; Middle East & Africa
|
Country
Scope
|
United
States; Canada; Mexico; China; India; Japan; South Korea; Australia; Germany;
France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi
Arabia; UAE; South Africa; Kuwait
|
Key Companies Profiled
|
BASF SE, FMC Corporation, UPL Limited,
NUFARM, Evonik Industries AG, Novozymes AG, ADAMA Ltd., Bayer, T. Stanes
& Company, Agrinos.
|
Customization
Scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
Pricing and Purchase Options
|
Avail customized purchase options to
meet your exact research needs. Explore purchase options
|
Delivery
Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|