Soil Amendments Market Forecasts to 2030 - Global Analysis by Type (Organic and Inorganic), Form (Dry and Liquid), Soil Type (Clay Soil, Sandy Soil, Silty Soil, Loamy Soil, Peaty Soil and Chalky Soil), Function, End User and By Geography

According to Stratistics MRC, the Global Soil Amendments Market is accounted for $4.5 billion in 2024 and is expected to reach $9.1 billion by 2030 growing at a CAGR of 12.3% during the forecast period. Soil amendments are substances added to soil to improve its physical, chemical, or biological properties, thereby improving plant growth. These can include organic materials such as compost, manure, and peat, as well as inorganic materials such as lime, gypsum, and sand. Soil amendments help improve soil structure, increase nutrient availability, increase drainage, and promote normal microbial activity. It is commonly used to manage soil scarcity and improve overall soil health for better crop quality.

According to the United Nations Educational, Scientific and Cultural Organization (UNESCO), approximately 33% of the world's soil is degraded.

Market Dynamics:

Driver:

Increasing demand for organic farming

The increasing demand for organic farming is a significant driver for the soil amendments market. As consumers become more health-conscious and environmentally aware, there is a growing preference for organic produce, which requires sustainable farming practices. Soil amendments play a crucial role in enhancing soil fertility and structure, essential for organic farming. This demand encourages farmers to adopt organic soil amendments to improve crop yields and quality, thereby driving market growth as more agricultural producer's transition to organic methods.

Restraint:

Lack of awareness and knowledge

A lack of awareness and knowledge about the benefits and application of soil amendments acts as a restraint in the market. Many farmers, particularly in developing regions, may not be fully informed about how these products can improve soil health and productivity. This knowledge gap can lead to underutilization or improper use of soil amendments, limiting their effectiveness.

Opportunity:

Growth of the agricultural industry

As global food demand increases with population growth, there is a pressing need to enhance agricultural productivity sustainably. Soil amendments offer solutions to improve soil health, increase nutrient availability, and support higher crop yields. This opportunity is amplified by technological advancements in agriculture that facilitate precise application and monitoring of soil health, encouraging wider adoption of soil amendment products across diverse farming practices.

Threat:

Fluctuating raw material prices

The cost of key ingredients used in manufacturing these products can vary due to geopolitical factors, supply chain disruptions, or changes in demand. Such volatility can affect production costs and pricing strategies for manufacturers, potentially leading to reduced profit margins or increased prices for end-users. This threat necessitates strategic sourcing and cost management practices to mitigate the impact of price fluctuations on market stability.

Covid-19 Impact:

The Covid-19 pandemic impacted the soil amendments market by disrupting supply chains and affecting agricultural operations worldwide. Initially, restrictions led to delays in product availability and distribution. However, as agriculture is an essential sector, operations resumed with increased focus on sustainable practices. The pandemic underscored the importance of resilient food systems, boosting interest in soil health solutions like amendments to ensure long-term agricultural productivity.

The organic segment is expected to be the largest during the forecast period

The organic segment is expected to be the largest during the forecast period due to rising consumer demand for organic produce and sustainable farming practices. Organic soil amendments are crucial for maintaining soil fertility without synthetic chemicals, aligning with organic certification standards. This segment's dominance is driven by increasing adoption among farmers seeking eco-friendly solutions that enhance crop quality while preserving environmental health, supporting robust market growth.

The liquid segment is expected to have the highest CAGR during the forecast period

The liquid segment is expected to have the highest CAGR during the forecast period due to its ease of application and rapid absorption by plants. Liquid soil amendments provide immediate nutrient availability and can be easily integrated into existing irrigation systems, making them attractive for both large-scale farms and smallholders. The versatility and efficiency of liquid formulations cater to diverse agricultural needs, driving their accelerated adoption across various crop types.

Region with largest share:

Over the forecast period, the North America region is anticipated to hold the largest market share due to its advanced agricultural practices and strong emphasis on sustainable farming. The region's well-established organic farming sector drives demand for high-quality soil amendments that support environmental stewardship while enhancing productivity. Additionally, North America's focus on research and innovation in agriculture supports continuous development and adoption of effective soil amendment products.

Region with highest CAGR:

During the forecast period, the Asia Pacific region is anticipated to register the highest CAGR driven by rapid agricultural expansion and increasing awareness of sustainable practices. Countries like China and India are investing in modernizing their agricultural sectors to meet growing food demands while addressing environmental concerns. This dynamic growth environment fosters increased adoption of soil amendments as farmers seek solutions that improve yield potential and ensure long-term soil health.

Key players in the market

Some of the key players in Soil Amendments Market include BASF SE, Novozymes A/S, Lallemand Inc., FMC Corporation, UPL Limited, Bayer Crop Science, Evonik Industries AG, Adama Agricultural Solutions, T Stanes & Company, Nufarm Limited, Oro Agri Europe S.A., Saint-Gobain, Greenfields Eco Solutions Pvt. Ltd., Gujarat State Fertilizers and Chemicals Limited, SANOWAY GmbH, Corteva Agriscience, Israel Chemicals Ltd. and Solvay S.A.

Key Developments:

In November 2023, Between Nov.19th to 21st, 2023, the 37th China Plant Protection Information Exchange and Sprayer Facilities Fair welcomed BASF Agricultural Solutions and its new pipelines and outstanding crop solutions for 2024 to discussions on the new agricultural market opportunities and ecosystem with the industry's upstream and downstream partners. Innovation drives BASF's sustainable and diversified business development. BASF has chosen this year's fair to display three new products scheduled to hit the Chinese market in 2024.

In November 2023, Blagnac, France - Lallemand Specialty Cultures (LSC), is set to participate in the Food Ingredients Europe 2023 exhibition, Hall 4 - Booth #D161. This year, LSC will introduce three new innovations that reflect its commitment to food safety, quality, and sustainability in service to professionals in the dairy and fermented meat industries.

In October 2023, On UN World Food Day, Bayer announced the introduction of its direct-seeded rice (DSR) system at the 6th International Rice Congress in Manila. Moving from transplanted puddled rice cultivation to direct-seeded rice can help farmers to reduce water use by up to 40 percent, greenhouse gas emissions (GHG) by up to 45 percent and reduce farmers' dependence on scarce and costly manual labor by up to 50 percent. The introduction of the DSR system is fully in line with Bayer's recently announced approach to regenerative agriculture which will enable farmers to produce more while restoring more.

Types Covered:

• Organic
• Inorganic

Forms Covered:

• Dry
• Liquid

Soil Types Covered:

• Clay Soil
• Sandy Soil
• Silty Soil
• Loamy Soil
• Peaty Soil
• Chalky Soil

Functions Covered:

• Soil Structure Improvement
• pH Modification
• Nutrient Enhancement
• Water Retention
• Microbial Activity Support

End Users Covered:

• Agricultural
• Non-Agricultural

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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