Global Soil Amendments Market Size study & Forecast, by Type (Organic, Inorganic), Soil Type (Sand, Loam, Clay, Slit), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Form (Dry and Liquid), and Regional Analysis, 2022-2029
Global Soil Amendments Market is valued approximately at USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Soil Amendments are the organic or inorganic materials applied to agricultural lands that improves the characteristics of the soil. They can be used for different types of soils such as loam, slit, clay and sand etc. The Soil Amendments market is expanding because on the back of rising demand for organic food products and growing awareness about soil health management.
According to the Forschungsinstitut für biologischen Landbau FiBL in 2020, around 1.6% of the farmland globally are organic. Liechtenstein (Europe) had the highest organic share of total farmland (41.6%), followed by Austria (26.5%) and Estonia (26.5%). (22.4 percent). Organic agriculture accounts for 10% or more of all agricultural land in 18 countries. By the end of 2020, nearly 75 million hectares had been organically managed, representing a 4.1 percent or 3 million hectares increase over 2019. Incorporation of soil amendments into fertilizer formulations devices and growth activities in developing countries create lucrative opportunities for the market. However, short shelf of soil amendments hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Soil Amendments Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominates the market with highest revenue, owing to the presence of coal mining, rock mining, smelting & refining sites. Whereas, North America is expected to grow with fastest growth rate owing to the rising demand for organic food products, growing penetration of market players and rising growth activities by developing countries across the globe in the forecast period.
Major market player included in this report are:
BASF SE (Germany)
UPL Limited (India)
FMC Corporation (US)
Nufarm (Australia)
Evonik Industries (Germany)
Novozymes A/S (Denmark)
Bayer AG (Germany)
Adama (Israel)
T Stanes & Company (India)
Lallemand Inc (Canada)
Recent Developments in the Market:
In May 2019 - Evonik will open its new Applied Technology Center (ATC) in Sao Paulo, Brazil, which will include cutting-edge laboratories and pilot plants. The company intends to increase local capacity for producing biocompatible solutions.
In March 2022 - Haifa Group acquired Horticoop Andina, an Ecuador-based wholesaler that specializes in marketing agricultural nutritional products. The company intends to expand its presence in Ecuador and the Latin American market.
Global Soil Amendments Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Soil, Crop, Form, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Organic,
Inorganic
By Soil:
Sand,
Loam,
Clay,
Slit
By Crop:
Cereals & Grains,
Oilseeds & Pulses,
Fruits & Vegetables
By Form:
Dry
Liquid
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Companies Mentioned
BASF SE (Germany)
UPL Limited (India)
FMC Corporation (US)
Nufarm (Australia)
Evonik Industries (Germany)
Novozymes A/S (Denmark)
Bayer AG (Germany)
Adama (Israel)
T Stanes & Company (India)
Lallemand Inc (Canada)
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