United States Soil Amendment Market - 2023-2030

United States Soil Amendment Market - 2023-2030

United States Soil Amendment Market reached US$ 1.21 billion in 2022 and is expected to reach US$ 2.71 billion by 2030, growing with a CAGR of 10.6% during the forecast period 2023-2030.

The United States Soil amendment market has witnessed significant growth over the years, farmers are highly adopting, as they help in improving the soil structure by enhancing its texture and reducing compaction, this helps in the development of healthier plant roots and better water absorption, which helps in increasing the crop productivity.

Furthermore, the presence of vast agricultural lands can help increase the usage of soil amendments. For instance, according to the USDA National Agricultural Statistics report of 2023, the number of farms in the U.S. in 2021 is around 2,012,050, and the average farm size is 445 acres. Hence, it can help in increasing market growth.

The biofertilizers segment accounts for the maximum share in the United States soil amendment market, as the demand is increasing, the key manufacturer of United States Performance Nutrition has launched a NutriWise biofertilizer in July 2022, this product is sourced and manufactured in the United States.

Dynamics

Increase in Consumption rate of Fruits and Vegetables

The consumption rates of fruits and vegetables are increasing, for instance, according to a USDA report of 2023, vegetables available for consumption in the United States was 382.5 pounds per capita in 2020, the consumption of fresh apples is 9 pounds per person, bananas are 13.2 pounds per person in 2021. Hence, such consumption rates can help in increasing the demand for soil amendments.

Furthermore, as the demand for fruits and vegetables is high, many farmers are willing to adopt these soil amendments to improve the soil's chemical and physical structure, some soil amendments such as compost and manure, can increase its nutrient content, provide the plants with the necessary elements for growth. Which can help in increasing crop productivity, hence, such factors can help in increasing the market growth.

Government Investments

Government investments can indeed play a significant increases the soil amendment market. Governments of many countries often allocate funding for research and development in agriculture and soil science. This funding can support research into the development of innovative soil amendment products, and sustainable agricultural practices.

Furthermore, in March 2022, the U.S. Department of Agriculture announced an investment of US$ 250 million to support independent, innovative, and sustainable American fertilizer production to supply American farmers. Hence, such initiatives can help in increasing the adoption rate of soil amendments.

Lack of Awareness

Lack of awareness significantly affects the growth of the United States soil amendments market, Growers and gardeners who are not aware of the benefits of soil amendments may not incorporate them into their soil management practices. This limits the adoption rate, which hampers the growth of soil amendments market.

Segment Analysis

The United States soil amendment market is segmented based on type, crop type, soil type, form, and region.

Increase in Demand for Effective Crop Nutrition

The biofertilizers hold the maximum share in the United States soil amendment market. Farmers are highly adopting these biofertilizers as they contain plant growth-promoting microbes such as nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and others. This helps in improving the nutrient intake, which helps in increasing the crop yield. Hence, such factors can help in increasing the market growth.

Furthermore, biofertilizers are highly used in organic farming, as the demand for organic farming and organic products is increasing, for instance, according to the USDA report, U.S. farms and ranches sold $11.2 billion in certified organic commodities in 2021, up 13% from $9.9 billion in 2019, and Certified organic cropland increased 3% to 3.6 million acres in 2021. Hence, such increasing rates can help in driving the soil amendments market in the United States.

Competitive Landscape

The major United States players in the market include BASF SE, UPL, Agrinos S.A. de C.V., FMC Corporation, Profile Products LLC, The Fertrell Company, Soil Technologies Corp, Novozymes, Kula Bio Inc., and Soil Works LLC.

COVID-19 Impact Analysis

The pandemic had brought a disruption in the supply chain, the government had imposed lockdown restrictions which affected the import and export rates, also many manufacturing companies were shut down, which led to a decrease in the availability of products in the market. This has shown a negative impact on the United States soil amendments market.

By Type
• Humic Acid
• Biofertilizers
• Polysaccharide
• Derivatives
• Gypsum
• Others

By Crop Type
• Cereals and Grains
• Fruits and Vegetables
• Oil seeds and Pulses
• Others

By Soil Type
• Clay
• Slit
• Sand
• Loam

By Form
• Dry
• Liquid

Key Developments
• In January 2023, Sumitomo Chemical acquired FBSciences Holding Inc., a U.S. company engaged in the business of biostimulants, a group of naturally-derived agricultural materials, and a class of biorationals. The acquisition is due to be completed subject to the prescribed procedures.

Why Purchase the Report?
• To visualize the United States soil amendment market segmentation based on type, crop type, soil type, form, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of soil amendment market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The United States soil amendment market report would provide approximately 43 tables, 35 figures and 170 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies