What Is The Current and Historic Market Size Analysis Of The Soil Amendments Market?
The soil amendments market has seen considerable growth due to a variety of factors.
•In the past few years, the size of the soil amendments market has seen a rapid expansion. The market is projected to increase from $4.65 billion in 2024 to $5.15 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%.
The observed growth during the historical period is due to factors such as government subsidies and incentives, worries about soil erosion, the trend towards organic farming, practices of crop rotation, and rising awareness and education.
What Are The Predictions for The Soil Amendments Market Size In The Coming Years?
The soil amendments market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for soil amendments is anticipated to experience a swift expansion in the forthcoming years, ballooning to "$7.76 billion by 2029 with a compound annual growth rate (CAGR) of 10.8%.
The surge during the projection period can be credited to the adoption of precision agriculture, the need to adapt to climate change, regenerative agricultural methods, governing policies, and circular economy strategies. The upcoming period will witness significant trends such as technological advancements, organic alterations of soil, enhancements of soil through microbial means, meticulous agriculture and soil examination, and the introduction of biochar.
What Are The Essential Drivers Behind The Growth Of The Soil Amendments Market?
The escalating worry over soil degradation is anticipated to stimulate the expansion of the soil amendments market in the future. This degradation pertains to the reduction in soil quality or fertility due to natural or human contributors. The escalating worry about soil degradation is largely influenced by intense farming practices, deforestation, urbanization, and climate shifts. To counter these challenges, amendments in soil are employed which enhance soil quality by replenishing microbial populations, adjusting pH, incorporating organic substances, enhancing water retention capacity, and decreasing compaction. For example, in November 2022, as per the United Nations Convention to Combat Desertification (UNCCS), a US-based UN Agency for land restoration, one in five people globally now reside and work on deteriorated farming land, and roughly 40% of the world's soil is already degraded, with an estimated 90% potentially becoming degraded by 2050. Furthermore, soil degradation causes a loss of 10 to 12 million hectares of farmland annually. As a result, the rising apprehensions about soil degradation will drive the growth of the soil amendment market.
How Is The Global Soil Amendments Market Divided Into Key Segments?
The soil amendments market covered in this report is segmented –
1) By Soil Type: Clay, Sand, Loam, Silt
2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And vegetables, Other Crop Types
3) By Product: Organic, Inorganic
4) By Form: Dry, Liquid
5) By Application: Construction And Mining, Agriculture And Gardening, Other Applications
Subsegments:
1) By Clay: Organic Amendments, Inorganic Amendments, Gypsum, Compost
2) By Sand: Organic Matter, Fertilizers, Soil Conditioners
3) By Loam: Compost, Peat Moss, Vermiculite, Perlite
4) By Silt: Organic Matter, Lime, Biochar, Nutrient Amendments
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What Trends Are Reshaping The Future Of The Soil Amendments Market?
Key operators in the soil amendments market, like Bayer, are placing strategic focus on launching innovative products. These new products, such as advanced agricultural solutions, are engineered for long-term protection against a wide range of fungal diseases in diverse crops. The goal is not just improved protection, but also healthier productivity and increased sustainability in farming practices. When we say advanced agricultural solutions, we mean cutting-edge technologies, products, or practices designed to boost crop production, effectively manage pests and diseases, and foster sustainability in farming activities. An example of this is when Bayer, a Germany-based frontrunner in the sphere of agriculture and life sciences, obtained EPA approval for Luna Pro Fungicide in March 2023. Luna Pro Fungicide is a superior fungicide that adeptly regulates both foliar and soilborne diseases, particularly in potatoes, using a blend of systemic active components. The formulation comprises prothioconazole, capable of stopping fungal growth at the cellular level, and fluopyram, which bolsters disease resistance and enhances overall plant vitality. By boosting crop resilience and yield potential, this fungicide proves to be a vital resource for farmers aiming to control disease pressures while maintaining sustainable farming practices.
Who Are the Key Players in the Soil Amendments Market?
Major companies operating in the soil amendments market include:
• BASF SE
• UPL Limited
• FMC Corporation
• Adama Agricultural Solutions Ltd.
• Bayer AG
• Novozymes A/S
• Lallemand Inc.
• T Stanes & Company
• Evonik Industries AG
• Nufarm Ltd.
• DOW Inc.
• Greenfield Eco Solutions Pvt. Ltd.
• Gujarat State Fertilizers and Chemicals Limited
• Oro Agri Europe S.A
• SANOWAY GmbH
• Eastman Chemical Company
• Vantage Specialty Chemicals Inc.
• Clariant International Ltd.
• Croda International plc
• Solvay S.A.
• Syngenta AG
• ADEKA CORPORATION
• Akzo Nobel N.V.
• BioWorks Inc.
• Biochar Now LLC
• Bio Soil Enhancers Inc.
• Black Diamond Vermicompost
• Blue Planet Environmental Solutions Pte. Ltd.
• Carbon Gold Ltd.
• Earth Science Laboratories Inc.
What are the Regional Insights into the Soil Amendments Market?
North America was the largest region in the soil amendments market in 2024. The regions covered in the soil amendments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
