Soil Amendments Market is Projected to Reach $6.0 billion by 2027

The global soil amendments market is estimated at USD 3.6 Billion in 2022. It is projected to reach USD 6.0 Billion by 2027, recording a CAGR of 11.0 % during the forecast period. According to the US Environmental Protection Agency, soil amendments are materials primarily applied to agricultural land to improve soil characteristics rather than as plant food. The types of soil amendments available in the industry can be classified as organic and inorganic, serving different soils such as sand, loam, clay, and slit.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=129654227

The pharmaceutical market is relatively untapped and small compared to other non-food applications and the rapidly growing food & beverage market.

Soil amendments are constituents added to the soil to improve its physical properties. These include water retention, permeability, infiltration, drainage, aeration, and soil structure. For better results, soil amendments are mixed thoroughly into the soil. The market growth of soil amendments has been gaining pace due to the associated benefits and the rising need for sustainable agriculture while also focusing on reducing the exploitation and wastage of conventional synthetic fertilizers.

Strong market demand for organic food products and high-value crops

There is a rising awareness among farmers regarding using synthetic or chemical fertilizers. Farmers are continually searching for alternatives to prevent problems of soil and surface water deterioration associated with the intensive use of chemical fertilizers. These factors shift the preference of farmers toward organic farming, which makes use of organic amendments that increase soil organic matter and improve the soil's physical structure. Consumer awareness related to risks from food additives and synthetic pesticide residues has stimulated the demand for healthy food. It has contributed to developing the market for organically produced food that uses organic manure. Most leading food companies are increasing their organic fruits & vegetable product offering. Several marketers have introduced organic fruits & vegetable varieties in their product portfolio, while others have acquired organic brands or companies dealing with organic fruits & vegetable products.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=129654227

Europe is projected to reach USD 16,82.3 million during the forecast period.

Europe has the presence of small farms with intensive farming systems and the cultivation of various crops. The common agricultural policy (CAP) of the European Union has emphasized soil management for formulating better soil protection policies. According to the European Fertilizer Manufacturers Association, farmers in Europe have applied a generous amount of chemical phosphorus fertilizers for a long time, negatively affecting human health and the environment. Thus, there is a need for soil amendment products that are environment-friendly and economical. Therefore, the use of soil amendments helps minimize the negative impact on the environment. According to the European Commission, 45% of European topsoils (0-30 cm) are characterized by low soil organic matter (SOM) content. As the scarcity of fertile soil increases, the utilization of organic wastes as organic amendments is gaining popularity. Organic amendments help in reducing the dependence on agrochemicals and are eco-friendly, economical, and preferred alternatives for improving soil fertility.

Almost 50% of the total compost produced in Europe is applied to agricultural soils. Compost amendments increase the soil's microbial biomass and microbial growth. Due to changes in land use, the degradation of soil has been observed in many European countries. Thus, the soil amendments market is projected to witness high demand in Europe.

The key players in this market include BASF SE (Germany), UPL Limited (India), FMC Corporation (US), Adama (Israel), Nufarm (Australia).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.