Global Soil Amendments Market Set to Reach USD 6 Billion by 2027, Fueled by Growing Demand for Sustainable Agriculture

In 2022, the global soil amendments market is estimated at USD 3.6 billion, with a projected CAGR of 11.0%, reaching USD 6 billion by 2027. The surge is attributed to factors such as the widespread availability of raw materials, a robust market demand for organic farming in high-value crops, and increasing concerns about soil health.

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Soil amendments, substances added to soil to enhance its physical properties, play a vital role in regulating water retention, permeability, aeration, and overall soil structure. The market's acceleration is propelled by the associated benefits and the imperative shift towards sustainable agriculture, aiming to reduce reliance on conventional synthetic fertilizers.

One significant driver is the rising demand for organic food products and high-value crops. Farmers, cognizant of the drawbacks of synthetic fertilizers, are seeking alternatives to mitigate issues related to soil and surface water degradation. This has led to a preference for organic farming, utilizing amendments that boost soil organic matter and enhance physical structure.

Europe, anticipated to reach USD 1,682.3 million by the forecast period, showcases a landscape of small farms with intensive cultivation practices. The European Union's Common Agricultural Policy emphasizes soil management, prompting the need for eco-friendly and economical soil amendment products. With 45% of European topsoils characterized by low soil organic matter content, the use of organic amendments derived from organic wastes is gaining traction.

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The European Commission highlights the increased application of compost amendments in agriculture, fostering microbial growth and combating soil degradation resulting from land-use changes. The market is witnessing high demand in Europe due to its role in minimizing environmental impact and reducing reliance on agrochemicals.

Key players driving the market include BASF SE (Germany), UPL Limited (India), FMC Corporation (US), Adama (Israel), Nufarm (Australia), and Evonik Industries (Germany). As the global agricultural landscape continues to prioritize sustainable practices, the soil amendments market is poised for substantial growth in the coming years.

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