Soil Amendments Market 2024 | Market Trends, Key Drivers, Competitive Landscape, Share And Forecast To 2033

The new report published by The Business Research Company, titled Soil Amendments Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the soil amendments market size has grown rapidly in recent years. It will grow from $4.2 billion in 2023 to $4.68 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The soil amendments market size is expected to see rapid growth in the next few years. It will grow to $6.89 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.

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The Rising Significance Of Soil Amendments In Mitigating Degradation And Promoting Sustainable Agriculture
The increasing concern about soil degradation is expected to propel the growth of the soil amendments market going forward. Soil degradation refers to the loss of soil quality or fertility due to natural or human-induced factors. The increasing concern about soil degradation is mostly driven by intensive agriculture practices, deforestation, urbanization, and climate change, to address these issues, the amendments are in soil that improves soil quality by re-establishing microbial populations, balancing pH, adding organic matter, boosting water holding capacity, and reducing compaction. For instance, in November 2022, according to the United Nations Convention to Combat Desertification (UNCCS), a US-based UN Agency for land restoration, one-fifth of the world's population now lives and works on degraded agricultural land, and it is estimated that around 40% of the world's soil is already degraded, and around 90% could become degraded by 2050. Additionally, 10 to 12 million hectares of farmland are lost to soil degradation each year. Therefore, increasing concerns about soil degradation will fuel the soil amendment market growth.

Innovative Product Developments Drive Growth In The Soil Amendments
Product innovations have emerged as a key trend gaining popularity in the soil amendments market. Major companies operating in soil amendments market are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, June 2021, Locus AG, a US-based agricultural biological company, launched Pantego, a next-generation soil probiotic. Pantego helps to increase soil organic matter by stimulating microbial activity and promoting plant growth. This, in turn, helps to sequester carbon from the atmosphere and improve soil health. It has been shown to increase crop yields by up to 10%, due to its ability to improve nutrient uptake and plant stress tolerance.

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

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Major companies operating in the soil amendments market report are 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, Compagnie de Saint-Gobain 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.

Contents of the report:
1. Executive Summary
2. Soil Amendments Market Report Structure
3. Soil Amendments Market Trends And Strategies
4. Soil Amendments Market - Macro Economic Scenario
5. Soil Amendments Market Size And Growth
…..
27. Soil Amendments Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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