Press release
United States Soil Amendment Market Revenues Will Increase Dramatically With Huge Demand By 2024-2031 | China National Building Material Group Corporation, CEMEX, S.A.B. de C.V., HOLCIM.
United States Soil Amendment Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global United States Soil Amendment market from 2024 to 2031, and what is the market value expected to change by 2031?
The United States Soil Amendment Market reached US$ 1.21 billion in 2023 and is expected to reach US$ 2.71 billion by 2031, growing with a CAGR of 10.6% during the forecast period 2024-2031.
What is United States Soil Amendment Market?
The United States Soil Amendment Market involves the production and application of materials designed to improve soil quality, fertility, and structure. Soil amendments include organic matter, minerals, and synthetic products that enhance nutrient availability, water retention, and microbial activity in the soil. Market growth is driven by the increasing adoption of sustainable agriculture practices, rising awareness of soil health, and the demand for higher crop yields. Additionally, government initiatives promoting organic farming and environmental sustainability are further fueling the market. Innovations in soil amendment technologies, such as slow-release fertilizers and bio-based products, are also contributing to the expansion of this market.
Growth Driver
Rising Consumption Rates of Fruits and Vegetables Driving Demand for Soil Amendments
The consumption of fruits and vegetables is on the rise, reflecting a growing trend towards healthier eating habits. According to a USDA report from 2023, the per capita availability of vegetables in the United States reached 382.5 pounds in 2020. Additionally, fresh apple consumption stood at 9 pounds per person, while bananas were consumed at a rate of 13.2 pounds per person in 2021.
Key Players:
Profiles of some of the major players in the global United States Soil Amendment market, which include China National Building Material Group Corporation, CEMEX, S.A.B. de C.V., HOLCIM, Heidelberg Materials, UltraTech Soil Amendment Ltd, InterSoil Amendment, LafargeHolcim, The Siam Soil Amendment Group, Titan Soil Amendment Company S.A., Votorantim Cimentos, Takata Corporation.
Industry Development:
In January 2023, Sumitomo Chemical announced its acquisition of FBSciences Holding Inc., a U.S.-based company specializing in biostimulants, which are naturally derived agricultural materials classified as biorationals. This strategic acquisition is expected to enhance Sumitomo Chemical's portfolio in the agricultural sector, pending the completion of the necessary regulatory procedures.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global United States Soil Amendment market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
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.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
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➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
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