Global Soil Amendments Market Size To Worth USD 9.8 Billion By 2032 | CAGR of 10.9%

Category: Agriculture

RELEASE DATE May 2023
REPORT ID SI1959

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Global Soil Amendments Market worth $9.8 Billion by 2032

 

According to a research report published by Spherical Insights & Consulting, the Global Soil Amendments Market Size is to grow from USD 3.5 billion in 2022 to USD 9.8 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 10.9% during the projected period. Farmers can use the right soil amendments to improve soil conditions and reduce their use of synthetic and conventional fertilizers, resulting in a more sustainable and environmentally friendly agricultural experience. This offers an opportunity for businesses and innovators to develop products and technologies that will aid in meeting the growing demand for environmentally friendly farming practices.   

Global Soil Amendments Market

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Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on "Global Soil Amendments Market Size, Share, and COVID-19 Impact Analysis, By Type (Organic, Inorganic), By Soil Type (Sand, Loam, Clay, Slit), By Form (Dry and Liquid), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/soil-amendments-market

 

Soil amendments are important in modern agriculture because they help to increase crop yields, promote plant health, and ensure sustainable farming practices. These amendments are used to correct nutrient deficiencies and improve water retention, pH levels, and soil structure. The Soil Amendments market is a rapidly expanding industry that focuses on improving soil quality and fertility by using various additives and supplements. Organic amendments are gaining popularity due to their sustainability and environmental friendliness. Furthermore, the demand for specialty soil amendments tailored to specific crops or soil types is increasing. Soil science, agronomy, and agricultural technology advancements have all contributed to the development of novel soil amendments. Manufacturers are investing in R&D to launch advanced formulations, nutrient-specific amendments, and precision application methods, which are driving the market growth. However, soil amendment availability and accessibility can be a challenge, particularly in remote areas or regions with underdeveloped agricultural infrastructure. Soil amendments may be less accessible to farmers due to limited distribution networks and inadequate storage facilities.

 

The organic segment is expected to hold the largest share of the global soil amendments market during the forecast period.

The global soil amendments market is divided into organic and inorganic types. The organic segment is projected to account for the majority share of the global soil amendments market over the forecast period. The growing demand for organic food, as well as the desire to reduce reliance on synthetic inputs, have boosted the use of organic amendments.

 

The loam segment is expected to grow at the fastest pace in the global soil amendments market during the forecast period.  

The global soil amendments market is classified into sand, loam, clay, and slit based on soil type. The loam segment is projected to expand the fastest in the global soil amendments market over the forecast period. The growth can be attributed due to its usage in wide range of application in various sector include pottery, gardening, and others. Loam is the best soil type for plant growth because it contains a balanced mixture of sand, silt, and clay particles.

 

The dry segment is expected to hold the largest share of the global soil amendments market during the forecast period.  

The global soil amendments market is classified into two types: dry and liquid. The dry segment is projected to account for the majority share of the global soil amendments market over the forecast period. Their widespread use in large-scale agriculture and broad applicability can be attributed to their growth. Dry amendments are preferred because they are easier to handle, store, and apply.

 

North America is estimated to hold the largest share of the global soil amendments market over the predicted timeframe.

 

Global Soil Amendments Market

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North America is expected to hold the largest share of the global soil amendments market during the study period. Soil amendments are in high demand due to the region's advanced agricultural practices, large-scale farming operations, and emphasis on sustainable agriculture. During the forecast period, Asia Pacific is projected to expand at the highest pace in the global soil amendments market. The Asia Pacific region is a sizable and rapidly expanding market for soil amendments. The demand for amendments is being driven by an increasing population, an expanding agricultural sector, and increased awareness about soil health. 

 

Major vendors in the Global Soil Amendments Market include BASF SE, Lallemand Inc, UPL Limited, FMC Corporation, Adama, Bayer, Saint-Gobain, Greenfield Eco Solutions Pvt. Ltd., Novozymes, SANOWAY GmbH, T Stanes & Company, Evonik Industries, Nufarm, Oro Agri Europe S.A., and Others.

 

Recent Developments

  • In September 2022, Biodegradable coated fertilizer technology has been introduced by Israel Chemical Ltd, a multinational fertilizer company. The innovative solution assisted farmers in maximizing agricultural crop performance while minimizing environmental impact by reducing nutrient loss and increasing nutrient use efficiency.

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Soil Amendments Market based on the below-mentioned segments:

 

Global Soil Amendments Market, By Type

  • Organic
  • Inorganic

 

Global Soil Amendments Market, By Soil Type

  • Sand
  • Loam
  • Clay
  • Slit

 

Global Soil Amendments Market, By Form

  • Dry 
  • Liquid

 

Global Soil Amendments Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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