Agricultural Soil Amendments Market Forecasts to 2030 - Global Analysis By Type (Inorganic, Organic and Other Types), Soil Type, Crop Type, Form, Application and By Geography

According to Stratistics MRC, the Global Agricultural Soil Amendments Market is accounted for $4.03 billion in 2023 and is expected to reach $8.91 billion by 2030 growing at a CAGR of 12.0% during the forecast period. Agricultural soil amendments refer to substances added to soil to improve its physical, chemical, or biological properties, enhancing its fertility and productivity for crop cultivation. These may include organic materials like compost, manure, and biochar, as well as inorganic amendments such as lime, gypsum, and various minerals. The purpose of these amendments is to optimize soil structure, nutrient levels, pH balance, and microbial activity, ultimately promoting healthier plant growth and sustainable agricultural practices.

According to an article published by the IFOAM Organics International, in February 2021, 1.6% of farmland around the world was organic. Hence, the demand for organic food, as well as organic land conditioners, escalated the growth of the land conditioner market.

Market Dynamics:

Driver:

Increasing demand for organic produce

Consumers are increasingly prioritizing organic farming practices due to growing awareness of health and environmental concerns. This shift is driving the need for soil amendments that support organic agriculture, such as compost, manure, and bio-based fertilizers. As a result, suppliers and manufacturers are adapting their offerings to cater to this escalating demand for organic soil solutions, thereby reshaping the landscape of the agricultural inputs industry.

Restraint:

Limited awareness

The market faces challenges due to limited awareness among farmers about the benefits of soil amendments. Soil amendments, such as compost, biochar, and organic matter, are crucial for improving soil structure, water retention, and nutrient availability. Despite the potential to improve soil health, productivity, and sustainability, many agricultural stakeholders remain uninformed about available options and their proper application. This lack of awareness inhibits widespread adoption and limits market growth.

Opportunity:

Need for soil quality improvement

Soil amendments play a crucial role in enhancing soil structure, nutrient content, and overall health, thereby promoting optimal plant growth and yields. With rising concerns over environmental sustainability and food security, there is a growing demand for effective soil amendment solutions to restore soil health, mitigate erosion, and support sustainable agricultural practices, driving growth in this market.

Threat:

High initial costs

The market presents significant challenges due to high initial costs. These costs stem from various factors, including research and development expenses for innovative products, production costs associated with sourcing high-quality raw materials, and regulatory compliance expenses for ensuring product safety and efficacy. Additionally, distribution and marketing costs contribute to the overall initial investment required to enter and compete in this market effectively.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the market. Supply chain disruptions, labor shortages, and logistical challenges hindered the production and distribution of soil amendments. However, heightened awareness of food security and sustainable farming practices amid the crisis provided opportunities for organic and bio-based soil amendments. Additionally, remote work trends accelerated digital solutions adoption for soil management. Overall, while the pandemic posed challenges, it also spurred innovation and resilience in the market.

The loam segment is expected to be the largest during the forecast period

The loam segment is expected to be the largest during the forecast period. Loam, renowned for its balanced texture and fertility, plays a pivotal role in the agricultural soil amendments market. Its optimal mixture of sand, silt, and clay fosters excellent water retention, drainage, and nutrient distribution, enhancing crop growth. With sustainability and productivity at the forefront of modern farming, the demand for loam in agricultural soil amendments continues to surge, driving innovation and market growth.

The horticulture segment is expected to have the highest CAGR during the forecast period

The horticulture segment is expected to have the highest CAGR during the forecast period. These amendments, including organic matter, compost, and biochar, play a pivotal role in improving soil structure, fertility, and water retention capacity. With growing awareness of sustainable agricultural practices and the desire for chemical-free produce, the market for soil amendments in horticulture is experiencing steady growth, offering promising opportunities for manufacturers and suppliers in the agricultural sector.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to the increasing adoption of sustainable farming practices and the rising demand for organic produce. Government initiatives promoting soil conservation and environmental sustainability further propel market expansion. With a growing emphasis on organic farming and the need for enhanced crop yields, the market is poised for continuous development in the region.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. Factors such as rising demand for organic food products, government initiatives promoting eco-friendly agricultural practices, and growing adoption of precision farming techniques are driving the market expansion. Additionally, advancements in agricultural technology and the availability of innovative soil amendment products further contribute to the market's momentum in the region.

Key players in the market

Some of the key players in Agricultural Soil Amendments market include Adeka Corporation, Syngenta AG, Eastman Chemical Company, Novozymes A/S, Akzo Nobel N.V., BASF SE, Solvay S.A., Vantage Specialty Chemicals, Inc., DOW Chemical Company, Clariant International AG, Evonik Industries AG, Croda International PLC, Lallemand Inc, T Stanes & Company and Haifa Group.

Key Developments:

In May 2022, Evonik, a German specialty chemical company, opened a new Applied Technology Center (ATC) in Sao Paulo, Brazil, including laboratories and pilot plants. The company aimed to expand local capabilities for producing biocompatible solutions.

Types Covered:

• Inorganic
• Organic
• Other Types

Soil Types Covered:

• Clay
• Slit
• Loam
• Sand
• Other Soil Types

Crop Types Covered:

• Oilseeds & Pulses
• Fruits & Vegetables
• Cereals & Grains
• Other Crop Types

Forms Covered:

• Liquid
• Dry
• Granular

Applications Covered:

• Agriculture
• Horticulture
• Floriculture
• Landscaping
• Other Applications

Regions Covered:

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

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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