Soil Amendments Market, By Type (Organic and Inorganic), By Soil Type (Loam, Silt, Clay, and Sand), By Crop Type (Cereals & Grains, Fruits & Vegetables, and Oilseeds & Pulses), By Form (Dry and Liquid), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Soil amendments are organic or inorganic substance added to the soil to improve texture, water retention, aeration or drainage. Rocky or sandy soil needs amendments to improve the texture and add water retention properties. Clay soils needs the addition of material to improve texture, drainage and aeration. Soil amendments come in a variety of sources. There are two types of soil amendments such as organic and inorganic amendments. Organic amendment includes sphagnum peat, biosolids, wood ash, grass clippings etc. Whereas, Inorganic amendments includes vermiculite, pea gravel, sand etc. Compost is considered as one of the best components for the garden beds. Soil amendments are mixed into the soil for the achievement of better soil composition for better yield. Before the time of planting, soil amendments are mixed into the new lawns and gardens under regular cultivation. The main purpose of adding soil amendments is to increase water holding capacity, balancing pH, re-establishing microbial communities, adding alleviating compaction. Soil amendments market accounted for US$ 3.7 billion in 2020 and is estimated to be US$ 10.15 billion by 2030 and is anticipated to register a CAGR of 10.7%.

Adoption of precision farming techniques

Emerging economies are adopting precision farming techniques to improve their agricultural yield. Precision farming includes managing of soil quality and crop growth with the help of electronic equipment, accurate record-keeping, remote sensing, and computer models. One of the main roles of precision farming is to monitor soil quality by tracking the record of nitrates, moisture, and electrical conductivity. This type of farming is largely experienced in areas where technology is advanced and labor is expensive such as in the developed markets of North America and Europe. This type of farming increases the average yield, decreases crop wastage, and enhances crop & soil quality.

The agricultural section of every country has undertaken certain rules and regulations regarding the usage of synthetic agrochemicals. Some products have negative effects on the soil and water, thus, leading to health and crop hazards. Regulatory intervention in the form of new standards and legislation had a remarkable impact on the global amendments market. Therefore, key players of these amendment in the market must manage with the introduction of new rules by regulating their raw material usage and manufacturing processes depending on respective laws.

Soil amendments market is segmented based on type, soil type, crop type, form, and region.

On the basis of type, the soil amendments market is segmented into organic and inorganic. Based on soil type, the soil amendments market is segmented into loam, silt, clay, and sand. Based on crop type, the soil amendments market is segmented into cereals & grains, fruits & vegetables, and oilseeds & pulses. Based on form, the soil amendments market is segmented into dry and liquid.

Regional Insights:

Soil amendments market accounted for US$ 3.7 billion in 2020 and is estimated to be US$ 10.15 billion by 2030 and is anticipated to register a CAGR of 10.7%. On region the soil amendments market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is register to be a major market for agricultural products on account of significantly high rural population, favorable climatic conditions, and large fertile lands. In addition, the regional market is experiencing rapid soil degradation and infrastructure inadequacy. Increased agricultural activities along with expanding population is projected to result in high dependency on conditioners on account of immediate reuse of land. North America accounts for second-highest market for soil amendments. The U.S. is one of the main crop-manufacturing countries globally and is categorized by technological innovation in farming methods and a robust regulatory framework supporting market dynamics. It is one of the major manufacturers of maize and wheat.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the soil amendments market report based on type, soil type, crop type, form, and region.

Soil Amendments Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the soil amendments market includes BASF SE, Syngenta AG, Novozymes A/S, Eastman Chemical Company, Adeka Corporation, The DOW Chemical Company, Solvay S.A., Akzo Nobel N.V., Evonik Industries AG, and Vantage Specialty Chemicals, Inc. The market is highly competitive with presence of numerous major players coupled with regional and local participants. Prominent players have majorly undertaken the merger & acquisition strategies in order to expand their current portfolio of amendments and tap lucrative opportunities. For instance, in February 2019, UPL declared the completion of this acquisition of Arysta Life Science, which is projected to help UPL improve its global position and strengthen its product scope.

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