Soil Amendment Market (Type - Organic, and Inorganic; Soil Type - Clay, Sand, Loam, and Silt; Crop Type - Fruits and Vegetables, Oilseeds and Pulses, Cereals and Grains, and Others; Form - Dry, and Liquid): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on soil amendment market provides in-depth analysis of segments and sub-segments in the global as well as regional soil amendment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional soil amendment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global soil amendment market.

Market Insight:

The global soil amendment market was valued at USD 3.88 billion in 2022 and is expected to reach USD 8.95 billion in 2030, with a CAGR of 11.02% during the forecast period 2023-2030.

The process of enhancing the physical, chemical, and biological characteristics of soil to improve its fertility, structure, and average productivity is known as soil amendment. To optimize the soil's nutrient content and water retention capacity, a variety of items are added to it in addition to naturally occurring minerals, dependent plants, and other materials. Additionally, the application of soil amendments in agriculture is also sustainable. Farmers may increase crop yields and quality, reduce the need for synthetic fertilizers and pesticides, and support long-term environmental sustainability by enhancing soil health and fertility. In addition to increasing agricultural productivity, sustainable soil management techniques support water conservation, carbon sequestration, and environmental resilience. This objective aligns with the main goal of striking a harmonic balance between environmental preservation and productivity in agriculture. The purpose is to steady food sources whilst mitigating unfavorable outcomes in the surroundings.

Increasing awareness of environmental concerns and the rising demand for sustainable agriculture are driving the soil amendment market. Farmers are searching for environmentally friendly solutions that will improve agricultural yields, improve soil fitness, and reduce their impact on the environment. The soil modification industry is seeing a rise in innovation and market share due to the increasing need for sustainable practices. Additionally, rapid global population growth and escalating food demand are intensifying the necessity for improved soil productivity. Increasing fertility and promoting environmentally friendly farming practices through soil amendments allows farmers to meet the growing need for food production while preserving ecological balance and promoting efficiency. However, an obstacle to the widespread use of soil modifying processes is farmers' absence of data. Moreover, biotechnological advancements and innovative product formulations offer promising opportunities for the soil amendment market. Cutting-edge technologies contribute to the development of effective and sustainable soil amendments, creating avenues for enhanced agricultural productivity.

The largest market share is held by the North America region, with the United States and Canada leading the way in adopting soil amendment products. The region's supremacy can be attributed to advanced farming methods, significant research and development expenditures, and an increasing preference for organic farming methods. Moreover, the Asia-Pacific region has emerged as the fastest-growing market for soil amendments. Demand for soil improvement products is surging in countries such as China and India due to the expansion of the agriculture sector, population growth, and increased disposable incomes. The importance of healthy soil in boosting crop yields and guaranteeing food security is becoming increasingly apparent to farmers in these areas. Using government initiatives that support environmentally friendly farming practices and sustainable agriculture is another approach to boost the adoption of soil amendments.

Report Scope of the Soil Amendment Market:

Segment wise revenue contribution in the global soil amendment market

The report on global soil amendment market provides a detailed analysis of segments in the market based on Type, Soil Type, Crop Type, and Form.

Segmentation Based on Type

·       Organic

·       Inorganic

Segmentation Based on Soil Type

·       Clay

·       Sand

·       Loam

·       Silt

Segmentation Based on Crop Type

·       Fruits and Vegetables

·       Oilseeds and Pulses

·       Cereals and Grains

·       Others

Segmentation Based on Form

·       Dry

·       Liquid

Company Profiled:

·       Nufarm

·       FMC Corporation

·       Novozymes

·       T.Stanes and Company Limited

·       ADAMA

·       BASF SE

·       UPL Limited

·       Coromandel

·       Saint-Gobain Group

·       Evonik Industries AG

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the soil amendment market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.