DUBLIN--(BUSINESS WIRE)--The "Soil Amendments Market by Type (Organic and Inorganic), Soil Type (Loam, Clay, Silt, and Sand), Crop Type (Cereals & Grains, Fruits & Vegetables, and Oilseeds & Pulses), Form (Dry and Liquid), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The soil amendments market is estimated at USD 2.94 billion in 2020 and is projected to grow at a CAGR of 10.7%, to reach USD 4.88 billion by 2025.
Factors such as the changing climatic conditions, growing concerns regarding soil health, and the rising demand for high-value crops are projected to drive the growth of this market. The incorporation of soil amendments into fertilizer formulation provides growth opportunities for manufacturers in the soil amendments market. However, the supply of adulterated and low-quality products is projected to inhibit the growth of the market.
The organic segment is projected to grow at the highest CAGR during the forecast period
Soil amendments are classified into two broad categories, namely, organic and inorganic soil amendments. Organic soil amendments are sourced from natural materials, while inorganic soil amendments are either mined or man-made.
The application of organic matter as a key substrate for agricultural crops and beneficial microorganisms is gaining the interest of plant pathologists, agronomists, regulators, and growers. These organic inputs provide vigor and nutrients to the soil, leading to a considerable change in the root environment, which is appropriate for the survival of crops and the proliferation of microorganisms. Moreover, the increasing shift toward organic farming, awareness about soil health quality, and promotion by governments to use organic amendments are factors that offer major growth opportunities for organic soil amendment manufacturers in the market.
The fruits & vegetables segment is projected account for the largest market share during the forecast period
By crop type, the soil amendments market is segmented as cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. The dominance of the fruits & vegetables segment is attributed to the increasing consumption of soil amendments for these crops, particularly in the Asia Pacific and North American countries. The use of soil amendments on fruits and vegetables helps to increase the organic content of the soil and enhances the root growth.
The soils treated with soil amendments, when used for floriculture in greenhouses and nursery crops, show an effective increase in water-holding capacity, thereby reducing the continuous need for irrigation. Due to these factors, the segment is projected to grow at the highest CAGR during the forecast period. North America held the largest share in the soil amendments market for the fruits & vegetables segment, majorly due to the high production of crops, including tomatoes, potatoes, grapes, and pepper.
The liquid segment is projected to grow at the highest CAGR during the forecast period
By form, the soil amendments market is segmented into liquid and dry. The liquid form is projected to remain the most popular technique among farmers due to its effectiveness in the application of soil amendments and associated benefits, such as high application capability and efficacy rate over dry forms.
In addition, liquid biofertilizer dosages are ten-times less as compared to dry (carrier-based powder) biofertilizers and require few labors for its application, which encourages its global acceptance.
- Easier Availability of Humic Substances as Raw Materials
- Strong Market Demand From Organic Food Products and High-Value Crops
- Initiatives By Government Agencies to Promote the Use of Organic Amendments
- Growing Awareness About Soil Health Management
- Supply of Adulterated and Low-Quality Products
- Short Shelf Life of Soil Amendments
- Incorporation of Soil Amendments Into Fertilizer Formulations
- Lack of Awareness Among Farmers
- BASF SE
- FMC Corporation
- Evonik Industries AG
- Novozymes A/S
- T.Stanes & Company
- Lallemand Inc
- SA Lime & Gypsum
- Timac Agro
- Biosoil Farms
- Profile Products LLC
- The Fertrell Company
- Haifa Group
- Soil Technologies Corporation
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