Soil Amendments Market Size, Analysis, Share & Forecast 2031
Soil Amendments Market Size, Analysis, Share & Forecast 2031
Segments - Soil Amendments Market by Type (Inorganic, Polysaccharide derivatives, Lime, Gypsum, Biofertilizers, Seaweed, Humic Acid, and Organic), Soil Type (Slit, Clay, Loam, and Sand), Crop Type (Fruits & Vegetables, Oilseeds & Pulses, and Cereals & Grains), Form (Liquid and Dry), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-4434
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Report Description
The global soil amendments market size was around USD 3.7 Bn in 2022 and is estimated to reach USD 7.9 Bn by 2031, expanding at a CAGR of 10.8% during the forecast period, 2023–2031. The growth of the market is attributed to increasing population resulting in rising demand for food & agriculture.
Soil amendments widen the gap between soil particles, allowing the soil to absorb and retain more water. Soil supplements, which comprise soil conditioners and fertilizers, improve plant development and water retention by making the soil more appropriate for plant growth. Soil additives can be used to improve native, disturbed, or compacted soils.
Pollutants can be removed from amended soils by precipitation, filtration, and bacterial and chemical degradation. Farmers can boost soil health and reduce the usage of conventional fertilizers and synthetic which create an environmentally aware agricultural experience. Using amendments can reduce fossil fuel use and air pollution. It improves the coarse-textured soils by increasing the water and nutrient-holding capacity. Furthermore, soil amendments are usually used to increase soil structure, microbiological activity, and nutrient composition of the soil.
The Covid-19 pandemic affected the market growth owing to a decline in the demand and supply of soil amendments. The launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period. The demand and supply of construction materials are affected due to restrictions imposed around the world to stop the outbreak. This interrupts manufacturing procedures across the world.
Soil Amendments Market Dynamics
Key Drivers
Easy availability of humic compounds is projected to drive the market during the forecast period. Humic substances circulate organic carbon-containing materials in aquatic and terrestrial environments.
Growing concerns regarding soil health issues and climate change and the increasing demand for high-margin crops are fuelling market growth. The manufacturers of soil amendment are mixing new types of soil amendments into fertilizer formulations.
The rising number of landfills, superfund sites, and mining sites leads to the degradation of soil in North America. This results in great damage to crop productivity as degraded soil does not have enough nutrients and organic content. Thus, soil amendments are expected to replace such fertilizers worldwide.
Existing Restraints
Increasing supply of contaminated and low-quality products is expected to hamper the soil amendments market. Moreover, the availability of counterfeit products and lack of awareness among farmers about soil amendments is likely to restrain the market in the coming years. The low shelf life of soil amendments is projected to restrain the market. Soil amendments are important for plants but market conditions make it problematic to find accurate amendments for consumer needs. This hampers the market.
Emerging Opportunities
R&D investments in the field of agriculture are expected to create lucrative opportunities for the market players. The rapid expansion of innovation in the agriculture sector, the development of agricultural practices, and the demand for enhanced soil treatment products are fueling the market. Furthermore, increasing initiatives by government agencies to promote organic amendments are likely to propel the market.
Scope of the Soil Amendments Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Soil Amendments Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Inorganic, Polysaccharide derivatives, Lime, Gypsum, Biofertilizers, Seaweed, Humic Acid, and Organic), Soil Type (Slit, Clay, Loam, and Sand), Crop Type (Fruits & Vegetables, Oilseeds & Pulses, and Cereals & Grains), and Form (Liquid and Dry) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Nufarm Canada; Evonik Industries AG; T.Stanes and Company Limited; Horticoop Andina; Lallemand Inc.; Novozymes; Bayer AG; ADAMA; FMC Corporation; UPL; and BASF SE. |
Market Segment Insights
In terms of type, the soil amendments market is fragmented into inorganic, polysaccharide derivatives, lime, gypsum, biofertilizers, seaweed, humic acid, and organic. The organic segment is anticipated to hold a key share of the market during the forecast period. Increasing demand for organic soil additives to address chemical, biological, and physical aspects of soil is driving the market.
Organic matter improves soil nutrient and water content, nutrient and water retention capabilities, and cation exchange capacity. It improves the pH and texture of the soil and provides energy to microorganisms.
On the basis of soil type, the market is segregated into slit, clay, loam, and sand. The loam segment is expected to expand at a significant growth rate during the projection period, owing to the rising usage of loamy soil in cultivating high-value crops, notably fruits, and vegetables. Loamy soil is a mixture of silt, clay, and sand with a variety of soil particle sizes.
This soil allows water to flow slowly, due to its porous nature. Loose soil allows air to mingle with the soil, which is necessary for plant growth. Rotational farming is typically performed on loamy fields, which is estimated to boost demand for agrochemicals such as soil supplements.
The clay segment is anticipated to grow at a significant pace in the coming years. Clay has a great molding capacity. Thus, it can be molded in various shapes by adding water, and organic & inorganic land conditioners to it. It is extensively used in the ceramic industry for making household appliances, pots, and pipes. Furthermore, it is used for making walls, ceramic tiles, and floors.
According to the article published by Prasar Bharti, in April 2022, India achieved a record of USD 3,464 million in exporting ceramics and glassware products between 2021 and 2022. Moreover, clay soil is used in land amendments to increase the pores, stop erosion, and prevent crusting.
Based on crop type, the soil amendments market is segmented into fruits & vegetables, oilseeds & pulses, and cereals & grains. The oilseeds & pulses segment is projected to expand at a considerable CAGR during the projected period, due to the increasing usage of oilseeds, such as soybean, to feed animals in different forms and for the manufacturing of renewable chemicals and biodiesel. This is one of the primary reasons for boosting soybean yields, which drives the use of biofertilizers as soil amendments.
On the basis of form, the market is bifurcated into liquid and dry. The liquid segment is expected to register a robust growth rate during the assessment period, owing to the large availability of soil supplements in the liquid form and longer shelf life. Benefits associated such as better efficacy rate and application capability of liquid form are likely to boost the segment.
In terms of region, the global soil amendments market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period. One of the major causes contributing to soil deterioration in North America is the increase in industrial events. Furthermore, North America is home to various mines, which are liable for bare soil land and causes rain and wind erosion
Segments
The soil amendments market has been segmented on the basis of
Type
- Inorganic
- Polysaccharide derivatives
- Lime
- Gypsum
- Biofertilizers
- Seaweed
- Humic Acid
- Organic
Soil Type
- Slit
- Clay
- Loam
- Sand
Crop Type
- Fruits & Vegetables
- Oilseeds & Pulses
- Cereals & Grains
Form
- Liquid
- Dry
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Nufarm Canada
- Evonik Industries AG
- T.Stanes and Company Limited
- Horticoop Andina
- Lallemand Inc.
- Novozymes
- Bayer AG
- ADAMA
- FMC Corporation
- UPL
- BASF SE
Competitive Landscape
Key players competing in the global soil amendments market are Nufarm Canada; Evonik Industries AG; T.Stanes and Company Limited; Horticoop Andina; Lallemand Inc.; Novozymes; Bayer AG; ADAMA; FMC Corporation; UPL; and BASF SE. These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
- In March 2022, Horticoop Andina was acquired by Haifa Group a wholesaler specializing in the distribution of agricultural nutritious goods. The organization intends to expand its footprint in Latin America.
- In May 2022, Evonik unveiled its Applied Technology Center (ATC) in Brazil, which includes cutting-edge laboratories and pilot plants.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Soil Amendments Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Soil Amendments Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Soil Amendments Market - Supply Chain
4.5. Global Soil Amendments Market Forecast
4.5.1. Soil Amendments Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Soil Amendments Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Soil Amendments Market Absolute $ Opportunity
5. Global Soil Amendments Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Soil Amendments Market Size and Volume Forecast by Types
5.3.1. Inorganic
5.3.2. Polysaccharide derivatives
5.3.3. Lime
5.3.4. Gypsum
5.3.5. Biofertilizers
5.3.6. Seaweed
5.3.7. Humic Acid
5.3.8. Organic
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Soil Amendments Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Soil Amendments Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Soil Amendments Demand Share Forecast, 2019-2026
7. North America Soil Amendments Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Soil Amendments Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Soil Amendments Market Size and Volume Forecast by Types
7.4.1. Inorganic
7.4.2. Polysaccharide derivatives
7.4.3. Lime
7.4.4. Gypsum
7.4.5. Biofertilizers
7.4.6. Seaweed
7.4.7. Humic Acid
7.4.8. Organic
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Soil Amendments Demand Share Forecast, 2019-2026
8. Latin America Soil Amendments Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Soil Amendments Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Soil Amendments Market Size and Volume Forecast by Types
8.4.1. Inorganic
8.4.2. Polysaccharide derivatives
8.4.3. Lime
8.4.4. Gypsum
8.4.5. Biofertilizers
8.4.6. Seaweed
8.4.7. Humic Acid
8.4.8. Organic
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Soil Amendments Demand Share Forecast, 2019-2026
9. Europe Soil Amendments Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Soil Amendments Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Soil Amendments Market Size and Volume Forecast by Types
9.4.1. Inorganic
9.4.2. Polysaccharide derivatives
9.4.3. Lime
9.4.4. Gypsum
9.4.5. Biofertilizers
9.4.6. Seaweed
9.4.7. Humic Acid
9.4.8. Organic
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Soil Amendments Demand Share Forecast, 2019-2026
10. Asia Pacific Soil Amendments Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Soil Amendments Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Soil Amendments Market Size and Volume Forecast by Types
10.4.1. Inorganic
10.4.2. Polysaccharide derivatives
10.4.3. Lime
10.4.4. Gypsum
10.4.5. Biofertilizers
10.4.6. Seaweed
10.4.7. Humic Acid
10.4.8. Organic
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Soil Amendments Demand Share Forecast, 2019-2026
11. Middle East & Africa Soil Amendments Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Soil Amendments Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Soil Amendments Market Size and Volume Forecast by Types
11.4.1. Inorganic
11.4.2. Polysaccharide derivatives
11.4.3. Lime
11.4.4. Gypsum
11.4.5. Biofertilizers
11.4.6. Seaweed
11.4.7. Humic Acid
11.4.8. Organic
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Soil Amendments Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Soil Amendments Market: Market Share Analysis
12.2. Soil Amendments Distributors and Customers
12.3. Soil Amendments Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Nufarm Canada
12.4.2. Evonik Industries AG
12.4.3. T.Stanes and Company Limited
12.4.4. Horticoop Andina
12.4.5. Lallemand Inc.
12.4.6. Novozymes
12.4.7. Bayer AG
12.4.8. ADAMA
12.4.9. FMC Corporation
12.4.10. UPL
12.4.11. BASF SE
Methodology
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