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Soil Amendments Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Soil Amendments Market
The Business Research Company's Soil Amendments Global Market Report 2023 identifies the increasing concern about soil degradation as the major driver for the soil amendments market's growth in the forecast period. Soil degradation refers to the loss of soil quality or fertility due to natural or human-induced factors. The increasing concern about soil degradation is mostly driven by intensive agriculture practices, deforestation, urbanization, and climate change, to address these issues, the amendments are in soil that improves soil quality by re-establishing microbial populations, balancing pH, adding organic matter, boosting water holding capacity, and reducing compaction.
The global soil amendments market size is expected to grow from $3.75 billion in 2022 to $4.20 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global soil amendments market size is expected to reach $6.25 billion in 2027 at a CAGR of 10.4%.
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Major competitors in the soil amendments market are BASF SE, UPL Limited, FMC Corporation, Adama Agricultural Solutions Ltd, Bayer AG, Novozymes A/S, Lallemand Inc., T Stanes & Company, Evonik Industries AG, Nufarm Ltd., DOW Chemical Company, Greenfield Eco Solutions Pvt. Ltd, Gujarat State Fertilizers and Chemicals Limited, Oro Agri Europe S.A, Saint-Gobain Group, SANOWAY GmbH, Eastman Chemical Company, Vantage Specialty Chemicals Inc., Clariant International AG, and Croda International PLC.
A key trend in the soil amendments market includes technological advancement. Major companies operating in soil amendments market are concentrating their efforts on creating innovative solutions to strengthen their position in the market. For instance, June 2020, Mirimichi Green, a US-based provider of effective earth solutions launched Essential-G, a new, prilled soil amendment. Essential-G combines the most vital ingredients for amending the soil made of silicon, recycled coffee grounds, premium composts, humates, and USDA Certified Biobased Carbon (biochar), and is supported by Mirimichi Green's CarboMatrix technology. Any typical push-behind spreader can distribute Essential-G with ease to its optimum consistency.
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The soil amendments market is segmented -
• By Soil Type: Clay, Sand, Loam, Silt
• By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And vegetables, Other Crop Types
• By Product: Organic, Inorganic
• By Form: Dry, Liquid
• By Application: Construction And Mining, Agriculture And Gardening, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the soil amendments market.
The Business Research Company's "Global Soil Amendments Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Soil Amendments Market Include:
1. Executive Summary
2. Soil Amendments Market Characteristics
3. Soil Amendments Market Trends And Strategies
4. Soil Amendments Market - Macro Economic Scenario
5. Soil Amendments Market Size And Growth
……
26. Africa Soil Amendments Market
27. Soil Amendments Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Soil Amendments Market
29. Soil Amendments Market Future Outlook and Potential Analysis
30. Appendix
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