Soil Amendments Market

Global Soil Amendments Market Size (2024 to 2032)

The global soil amendments market was valued at USD 4.2 billion in 2023 and is anticipated to reach USD 4.66 billion in 2024 from USD 10.57 billion by 2032, growing at a CAGR of 10.8% from 2024 to 2032.

Market Drivers

The easy availability of humic substances, which can be used as raw materials, is expected to drive the soil amendments market. In terrestrial and aquatic environments, there is a wide distribution of humic substances that contain organic carbon-containing materials. Asia-Pacific region, followed by Europe, leads the market in terms of human substance consumption. The easy and low-cost availability of the humic substance in these regions, mainly in China and India, is driving the market.

The rising demand for food and agricultural commodities in certain regions where there is an increase in the population is expected to drive the soil amendments market. The rising population, along with limited arable land, low farm yields, and degradation in the environmental conditions and soil conditions, is raising the demand for soil amendments. The soil amendments help improve soil health, and an increase in yield can be seen, which helps provide food to the increasing population. The countries like India and China in the Asia-Pacific region have an important position in the global food chain. The region accounts for the maximum share of the food and agricultural commodities exports and imports.

Market Restraints

The availability of fake or imitating products in the industry is one of the major challenges in the soil amendments market. There has been an increase in such products in the past few years. The lower cost of production of such products suppresses the demand for the original products. This results in a greater loss for the company and industry. The unawareness and difficulty in identifying the fake products from the original soil amendments by the farmers due to similar features and chemical properties are also a major concern. One such case can be seen in the biofertilizers, where the fake products have poor microbial content and improper strain along with the contaminated products. Thus, such kinds of activities and products will restrain the overall growth of the market across the globe.

The lack of awareness among farmers about the quantity of the product application is one of the challenging factors for the market, causing lower adoption rates for soil amendments. This is further strengthened by the lack of training and efficient knowledge of the users regarding the handling of the product, which is decreasing the demand for the product among the users. More availability and ease of access to chemical fertilizers than soil amendments are also two of the causes for the low adoption rate. Most underdeveloped and developing countries have farmers who are unaware of the proper usage and availability of the various products related to soil nutrition, which tends to be a restraint for the soil amendments market growth in such regions.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Soil Amendments Market By Type

Organic types are expected to hold a significant demand in the soil amendments market during the forecast period. The demand for organic products is increasing with the awareness about the healthy diet, lifestyles, and urbanization. Organic food production requires manure, food waste, earthworm compost, and others. The expansion in the agricultural sector will impact the consumption of organic land conditioners for cultivation. The rise in awareness about organic conditioners is anticipated to raise the demand for the market.

Global Soil Amendments Market By Soil Type

In the soil amendments market, Clay soil type is anticipated to have a wide range of applications in construction, pottery, gardening, and many other uses, making it a fast-growing segment during the research period. Land amendments help to increase the porosity, prevent crusting, and prevent soil erosion in the clay soils. Soil amendments can help in the healthy growth of the plants in the clay soil with frequent amendments. The addition of gypsum to the soil adds calcium and sulphur, resulting in the reduction of problems for plant growth.

Global Soil Amendments Market By Crop Type

The fruits and vegetables segment is expected to have a high share and grow with a high CAGR in the soil amendments market during the forecast timeline. The increase in demand for fruits and vegetables that come under high-value crops is driving the market as awareness about the healthy food diet and the inclusion of nutritious fruits into daily food diets increases. Along with this, the growing trend in organic food also promotes market growth. The soil amendments mainly help in the proper growth of the plant by providing healthy nutrition to the soil, and roots also amend the soil if required, which strengthens the market growth.

Global Soil Amendments Market By Form

The dry segment is anticipated to have a large market share in the soil amendments market. The growth of the market is attributed to the widespread agriculture and broad application of soil amendments for the growth of plants and soil health. The easy handling combined with convenient storing and application drives the market in soil amendments in the dry form.

REGIONAL ANALYSIS

The rapid growth in residential gardening in the U.S. and North America will give the region a considerable share in the soil amendments market. According to a few reports, the government is expected to build city parks in urban areas. We can see an increase in home gardening, including the cultivation of vegetables, which can be seen as a rapid increase in the Mexico region. In such regions, various types of soil amendments and plant & soil nutrients are provided. The presence of different manufacturing companies in the region will drive the market by developing various products that maximize the economic return to the growers.

The Asia-Pacific region is anticipated to grow at a fast pace in the soil amendments market. The large, populated countries in this region are India and China, where the demand for food is higher but have limited agricultural land, which couldn’t compensate for the prevailing demand for food. The declining soil nutrition and agricultural land are the most favored factors for the development of the market. Several players in the market are adopting different strategies to overcome the challenges in agriculture soil health and improve soil health. Several companies in the region can help to have better plant growth by adopting various promoting strategies and products to improve soil health.

KEY PLAYERS IN THE GLOBAL SOIL AMENDMENTS MARKET

BASF SE; Novozymes; Lallemand Inc; FMC Corporation; UPL Limited; Bayer; Adama; Evonik Industries; T Stanes & Company; Nufarm; Oro Agri Europe S.A.; Saint-Gobain; Greenfields Eco Solutions Pvt. Ltd; Gujarat State Fertilizers and Chemicals Limited, and SANOWAY GmbH are some of the major key players involved in this market.

RECENT HAPPENINGS IN THE GLOBAL SOIL AMENDMENTS MARKET                                                

• In 2022, Agrostart, an innovative platform to inspire new digital solutions in the agriculture sector, was launched by BASF SE.
• In 2022, Horticoop Andina, an Ecudor-based company, was acquired by Haifa Group. Horticoop Andina is a wholesaler specializing in marketing nutritional products for agriculture. This acquisition will increase the presence of Haifa in Latin America and Ecuador and will have the status of an international super-brand in advanced plant nutrition.
• In 2022, a new Applied Technology Center (ATC) was opened by Evonik in Americana, Sao Paulo, Brazil. The new collaboration enables them to respond fast to their agro-customer needs. The new center helps expand local capabilities to produce biocompatible solutions.
• In 2021, the Natural Plant Protection (NPP) business unit had the natural and biological-derived agriculture inputs and technologies launched by UPL Limited. It acts as a stand-alone brand and strengthens the existing bio-solutions portfolio, which accounts for 7% of total revenues. It has a network of research and development laboratories and facilities across the globe.

DETAILED SEGMENTATION OF THE GLOBAL SOIL AMENDMENTS MARKET INCLUDED IN THIS REPORT

This research report on the global soil amendments market is segmented and sub-segmented into the following categories.

By Type

• Organic
• Inorganic

By Soil Type

• Sand
• Loam
• Clay
• Slit

By Crop Type

• Cereals & grains
• Oilseeds & Pulses
• Fruits and Vegetables

By Form

• Dry
• Liquid

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa