Soil Amendments Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UK, August 13, 2024 /EINPresswire.com/ -- The soil amendments market has experienced robust growth in recent years, expanding from $4.2 billion in 2023 to $4.68 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to government subsidies and incentives, soil erosion concerns, organic farming trends, crop rotation practices, awareness and education.
Strong Future Growth Anticipated The soil amendments market is projected to continue its strong growth, reaching $6.89 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to precision agriculture adoption, climate change adaptation, regenerative agriculture practices, government regulations, circular economy initiatives.
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Growth Driver Of The Soil Amendments MarketThe increasing concern about soil degradation is expected to propel the growth of the soil amendments market going forward. 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.
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Major Players And Market TrendsKey players in the soil amendments market include BASF SE, UPL Limited, FMC Corporation, Adama Agricultural Solutions Ltd., Bayer AG, Novozymes A/S, Lallemand Inc.Major companies operating in the soil amendments market are focused on developing technological innovations, such as crop fertilizer and soil amendment technology, to gain a competitive edge in the market. Crop fertilizer and soil amendment technology are crucial elements in modern agriculture, contributing to improved crop yields, enhanced soil health, and reduced dependence on synthetic chemicals.
Segments:1) By Soil Type: Clay, Sand, Loam, Silt2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And vegetables, Other Crop Types3) By Product: Organic, Inorganic4) By Form: Dry, Liquid5) By Application: Construction And Mining, Agriculture And Gardening, Other Applications
Geographical Insights: North America Leading The MarketNorth America was the largest region in the soil amendments market in 2023. The regions covered in the soil amendments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Soil Amendments Market DefinitionSoil amendments refer to substance applied to soil to enhance its physicochemical or biological characteristics. It is commonly used to create a better environment for plant growth by enhancing soil fertility, and water-holding capacity.
Soil Amendments Global Market Report 2024 from The Business Research Company covers the following information:• Market size data for the forecast period: Historical and Future• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.The Soil Amendments Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on soil amendments market size, soil amendments market drivers and trends, soil amendments market major players, soil amendments competitors' revenues, soil amendments market positioning, and soil amendments market growth across geographies. The soil amendments market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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August 13, 2024, 14:15 GMT
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