Soil Amendment Market

Soil Amendments Market Insights

Soil amendments are the additives that are combined to improve the physical and chemical properties of the soil. Soil conditioners are also termed as soil amendments. Water retention, aeration, and root growth are the properties that are maintained and enhanced with the additions of soil amendments. COVID19 has impacted the supply and distribution, resulting in the declination of revenue generation in agriculture. Yet, the increasing demand by end-user for daily consumption is set to bring the augmentation back on course.

According to the report published by Global Market Estimates Research & Consultants, the soil amendments market is indicated to register an essential augmentation of 10.7% during the forecast period (2020-2026).

Lower generation of employment in the agriculture sector may cause a hindrance, yet the increase in demand for high-value crops, awareness of soil health management, and changing climatic conditions are the factors soaring the development of the global market.

Soil Amendments Market: By Type

Organic and inorganic are the various types of soil amendments witnessed in the global market. Polysaccharide derivatives, humic acid, and biofertilizers are a variety of organic soil amendments whereas, gypsum and other inorganic amendments (calcium carbonate, dolomite, crushed shells, and marlstone) are the categories of inorganic soil amendments. The segment to account for the extensive market share is organic soil amendments. An increase in research & development activities in agriculture is one of the major drivers expected to aid the growth of the market. An increase in nutrients contents, water holding capacity, and root growth are the reasons for the organic soil amendments to be projected to be popular in the forecast period.

Soil Amendments Market: By Type of Crop

Based on the crop, the market bifurcation can be seen as cereals & grains, fruits & vegetables, oilseeds & pulses, and other crop types. Fruits & vegetables are seen to be growing upwardly in the forecast period. An increase in foreign direct investments is one of the drivers which is outlooked to sustain the augmentation. This factor is supplemented by the growing initiatives taken by regulatory bodies to improve international sales.

Soil Amendments Market: By Type of Soil

Loam, silt, clay, sand are the discrete types of soils seen in the soil amendments industry. The loam soil is estimated to lead the market growth between 2020-2026. Loam soil is the combination of equal parts of silt, clay, and sand. This combination of three soil makes the loam soil favorable for plant growth. The texture of the soil is soft & crumbly and can be worked across a broad variety of damp conditions. Though loam soil has multiple advantageous properties, the soil can easily erode due to extreme weather conditions like floods and tornadoes as the loam soil have a tenor to detach its soil particles therefore, the transportation of soil gets easy. The applications of loam soil can be seen in gardening particularly, used to cultivate fruits and vegetables. Increasing demand for organic foods is the primary deduction for the development of the segment. This can be linked to the unfortunate adoption of junk food and unhealthy diets leading to increasing cases of diseases across the globe.

Soil Amendments Market: By Type of Form

Liquid forms and dry forms are the forms of the soil amendments market. The liquid form is projected to the largest revenue contributor towards the growth of the global soil amendments market. Though dry form higher shelf life, farmers prefer the liquid form of soil amendments due to properties like high nutrients sustainability and efficacy rate of the soil. The increasing adoption of hydrogel technology is rated to be the accelerator towards the progression of the global market.

Soil Amendments Market: By Region

Based on the regional analysis, the Asia Pacific region is regarded to enhance market growth in the coming years. Hike in soil degradation, higher rural population, and abundant availability of fertile lands are the propellors accentuating the global soil amendments market.

Market Share and Competitor Analysis

FMC Corporation, Nufarm, UPL Ltd., Bayer AG, ADAMA Agricultural Solutions Ltd., BASF SE, and other industries are the dominant players in this market.

Please note: This is not an exhaustive list of companies profiled in the report.

In May 2020, ADAMA Agricultural Solution Ltd. announced that it would acquire the remaining share of the Alfa Agricultural Supplies.