Soil Amendments Market to be Dominated by Oilseeds & Pulses Segment by 2028
Increasing industrialization
leading to soil degradation is expected to drive Global Soil Amendments Market
in the forecast period 2024-2028.
According to TechSci Research
report, “Soil Amendments Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028F”, the Global Soil Amendments Market
is anticipated to grow at a steady rate in the forecast period 2024-2028. This
can be ascribed to the growing demand of soil amendments in improving soil
quality by mixing soil amendments such as humic acid with soil.
The use of high-quality soil
amendments in organic farming practices plays a crucial role in enhancing soil
fertility, improving crop productivity, and meeting the growing demand for
organic food. Soil amendments are an integral part of organic farming systems,
which prioritize soil health and sustainability. Organic farmers increase soil
fertility, encourage beneficial microbial activity, and increase nutrient
availability by using organic amendments like compost, manure, and other
natural inputs. These improvements provide the soil with organic matter,
necessary nutrients, and advantageous microbes, enhancing plant growth and
ensuring the production of superior organic harvests.
Usage of better soil amendments
in organic farming leads to nutrient-dense organic products. Soil amendments
help improve the nutrient content and bioavailability of the soil, allowing
crops to absorb essential nutrients more efficiently. As a result, organic
products tend to have higher nutritional value, including increased levels of
vitamins, minerals, antioxidants, and other beneficial compounds. This nutrient
richness is a significant driver leading to the increasing popularity of
organic food and rising soil amendments, as consumers seek healthier and more
nutritious options. Also, organic amendments provide a habitat and food source
for beneficial soil microorganisms, such as bacteria, fungi, and earthworms.
These microorganisms play a crucial role in nutrient cycling, disease
suppression, and soil organic matter decomposition. By promoting microbial
activity, soil amendments contribute to the overall health and functioning of
the soil ecosystem.
By improving soil health and
nutrient management, amendments contribute to more sustainable farming
practices. They support soil conservation, reduce the need for synthetic
inputs, enhance carbon sequestration in the soil, and minimize the environmental
impact associated with conventional farming practices. Soil amendments play a
vital role in promoting biodiversity, protecting ecosystems, and mitigating
climate change.
Organic farming practices,
supported by proper soil amendments, eliminate the use of synthetic pesticides,
herbicides, and fertilizers. This greatly lowers the possibility of chemical
contamination in organic products, making them a favored option for people who
are health conscious. Organic food's popularity is mostly owing to the lack of
chemical residues, since customers want to reduce their exposure to potentially
dangerous compounds creating a huge demand for soil amendments, improving soil
quality.
However, by enhancing the soil's
capacity to hold water and nutrients, soil amendments aid in the improvement of
soil structure. Organic matter and other amendments promote soil aggregation,
which opens up pores and increases soil's ability to store water. As a result,
there is less water runoff, less soil erosion, and more water is available to
plant roots, benefiting plants to ensure maximum nutrient uptake and reducing
chances of soil leaching and degradation.
Moreover, the major restraining
factor hampering the growth of Soil Amendments Market is the availability of
low quality or altered soil amendment products by the low-level companies.
Additionally, less awareness of soil amendments among the farmers is a main
constraint hampering the soil amendments market growth.
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Based on type, the market is
segmented into Organic and Inorganic. The organic segment is dominating the
market in 2022 and is expected to grow at the faster rate during the forecast
period. Organic soil amendment segment is high in demand in sustainable
agriculture due to growing demand for soil amendments such as polysaccharides,
biofertilizers, seaweed extracts, and humic acid. Increasing demand for organic
food and food products among consumers has risen to an elevated height and thus
requires a high soil fertility essential for the development of nourished and
high-quality yield.
Based on the Soil Type, the
market is segmented into Cereals & Grains, Oilseeds & Pulses and Fruits
& Vegetables. The Oilseeds & Pulses segment is expected to dominate in
the forecast period. This is attributed on account of increasing usage of oilseeds
such as soyabean in different form for producing renewable biodiesels and
chemicals and for application in distinct food and feed industries.
Moreover, the leading key
players are creating more opportunities to propel the market demand for soil
amendments. In the global field trials, artificial intelligence and machine
learning provide accurate disease and pest analysis. Farmers profit from
improved R&D procedures that result in crop protection technology tailored
to their requirements.
Besides, Soil amendments being products to increase soil quality, nutrient
enriching factors and other soil restoring qualities and thereby is adding more
to the Soil amendments market demand to support the Global soil amendments
market growth.
Recent Developments
- In 2022, BASF globally launched an open invitation platform AgroStart to
advance new digital solutions. The crop protection technology of BASF is
collaborated with the digital agricultural solutions of AgriStart
that help farmers, globally, to tackle multiple agricultural challenges they
face on a global level.
Major companies operating in the Global Soil Amendments Market are:
- BASF SE
- FMC Corporation
- UPL Limited
- Nufarm
- Evonik Industries AG
- Novozymes A/S
- Adama Ltd.
- Bayer
- T. Stanes & Company
- Agrinos
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“North
America region is expected to dominate the soil amendments market attributed on
account of rising shift towards organic & sustainable farming. Moreover,
the growing industrialization, increasing mining sites and other growing
infrastructure leading to soil degradation and contamination are further
expected to support the market growth in the region” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Soil Amendments Market - Global
Industry Size, Share, Trends, Competition, Opportunity, and Forecast,
2018-2028F”, Segmented By Type (Organic and Inorganic), By Soil Type
(Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), By Form
(Dry & Liquid), By Region, and Competition”, has evaluated the future growth potential of
Global Soil Amendments Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Soil
Amendments Market.
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