The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Significant Growth in Recent Years

• 2023 Market Size: $4.2 billion
• 2024 Market Size: $4.68 billion
• CAGR: 11.5%
• Key Drivers:
  • Government subsidies and incentives
  • Soil erosion concerns
  • Organic farming trends
  • Crop rotation practices
  • Increased awareness and education

Strong Future Market Projections

• 2028 Market Size: $6.89 billion
• CAGR: 10.2%
• Key Growth Factors:
  • Adoption of precision agriculture
  • Climate change adaptation
  • Regenerative agriculture practices
  • Government regulations
  • Circular economy initiatives

Major Trends in the Forecast Period

• Technological Innovations
• Organic Soil Amendments
• Microbial Soil Enhancers
• Precision Agriculture and Soil Testing
• Biochar Integration

Read The Full Soil Amendments Market Report Here:

https://www.thebusinessresearchcompany.com/report/soil-amendments-global-market-report

Rising Demand for Organic Foods Drives Market Growth

• Impact of Organic Food Demand:
  • Organic food production adheres to sustainable agriculture standards
  • Soil amendments crucial for enhancing soil health and nutrient provision
  • Increased sales of organic foods boosting market growth
• Example:
  • According to the Organic Trade Association, US organic food sales rose by 4.2% from $59.1 billion in 2021 to $61.6 billion in 2022

Key Players in the Soil Amendments Market

• Notable Companies:
  • 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 Inc.
  • Greenfield Eco Solutions Pvt. Ltd.
  • Gujarat State Fertilizers and Chemicals Limited
  • Oro Agri Europe S.A.
  • Compagnie de Saint-Gobain S.A.
  • Carbon Gold Ltd.
  • Earth Science Laboratories Inc.

Innovative Product Developments Drive Market Growth

• Importance of Innovation:
  • Companies focusing on creating new products to enhance market position
  • Example:
    • In June 2021, Locus AG launched Pantego, a soil probiotic that increases soil organic matter, enhances microbial activity, and promotes plant growth
    • Pantego shown to increase crop yields by up to 10% by improving nutrient uptake and plant stress tolerance

Strategic Partnerships and Sustainable Farming Initiatives

Specialty Granules LLC (SGI) and V6 Agronomy Inc. Collaboration

• Partnership Details:
  • In December 2021, SGI partnered with V6 Agronomy Inc. to advance sustainable farming using meta basalt soil amendments
  • Aim: Develop and market multifunctional agricultural and environmental solutions

Market Segmentation

• 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

Regional Insights

• Largest Region in 2023: North America

The soil amendments market is experiencing rapid growth driven by government incentives, rising demand for organic foods, and innovations in product development. With promising future projections and the adoption of sustainable practices, the market is set to expand significantly in the coming years.

Get A Free Sample On The Global Soil Amendments Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=10217&type=smp

The Soil Amendments Global Market Report 2024  provides an overview of the soil amendments market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The soil amendments market forecast analyzes soil amendments market size, soil amendments market share, leading competitor and their market positions.

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