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What key factors are powering the surge in the soil amendments market right now?

In recent years, the size of the soil amendments market has surged swiftly. It is projected to expand from $4.65 billion in 2024 to $5.15 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.8%. Factors contributing to this growth in the historic period include government subsidies and incentives, worries about soil erosion, the popularity of organic farming, crop rotation procedures, along with awareness and education.

How fast Is the soil amendments market expected to grow, and what’s its future value?

Over the forthcoming years, the soil amendments market is predicted to witness a swift expansion, reaching a valuation of “$7.76 billion by 2029, while progressing at a compound annual growth rate (CAGR) of 10.8%. The anticipated growth during the forecast period is primarily due to various factors such as the adoption of precision farming, adaptation to climate change, the practice of regenerative agriculture, government edicts, and initiatives toward a circular economy. The major trends projected during this period encompass technological advances, organic amendments to soil, enhancements to soil through microbes, precision farming and soil analysis, along with the integration of biochar.

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What are the leading drivers of growth in the soil amendments market?

Anticipation of the growth of the soil amendments market is being fueled by escalating worries regarding soil degradation. Soil degradation alludes to a decline in soil quality or fertility as a result of activities either natural or induced by humans. These growing anxieties predominantly stem from intensive agricultural processes, deforestation, urban sprawl, and alterations in climate. Addressing these problems involves introducing amendments into the soil with the aim of improving soil health. Solutions may include replenishing microbial communities, stabilizing pH levels, replenishing organic matter, enhancing water storage potential, and relieving compaction. For example, recent data from the United Nations Convention to Combat Desertification (UNCCS), an American UN body focused on land restoration, reported in November 2022 that one in every five people globally now live and work on arid agricultural land. The report also estimates that approximately 40% of the world’s soil is already in a degraded state, and this figure could rise to 90% by 2050. Furthermore, around 10 to 12 million hectares of farming land are being lost to soil degradation annually. As such, the intensifying worries concerning soil degradation are projected to stimulate the growth of the soil amendments market.

What are the key segments defining the soil amendments market?

The soil amendments market covered in this report is segmented –

1) By Soil Type: Clay, Sand, Loam, Silt

2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And vegetables, Other Crop Types

3) By Product: Organic, Inorganic

4) By Form: Dry, Liquid

5) By Application: Construction And Mining, Agriculture And Gardening, Other Applications

Subsegments:

1) By Clay: Organic Amendments, Inorganic Amendments, Gypsum, Compost

2) By Sand: Organic Matter, Fertilizers, Soil Conditioners

3) By Loam: Compost, Peat Moss, Vermiculite, Perlite

4) By Silt: Organic Matter, Lime, Biochar, Nutrient Amendments

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Who are the key players steering the development of the soil amendments market?

Major companies operating in the soil amendments market include 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, SANOWAY GmbH, Eastman Chemical Company, Vantage Specialty Chemicals Inc., Clariant International Ltd., Croda International plc, Solvay S.A., Syngenta AG, ADEKA CORPORATION, Akzo Nobel N.V., BioWorks Inc., Biochar Now LLC, Bio Soil Enhancers Inc., Black Diamond Vermicompost, Blue Planet Environmental Solutions Pte. Ltd., Carbon Gold Ltd., Earth Science Laboratories Inc.

What emerging trends are influencing the growth of the soil amendments market?

Leading businesses within the soil amendments industry are concentrating on the introduction of innovative products, such as advanced agricultural solutions aiming to provide enduring protection against a wide range of fungus diseases in different crops. This helps in promoting healthier yield and encourage sustainable farming. An advanced agricultural solution entails innovative technologies, practices, or products created to boost crop production, manage pests and disease more effectively and endorse sustainability in agricultural operations. For instance, Bayer, a German global front-runner in agriculture and life sciences, stated in March 2023 that Luna Pro Fungicide has received EPA approval. Luna Pro Fungicide is an elite fungicide that sufficiently manages both foliar and soilborne diseases, specifically in potato farming, by utilizing a blend of systemic active components. The formulation includes prothioconazole that impedes fungal growth at the cell level, and fluopyram that improves disease resistance and promotes overall plant well-being. This fungicide, by enhancing resilience and yield capacity of crops, functions as a vital instrument for farmers looking to deal with disease pressures while ensuring sustainable farming protocols are adhered to.

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Which regions are most influential in expanding the soil amendments market?

North America was the largest region in the soil amendments market in 2024. The regions covered in the soil amendments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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