Latest Regulatory Trends Impacting the Soil Amendments Market

July 28 01:35 2020
Latest Regulatory Trends Impacting the Soil Amendments Market

The soil amendments market is estimated to account for a value of USD 3.7 billion in 2020 and is projected to grow at a CAGR of 10.7% from 2020, to reach a value of USD 6.2 billion by 2025

The soil amendments market is estimated to account for a value of USD 3.7 billion in 2020 and is projected to grow at a CAGR of 10.7% from 2020, to reach a value of USD 6.2 billion by 2025. The global soil amendments market is projected to witness significant growth due to factors such as growing awareness about soil health management, easy availability of humic substances as raw materials, and strong demand for high-value crops.

The main reason for adding soil amendments to the soil is to provide a better environment for roots and plant growth. This includes the improvement of soil structure and water-holding capacity, availability of nutrients, and living conditions for soil organisms, which are important for plant growth.

Soil Amendments Market

The loam segment is projected to be the largest segment in the soil amendments market during the forecast period.

Loamy soil is a mixture of sand, silt, and a lesser amount of clay particles. It has high calcium content and aeration capacity. It is rich in nutrients obtained from decomposed organic matter. This soil is commonly suitable for most crops and vegetables. In addition, loamy soil has moderate water retention capacity and is widely available across regions, due to which this segment is projected to dominate the market.

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The biofertilizers segment is estimated to account for the largest market share, in terms of value, in 2020.

Among organic soil amendments, the biofertilizers segment is estimated to account for the largest market share in 2020. Biofertilizers are offered at low prices and are applied in small dosages, in comparison with chemical fertilizers. Besides affecting the crops directly, they increase the population of soil microorganisms. They also secrete plant hormones, which favor germination and root growth. Phosphate solubilizing and mobilizing biofertilizers secrete organic acids and lower the pH in the nearby soil, which dissolves phosphates in the soil. Due to these benefits, biofertilizers are highly adopted in all organic amendments.

The fruits & vegetables segment, on the basis of crop type, is estimated to account for the largest market share, in terms of value, in 2020.

Vegetable crops are sensitive to water shortage. To increase the water-holding capacity of soils, growers use various soil amendments. The application of biofertilizers as soil amendments for fruits & vegetables helps to improve the quality, shelf life, and yield of fruits & vegetables. In addition, organic soil amendments are effective in increasing the water-holding capacity of soil used for nursery crops and floriculture in greenhouses by reducing the frequency of irrigation. Crops grown in greenhouses with sand or media with low organic matter are remediated using organic soil amendments.

The increase in soil degradation in the North American region is projected to drive the growth of the soil amendments market.

The increase in industrial activities is a key factor that has caused soil degradation in the North American region. In addition, North America witnesses various mining activities, which leads to barren soil that is susceptible to erosion by wind and rain. According to a report published by Cornell study 2017, in the US, soil disappears ten-times faster than it is naturally replenished, at an estimated rate of nearly 1.7 billion tons of farmland per year. In addition, it impacts the economy, resulting in a loss of about USD 37 billion in agricultural production annually due to soil loss.

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According to a report from the Soil Science Society of America, organizations, such as the Land Institute and American Farmland Trust, are helping farmers to find low-cost soil conservation alternatives and encouraging them to use natural soil amendments and conditioners to replenish the soil. The acceptance by farmers and initiatives to cultivate crops, such as terrace and temporary cover crops, have helped reduce soil erosion.

Key players in this market include BASF (Germany), Bayer (Germany), UPL Limited (India), FMC Corporation (US), ADAMA Agricultural Solutions (Israel), and Nufarm (Australia). These major players in this market are focusing on increasing their presence through expansions, mergers & acquisitions, partnerships, and agreements. They have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities and strong distribution networks across these regions.

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