Soil Amendment Market Overview:
The research report published by DataM Intelligence, the global soil amendment market size valued USD XX billion in 2020, is expected to reach USD xx billion by 2029, with growth at a CAGR of 12.5% during the forecast report 2022-2029.
Many farmers are also increasing the use of fertilizers to speed up crop growth and increase their agricultural productivity. However, overuse of chemical fertilizers is resulting in soil pollution in the form of fertilizer deposition and also causing damage to water resources.
Rising concerns related to soil pollution coupled with an increasing focus on sustainable agricultural practices to restore soil health may hinder the growth of the global fertilizer market over the long run while helping the growth of soil amendments.
Conventional agriculture plays a huge role in meeting the rising requirements for food of the growing global population. However, this has led to the increasing dependence of farmers on chemical fertilizers and pesticides. Chemical fertilizers are industrially manipulated, with substances composed of known quantities of nitrogen, phosphorous, and potassium. This rampant use of chemical fertilizers has been the cause of air and groundwater pollution by the eutrophication of water bodies.
In the United States, land degradation as a result of nutrient deficiency in the soil is creating a high demand for fertilizers. During harvesting, nutrients such as nitrogen are removed from the soil by crops, and nutrient deficiency leads to a decline in yields.
Soil Amendment Market research report provides a detailed analysis on leading companies with strategic analysis, micro and macro industry trend and market situation, pricing analysis, and a complete overview of the market scenario over the forecast period. It is a specialized and in-depth report targeting primary and secondary drivers, market share, important segments, and regional and country analysis. Additional, major players, key collaborations, mergers & acquisitions along with trending innovation and business strategies are studied in the full report.
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The ever-rising population has put considerable pressure on land and various other natural resources that have, in turn, resulted in damage done to the ecological base of agriculture and led to various socio-economic problems.
An accelerated rate of crop production has led to a rapid loss of plant nutrients, thereby putting pressure on soil resources. Most farmers have been seen resorting to the use of various chemical and inorganic fertilizers to help replenish this loss of nutrients.
However, such rampant use of chemical fertilizers has been found to decelerate the biological activities in the soil leading to impaired soil health. As a result, farmers are gradually moving toward the more favored stream of farming, which is the organic form.
The increase in soil degradation in the United States is projected to drive the growth of the soil amendment market during the forecast period 2021 to 2028 since soil amendments are used to increase soil health.
Biofertilizers, being made with microorganisms, decompose naturally; thereby taking their natural cycle to release nutrients into the soil. These biofertilizers require warmth and moisture to impart nutrition to the soil. The nutrient ratios in biofertilizers are unknown and are usually less compared to chemical fertilizers.
The various mechanisms involved in plant promotion with the help of biofertilizers maybe host plant-specific or strain-specific. These microorganisms when introduced into the soil, may face competitive conditions that may severely reduce the beneficial effects of such biofertilizers. Hence, the application of such biofertilizers may highly differ under various agro-environmental conditions, which could then end up affecting the efficacy of such microbial-based products.
One of the major innovations in biofertilizers is the advent of liquid biofertilizers. Liquid biofertilizers are special liquid formulations containing not only the desired microorganisms and their nutrients but also special cell protectants or chemicals that promote the formation of resting spores or cysts, which help the biofertilizer attain a longer shelf life and tolerance to adverse conditions.
Carrier-based biofertilizers, which are solid ones, have a shelf life of only six months. These biofertilizers are not tolerant to ultra-violet rays and temperatures of more than 300C.
By Crop Type:
Cereals And Grains
Fruits and Vegetables
Oil Seeds and Pulses
By Soil Type:
The increase in soil degradation in the North American region is projected to drive the growth of the market. In countries such as the US, the demand for organic food is outpacing its supply, and many farmers are also considering transitioning their conventional farming practices to organic farming. A growing market for organic crops, which leads to more income for them, is discouraging some farmers from using chemical or inorganic fertilizers, directly affecting their market.
Australia, Argentina, and the US are some of the countries where most of the agricultural land is used for organic farming. In addition, countries such as Bhutan and Denmark are increasing the focus on sustainable agriculture and are turning completely organic.
Adama, Agrinos, BASF SE, Bayer, Evonik Industries AG, FMC Corporation, Lallemand Inc, Novozymes A/S, Nufarm, T.Stanes & Company, UPL, and other major players.
Recent Trends in the Industry:
In January 2019, ADAMA Ltd. reported it has entered into a non-binding memorandum of understanding (MOU) with Jiangsu Huifeng Bio Agriculture Co., Ltd a chemicals manufacturer located in Dafeng, Jiangsu Province, for the potential acquisition of key parts of its crop protection business.
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