Market Snapshot:
Soil Amendment is used to provide nutrients for crop growth or to provide materials for soil improvement. Soil amendments consist of waste residuals such as municipal biosolids, animal manures and litters, sugar beet lime, wood ash, and other, and a variety of composted agricultural byproducts, as well as traditional agricultural fertilizers. The use of use of soil amendments enables site remediation, revegetation and revitalization, and reuse. The soil amendments are majorly used to address problems at contaminated sites such as contaminant bioavailability/phytoavailability and poor soil health and ecosystem function.
Segment Analysis
AMA Research have segmented the market of Global Soil Amendment market by Type, Application and Region. On the basis of Type, Organic Soil Amendments are dominating the market in the year 2020 where as Soil Acidity/pH Soil Amendments stood as second largest market share.
where as Fertilizers segment stood as second largest market.
On the basis of geography, the market of Soil Amendment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Growing Trend for Precision Farming
Market Drivers
Use to Adjust the pH, Organic Material, and Act as a Sorbent and Advancements in Farming Practices
Opportunities
Technological Advancements, Ease of Availability and Growing Temporary Stockpiling of Soil Amendments in Advance
Restraints
- Stringent Regulations on Soil Amendments
- Low Adoption Rate
In addition to the aforementioned factor, Use to Adjust the pH, Organic Material, and Act as a Sorbent
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
In Soil Amendment Market, it has been observed that most of the companies are upgrading or introducing innovative products/services. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
The key Vendors profiled in the study are BASF SE (Germany), Syngenta AG (Switzerland), Novozymes A/S (Denmark), DOW Chemical Company (United States), Adeka Corporation (Japan), Solvay S.A. (Belgium), Akzo Nobel N.V. (Netherlands), Evonik Industries AG (Germany), Eastman Chemical Company (United States), Vantage Specialty Chemicals, Inc. (United States), Clariant International AG (Switzerland), Croda International PLC (United Kingdom), Norcal Ag Service (United States), GGO International Management (United States) and Kemin Industries, Inc. (United States). A lot of United States and United Kingdom players are profiled in the research study indicating a strong market dependence.