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.
Highlights from Soil Amendment Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
The key Vendors profiled in the report 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).
Geographic Breakdown and Segment Analysis
The Global Soil Amendment market presents a comprehensive analysis of the Soil Amendment market by product type (Organic Soil Amendments {Biosolids, Manures, Composts, Digestates, Papermill Sludges, Yard and Wood Waste, and Other}, Soil Acidity/pH Soil Amendments {Lime, Wood Ash, Coal Combustion Products (CCPs), Cement Kiln Dust, Sugar Beet Lime, Other} and Mineral Soil Amendments {Foundry Sand, Steel Slag, Dredged Materials, Gypsum, Water Treatment Residuals (WTR), Other}), by end-user/application (Fertilizers and Soil Conditioners), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Soil Amendment industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Soil Amendment market, the Europe has emerged as a crucial market for several Soil Amendment brands.
Analyst at AMA have segmented the market study 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 2023 where as Soil Acidity/pH Soil Amendments stood as second largest market share where as Fertilizers segment stood as second largest market.
Influencing Trend:
Growing Trend for Precision Farming
Market Growth Drivers:
Use to Adjust the pH, Organic Material, and Act as a Sorbent and Advancements in Farming Practices
Challenges:
Misuse of Soil Amendments Can Damage Crops and Technical Knowledge Barriers
Restraints:
Stringent Regulations on Soil Amendments and Low Adoption Rate
Opportunities:
Technological Advancements, Ease of Availability and Growing Temporary Stockpiling of Soil Amendments in Advance
In June 2018, BASF launched MasterRoc SLF 50, a new generation soil lubricant product. It improves performance and increases tunnel excavation efficiency by helping to control the soil during tunneling operations. The soil conditioner reduces friction and helps to increase the advance rate of the tunnel boring machine (TBM) under challenging soil conditions., and In March 2018, Kemin Crop Technologies, an initiative of Kemin Industries launched a new product, Valena, a soil amendment sourced from a proprietary strain of Euglena gracilis (algae) rich in beta-glucan. Valena was designed to support the growth of healthy and strong plants.
Regulatory Insights:
The type of amendment chosen will determine the pertinent regulatory authorities. For example, biosolids are regulated under a "self implementing" rule issued by U.S. Environmental Protection Agency (EPA) (40 CFR Part 503) under the joint authority of the Clean Water Act (CWA), the Resources Conservation and Recovery Act (RCRA), and the Clean Air Act (CAA). At the federal level, regulations are implemented by the EPA‘s Water Program, while the states regulate and implement biosolids management programs through their water and/or solid waste management programs. The federal biosolids rule (40 CFR Part 503) requires that land-applied biosolids meet these strict regulations and quality standards.
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.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Soil Amendment Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Users