Soil Amendments Global Market Report 2024

The soil amendments market has grown rapidly in recent years. It will grow from $4.2 billion in 2023 to $4.68 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The expansion observed in the historical period can be ascribed to several factors, including government subsidies and incentives, heightened concerns about soil erosion, the increasing adoption of organic farming practices, the implementation of crop rotation methods, and a growing focus on awareness and education within the agricultural sector. These elements collectively contributed to the positive growth trajectory during the specified historical timeframe.

The soil amendments market is expected to see rapid growth in the next few years. It will grow to $6.89 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. Anticipated growth in the forecast period can be associated with various factors, including the widespread adoption of precision agriculture, efforts to adapt to climate change, the implementation of regenerative agriculture practices, government regulations influencing agricultural practices, and the promotion of circular economy initiatives. Noteworthy trends expected in the forecast period encompass technological innovations, the increasing use of organic soil amendments, the adoption of microbial soil enhancers, the integration of precision agriculture and soil testing practices, and the incorporation of biochar in agricultural processes. These trends collectively contribute to the projected growth in the upcoming period.

The soil amendments market is expected to experience growth driven by increasing concerns about soil degradation. Soil degradation, which involves the loss of soil quality or fertility due to various factors such as intensive agriculture practices, deforestation, urbanization, and climate change, has become a significant issue. To address these concerns, soil amendments are applied to improve soil quality by re-establishing microbial populations, balancing pH levels, adding organic matter, enhancing water-holding capacity, and reducing soil compaction. Notably, a report from the United Nations Convention to Combat Desertification (UNCCS) in November 2022 highlighted that one-fifth of the world's population resides and works on degraded agricultural land. The report estimated that around 40% of the world's soil is already degraded, and approximately 90% could face degradation by 2050, with 10 to 12 million hectares of farmland lost annually. The increasing awareness of and concern about soil degradation are expected to drive the growth of the soil amendments market.

The rising demand for organic foods is set to contribute to the expansion of the soil amendments market. Organic food production adheres to organic farming standards, aiming to protect the environment and promote sustainable agricultural practices. Soil amendments play a pivotal role in organic farming by supplying essential nutrients and improving soil health to support the cultivation of healthy, nutritious crops. The demand for organic foods is on the rise, as indicated by data from the Organic Trade Association, which reported a 4.2% increase in total sales of organic foods in the United States from $59.1 billion in 2021 to $61.6 billion in 2022. This surge in demand for organic foods is a key factor propelling the growth of the soil amendments market.

The soil amendments market is witnessing a notable trend towards product innovation, with major companies in the sector strategically focusing on the development of innovative solutions to enhance their market positions. An example of this trend is evident in the actions of Locus AG, a US-based agricultural biological company, which introduced Pantego in June 2021. Pantego represents a next-generation soil probiotic designed to boost soil organic matter by stimulating microbial activity and fostering plant growth. Its benefits include carbon sequestration, improved soil health, and increased crop yields of up to 10%, attributed to enhanced nutrient uptake and plant stress tolerance.

Leading companies in the soil amendments market are dedicating efforts to technological innovations, particularly in the realm of crop fertilizer and soil amendment technology. These innovations play a pivotal role in modern agriculture by contributing to heightened crop yields, improved soil health, and decreased reliance on synthetic chemicals. A case in point is MustGrow Biologics Corp, a Canada-based agriculture-biotech company, which unveiled USDA-approved crop fertilizer and soil amendment technology named TerraSante in October 2023. TerraSante, rooted in mustard plant-based technology, emphasizes soil and soil microbiome health, nutrient and water use efficiencies, and plant yields. The organic certification associated with TerraSante enables farmers to reduce the use of synthetic chemicals and fertilizers while meeting the growing demand for organic biological products.

In December 2021, Specialty Granules LLC (SGI), a US-based mining and mineral processing company, entered into a strategic partnership with V6 Agronomy Inc. This collaboration aims to actively contribute to the promotion of mainstream sustainable farming through the utilization of meta basalt soil amendments. By combining the expertise and resources of Specialty Granules LLC (SGI) and V6 Agronomy Inc., the partnership seeks to develop and bring to market the next generation of multifunctional solutions in the fields of agriculture and environmental sustainability. V6 Agronomy Inc., headquartered in Canada, specializes in the development and distribution of specialized crop nutrients and soil amendments. Together, the collaborative efforts of these companies are anticipated to play a significant role in advancing sustainable farming practices and offering innovative solutions to address challenges in agriculture and the environment.

Major companies operating in the soil amendments market report are 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, Compagnie de Saint-Gobain 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.

North America was the largest region in the soil amendments market in 2023. The regions covered in the soil amendments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the soil amendments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The principal types of soil amendments include clay, sand, loam, and silt. Clay is characterized by very fine mineral particles tightly packed together. It is further categorized based on crop types such as cereals and grains, oilseeds and pulses, fruits and vegetables, among others. Additionally, clay is available in both dry and liquid forms and finds application in various sectors such as construction, mining, agriculture, gardening, and other related fields.

The soil amendments market research report provides soil amendments market statistics, including soil amendments industry global market size, regional shares, competitors with a soil amendments market share, detailed soil amendments market segments, market trends and opportunities, and any further data you may need to thrive in the soil amendments industry. This soil amendments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The soil amendments market consists of sales of sphagnum peat, wood chips, grass clippings, straw, compost, manure, biosolids, sawdust and wood ash. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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