Market Leaders in the Global Soil Amendments Market and Strategies Adopted by them

The global soil amendments market is estimated to be valued at USD 3.7 billion in 2020 and is projected to reach USD 6.2 billion by 2025, recording a CAGR of 10.7%. The growth of the soil amendments market is driven by strong demand for high-value crops, risk of soil degradation, and rising concerns regarding soil health. The incorporation of soil amendment in fertilizer formulations creates growth opportunities for manufacturers in the soil amendments market.

Key players in the soil amendments market include BASF SE (Germany), Bayer AG (Germany), FMC Corporation (US), UPL Ltd. (India), and ADAMA Agricultural Solutions Ltd. (Israel). 

BASF SE (Germany) is a leading chemical company, which produces a wide range of products. It operates through five segments, namely, chemicals, agricultural solutions, performance products, functional materials and solutions, and others. BASF’s agriculture segment includes functional crop care, biotechnology, turf, ornamentals and landscape, pest control, and animal nutrition. The company offers soil amendment products through its agricultural solutions segment.

BASF SE is among the global players in the agrochemical industry. The company has various product segments, which cater to different industries, making it competitive in different parts of the world. In the soil amendments market, the company adopted expansions & acquisitions as its key strategies to expand its business.

FMC Corporation (US) provides solutions to growers around the world with its innovative development capabilities in the field of crop protection, plant health, and professional pest and turf management. Its two major segments include Agricultural Solutions and Lithium.

The company offers soil amendments that are particularly based on humic acid and seaweed extracts. The major transformative acquisition of a significant part of DuPont’s Crop Protection business resulted in an extensive global reach of the company with broad product portfolios of 12 new active ingredients and 15 under development, which support the company to develop variants in the soil amendments market. Although the company has its presence across regions, the major revenues come from developed countries, which create growth opportunities for it by introducing soil amendment products and solutions.

Request for Customization

Product innovations, expansions & investments, acquisitions, agreements, collaborations, approvals, and partnerships were some of the core strengths of the leading players in the soil amendments market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. 

Some of the other leading players in the soil amendments market include Nufarm (Australia), Evonik Industries (Germany), Novozymes A/S (Denmark), Agrinos (Norway), T.Stanes & Company (India), Lallemand, Inc. (Canada), SA Lime & Gypsum (South Africa), Timac Agro (France), Biosoil Farms (US), Profile Products LLC (US), The Fertrell Company (US), Haifa Group (Israel), Symborg (Spain), Soil Technologies Corp (US), and Delbon (France).

Comments

Post a Comment

Popular posts from this blog

Global Bottled Water Processing Market: Key Trends and Insights by 2028

A recent research report by MarketsandMarkets titled " Bottled Water Processing Market " provides valuable insights into the dynamics of the bottled water industry. The study covers both the bottled water market and the bottled water equipment market, forecasting significant growth in both segments. Here are key highlights from the report: Download PDF Brochure Bottled Water Market Overview: The bottled water market is projected to reach USD 457.1 billion by 2028, exhibiting a CAGR of 8.0% from 2023. This growth is attributed to the rising demand in emerging markets where limited access to safe drinking water is a challenge. The global population increase also contributes to the surge in demand for clean and safe drinking water, emphasizing the pivotal role of bottled water processing in providing accessible hydration solutions. Product Type Insights: The report highlights that still water dominates the market, accounting for the largest share in 2022 in terms of value. This
Read more

Growth Trends and Opportunities in the Global Edible Oils Market

The global edible oils industry is on track to reach USD 268.9 billion by 2027, marking a significant increase from USD 212.6 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.8% between 2022 and 2027. This growth is primarily fueled by the rising global population, coupled with shifts in lifestyle preferences towards processed foods, where edible oils play a crucial role as primary ingredients. Furthermore, ongoing advancements in food processing, including the development of novel products such as confectionery, bakery items, ready-to-eat foods, and fast foods, are driving substantial demand for edible oils. Download PDF Brochure      Soybean oils emerge as the fastest-growing segment in the global edible oils market , anticipated to experience a robust CAGR of 5.4% during the forecast period. With concerns regarding food costs and climate change's impact on food supplies, soy products, particularly soybean oil, are gaining traction. Soybean oil's neu
Read more

Transformative Growth Projected for Global Seed Coating Market: A Comprehensive Overview

In 2023, the global seed coating market , valued at USD 2.0 billion, is positioned for remarkable expansion, anticipated to reach USD 3.1 billion by 2028 with a robust CAGR of 8.5%, as reported by MarketsandMarkets. This agri-tech innovation is reshaping agriculture by enhancing seed germination, seedling vigor, and overall crop yields. Download PDF Brochure Advancements in Liquid Seed Coatings: A Cornerstone of Modern Agriculture Liquid seed coatings, applied across diverse crops such as corn, soybeans, wheat, rice, vegetables, and flowers, are indispensable tools in modern agriculture. Croda International Plc's FS formulations are gaining prominence due to their concentrated nature, water-based composition, and enhanced safety during application, marking a revolutionary shift in seed treatment practices. Cereal and Grains Segment Driving Adoption The cereal and grains segment, emphasized by the Food and Agriculture Organization (FAO), plays a pivotal role in the increasing adopti
Read more