Fruits & vegetables segment is projected to be the fastest-growing in the soil amendments market

The Soil Amendments Market is estimated to be valued at USD 3.7 billion in 2020 and is projected to reach a value of USD 6.2 billion by 2025, growing at a CAGR of 10.7% during the forecast period. Factors such as the ease of availability of raw materials for humic substances, growing awareness about soil management, and desertification of land are projected to drive the growth of the soil amendments market.

Download PDF Brochure

By crop type, the fruits & vegetables segment is projected to be the fastest-growing in the soil amendments market during the forecast period.

Major factors driving the demand for high-value crops, such as fruits & vegetables, are rise in incomes, rapid urbanization, and growth in awareness about the health benefits associated with fruits & vegetables. Another factor that has encouraged the agricultural production of high-value crops is the increase in foreign direct investment (FDI). High-value crops are mostly grown in permanent croplands in various regions.

Moreover, the application of soil amendments in fruits & vegetables remains high due to various advantages, such as increased organic content in the soil and root growth.

Organic soil amendments are added to the soil to address physical, chemical, and biological properties rather than mainly catering to the problem of low water-holding capacity. The presence of organic matter in soil increases water and nutrient content, water and nutrient holding capacities, and cation exchange capacity. It improves soil texture and pH and provides energy sources for microorganisms. Due to these benefits, the organic segment is projected to be the fastest-growing in the market.


Key players in this market include BASF (Germany), Bayer (Germany), UPL Limited (India), FMC Corporation (US), ADAMA Agricultural Solutions (Israel), and Nufarm (Australia). These major players in this market are focusing on increasing their presence through expansions, mergers & acquisitions, partnerships, and agreements. They have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities and strong distribution networks across these regions.

Comments

Popular posts from this blog

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

Growth Trends and Opportunities in the Global Edible Oils Market

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