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

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...
Read more

Beer Processing Market Analysis and Global Forecast to 2025

Image
The global beer processing market studied in this report involves the market coverage of brewery equipment and beer. The global beer processing market is estimated to account for about USD 677.5 billion in 2019 and is projected to reach a value of USD 815.4 billion by 2025, growing at a CAGR of 3.1%. The changing consumer preferences for artisanal and craft beer, instead of traditional beer or other alcoholic beverages, drive the market for beer, globally. Download PDF Brochure The brewery equipment market has been growing in tandem      with the rising demand and consumption of beer. The other factor responsible for driving the global brewery equipment market is the growing number of microbreweries as well as brewpubs.  The European region is projected to account for the largest market share in the brewery equipment market due to the ever increasing beer industry and the presence of leading beer manufacturers. In the beer market, Asia Pacific dominated the global ...
Read more