Los Angeles, December 31, 2019 -Soil amendment solutions are substantially used to modify the condition of the soil so that it can be improved for a better yield. QY Research recently added a report titled “Global Soil Amendment Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application” that explains the growth of the market. The global soil amendment market was worth US$5117.77 mn during 2018 and is expected to reach US$7516.14 mn by the end of 2025, registering a CAGR of 5.67% during the forecast period of 2019 to 2025.
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Ability to Improve Soil Texture to Boost the Global Soil Amendment Market
Soil amendments are extensively used to improve the chemical and physical condition of the soil. It helps in altering the soil so that plants can grow easily. It helps the plant to penetrate into the soil easily, alter acidity of the soil, and improves water retention. Soil amendments help in improving the availability of plant nutrients that occur naturally or by fertilizers. As they assist the fertilizers to perform well, the plant can absorb nutrients better.
The availability of various soil amendments such as organic matters such as finished compost, lime, elemental sulphur, ammonium sulphate, and gypsum makes it more desirable by users. Soil amendments are preferred by users as it can be used for new lawns, new gardens, established lawns, or ornamental plantings. They perform various functions such as improving soil texture, adjusting soil pH, and help in fixing the loss that has been caused due to various reasons.
Natural Soil Amendment Segment Expected to Rise during the Forecast Period as It is Cheaper
Natural soil amendment segment is expected to rise in demand during the forecast period as they are easily available in every kitchen and are cheaper than synthetic soil amendments. Users prefer making their own compost pits by using garden debris, vegetable peelings, and weeds. The growing awareness to preserve and safeguard quality of soil is also expected to boost this segment.
South America to Lead the Global Market due to Demand for Organic Farming
South America is expected to lead the global soil amendment market as this region is witnessing increase in demand for yield and efficiency. Large areas under this region is used for agriculture cultivation and organic farming.
Key players in the market are innovating ideas to promote their products. They are also engaging in improving the quality of their products.
The key players operating in the global soil amendment market are BASF SE, Solvay S.A., DOW Chemical Company, Eastman Chemical Company, Akzo Nobel N.V., Novozymes A/S, Evonik Industries AG, Nutrien Ltd, Croda International PLC, ADAMA Ltd, Aquatrols, and Sanoway GmbH.
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