The global soil amendments market is estimated at USD 3.6 billion in 2022. It is projected to reach USD 6.0 billion by 2027, recording a CAGR of 11.0 % during the forecast period. According to the US Environmental Protection Agency, soil amendments are defined as materials that are primarily applied to agricultural land to improve soil characteristics rather than as plant food.The types of soil amendments available in the industry can be classified as organic and inorganic, serving different types of soils such as sand, loam, clay, and slit.
Key players in this market include BASF SE (Germany), UPL Limited (India), FMC Corporation (US), Adama (Israel), and Bayer (Germany)
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BASF SE is a leading chemical company that produces a wide range of products. It operates through five segments: 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.
UPL offers crop solutions to secure food supply. Its business segments are divided into various segments, such as seeds, crop protection, bio-solutions, post-harvest, and aquatics. The company has its presence in over 130 countries with 48 manufacturing plants.
FMC Corporation provides solutions to growers worldwide with its innovative development capabilities in the field of crop protection, plant health, and professional pest and turf management. Its two significant segments include Agricultural Solutions and Lithium. The company has more than 20 R&D formulations and biology centers around the world. It has operations in North America, Europe, South America, the Middle East, and Asia Pacific, with most of its sales concentrated in the European, North American, and Asian regions.
Soil Amendments Market by Type (Organic, Inorganic), Soil Type (Sand, Loam, Clay, Slit), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Form (Dry and Liquid) and Region (North America, Europe, APAC, Row) - Global Forecast to 2027
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