Growing awareness about soil health boosts Soil Amendments Market

Market overview:
The Soil Amendments Market was at 3.7 million USD in 2021 and is estimated to reach a valuation of 6.2 billion USD by 2026, progressing at a CAGR of 10.7% during the projection period.

Market Drivers and Restraints:
Easy availability of humic substances as raw materials and the growing awareness about soil health management are some of the driving factors of the global Soil Amendments market. Also, increasing need for sustainable agriculture, reduced exploitation and wastage of synthetic and conventional fertilizers are some other factors that propels the growth of the market of Soil Amendments. However, supply of adulterated and low-quality products are some of the restraints that hinders the expansion of the market of soil amendments around the world.

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Report is segmented as:
The global Soil Amendments market is segmented according to type, crop type, soil type and form. By type, the Soil Amendments market is segmented into organic (polysaccharide derivatives, humic acid and biofertilizers) and inorganic (gypsum, calcium carbonate, dolomite, crushed shells, marlstone). By crop type, the market of Soil Amendments is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, turfs, ornamentals, plantation crops, forages and fiber crops. By soil type, the market is segmented into loam, silt, clay and sand. By form, the market is segmented into two types, namely liquid and dry.

Geographical Segmentation:
The global Soil Amendments market was dominated by North America region due to the increase in soil degradation in nations like Canada and the USA. North America is also expected to hold the dominance of the market during the foreseen period. Asia Pacific region holds the second largest share of the market due to the increasing need for sustainable agriculture in emerging economies of this area.

Impact of COVID-19 on Soil Amendments Market
The Coronavirus pandemic has affected the global Soil Amendments market by pushing several companies in the market to temporarily halt manufacturing and distribution operations that in turn resulted huge losses for those companies. As per the analysis, the Soil Amendments market is estimated to record a spike in the revenue owing to the increasing need for sustainable agriculture across the globe.

Key market players:
Major players of Soil Amendments market include FMC Corporation (US), ADAMA Agricultural Solutions (Israel), BASF (Germany), Bayer (Germany), UPL Limited (India) and Nufarm (Australia).

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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