Agriculture soil amendments are products used in soil to improve its fertility and modify its condition for better agriculture produce. Soil amendments are usually mixed with soil before any cultivation to improve its tilth resulting in a healthy crop growth. The market has witnessed notable growth due to increase in demand for food products and degradation in the quality of soil. The market is highly competitive with the presence of various local and international players operating the market.
MARKET SCOPE
The "Global Agricultural Soil Amendments Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the agricultural soil amendments market with detailed market segmentation by product type, form, crop type and geography. The report provides key statistics on the market status of the leading agricultural soil amendments market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global agricultural soil amendments market is segmented into organic and inorganic.
- Based on form, the global agricultural soil amendments market is segmented into dry and liquid.
- Based on crop type, the global agricultural soil amendments market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, and others.
MARKET DYNAMICS
Drivers:
- Loss of arable land is driving the market growth as it affects agricultural productivity.
- Degradation of soil quality due to agricultural deforestation, use of chemical fertilizers and rapid urbanization are the major factor influencing the growth of the market.
- Increase in consumer awareness regarding healthy and organic food products from the use of amendments is gaining huge traction to the market.
Restraints:
- Shorter shelf-life of soil amendments can hamper the growth of the market.
- Lack of awareness about such amendments products among rural people or farmers can be a restraint to the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The agricultural soil amendments market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the agricultural soil amendments market in these regions.
IMPACT OF COVID-19 ON AGRICULTURAL SOIL AMENDMENTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the agricultural soil amendments market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from agricultural soil amendments market are anticipated to lucrative growth opportunities in the future with the rising demand for agricultural soil amendments in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the agricultural soil amendments market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- The Mosaic Company
- Nouryon
- Nutrien Ltd.
- Nufarm
- Yara International
- Coromandel International
- Helena Agri-Enterprises, LLC
- Haifa Group
- Compass Minerals