Global Organic Soil Amendments Market Size Grows at Steady CAGR of 3.87% to Surpass Value of USD 6.5 Billion by 2030

Published | 08 August 2024

Global Organic Soil Amendments Market is flourishing at a significant growth rate due to rising soil degradation and the need for soil restoration in agriculture, with farmers using organic soil amendments to improve soil structure and nutrient content.

BlueWeave Consulting, a leading strategic consulting, and Market research firm, in its recent study, estimated Global Organic Soil Amendments Market size by value at USD 5,022.60 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global Organic Soil Amendments Market size to expand at a CAGR of 3.87% reaching a value of USD 6,514.41 million in 2030. Global Organic Soil Amendments Market is driven by increasing awareness of chemical fertilizers' environmental impact and health risks. Consumers and farmers are opting for organic soil amendments to promote sustainable agriculture and reduce pollution. Soil health is crucial for long-term agricultural productivity, and the organic food industry growth is driving this demand. Technological advancements and innovations in organic soil amendment products are making them more accessible and attractive to farmers. Government policies and subsidies support this shift towards organic farming practices.

Opportunity – Growing popularity of urban agriculture and home gardening

The growth of urban agriculture and home gardening is driving the demand for organic soil amendments. As more individuals and communities engage in sustainable practices, the use of organic composts, manures, and other natural soil enhancers becomes essential. These amendments improve soil health, boost plant growth, and enhance crop yields, making them popular among urban gardeners and small-scale farmers. The trend is expected to continue to support the expansion of Global Organic Soil Amendments Market, reflecting a growing preference for eco-friendly and self-sufficient food production methods.

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Impact of Escalating Geopolitical Tensions on Global Organic Soil Amendments Market

Geopolitical tensions are causing significant disruptions in Global Organic Soil Amendments Market, leading to increased costs and uncertainties. The Russia-Ukraine war has caused supply shortages and price hikes in essential raw materials like potash and phosphorus. Trade restrictions and tariffs imposed during these conflicts also contribute to market instability. The United States-China trade war has led to increased tariffs on agricultural products, impacting American farmers' access to affordable organic soil amendments. Economic sanctions on countries like Iran and North Korea restrict their ability to import or export agricultural products, limiting market growth and straining global supply chains.

Fruits & Vegetables Segment Is Largest Crop Type in the Market

A spurring demand for organic produce across the major crop types including fruits & vegetables, cereals & grains, and oilseeds & pulses segments. The growth in the dominant fruits & vegetables crop type segment benefits from consumers' preference for organic farming practices that enhance soil health and crop yield without synthetic chemicals. Rising awareness about environmental sustainability and health benefits associated with organic fruits and vegetables is expected to further propel the growth of fruits & vegetables segment in the Global Organic Soil Amendments Market by crop type.

Competitive Landscape

Global Organic Soil Amendments Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include BASF SE, Bayer AG, UPL, Delbon, Haifa Group, FMC Corporation, Soil Technologies Corp, The Fertrell Company, Agrinos, T.Stanes & Company Limited, Novozymes, Timac Agro, ADAMA India Private Limited, Biosoil Farms, Symborg, and Nufarm. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Global Organic Soil Amendments Market.

Don’t miss the business opportunity Global Organic Soil Amendments Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Organic Soil Amendments Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Global Organic Soil Amendments Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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