Soil Conditioners Market Size Worth USD 8.59 Bn Globally, by 2028 at 6.54% CAGR - Exclusive Report by Brandessence Market Research
LONDON, Nov. 23, 2022 /PRNewswire/ -- The Global Soil Conditioners Market is anticipated to amass a valuation of USD 8.59 Billion by 2028 from USD 5.87 Billion in 2021, registering a CAGR of 6.54% over the forecast duration of 2022-2028.
Soil conditioners are referred to as the type of products which are added to the soil to enhance its overall structure by regulating water erosion and increasing aeriation. They further loosen up hard pan, compacted, and clay soil while releasing the locked-up nutrients. These conditioners can either be organic, inorganic, synthetic, or natural. The use of the components improves the quality of soil to increase its eligibility for agricultural purposes.
The booming irrigation sector, escalating food demand, along with widespread population expansion are augmenting the outlook of this industry vertical. Further, deteriorations in soil productivity due to the excessive use of fertilizers and chemicals is creating lucrative opportunities for this marketplace to prosper.
Also, favourable government initiatives to boost the production of food crops to deal with global food crisis is adding momentum to the progression of this business sphere. Moreover, widespread industrialization, rising R&D activities in the field, and prompt technological advancements are aiding the expansion of Global Soil Conditioners Market. On the contrary, high costs pertaining to these products and dearth of awareness among farmers are hindering the remuneration scope of this industry vertical.
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Competitive Hierarchy
The prominent players characterizing the competitive terrain of this industry vertical are
- BASF SE
- Syngenta AG
- Novozymes A/S
- The DOW Chemical Company
- Adeka Corporation
- Solvay S.A
- Akzo Nobel N.V.
- Evonik Industries AG
- Eastman Chemical Company
- Vantage Specialty Chemicals
- Clariant International AG
- Croda International PLC
These companies are trying to strengthen their position in the Global Soil Conditioners Market. They are adopting various strategies including mergers & acquisitions, product launches, R&D investments, partnerships, and collaborations, among others to stay ahead of the curve.
Global Soil Conditioners Market Segmentation:
By type:
- Synthetic
- Natural
By Soil type:
- Clay
- Peat
- Slit
- Loam
- Sand
By solubility:
- Hydrogel
- Water Soluble
By application:
- Industrial
- Agricultural
By crop type:
- Cereals and grains
- Oilseeds and pulses
- Foods and vegetables
Category-Wise Insights
Which is the leading type of segment in this industry?
The natural segment is presently dominating the market in terms of volume share owing to the ability of natural soil conditioners to provide primary nutrients to plants and crops over a long duration since they have a slow-release process.
Which soil type segment is anticipated to showcase robust growth?
The loam segment is poised to amass notable gains over the stipulated timeframe since this soil is highly fertile and is commonly used for rotational farming.
Which is the dominant solubility segment in the Soil Conditioners Market?
The water-soluble segment has been leading this industry in terms of market share. This is credited to the ability of water-soluble conditioners to reduce the risk of nutrient accumulation in farmland.
Define the ongoing dynamics of the application segment?
The agricultural application segment is reckoned to generate significant returns over 2022-2028 due to the accelerating demand for food crops, rising instances of soil degradation, along with technological innovation in farming practices across the globe.
Which is the fastest growing crop type segment in this industry?
The cereals and grains segment are one of the most rapidly growing segments in this business sphere since most of the people from various nations consider cereals and grains as a part of their primary or staple diet.
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Comparing the historical outlook and ongoing trends of this market
A wide array of factors is accelerating the growth of this industry vertical over the assessment timeline of 2022-2028.
The world is witnessing a steep rise in the population rate. With increasing population, the demand for food crops has also escalated over the years. This is shifted the inclination of government and other concerned bodies towards the upliftment of the agricultural sector. In fact, governments of various nations have announced effective policies to enhance farming strategies and support the farmers in various ways. It is evident that for high quality crops, the soil needs to have all the required amount of nutrients and must be resistant to various internal and atmospheric entities. This in turn necessitates the use of soil conditioners across the globe.
There have been increasing instances of soil structure degradation worldwide. Due to the excessive use of chemical-based fertilizers and pesticides, the soil has begun to lose its quality. Moreover, widespread industrialization, population expansion, and prompt urbanization has resulted in soil pollution across various regions. Also, with rise in construction activities, world is facing a sharp decline in the proportion of arable land. This has pushed farmers to use high end soil conditioners including compost and green manure to recover the fertility of soil and improve its structure. These factors are stimulating the overall dynamics of Global Soil Conditioners Market.
Prime industry players have shifted their focus towards the development of highly efficient and organic soil conditioners. The use of chemical-based fertilizers and pesticides is known to deteriorate soil quality. Therefore, end users demand for organic soil conditioners that are not only eco-friendly but are highly beneficial for crops.
Region-Wise Outlook
What prospects are in store for Asia Pacific Soil Conditioners Market?
Asia Pacific presently leads the market in terms of revenue share. This is attributable to the rising instances of soil degradation and soil erosion, elevating food demand, widespread population expansion, and surging government initiatives to promote soil conservation.
Which is the fastest growing region in this business vertical?
North America has emerged as one of the fastest growing regions over the stipulated timeframe. This is ascribed to the growing instances of technological advancements in farming practices, rising need for food crops, along with favourable government regulations pertaining to the same.
Major Developments
In February 2019, UPL announced the acquisition of Arysta LifeScience to diversify its offerings in the field.
On Special Requirement Soil Conditioners Market Report is also available for below region:
North America
- U.S, Canada
Europe
- Germany, France, U.K., Italy, Spain, Sweden, The Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA
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