The global Soil Conditioners Market is forecasted to grow at a rate of 8.4%, from USD 1.65 billion in 2019 to USD 3.02 billion in 2027. The Soil Conditioners Market is witnessing an increasing demand for agricultural crops due to the increasing population in the developing countries. Lack of arable land due to the increasing industrialization in the emerging economies is expected to drive the growth of the product over the forecast period. Increasing usage of chemical fertilizers and pesticides results in the reduction of agricultural productivity and decreasing soil quality. Rising utilization of conditioners in order to enhance the quality of the agricultural productivity and the soil is expected to fuel the demand for the product in the market.
Top Companies Operating in the Global Soil Conditioners Market:
BASF, Novozymes, Syngenta, Clariant AG, UPL, Solvay S.A., EASTMAN CHEMICAL COMPANY, CRODA INTERNATIONAL PLC, EVONIK INDUSTRIES, and ADEKA CORPORATION.
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The increasing practice of precision farming techniques is most likely to propel the demand for conditioners in the agricultural sector. The growing need for soil rejuvenation and promotion of healthy root and plant growth will surely increase the usage of the conditioners. The conditioners help increase disease resistance in the plants, which helps in the enhancement of agricultural productivity. There is increasing usage of the conditioners in the countries facing drought conditions as it increases the water retention quality of the soil. The increasing need for food security and enhanced nutrient management in the soil is fueling the demand for conditioners in agricultural practices.
Market Key Trends:
- Natural Soil Conditioners are witnessing a high adoption rate in the agricultural sector because it increases the disease resistance in plants and enhances fertilizer efficacy in the soil.
- Water Soluble soil conditioners are experiencing steady growth over the forecast period as it could be easily mixed with fungicides or insecticides and applied on agricultural crops.
- The water retention capacity of the loam soil resulted in the increasing usage of the soil conditioners for agricultural and gardening purposes. The segment will grow with a significant CAGR during the forecast period.
- The North American market is also witnessing increased demand as there is a high level of adoption of the conditioners in the agricultural sector. The region is anticipated to grow with a CAGR of 8.9% during the forecast period.
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Soil Conditioners Market Segmentation
Product Outlook (Revenue, USD Billion; 2017-2027)
- Synthetic (Minerals, Polymers, Gypsum)
- Natural (Polysaccharides Derivatives, Compost, Animal Manure, Sewage Sludge)
Solubility Outlook (Revenue, USD Billion; 2017-2027)
- Hydrogels
- Water Soluble
Soil Type Outlook (Revenue, USD Billion; 2017-2027)
- Sand
- Loam
- Silt
- Peat
- Clay
Crop Type Outlook (Revenue, USD Billion; 2017-2027)
- Oilseeds Pulses
- Cereals Grains
- Fruits Vegetables
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Soil Conditioners market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Soil Conditioners market.
The global Soil Conditioners market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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