ID: MRFR/AGR/3514-HCR | 110 Pages | Published By Pradeep Nandi on March 2023
Soil Conditioners Market is register 9.43% CAGR from 2022 to 2030 and reach USD 13.15 Billion by the end of 2030.
The Global Soil Conditioners Market is expected to register 9.43% CAGR from 2022 to 2030 and reach USD 13.15 billion by the end of 2030. Soil conditioners are organic or inorganic materials, which are generally applied to soil to improve the physical properties of soil. Soil conditioners help increase the water retention property of soil, thus helping in the proper growth and development of crops. Soil conditioners also enhance the aeration in soil, which helps improve the fertilizer uptake. Furthermore, it also reduces the soil compaction which enables the comprehensive root penetration. These benefits offered by soil conditioners are expected to drive the demand for soil conditioners globally. The expansion of agricultural industry is expected to drive the growth of global soil conditioners market. The availability of arable land has decreased significantly during past few decades, which is expected to foster the growth of global soil conditioner market. Moreover, commercialization and modernization in farming practices coupled with the increasing awareness about soil and nutrition management are predicted to boost the growth of global soil conditioners market. Continuous research and development in soil conditioner products leading to technological advancement provide an excellent opportunity for players in soil conditioners market. However, the high cost of soil conditioners may hamper the growth of the global soil conditioners market.
The global soil conditioners market has been segmented based on type, solubility, crop type, and region.
The global soil conditioners market has been bifurcated, based on type, into natural and synthetic.
The global soil conditioners market has been divided, on the basis of solubility, into water-soluble and hydrogels.
On the basis of crop type, the global soil conditioners market has been segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others.
The global soil conditioners market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American soil conditioners market has further been segmented into the US, Canada, and Mexico.
The European soil conditioners market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The soil conditioners market in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific.
The soil conditioners market, in the rest of the world, has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Soil Conditioners Market Share (%), by Region, 2021
Source: Secondary Sources and MRFR Analysis
The market in North America is expected to dominate the global soil conditioners market during the forecast period due to the modernization of farming practices. Moreover, the increased awareness about soil management practices is anticipated to drive the growth of soil conditioners market in this region.
The North American market is followed by Europe owing to a higher rate of adoption of soil conditioners. Asia-Pacific is projected to grow at the highest CAGR in global soil conditioners market, due to decreasing availability of arable land coupled with increasing demand for food. Additionally, the commercialization of farming practices coupled with the increased need for nutrition management to reduce the cost of fertilizers is predicted to boost the growth of soil conditioner market in the region.
The market in the rest of the world is expected to grow at a steady rate as the demand for soil conditioners is increasing in various countries such as Argentina and Brazil, due to the expansion of the agricultural industry.
Global Soil Conditioners Market, by Type
Global Soil Conditioners Market, by Solubility
Global Soil Conditioners Market, by Application
Global Soil Conditioners Market, by Region
|Market Size||USD 13.15 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Solubility, Crop Type, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||BASF SE (Germany), Syngenta AG (Switzerland), Novozymes A/S (Denmark), The DOW Chemical Company (US), Adeka Corporation (Japan), Croda International PLC (UK), Clariant International AG (Switzerland), Vantage Specialty Chemicals, Inc. (US), Eastman Chemical Company (US), Evonik Industries AG (Germany), Akzo Nobel N.V (Netherlands), Solvay S.A. (Belgium), Lambent Corp. (US), TIMAC AGRO International (France), and Loveland Products, Inc (Canada)|
|Key Market Opportunities||Continuous research and development in soil conditioner products leading to technological advancement|
|Key Market Drivers||Growing Agriculture Industry, Increasing Awareness about Soil and Nutrition Management|
Soil conditioners market is expected to reach USD 13.15 billion by 2030.
Soil conditioners market is expected to exhibit a strong 9.43% CAGR over the forecast period from 2022 to 2030.
Leading players in the soil conditioners market include Adeka Corporation, Dow, and BASF, among others.
North America is expected to dominate the global soil conditioners market.
The growing agriculture industry is likely to be the major driver for the soil conditioners industry.