Market Snapshot
As per the recent study conducted by Market Research Report (MRFR), the global soil conditioners market size is all set to expand at a lavish growth rate during the forecast period (2023 - 2032).
The Soil Conditioners Market Research Report is projected to grow from USD 6.9 Billion in 2023 to USD 14.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.43% during the forecast period (2023 - 2032)
Growth Factors and Key Barriers
The global soil conditioners market is poised to note robust growth over the forthcoming years due to the surging demand for agriculture, coupled with the continuous technological advancements as well as the rising need for better crop yield. To put it simply, soil conditioners refer to the products that are added to the soil for improving its physical quality, such as texture and fertility, in addition to providing nutrition to crops. Moreover, they help maintain the moisture as well as the nutritional value of the soil.
Also, the reduced availability of arable land is touted to be another primary factor responsible for the attractive growth pattern of the market. But with the increased preference for organic farming, the market growth could be negatively impacted to some extent. Therefore, numerous manufacturers are shifting their focus towards the production of organic products, a factor that is bound to work in favor of market growth soon.
Besides, several leading companies are in the process of developing a broader range of products, prompted by the surging preference for organic products over synthetic ones. Additionally, various products in two variants are being introduced by the manufacturers; one which is highly soluble in water whereas the other is soluble in a hydrogel form. Finally, the demand for organic soil conditioners is poised to grow in the coming years owing to increasing consumer awareness.
Market Segmentation
The market for soil conditioners is segmented based on type of soil conditioners, solubility, type of crop, and the soil type.
The soil conditioners market, based on the type, includes natural and synthetic soil conditioners. Out of these, the natural soil conditioners will be accounting for the major market share, trailed by the synthetic soil conditioners. The main driver for the growth of the natural soil conditioners is their extensive use in increasing soil fertility.
Solubility-wise, the soil conditioners market is segmented on the basis of water-soluble, hydrogels, and others. Among these, the water-soluble segment leads the market on account of its ease of use in the field.
Based on the type of crop, the soil conditioners market is considered for fruits vegetables, cereals grains, pulses oilseeds, and others. Here, the pulses oilseeds will be the dominant segment in the because of the growing demand for pulses and oilseeds.
The soil types in the global soil conditioners market is segmented into peat, loam, sand, silt, clay, and others. Among these segments, the loam is said to be holding the maximum market share, followed by peat as a result of the high productivity of crops in loamy soil.
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Regional Outlook
The global soil conditioners market, region-wise, covers the regions of Europe, Asia Pacific, North America, and the rest of the world (RoW).
Based on the regional distribution of the market, Asia Pacific is considered to be the dominating region in the global soil conditioners market followed by Europe. In the region, India accounts for the higher use of soil conditioners used for improving the soil fertility, which is the result of the growing awareness among farmers regarding the benefits of using soil conditioners. Moreover, massive demand for soil conditioners for sandy soil among the cultivators who use it to enhance aeration as well as soil porosity propels the market position of soil conditioners in the region. Also, the immense availability of vast agricultural land, increasing agricultural activities, along with the advancement in the agriculture industry works wonders for the regional market growth.
Whereas, in North America, the rising demand for vegetables, organic fruits, pulses and cereals, has managed to augment the demand for natural soil conditioners, especially in Canada and the United States (U.S), boosting the growth of the soil conditioners market in the region. In addition, the high acceptance of natural soil conditioners by the farmers accompanied by the constant efforts of the government through promotional initiatives for encouraging the use of organic fertilizers among farmers is slated to bear more good news for the soil conditioners market within the region in the coming years.
The Europe soil conditioners market is predicted to make similar strides on the global platform, in terms of revenue, backed by factors like the rising awareness about the need for soil enhancement, technological advancements in agriculture such as the use of precision agriculture techniques in soil and crop management, growing requirement for the enhancement of the soil quality, expanding population as well as the growing investment in research and development.
Key Players are:
Key Soil Conditioners Market Players are BASF SE, Syngenta AG, Novozymes A/S, The DOW Chemical Company, Adeka Corporation, Croda International PLC, Clariant International AG, Vantage Specialty Chemicals, Inc., Eastman Chemical Company, Evonik Industries AG, Akzo Nobel N.V, Solvay S.A., Lambent Corp., TIMAC AGRO International, Loveland Products, Inc.
Lastly, the soil conditioners market in Middle East and Africa will experience somewhat moderate growth trajectory in the near future owing to the increasing popularity of advanced and sophisticated soil management techniques among the farmers which will lead to the increased consumption of soil conditioners in the region.
Industry News
February 2019 – A remarkable growth in lime sales is reported since October 2018, with farmers striving to take advantage of the mild autumn and winter to augment the product spread. The sharp rise in the sales is continuing at a steady rate, with the massive amount of lime increasing by five-fold to seven-fold this year compared to the previous year.
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