Soil Conditioners Market on a Growth Trajectory: Projected to Reach a CAGR of 9.43% by 2032
Soil Conditioners Market Forecast
Soil Conditioners Market is estimated to reach USD 14.2 billion by the end of 2032, growing at a 9.43%.
Soil conditioners are primarily natural or synthetic fertilizers that contain biological components or chemical compounds. They are used in the agricultural area to enhance soil’s fertility. Additionally, these conditioners help in increasing crop productivity by providing nutritive soil support. The amount of crop-loss due to poor soil quality is increasing rapidly, which is a great concern among the crop producers. This has increased the demand for soil conditioners, which helps in providing adequate nutritional support to the soil for better crop productivity. Additionally, rising demand for organic fruits, vegetables, cereals, and pulses is projected to drive the growth of the natural soil conditioners market over the review period.
Furthermore, shrinking arable land is one of the major reasons for lesser crop yield, which is directly supporting the growth of the soil conditioners market. Additionally, advancements in the farming practices by the crop cultivators are adding fuel to the growth of the soil conditioners market. However, toxicity caused by the consumption of synthetic soil conditioners may hinder the market growth over the review period. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 9.43% of soil conditioners market during the forecast period 2022-2032.
Soil conditioners are segmented on the basis of type, which includes natural and synthetic soil conditioners. Natural soil conditioners hold the major market share followed by synthetic.
On the basis of the solubility, the soil conditioners market is segmented into water-soluble, hydrogels, and others. Among both, the water-soluble segment is dominating the market owing to ease of use in fields.
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On the basis of the crop, the soil conditioners market is segmented into fruits & vegetables, cereals & grains, pulses & oilseeds and others. The pulses & oilseeds segment is dominating the market owing to increased demand for pulses and oilseeds from the consumers.
On the basis of the soil type, the soil conditioners market is segmented in peat, loam, sand, silt, clay, and others. Among all the soil types, the loamy soil is dominating the global market.
The major players in soil conditioners market
- The Dow Chemical Company (U.S.)
- BASF SE (Germany)
- Akzo Nobel N.V. (the Netherlands)
- Solvay S.A. (Belgium)
- Clariant International AG (Switzerland)
- Croda International PLC (U.K)
- Adeka Corporation (Japan)
- Vantage Specialty Chemicals, Inc. (U.S.)
- Eastman Chemical Company (U.S.)
- Syngenta AG (Switzerland)
The global soil conditioners market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the global soil conditioners market followed by Europe. India accounts for a higher use of soil conditioners for enhancing soil fertility due to the presence of large cultivating land. Additionally, increased demand for soil conditioners to enhance soil aeration and porosity of sandy soil is considered to be a key driving factor in this region.
Furthermore, high acceptance of natural soil conditioners in India for producing organic fruits, vegetables, cereals, and pulses has uplifted the demand for natural soil conditioners. Additionally, government promotional activities towards the use of organic fertilizers among farmers are likely to surge the growth of the soil conditioners market.
Soil conditioners market is segmented on the basis of type, solubility, crop, soil, and region.