Soil Conditioners Market to be Worth $8.8 Billion by 2030


Posted January 9, 2024 by Abhijagtap

the soil conditioners market is projected to reach $8.8 billion by 2030, at a CAGR of 7.6% from 2023–2030. The growth of the soil conditioners market is driven by the decrease in arable land, increasing focus on soil management practices
 
Meticulous Research®—a leading global market research company, published a research report titled, ‘Soil Conditioners Market by Type (Organic {Polysaccharides}, Inorganic), Solubility (Water-soluble, Water-insoluble), Soil Type (Loam, Sand, Clay, Silt, Peat), Crop Type (Grains & Cereals, Fruit & Vegetables, Oilseeds & Pulses) - Global Forecast to 2030.’
According to this latest publication from Meticulous Research®, the soil conditioners market is projected to reach $8.8 billion by 2030, at a CAGR of 7.6% from 2023–2030. The growth of the soil conditioners market is driven by the decrease in arable land, increasing focus on soil management practices, growth in organic farming, and the rising demand for organic food. However, low awareness about soil conditioners restrain the growth of this market. Additionally, the increasing utilization of soil conditioners in emerging economies is expected to create growth opportunities for the players operating in the soil conditioners market.
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Key Players
The key players operating in the global soil conditioners market are BASF SE (Germany), Loveland Products, Inc. (U.S.), Eastman Chemical Company (U.S.), Evonik Industries AG (Germany), Aquatrols ( A Part of Lamberti S.P.A.) (U.S.), Sanoway GmbH (Austria), Jaipur Bio Fertilizers (India), Syngenta AG ( A Part of China National Chemical Corporation/ChemChina) (Switzerland), UPL Limited (India), FMC Corporation (U.S.), and Omnia Specialities Pty (Australia).
The global soil conditioners market study presents historical market data in terms of value (2021 and 2022), estimated current data (2023), and forecasts for 2030. This market is segmented by type, solubility, soil type, crop type, and geography.
Based on type, the global soil conditioners market is segmented into organic (polysaccharides and other organic soil conditioners) and inorganic (minerals, gypsum, polymers). In 2023, the organic segment is expected to account for the larger share of the global soil conditioners market. The segment’s large market share is attributed to environmental and public health concerns stemming from chemical product use, the increasing demand for chemical residue-free agricultural products, and supportive government initiatives aimed at promoting organic agricultural practices. Moreover, the organic segment is expected to register the highest CAGR during the forecast period of 2023–2030.
Based on solubility, the global soil conditioners market is segmented into water-soluble and water-insoluble. The water-soluble segment is expected to account for the larger share of the soil conditioners market. The large market share of this segment is attributed to the benefits offered by water-soluble soil conditioners, including their effectiveness in retaining water, stabilizing soil, and mitigating the risk of nutrient buildup in farmlands.
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Based on soil type, the global soil conditioners market is segmented into loam, sand, silt, clay, and peat soil. In 2023, the loam soil segment is expected to account for the largest share of the global soil conditioners market. The segment’s large market share is mainly attributed to the widespread adoption of soil conditioners for loam soil due to its low water retention and nutrient-holding capacity and frequent use for rotational crops. However, the clay soil segment is expected to register the highest CAGR during the forecast period of 2023–2030.
Based on crop type, the soil conditioners market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, and other crops. The oilseeds & pulses segment is expected to register the highest CAGR during the forecast period. The growth of this segment is mainly attributed to the increasing global production of oilseeds and pulses, the rising consumer demand for organic produce free from chemical residues, and the growing adoption of natural soil conditioners specifically tailored for oilseeds and pulses.
Based on geography, the global soil conditioners market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global soil conditioners market. Asia-Pacific’s significant market share is attributed to the region’s large arable land, rapid population growth, consumer awareness about soil quality, the rise of organic farming, and increased awareness regarding chemical hazards.
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Key Questions Answered in the Report-
• What is the current revenue generated by soil conditioners globally?
• At what rate is the global demand for soil conditioners projected to grow for the next 5–7 years?
• What are the historical market sizes and growth rates of the global soil conditioners market?
• What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
• Which segments in terms of type, solubility, soil type, and crop type are expected to create major traction for the manufacturers in this market?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global soil conditioners market?
• Who are the major players in the global soil conditioners market? What are their specific product offerings in this market?
• What are the recent strategic developments in the global soil conditioners market? What are the impacts of these strategic developments on the market?
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Categories Agriculture , Business , Research
Last Updated January 9, 2024