Global Soil Conditioners Market Outlook, Industry Analysis and Prospect 2024
Market Overview
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.
Market Forecast
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.
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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 8.0% of soil
conditioners market during the forecast period 2017-2023.
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Downstream analysis
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.
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.
Regional Analysis
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.
Key Players
- 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)
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