REDDING, Calif., July 2, 2024 /PRNewswire/ -- According to a new
market research report titled, 'Soil Conditioners Market
Size, Share, Forecast, & Trends Analysis by Type (Organic
{Polysaccharides}, Inorganic), Solubility (Water-soluble), Soil
Type (Loam, Sand, Silt, Peat), Crop Type (Grains & Cereals,
Fruit & Vegetables) — Global Forecast to 2031' by
Meticulous Research®, the soil conditioners market
is projected to reach $9.50 billion by 2031, at
a CAGR of 7.7% from 2024 to 2031.
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Arable land is one of the most important resources for
agricultural production. Numerous cultivation techniques have
emerged over the years, resulting in the overutilization of land
resources. This increasing use of land and the constantly rising
demand for improved agricultural output have resulted in land
exploitation, with degradation in the quality and a decrease in the
quantity of land available for agriculture.
Furthermore, according to the World Bank, by 2050, the world
will have more than 9.8 billion people to feed, an increase of
around 40% from current levels. This increase in the demand for
food is expected to exert immense pressure on the already
decreasing arable land. Therefore, it is imperative to improve
agricultural soil quality using soil conditioners.
Soil conditioners are added to soil to improve its properties
and control erosion. Soil conditioners improve soil structure and
aeration and increase the soil's water and nutrient-holding
capacity. They also help loosen compacted, hardpan, and clay soils
and release locked-up nutrients. Soil conditioners can also raise
or lower pH levels. Thus, the growing global food demand and the
declining availability of arable land are expected to boost the
utilization of soil conditioners, driving the growth of this
market.
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The growth of this 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 regarding soil conditioners restrains the growth of
this market.
Additionally, the increasing utilization of soil conditioners in
emerging economies is expected to create growth opportunities for
players operating in the soil conditioners market. However, lengthy
product approval and registration processes are some of the
challenges impacting the market's growth.
Key Players:
The key players operating in the 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 soil conditioners market study presents historical market
data (2022 and 2023), estimated current data (2024), and forecasts
for 2031—by type (organic {polysaccharides and other organic soil
conditioners} and inorganic {minerals, gypsum, and polymers},
solubility (water-soluble and water-insoluble {hydrogels and other
water-insoluble soil conditioners}), soil type (loam soil, sand
soil, clay soil, silt soil, and peat soil), crop type (cereals
& grains, fruits & vegetables, oilseeds & pulses, and
other crop types), and geography (North
America, Europe,
Latin America, Asia-Pacific, and the Middle East & Africa). The study also evaluates industry
competitors and analyzes the market at the regional and country
levels.
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Key Findings in the Soil Conditioners Market Study:
Among the types covered in this report, the organic segment is
projected to register the highest CAGR during the forecast period.
This segment's growth is driven by the rising concerns regarding
environmental and public health stemming from the use of chemical
products, the increasing demand for chemical residue-free
agricultural products, and supportive government initiatives aimed
at promoting organic agricultural practices.
Among the types of solubility covered in this report, in 2024,
the water-soluble segment is expected to account for the larger
share of 65.7% of the soil conditioners market. The large
market share of this segment can be 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.
Among the soil types covered in this report, in 2024, the loam
soil segment is expected to account for the largest share of
48.0% of the soil conditioners market. The large market
share of this segment can be attributed to the widespread adoption
of soil conditioners for loam soil due to its low water retention
and nutrient-holding capacity and the frequent use of this soil
type for rotational crops.
Among the crop types covered in this report, the oilseeds &
pulses segment is projected to register the highest CAGR during the
forecast period. This segment's growth is driven by the increasing
global production of oilseeds & pulses, the rising consumer
demand for organic produce free from chemical residues, and the
growing adoption of natural soil conditioners specifically tailored
for oilseeds & pulses.
Among the regions covered in this report, in 2024, Asia-Pacific is expected to account for the
largest share of 42.8% of the soil conditioners market.
Asia-Pacific's significant market
share can be attributed to its vast arable land, expanding
population, adoption of modern farming practices, increasing
consumer concerns about soil quality, the rising popularity of
organic farming, and increased awareness among consumers regarding
chemical hazards.
Moreover, the market in Asia-Pacific is projected to witness the
highest CAGR during the forecast period. The growth of this
regional market is driven by factors such as the increasing crop
yield losses caused by inappropriate soil management practices, the
rising adoption of organic farming, and increasing consumer
awareness regarding chemical hazards.
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Scope of the Report:
Soil Conditioners Market Assessment—by Type
- Organic
- Polysaccharides
- Other Organic Soil Conditioners
- Inorganic
Soil Conditioners Market Assessment—by
Solubility
- Water-Soluble
- Water-Insoluble
- Hydrogels
- Other Water-insoluble Soil Conditioners
Soil Conditioners Market Assessment—by Soil
Type
- Loam Soil
- Sandy Soil
- Clay Soil
- Slit Soil
- Peat Soil
Soil Conditioners Market Assessment—by Crop
Type
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Other Crop Types
Soil Conditioners Market Assessment—by
Geography
- North America
- Europe
- France
- Germany
- U.K.
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Rest of Latin America
- Middle East & Africa
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