Redding, California - July 2, 2024
Soil Conditioners Market to Be Worth $9.50 Billion by 2031
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
Meticulous Research®—a leading global market research company, published a 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.’
According to this latest publication from Meticulous Research®, the soil conditioners market is projected to reach $9.50 billion by 2031, at a CAGR of 7.7% during the forecast period 2024–2031. 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
Some of 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 is segmented 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 country level.
Based on type, the soil conditioners market is segmented into organic and inorganic. In 2024, the organic segment is expected to account for the larger share of 75.2% of the soil conditioners market. The large market share of this segment can be attributed to 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.
Based on soil type, the soil conditioners market is segmented into loam, sand, clay, silt, and peat. The clay soil segment is projected to register the highest CAGR during the forecast period. This segment’s growth is driven by the growing need to overcome the problems of poor aeration and drainage in clay soil.
Based on crop type, the soil conditioners market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, and other crops. In 2024, the cereals & grains segment is expected to account for the largest share of 49.2% of the soil conditioners market. The large market share of this segment can be attributed to the increased demand for cereals & grains, which serve as staple foods in numerous countries, and the growing utilization of these crops in applications such as animal feed, biofuel production, and starch & ethanol manufacturing.
Based on geography, the soil conditioners market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in Asia-Pacific is projected to register 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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Key Questions Answered in the Report:
- What are the historical market sizes and growth rates of the soil conditioners market?
- At what rate is the demand for soil conditioners projected to grow over the next 5–7 years?
- What are the major factors impacting market growth at the regional and country levels? What are the 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 traction for the manufacturers in this market during the forecast period 2024–2031?
- What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for players operating in the soil conditioners market during the forecast period of 2024–2031?
- Who are the major players in the soil conditioners market? What are their specific product offerings in this market?
- What are the recent strategic developments in the soil conditioners market? What are the impacts of these strategic developments on the market?
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