Soil Conditioners Market Trends, Top Companies, and Regional Share Forecast (2024-2033)"
Soil Conditioners Market Outlook
Soil Conditioners Market Size was valued at USD 6.3 Billion in 2022. The Soil Conditioners Market industry is projected to grow from USD 6.9 Billion in 2023 to USD 14.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.43% during the forecast period (2023 - 2032)
The Soil Conditioners Market insight has witnessed significant growth in recent years, driven by the rising demand for improved agricultural productivity and sustainable farming practices. Soil conditioners play a crucial role in enhancing soil structure, fertility, and water retention capacity, leading to better plant growth and yields. With a growing focus on eco-friendly solutions and organic farming, the adoption of soil conditioners has been on the rise across the globe. Moreover, the increasing awareness about soil health and its direct impact on food security has prompted farmers and agriculturalists to invest in innovative soil conditioning products. As technology advances and research in this field progresses, the Soil Conditioners Market is expected to continue its upward trajectory, offering promising opportunities for both established players and new entrants in the agricultural industry.
Growth Drivers and Deterrents
The soil types and their quality vary across regions, with physical characteristics including air permeability, nutrition absorption and water retention capacity acting as deciding factors. Better the soil quality, better is the nutritional value of the crops. This where soil conditioners enter the picture, as these synthetic or natural products foster the physical attributes and the fertility level of the soil for better agricultural produce. Soil conditioners are also deployed in various non-agricultural locations including industrial, household gardening and turfs. Considering the extensive application ranges, soil conditions are bound to experience robust demand in the years to come.
Developing countries such as India and Mexico are rapidly adopting advanced precision farming methods to bolster agricultural yield. Precision farming basically means managing the soil quality as well as crop growth using remote sensing, electronic equipment, computer models and accurate record-keeping. Precision farming primarily focuses on monitoring the soil quality by monitoring the nitrates, moisture as week as electrical conductivity, and is mostly practiced in locations with expensive labor is expensive. Precision farming helps curb crop wastage, boost average yield, and elevates the crop and soil quality.
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Brazil, Chile, and Argentina are agricultural hubs, and contribute significantly to the total farm outputs of South America. Brazil is the world’s leading soyabean producer while sugarcane is also produced at a large-scale. Most of the farmers in the country and the region adopt liquid soil conditioners as well as wetting agents, since these are easy to use, require less labor, and help foster the yield. The widespread arable land and the growth of farmlands across these countries will present lucrative opportunity to global soil conditioner manufacturers in the ensuing period.
Segmental Review
Soil conditioner types considered in the report are natural as well as synthetic. Natural soil conditioners are witnessing higher demand than the synthetic ones, as these are more organic and have no side effects generally associated with chemicals.
Depending on solubility, the soil conditioners industry caters to hydrogels, water-soluble, and others. Out of both, the water-soluble segment has secured the leading spot in the market due to their easy usability in fields.
The crops on which soil conditioners are used include pulses & oilseeds, cereals & grains, fruits & vegetables, and others. The leading position has been procured by the pulses & oilseeds segment as the demand for these crops is extensive among consumers.
The soil types mentioned in the MRFR market study are clay, loam, peat, silt, sand, and others. The loamy soil type dominates the global market.
soil conditioners market Outlook
The soil conditioners industry is spread across certain regions, namely North America, Europe, the Middle East & Africa along with Asia Pacific.
The North American market will presumably take the lead in the coming years, as adoption of soil conditioners has picked up pace in line with the modernization of the existing farming practices. Significant awareness level regarding soil management and the practices that facilitate it should also be favorable for the regional market. The agriculture sector in the United States happens to be one of the most important ones in the world. The U.S. Department of Agriculture reveals that the country, in 2018, consisted 2,029,200 of total farms that occupied around 899,500,00 acres of land. Most of the farmers are well-trained and make use of the latest technologies while also adopting innovative agricultural practices.
The fastest growth trajectory will be exhibited the Asia Pacific market, as the demand for soil conditioners is escalating rapidly parallel to the continuous decline in arable land. Exploding population and the mounting food demand also add to the demand for soil conditioners. Moreover, uptake of modern farming practices and the surging requirement for nutrition management to cut down fertilizers’ costs are touted to be key growth boosters in the following years.
Key Players are: BASF SE (Germany), Syngenta AG (Switzerland), Novozymes A/S (Denmark), The DOW Chemical Company (US), Adeka Corporation (Japan), Croda International PLC (UK), Clariant International AG (Switzerland), Vantage Specialty Chemicals, Inc. (US), Eastman Chemical Company (US), Evonik Industries AG (Germany), Akzo Nobel N.V (Netherlands), Solvay S.A. (Belgium), Lambent Corp. (US), TIMAC AGRO International (France), and Loveland Products, Inc (Canada)
Affluent Participants
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), have been identified as the strongest firms in the global industry.
Latest Updates
March 2021
Normet has expanded its TBM soil conditioner range to formulate an extensive line of eco-friendly high-performing polymers and surfactants. The new line aims to reduce the company’s additives’ impact on the environment, such as bringing down the toxicity level and fostering biodegradation. It also encourages using renewable raw materials to ensure maximum efficiency to reduce material consumption.
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