Dublin, March 13, 2024 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
The soil conditioners market is projected to reach $8.8 billion by 2030, at a CAGR of 7.6% during the forecast period of 2023 to 2030. The report provides an in-depth analysis of the global soil conditioners market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 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.
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.
The global soil conditioners market is segmented by type [organic (polysaccharides and other organic soil conditioners) and inorganic (minerals, gypsum, polymers)], solubility (water-soluble and water-insoluble), soil type (sand, silt, clay, loam, and peat soil), crop type (cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops), and geography. The study also evaluates industry competitors and analyzes the country-level markets.
In 2023, the water-soluble segment is expected to account for the larger share of the global 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.
In 2023, the loam segment is expected to account for the largest share of the overall 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. The growth of this segment is driven by the growing need to overcome the problems of poor aeration and drainage in clay soil.
In 2023, the cereals & grains segment is expected to account for the largest share of the soil conditioners market. The large market share of this segment is attributed to the increased demand for cereals and 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 and ethanol manufacturing.
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?
Market Insights
Drivers
- Decreasing Arable Land and the Growing Need to Increase Crop Yield Accelerating the Use of Soil Conditioners
- Increasing Focus on Soil Management Practices to Drive the Demand for Soil Conditioners
- Growth in Organic Farming and the Rising Demand for Organic Food Boosting the Demand for Organic Soil Conditioners
Restraints
- Low Awareness About Soil Conditioners Hampering Their Adoption
Opportunities
- Increasing Utilization of Soil Conditioners in Emerging Economies to Generate Growth Opportunities for Market Stakeholders
Challenges
- Lengthy Approval and Registration Processes Pose Challenges in Bringing Products to Market
Company Profiles
- 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.)
- Omnia Specialities Pty (Australia).
Scope of the report:
Soil Conditioners Market Assessment - by Type
- Organic
- Polysaccharides
- Other Organic Soil Conditioners
- Inorganic
- Minerals
- Gypsum
- Polymers
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
- Sand Soil
- Clay Soil
- Silt 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
- U.S.
- Canada
- Europe
- France
- Germany
- U.K.
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Australia
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Rest of Latin America
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/h62uux
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