Global Soil Conditioners Market - 2023-2030
Market Overview
The global soil conditioners market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 3.76% during the forecast period (2023-2030).
The quality and fertility of the soil can be increased by using soil conditioners. Additionally, these are employed to improve the quality of the degraded soil. The pH of the soil can be controlled, and soil conditioners can also help the soil retain more water. Both organic and non-organic forms of soil conditioners are available. Soil conditioner demand will be positively and directly impacted by the expansion of the agricultural sector. Increased knowledge of the advantages of natural and organic soil conditioners will lead to increased demand for these products. The soil conditioners market will have lucrative opportunities as a result of growing need and demand for products that improve soil quality.
Market Dynamics
Degradation of soil structure and condition drives the market expansion.
The Food and Agriculture Organization (FAO) projects that by 2050, irrigated land will grow by 17.0% and land that is equipped for irrigation will increase by 32.0 million hectares. These scenarios are anticipated to occur in developing nations, leading to an inadequate supply of crop nutrients. A UN estimate states that 2 billion people are impacted by land degradation worldwide, and approximately 1.9 billion hectares of land have lost productivity. By 2050, 95% of the land on Earth will have deteriorated if land degradation continues at this rate. As a result, there will be a decrease in crop yield and a deterioration in the quality of the finished product. The amount of arable land devoted to food production is decreasing as a result of the expanding global population. This calls for cultivation in subpar soils. Due to increased soil erosion, overgrazing, and other human-caused activities like deforestation, mining, industrial development, etc., soil degradation has a direct and indirect impact on agricultural productivity and water quality. The market for soil conditioners has recently been driven by the need for inputs to improve soil condition. Increasing soil conditioners and irrigation use efficiencies address this need.
Rising awareness about the benefits of natural and organic soil conditioners drives the market expansion
In the context of a soil conditioner, the term ""organic"" refers to carbon-based material that was once alive. In general, organic soil conditioners will enhance any type of soil in a number of ways which further drives the market expansion. For instance, Richgro offers organic soil conditioners. Every garden will profit from using them because their primary function is to provide nutrition to plants. Organic soil conditioners belong to the same category as fertilisers and, depending on their type and composition, can either be used to revive fertile soil or to transform infertile soil.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global soil conditioners market is segmented based on type, product, solubility, soil type, crop type and region.
Water solubility segment holds significant market share in global soil conditioners market.
The segment with the highest CAGR during the forecast period is expected to be water solubility. As it offers crop growers a variety of options for combining soil conditioners with insecticides, fungicides, or adjuvants, the factors that can be attributed to its formation. Farmers prefer liquid soil conditioners over the dry form because they can conceal larger crop areas with a smaller amount of product compared to the dry form.
Geographical Analysis
Asia Pacific holds the highest share in global soil conditioners market
Due to its extensive fertile lands and advantageous climatic conditions, Asia-Pacific is regarded as one of the largest markets for agricultural products. Despite these advantageous circumstances, the area is experiencing severe soil degradation as a result of frequent cropping to meet the demand for food. In such a situation, soil conditioners, such as compost, are crucial in replenishing nutrient-depleted soil as a replacement or addition to chemical fertilizers. The oldest and most popular method of refuelling plants with nutrients is organic manure, which includes farmyard manure and green manure in nations like India. According to a report by the Food and Agriculture Organization (FAO), farmyard manure is the most popular organic manure in India due to the high animal population there, with cattle producing 90% of the nation's total manure production.
Competitive Landscape
The major global players in the market include. BASF SE, Solvay S.A., Syngenta AG, Nufarm, AkzoNobel, UPL Limited, Saint-Gobain Group, Omnia Holdings Limited, Sanoway GmbH, Evonik Industries AG, and among others.
Why Purchase the Report?
• To visualize the global soil conditioners market segmentation based on type, soil type, product, solubility, crop type and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of soil conditioners market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global soil conditioners market report would provide approximately 53 tables, 54 figures and 195 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Emerging Companies
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