Global Soil Conditioners Market

Due to the rising population and declining arable land, there is a substantial increase in the demand for these soil conditioners on the market. Rapid industrialization around the world has resulted in impacted soil texture by increasing salinity and acidity. Moreover, rising irrigation is fuelling the demand for soil conditioners. For instance, according to the Food and Agriculture Organization (FAO), by 2050, irrigation-ready land would increase by 32.0 million hectares, while cultivated irrigated land would increase by 17.0 percent. These situations are likely to play out in developed countries, resulting in a lack of nutrient availability for crops. As a result, crop yields are decreasing, and the consistency of the finished commodity is deteriorating. The proportion of arable land, which is mainly used to cultivate food, is decreasing as the world’s population grows. This necessitates the use of low soils for agriculture. Farmers all over the world are using soil conditioners including green manure, compost, and other organic matter to restore soil fertility and improve soil composition, allowing plants to absorb nutrients and water more effectively. Companies in the sector are launching new goods to meet the needs of farmers who want to improve the quality and composition of their soil. However, the low adoption rate and high cost of inorganic soil conditioners may impede market growth over the forecast period of 2021-2027.

Global Soil Conditioners Market is valued at approximately USD 1.7 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8.3 % over the forecast period 2021-2027 and is estimated to reach USD 3.0 billion by 2027.

The regional analysis of the global Soil Conditioners Market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America, and the Rest of the World. Asia-Pacific is considered one of the largest markets for agricultural products due to its vast fertile fields and favorable climatic conditions. Whereas North America is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, as the United States is one of the world’s largest crop-producing nations, with a strong regulatory system that favors market trends and technological advancement in farming methods. It is one of the largest wheat and maize growers in the world.

Major market players included in this report are UPL Limited, Southern Petrochemical Industries Corporation Ltd (SPIC), Saint-Gobain Group, Omnia Holdings Limited, Sanoway GmbH, Evonik Industries AG, Mangalore Chemicals & Fertilizers Limited, Geoponics Corp., FoxFarm Soil & Fertilizer Co., and GreenBest Ltd.
The detailed segments and sub-segment of the market are explained below:

By Product Type: Organic(Compost, Green and Farmyard Manure, Peat, Others), Inorganic( Polymers, Gypsum)
By Application: Agriculture, Construction & mining, Others

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Bizwit Research & Consulting LLP