Soil Conditioners Market to Record Steady Growth by 2022

The soil conditioners market was valued at USD 4.90 Billion in 2016 and is projected to be valued at USD 7.83 Billion by 2022 with a CAGR of 8.16%

Northbrook, USA, 2020-Feb-24 — /EPR Network/ — The soil conditioners market is projected to grow at a CAGR of 8.16% from 2016, to reach a projected value of USD 7.83 Billion by 2022. The market growth is driven by increasing awareness about soil management practices, and need for enhanced nutrient in soil. The market is further driven by the factors such as advanced farming practices and ensuring food security.

Soil Conditioners Market

Soil conditioners are the additives which are used to various soils such clay, sandy, loam, peat, and silt to improve their physical and chemical properties. The major benefit of soil conditioners are they act as reservoir for nutrient, improves the water holding capacity, improves the soil structure, drainage, and aeration. Soil conditioners are used in the agricultural application for their various properties such as soil texture, and water holding capacity enhancement. Soil conditioners are used to obtain plant growth favorable soil structure (by adding texture to the soil), to enhance aeration and water-holding capacity, and to loosen compact soil. The growth of the soil conditioners market is driven by the increased awareness on soil management. On the other hand, low adoption rate is a major restraint to the soil conditioners market.

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The growth of the soil conditioners market is driven by the increased awareness on soil management. On the other hand, low adoption rate is a major restraint to the soil conditioners market. Soil conditioners find multiple applications in the agricultural sector, as well as the industrial sector, which includes tunneling and mining, hence creating more business opportunities for the soil conditioners market.

Based on type, the global market is segmented into natural and synthetic. The market is estimated to be led by the natural segment, followed by the synthetic segment, in terms of value in 2017. In terms of volume, the global market was led by the synthetic segment in 2017. Soil conditioners products are used as a soil amendment to alleviate its poor properties and to increase its productivity.

The soil conditioners market, on the basis of application, is segmented into agricultural and industrial applications. The demand for soil conditioners is forecasted to increase in the next few years due to increasing awareness about soil management practices, to have better yield of crops. The oilseeds & pulses segment accounted for the largest market share in 2016.

The Asia Pacific region dominated the market and accounted for the largest share, in terms of both value and volume, in the global market, in 2016. Factors such as large population, vast agricultural land, wide acceptance of agricultural technologies and soil with poorly developed layers in countries of the Asia Pacific region are driving the growth of the soil conditioners market.

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The key players in this market include BASF SE (Germany), The Dow Chemical Company (U.S.), Akzo Nobel N.V. (Netherlands), Evonik Industries AG (Germany), Solvay S.A. (Belgium), Croda International Plc (U.K.), Clariant International AG (Switzerland). Other players include Lambent Corp. (U.S.), Adeka Corporation (Japan), ADAMA Agricultural Solutions Ltd. (Israel), Alchemy-Spetec (U.S.), and AggreBind Inc. (U.S.).

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