The global soil conditioners
market will grow at a CAGR of 7.6% from 2018 to 2023 to reach USD 6,886.9
million by 2023, primarily driven by reduction in arable land, increasing
awareness about soil management practices, growing demand for organic farming
and organic foods, and wide range of benefits of soil conditioners. Moreover,
emerging economies such as Latin America, Asia Pacific, and Africa provides
significant opportunity for the manufacturers. However, low adoption rate of
soil conditioner is one of the major factors restraining the growth of this
market to some extent.
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The global soil conditioners market
is mainly segmented by product type (natural and chemical), solubility (water
soluble and hydrogels), soil type (sand, silt, clay, loam, and peat), by
application (agriculture and industrial), and crop type (cereals& grains,
oilseeds, fruits & vegetable, and others). Based on product type, natural
soil conditioners held the largest share of the global soil conditioners market
in 2017, primarily attributed to growing environmental and public health
concerns with use of chemical soil conditioners, growing organic farming,
increasing demand for chemical residue free agricultural products, and
government support to use natural soil conditioners across the globe. Moreover,
in the natural soil conditioners, polysaccharides commanded the largest share
with a healthy growth projected during the forecast period.
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Based on solubility, water soluble
soil conditioners commanded the largest share in 2017 and are expected to
dominate global soil conditioners market during the forecast period, owing to its
properties such as more effective water holding capacity and better soil
stabilization.
Based on soil type, sand soil
commanded the largest share of the global soil conditioners market in 2017;
however, the clay soil is expected to witness rapid growth during the forecast
period, mainly due to growing need to overcome the problems of clay soils such
as poor aeration and drainage.
Based on application, agricultural
soil conditioners accounted for the major share of the global soil conditioners
market in 2017 and are expected to dominate global soil conditioners market
during the forecast period. The factors such as growing population, increasing
organic farming, growing reduction in arable land, and wide range of benefits
of soil conditioners in agriculture such as improvement in soil fertility,
texture, and quality are increasing the use of soil conditioners for
agricultural applications.
Geographically, this market is
segmented into five major regions which comprise North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa. Asia Pacific commanded
the largest share of the global soil conditioners market in 2017, followed by
Europe and North America region. The large share of this region is primarily
attributed to availability of large arable land, growing population, and
adoption of new farming practices. However, Latin American region slated to
register the fastest growth during the forecast period, primarily due to large
area under agriculture cultivation, increasing demand for crop yield &
efficiency, and growing organic farming.
The key players operating in the
global soil conditioners market are BASF SE, Solvay S.A., The Dow Chemical
Company, Loveland Products, Inc., Eastman Chemical Company, Akzo Nobel N.V.,
Evonik Industries AG, Aquatrols, Sanoway GmbH, and Biosoil Farm, Inc.
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