The global soil conditioners market size is projected to grow at a CAGR of 8.16% to reach 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.
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.
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On the basis of application, soil conditioners market 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.
Based on solubility, soil conditioners may be water-soluble or hydrogels. In terms of value, the market is estimated to be led by the water-soluble segment during the projected period. Moreover, the water-soluble segment dominated the market in 2017 in terms of volume.
Asia-Pacific: Lucrative market for opportunities for soil conditioners
The Asia-Pacific region comprise developing countries with vast agricultural lands; the per capita income of the region depends on agricultural activities. Agricultural technologies are widely accepted and practiced in this region. Asia-Pacific dominates the soil conditioners market, with China and Australia & New Zealand leading the market. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as 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.), and Clariant International AG (Switzerland).
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