The report “Soil Conditioners Market by Type (Natural, Synthetic), Solubility (Water-soluble, Hydrogels), Application (Agricultural, Industrial), Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), Soil Type, and Region – Global Forecast to 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%. 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.
The years considered for the study are as follows:
- Base year: 2016
- Estimated year: 2017
- Projected year: 2022
- Forecast period: 2017 to 2022
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Natural soil conditioners, with respect to type, is projected to dominate the soil conditioners market
Natural soil conditioners segment dominated the market as their usage in soil conditioning is traced traditionally for several years. Natural soil conditioners properties such as improving soil structure and reduced compaction in soil along with ease of local availability and trending organic farming concepts are the key factors that are driving this segment market. Within natural soil conditioners, polysaccharide derivatives accounted for the major share in 2016.
Agricultural applications are driving the soil conditioners market globally
The agricultural applications segment accounted for a larger share in the soil conditioners market in terms of both, value and volume, in 2016. Soil conditioners plays a prominent role for agricultural application with their ability to improve the soil fertility, texture, and quality. Moreover, soil conditioners are also used for tunneling and mining purposes to loosen the soil for easy excavation and to stabilize the excavated soil.
Clay soil segment is projected to be the fastest growing in the soil conditioners market
The application of soil conditioners in clay soils is projected to grow at the highest rates compared to other soil types as clay soil gets easily compacted and requires loosening of soil particles to support the better plant growth and increased water infiltration rate. Other soil types such as sandy and peat soils require soil conditioners for enhanced water holding capacity.
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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).