“Soil conditioners market is projected to grow at a CAGR of 8.16% in terms of value.”
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 demand for soil conditioners is projected to grow due to the need for enhanced nutrient management in soil, for better crop yield. Technological advancements in agriculture such as use of precision agriculture concepts in crop & soil management are the key drivers for the soil amendment products. Soil nutrition and moisture management have drawn higher attention of agronomists in agriculture field (especially in areas with frequent moisture stress in soil and areas with precision agriculture practices). On the other hand, limited awareness level about the benefits of soil conditioners among the farmers is the key restraint that is hindering the growth of the market.
“Cereals & grains segment is projected to be the fastest growing segment in the soil conditioners market.”
The soil conditioners are used on various crop types such as grains & cereals, oilseeds & pulses, and fruits & vegetables. The cereals & grains segment is projected to be the fastest growing segment in the soil conditioners market, owing to shallow root system of these crops. The oilseeds & pulses segment accounts for the largest share among all crop types. Application of polyacrylamides as soil conditioners for oilseeds & pulses reduces the damaging effect of stress on plants and accelerates the restoration of the growth processes. It develops soil aggregation, reduces crust hardness, increases infiltration rate, and prevents erosion.
“Hydrogels segment is projected to be the fastest growing segment in the soil conditioners market”
Water-soluble soil conditioners are used as wetting agents that enhances water holding capacity of soil. Moreover, hydrogels are insoluble crosslinked hydrophilic polymers with special water-absorbent characteristics, used as soil conditioners for various agricultural and industrial applications. They are available in both dry and liquid forms, which are applied to the soil to enhance its physical, chemical, and biological properties. The hydrogels segment is projected to grow at a higher CAGR than water-soluble ones, because of the former’s higher efficacy of absorbing water.
“Asia-Pacific is projected to be the fastest-growing region in the soil conditioners market.”
The Asia-Pacific region is projected to be the fastest-growing market for soil conditioners, in terms of both value and volume, during the forecast period. The Asia-Pacific region comprises developing countries with vast agricultural land. Moreover, this region has clay soil in abundance, which gets compacted and forms cracks when dry; soil conditioners loosen the compact clay soil by increasing the aeration and soil porosity, which helps to make this soil suitable for cultivation.
Break-up of primaries:
? By Company Type: Tier 1 – 40 %, Tier 2 – 40%, and Tier 3 – 20%
? By Designation: C level – 40%, Director level – 10%, and Others – 50%
? By Region: Europe – 60%, Asia-Pacific – 20%, North America - 20%
The soil conditioners market is dominated by key players such as BASF SE (Germany), The Dow Chemical Company (U.S.), Akzo Nobel N.V. (Netherlands), Evonik Industries AG (Germany), and Solvay S.A. (Belgium). Other players include Croda International Plc (U.K.), Clariant International AG (Switzerland), Lambent Corp. (U.S.), Adeka Corporation (Japan), and Eastman Chemical Company (U.S.).
The report analyzes the soil conditioners market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, application, solubility, crop type, soil type, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall soil conditioners market and submarkets. This report will help stakeholders to better understand the competitive landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities.