What is the global market size of Soil Conditioners Market?

Soil Conditioners Market size was valued at USD 5.21 billion in 2021 and is poised to grow from USD 5.58 billion in 2022 to USD 10.34 billion by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).

Soil Conditioners Market Size, Share, Growth Analysis, By Type (Surfactants, Gypsum, Super Absorbent Polymers, and Others), Formulation (Liquid and Dry), Application (Agriculture, Construction & Mining, and Others), Soil Type, Crop Type and By Region - Industry Forecast 2024-2031

Report ID: SQMIG30H2120 | Region: Global | Published Date: November, 2024
Pages: 165 | Tables: 96 | Figures: 76

Soil Conditioners Market Regional Insights

As a result of its extensive fertile lands and advantageous climatic conditions, Asia Pacific is regarded as one of the greatest marketplaces for agricultural products. Despite these fortunate circumstances, the region is experiencing severe soil deterioration as a result of the frequent cropping required to supply the need for food. In such a situation, soil conditioners, such as compost, play a crucial role in refilling the nutrient-depleted soil as an alternative or addition to chemical fertilizers. The oldest and most popular method of refueling plants with nutrients is the use of organic manure, such as farmyard waste and green manure, in nations like India.

According to a report by the Food and Agriculture Organization of the United Nations (FAO), farmyard manure is the most prevalent of the organic manures in India due to a high animal population, with cattle producing 90.0% of the nation's total manure production. Increased soil erosion rates, land clearing, deforestation, etc. have forced farmers to rely on soil conditioners to increase yields and soil health in order to meet the region's expanding food demand. So, in the future, this is anticipated to fuel the demand for soil conditioners.

Soil Conditioners Market Report Snapshots

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Global Soil Conditioners Market size was valued at USD 1.9 billion in 2022 and is poised to grow from USD 2.1 billion in 2023 to USD 4.08 billion by 2031, growing at a CAGR of 8.30% during the forecast period (2024-2031).

Due to the existence of multiple major businesses as well as local and regional participants, the market is very competitive. As they attempt to increase the number of conditioners in their present portfolio and take advantage of attractive chances, market participants have largely followed the merger and acquisition strategy. UPL declared the completion of the acquisition of Arysta LifeScience, which is anticipated to aid UPL in improving its position internationally and broadening the range of its products. 'BASF ', 'Syngenta ', 'Novozymes ', 'Solvay ', 'UPL ', 'Evonik Industries ', 'Eastman Chemical Company ', 'ADEKA Corporation ', 'Rallis India Limited ', 'Humintech GmbH ', 'GreenBest Ltd ', 'Omnia Specialities Australia ', 'Grow More, Inc. ', 'Geoponics Corp. ', 'Delbon ', 'FoxFarm Soil & Fertilizer Co. '

The expansion of the worldwide soil conditioners market is driven by an increase in deforestation, soil erosion, and land clearing as well as an increase in the usage of organic soil conditioner in agriculture and gardening applications. However, the soil conditioners market growth is constrained by the lengthy process, high cost of inorganic soil conditioners, lack of knowledge, and slow rate of adaptation. Inorganic soil conditioners are also mineral-based soil conditioners that can be used to improve the quality of the soil. They contain macro- and micronutrients that enable plants to absorb nutrients readily over a longer period of time. In the upcoming years, these elements create fresh chances.

The Food and Agriculture Organization (FAO) projects that by 2050, irrigated land would grow by 17.0% and land that is equipped for irrigation will increase by 32.0 million hectares. These conditions are likely to occur in emerging nations, which is causing the crops' lack of nitrogen delivery. As a result, there will be a decrease in crop output and a corresponding fall in product quality. The amount of arable land, which is mostly used to produce food, is decreasing as a result of the rising population worldwide.

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Soil Conditioners Market Size, Share, Growth Analysis, By Type (Surfactants, Gypsum, Super Absorbent Polymers, and Others), Formulation (Liquid and Dry), Application (Agriculture, Construction & Mining, and Others), Soil Type, Crop Type and By Region - Industry Forecast 2024-2031

Soil Conditioners Market Regional Insights

Soil Conditioners Market Report Snapshots

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