Global Soil Conditioners Market

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 News

  • In February 2019, Arysta LifeScience (Arysta) was acquired by UPL, a leading agrochemical firm, from Platform Specialty Products for USD 4.2 billion on Monday. The new UPL offers an integrated portfolio of crop protection chemicals, biosolutions, and seed treatments that span the whole crop value chain, as well as patented and post-patent agricultural solutions for diverse row crops and specialty crops.
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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.

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.

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Global Soil Conditioners Market

Report ID: SQMIG30H2120

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