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Soil Conditioners Market Analysis, By Type (Natural and Synthetic), By Formulations (Dry and Liquid), By Crop Type (Cereals, Oilseeds & Pulses, and Fruits & Vegetables), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI107229 | Status : UpcomingSoil conditioners feature a diversity of products; made from organic materials, such as gypsum, phosphogypsum, lime or natural deposits, which are responsible for improving the soil structure and strengthening the crop yields. The conditioners contribute to the growing demand for a clean and adulterant-free supply of food worldwide. Apart from this, soil conditioning plays a vital role in controlling soil degradation and the improvement of soil-water relations as well as physical, chemical, and biological properties of soil. The global soil conditioners industry has gained traction owing to the rising area under agricultural crops, and poor soil fertility rate due to the excessive use of chemical fertilizers, is expected to witness substantial growth in the upcoming years.
The role of soil amendments has been extensive in farming by increasing the soil fertility, quality, texture, and nutrient holding capacity, thereby increasing the opportunities for soil conditioners market growth. The rising focus on soil health to boost crop yield encouraged key players to focus on developing effective soil conditioners, further driving the market expansion. However, the price sensitivity and low market penetration rate are the critical macro factors hindering the momentum of soil conditioners industry growth.
Impact of COVID-19 on Soil Conditioners Market
Since the outbreak of the coronavirus infection, several restrictions were imposed on individuals for a longer period of time. The governments of various countries imposed lockdown restrictions which severely impacted every aspect of the agricultural industries. Such circumstances have harshly hampered the production and product demand, affecting the overall market sales.
The global soil conditioners market share is expected to witness a prominent growth due to the rising awareness regarding soil health, increasing soil testing, and growing demand for premium quality crop yield amongst the consumers.
Key Insights
- Overview of parent/related market
- Drivers, restraints, and opportunities
- Partnerships, mergers, and acquisitions by key market players
- Key trends and innovations
- Regulatory analysis
- Impact of COVID-19 on the soil conditioners market
Analysis by Formulation
Based on formulation, the soil conditioners market is segmented into dry and liquid. The liquid segment is expected to hold a significant share in the soil conditioners industry owing to its ability to mix with other liquid forms of agrochemicals. In contrast to the dry form, the liquid conditioners are more convenient and easy to use and can be used in combination with chemical pesticides and fertilizers.
Regional Analysis
The Asia Pacific soil conditioners market size is likely to hold a significant share in the market and is recognized as one of the largest agricultural producers, mainly due to its abundant arable lands and favorable climatic conditions. Various factors such as increased rate of soil erosion and deforestation has necessitated the farmers in the region to rely more on liquid soil conditioners for the sound quality of crop production.
South America is projected to exhibit appreciable growth during the forecast period. This is due to the significant presence of agricultural hubs and rising population across the nation. Regions such as Brazil and Argentina are one of the leading producers of staple foods, which propels the demand for soil conditioners in the soil conditioners market.
Key Players
- Vantage Specialty Chemicals (U.S.)
- Aquatrols (U.S.)
- Rallis India Limited (India)
- Humintech GmbH (Germany)
- GreenBest Ltd (U.K.)
- Omnia Specialities Australia (Australia)
- Grow More Inc. (U.S.)
- Geoponics Corp. (U.S.)
- Delbon (France)
- BASF (Germany)
- Syngenta (Switzerland)
- Novozymes (Denmark)
Soil Conditioners Market Segmentation Analysis
By Type | By Formulation | By Crop Type | By Geography |
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Key Industrial Developments
- April 2019: UPL Limited announced its USD 4.2 billion acquisition of Arysta Life Sciences from Platform Specialty Products. In addition, UPL Limited acquired the portfolio of soil conditioners to strengthen its product offerings.
- April 2018: Omnia Holdings expanded its presence by acquiring Oro Agri SEZC, which is specialized in manufacturing soil adjuvants and conditioners.
- Global
- 2023
- 2019-2022