The global soil conditioners market is anticipated to witness robust growth over the coming years owing to growing demand for agriculture, technological advancements, and rising need for better crop yield. Soil conditioners are products added to soil in order to improve its physical quality, including fertility and texture, as well as to provide nutrition to crops. They are also used to maintain moisture and nutritional value of soil.
Shrinking availability of arable land is another prime factor driving the market. However, increased preference for organic farming and toxicity caused by usage of synthetic conditioners may restrain market growth in future. As a result, manufacturers have shifted their focus toward production of organic products. Lack of awareness regarding benefits of the product is also anticipated to hinder market growth.
Leading companies are developing wider product ranges owing to increased preference for organic products over synthetic. In addition, they are introducing products in two variants; one that is soluble in water and other in a hydrogel form. Demand for organic soil conditioners is predicted to rise in the forthcoming years due to increased consumer awareness.
The soil conditioners market can be segmented on the basis of soil type and land type. Product composition largely depends on the form and mineral availability in different soil types, such as silt, sand, clay, loam, and pleat. Sand accounts for a prominent share in the market owing to its widespread usagein agriculture. Clay is mostly preferred for organic farming owing to its capacity to hold rainwater and absorb nutrition.
Agricultural and industrial lands are the main land types wherein the product is extensively employed. Agricultural land can be further split based on type of crop cultivated, such as cereals, grains, oilseeds, fruits, and vegetables. These products are usually added before cultivation or during crop cultivation to solve problems, such as water retention, lack of nutrition, and cation exchange.
Asia Pacific is anticipated to dominate the market owing to availability of vast agricultural land, growing agricultural activities, and advancement in the agriculture industry, particularly in developing countries such as China and India. North America is likely to emerge highly lucrative, followed by Europe, owing to rising awareness regarding efficient agricultural techniques, rise in global population, and increase in agricultural R&D activities, which are focused on improving quality as well as productivity.
Some of the leading players in the soil conditioners market are BASF SE., Solvay S.A., The Dow Chemical Company, Evonik Industries AG, and Agrium. Companies are focusing on product development considering regional characteristics. Regional expansion is expected to emerge as a major strategy in order to increase market penetration.
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