“Global market for soil conditioners is expected to witness robust growth due to growing demand”, says Visiongain
16 October 2019
Visiongain’s new report the Soil Conditioners Market Report 2020-2030: Forecasts by Type (Natural, Synthetic), By Soil Type (Sand, Silt, Clay, Loam, and Peat), By Solubility (Water soluble, Hydrogel), By Application (Agricultural, Industrial), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry.
In the coming years, the global market for soil conditioners is expected to witness robust growth due to growing demand for agriculture, technological advances and increased need for better crop yield. Soil conditioners are products added to the soil with the aim of improving its physical quality, including fertility and texture, as well as providing crops with nutrition. They are also used to preserve soil's moisture and nutritional value.
Shrinking arable land availability is another major driving factor for the market. Increased preference for organic farming and toxicity due to the use of synthetic conditioners may, however, restrict future market growth. As a result, manufacturers have shifted their focus to organic product production. It is also anticipated that lack of awareness of the product's benefits will hinder market growth.
Because of increased preference for organic products over synthetic, leading companies are developing wider product ranges. They also introduce products in two variants; one in water soluble form and the other in hydrogel form. Due to increased consumer awareness, demand for organic soil conditioners is predicted to increase in the coming years.
The market for soil conditioners can be segmented based on the type of soil and the type of land. The composition of the product depends largely on the shape and availability of minerals in various types of soil such as silt, sand, clay, loam and plough. Due to its widespread use in agriculture, sand represents a prominent market share. Because of its ability to hold rainwater and absorb nutrition, clay is mostly preferred for organic farming.
Asia Pacific is expected to dominate the market due to vast agricultural land availability, growing agricultural activity, and advancement in the agricultural industry, particularly in developing countries such as China and India. North America is likely to emerge highly lucrative, followed by Europe as a result of increasing awareness of efficient farming techniques, increasing global population, and increasing agricultural R&D activities focused on improving both quality and productivity.
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