Global Soil Conditioners Market: Introduction
Addition of soil conditioners to the soil improves its fertility. These conditioners serve two main purposes in the agro industry: enhancing the quality of poor soil and rejuvenating the soil damaged caused by inappropriate soil management. Soil conditioners are used to improve the water retention capabilities in coarse and dry soils by regulating its pH level. Soil conditioners address challenges observed by the farmers, such as: reduction of nitrogen loss, nutrients uptake optimization, etc.
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Global Soil Conditioners Market: Trends & Demands
According to the United Nations’ projections, the global population is estimated to reach 8.5 billion by 2030, which is estimated to further exceed 9.1 Bn by 2050. Growth in population and dearth of arable land is likely to boost the demand for rich agricultural yields in the near future. This, in turn, is projected to create opportunities in the soil conditioners market by 2026. Increasing demand for soil with high nutritive content is raising awareness about soil management practices. However, the soil conditioners market is likely to face some challenges during the forecast period. For instance, additional expenses involved in soil conditioning and lack of technical expertise associated with its usage are likely hamper their adoption during the forecast period.
Global Soil Conditioners Market: Key Segments
Based on product type, the global soil conditioners market can be bifurcated into natural and synthetic. Natural soil conditioners consist of polysaccharide derivatives, crop residue, animal dung, sewage sludge, compost, and other organic products, while synthetic soil conditioners include gypsum, polymers, and synthesized minerals.
In terms of solubility, the soil conditioners market can be segmented into water soluble soil conditioners and hydrogels. The hydrogels segment is projected to expand at a rapid pace during the forecast period. Based on crops, the soil conditioners market can be segregated into oilseeds & pulses, fruits & vegetables, cereals & grains, and other crops. In terms of application, the soil conditioners market can be classified into agricultural and industrial.
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Global Soil Conditioners Market: Regional Outlook
In terms of region, the global soil conditioners market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific led the global soil conditioners market in 2017. According to recent statistics presented by the Food and Agricultural Organization (FAO), urban areas are estimated to constitute about 70% of the global population by 2050. High rate of urbanization is likely to lead to increase the need for enhanced agricultural productivity in the next few years. In terms of demand, Asia Pacific accounted for a large share of the global soil conditioners in 2017 due to robust traits of urbanization and massive agricultural land. This trend is projected to continue during the forecast period.
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Global Soil Conditioners Market: Key Players
Key manufacturers in the global soil conditioners market include BASF SE., Syngenta AG, Solvay S.A., AkzoNobel N.V., Evonik, Novozymes A/S, Clariant AG, Eastman Chemical Company, Croda International PLC, Syngenta, and Timac Agro. The industry participants have been significantly investing in R&D in the last few years, as product innovation is a crucial growth indicator the overall soil conditioners market. For instance, in June 2018, BASF SE. launched a new generation soil lubricating foam, MasterRoc SLF 50, for the underground construction sector. The company marked a crucial innovation with this product designed for enhancing the advance rate for the tunnel boring machine (TBM) by reducing friction, resulting in the increased tunnel excavation efficacy.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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