What is the global market size of Soil Conditioners Market?

Soil Conditioners Market size was valued at USD 5.21 billion in 2021 and is poised to grow from USD 5.58 billion in 2022 to USD 10.34 billion by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).

Global Soil Conditioners Market Size, Share, Growth Analysis, By Type(Gypsum, Surfactants), By Formulation(Dry, Liquid), By Application(Agriculture, Construction & mining) - Industry Forecast 2024-2031

Report ID: SQMIG30H2120 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 96 | Figures: 76

Global Soil Conditioners Market Insights

Soil Conditioners Market size was valued at USD 5.21 billion in 2019 and is poised to grow from USD 5.58 billion in 2023 to USD 10.34 billion by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).

The use of soil conditioners is significantly expanding worldwide in order to feed the expanding global population on a finite amount of land without harming the environment. Due to their capacity to increase soil fertility, texture, and quality, soil conditioners are crucial in contemporary agriculture. Additionally, soil conditioners are utilized to stabilize excavated dirt during tunneling and mining operations. Additionally, the need for soil conditioners is rising globally as a result of growing organic farming and increased awareness of soil management.

The soil conditioners market is expected to grow at a CAGR of 5.8% over the course of the forecast period. The COVID-19 epidemic is primarily having an impact on the global soil conditioners industry. Due to supply chain interruptions and lockdown limitations, manufacturers have experienced operational difficulties. Due to the deadly spread of COVID-19 in China, Japan, and India, the Asia Pacific region is the main participant in the worldwide market that has been negatively impacted. The market for soil conditioners is expanding as a result of a number of issues, including the deterioration of soil quality and structure, the need for food security, and improved nutrient management in the soil.

US Soil Conditioners Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Soil Conditioners Market Report Snapshots

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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 SE', 'Syngenta AG', 'Bayer AG', 'The Dow Chemical Company', 'E.I. du Pont de Nemours and Company (DuPont)', 'FMC Corporation', 'Eastman Chemical Company', 'Akzo Nobel N.V.', 'Novozymes A/S', 'Evonik Industries AG', 'Monsanto Company', 'Solvay S.A.', 'Arysta LifeScience Corporation', 'Vantage Specialty Chemicals, Inc.', 'Lambent Corp.', 'Clariant AG', 'Croda International PLC', 'Italpollina SpA', 'Plant Health Care plc', 'Biolchim SpA'

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 Size, Share, Growth Analysis, By Type(Gypsum, Surfactants), By Formulation(Dry, Liquid), By Application(Agriculture, Construction & mining) - Industry Forecast 2024-2031

Global Soil Conditioners Market Insights

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