Top Emerging Trends Of Soil Conditioner Market Progress Forecast 2025Posted by Mrudula Anil Karmarkar on January 21st, 2022 The global soil conditioners market size is projected to reach USD 7.9 billion by 2025, exhibiting a CAGR of 5.7% according to a new report by Grand View Research, Inc. The declining soil quality due to natural calamities and increased industrialization is anticipated to drive the market over the forecast period. Natural or organic products dominated the consumption of these conditioners globally. Increasing awareness about organic farming has led to an increase in demand for natural conditioners. The rising trend of consuming organic fresh food has shifted the inclination of farmers toward natural conditioners. Cereals and grains also require soil with rich moisture content at the time of sowing, thus, demanding appropriate conditioners. Farmers, who are the end users of conditioners for soil, belong to low-income group. This factor majorly contributes to the market being price-sensitive. Moreover, prices of the product are highly controlled by manufacturers and may experience minor inflations or deflations due to constant demand and fluctuating raw material availability. Central & South America market is anticipated to witness moderate growth rate over the forecast period. This can be attributed to the presence of extremely fertile lands in some parts of Argentina, Brazil, Colombia, and Chile, as these lands require less amount of conditioners. A majority area of Central & South America region has a tropical climate, suitable for growing a variety of fruits such as papaya, pineapple, avocado, and guava. Cocoa and coffee are the two major cash crops that largely influence the region’s economy. Most of the region’s land is covered with clay soil, which is alkaline and has a significant demand for minerals such as sulfur and iron. The soil quality and variety vary across different regions. Physical properties such as water retention, air permeability, and nutrition absorption capacity differ depending on the type of soil. Further, improvement in soil quality enhances the nutritional value of food crops. Soil conditioners are natural or synthetic products that are added during farming to improve the physical properties and fertility of the soil for agricultural produce. In addition, these conditioners are used in some non-agricultural areas such as turfs, industrial, and household gardening. Have a Query? Ask our experts: https://www.grandviewresearch.com/inquiry/5585/ibb The agricultural department of every country has set certain regulations and guidelines regarding the usage of synthetic agrochemicals. Certain products have adverse effects on the soil and water, thus, resulting in health and crop hazards. Regulatory intervention in the form of new legislation and standards had a tremendous impact on the global conditioners market. Therefore, manufacturers of these conditioners in the market must cope with the introduction of new regulations by adjusting their manufacturing processes and raw material usage depending on respective laws. The European Commission modified its regulation no. 889/2008 in 2014, which prohibited the use of household waste in the compost used for organic farming. Soil Conditioner Market Report Highlights
The market is highly competitive with the presence of numerous major players along with local and regional participants. Market players have majorly adopted the merger & acquisition strategy as they try to expand their current portfolio of conditioners and tap lucrative opportunities. In February 2019, UPL announced the completion of the acquisition of Arysta LifeScience, which is expected to help UPL strengthen its global position and broaden its product scope. Key market participants are further involved in developing new organic conditioners with zero-chemical impact on the environment. Market leaders such as BASF SE, Solvay S.A., Syngenta AG, Nufarm, and AkzoNobel have well-established sales and distribution network across different regions with a strong product portfolio. About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare Like it? Share it! More by this author |