Soil Conditioners Market to Be Worth $9.50 Billion by 2031 - Exclusive Report by Meticulous Research®

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Jul 02, 2024, 10:01 ET

REDDING, Calif., July 2, 2024 /PRNewswire/ -- According to a new market research report titled, 'Soil Conditioners Market Size, Share, Forecast, & Trends Analysis by Type (Organic {Polysaccharides}, Inorganic), Solubility (Water-soluble), Soil Type (Loam, Sand, Silt, Peat), Crop Type (Grains & Cereals, Fruit & Vegetables) — Global Forecast to 2031' by Meticulous Research^®, the soil conditioners market is projected to reach $9.50 billion by 2031, at a CAGR of 7.7% from 2024 to 2031.

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Arable land is one of the most important resources for agricultural production. Numerous cultivation techniques have emerged over the years, resulting in the overutilization of land resources. This increasing use of land and the constantly rising demand for improved agricultural output have resulted in land exploitation, with degradation in the quality and a decrease in the quantity of land available for agriculture.

Furthermore, according to the World Bank, by 2050, the world will have more than 9.8 billion people to feed, an increase of around 40% from current levels. This increase in the demand for food is expected to exert immense pressure on the already decreasing arable land. Therefore, it is imperative to improve agricultural soil quality using soil conditioners.

Soil conditioners are added to soil to improve its properties and control erosion. Soil conditioners improve soil structure and aeration and increase the soil's water and nutrient-holding capacity. They also help loosen compacted, hardpan, and clay soils and release locked-up nutrients. Soil conditioners can also raise or lower pH levels. Thus, the growing global food demand and the declining availability of arable land are expected to boost the utilization of soil conditioners, driving the growth of this market.

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The growth of this market is driven by the decrease in arable land, increasing focus on soil management practices, growth in organic farming, and the rising demand for organic food. However, low awareness regarding soil conditioners restrains the growth of this market.

Additionally, the increasing utilization of soil conditioners in emerging economies is expected to create growth opportunities for players operating in the soil conditioners market. However, lengthy product approval and registration processes are some of the challenges impacting the market's growth.

Key Players:

The key players operating in the soil conditioners market are BASF SE (Germany), Loveland Products, Inc. (U.S.), Eastman Chemical Company (U.S.), Evonik Industries AG (Germany), Aquatrols (A Part of Lamberti S.P.A.) (U.S.), Sanoway GmbH (Austria), Jaipur Bio Fertilizers (India), Syngenta AG (A Part of China National Chemical Corporation/ChemChina) (Switzerland), UPL Limited (India), FMC Corporation (U.S.), and Omnia Specialities Pty (Australia).

The soil conditioners market study presents historical market data (2022 and 2023), estimated current data (2024), and forecasts for 2031—by type (organic {polysaccharides and other organic soil conditioners} and inorganic {minerals, gypsum, and polymers}, solubility (water-soluble and water-insoluble {hydrogels and other water-insoluble soil conditioners}), soil type (loam soil, sand soil, clay soil, silt soil, and peat soil), crop type (cereals & grains, fruits & vegetables, oilseeds & pulses, and other crop types), and geography (North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

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Key Findings in the Soil Conditioners Market Study:

Among the types covered in this report, the organic segment is projected to register the highest CAGR during the forecast period. This segment's growth is driven by the rising concerns regarding environmental and public health stemming from the use of chemical products, the increasing demand for chemical residue-free agricultural products, and supportive government initiatives aimed at promoting organic agricultural practices.

Among the types of solubility covered in this report, in 2024, the water-soluble segment is expected to account for the larger share of 65.7% of the soil conditioners market. The large market share of this segment can be attributed to the benefits offered by water-soluble soil conditioners, including their effectiveness in retaining water, stabilizing soil, and mitigating the risk of nutrient buildup in farmlands.

Among the soil types covered in this report, in 2024, the loam soil segment is expected to account for the largest share of 48.0% of the soil conditioners market. The large market share of this segment can be attributed to the widespread adoption of soil conditioners for loam soil due to its low water retention and nutrient-holding capacity and the frequent use of this soil type for rotational crops.

Among the crop types covered in this report, the oilseeds & pulses segment is projected to register the highest CAGR during the forecast period. This segment's growth is driven by the increasing global production of oilseeds & pulses, the rising consumer demand for organic produce free from chemical residues, and the growing adoption of natural soil conditioners specifically tailored for oilseeds & pulses.

Among the regions covered in this report, in 2024, Asia-Pacific is expected to account for the largest share of 42.8% of the soil conditioners market. Asia-Pacific's significant market share can be attributed to its vast arable land, expanding population, adoption of modern farming practices, increasing consumer concerns about soil quality, the rising popularity of organic farming, and increased awareness among consumers regarding chemical hazards.

Moreover, the market in Asia-Pacific is projected to witness the highest CAGR during the forecast period. The growth of this regional market is driven by factors such as the increasing crop yield losses caused by inappropriate soil management practices, the rising adoption of organic farming, and increasing consumer awareness regarding chemical hazards.

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Scope of the Report:

Soil Conditioners Market Assessment—by Type

Organic
- Polysaccharides
- Other Organic Soil Conditioners
Inorganic
- Minerals
- Gypsum
- Polymers

Soil Conditioners Market Assessment—by Solubility

Water-Soluble
Water-Insoluble
- Hydrogels
- Other Water-insoluble Soil Conditioners

Soil Conditioners Market Assessment—by Soil Type

Loam Soil
Sandy Soil
Clay Soil
Slit Soil
Peat Soil

Soil Conditioners Market Assessment—by Crop Type

Cereals & Grains
Fruits & Vegetables
Oilseeds & Pulses
Other Crop Types

Soil Conditioners Market Assessment—by Geography

North America
- U.S.
- Canada
Europe
- France
- Germany
- U.K.
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Rest of Latin America
Middle East & Africa

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