World Soil Conditioners Market | Industry Analysis, Opportunity and Forecast 2018 to 2023

Market Overview:
The amount of crop-loss due to poor soil quality is rising, which is a great concern among the crop cultivators in this region. Soil conditioners are primarily added for enhancing soil quality. Growing food security concern and increasing demand for food are driving the growth of the soil conditioners market. Additionally, high acceptance for natural soil conditioners such as compost, sewage sludge, crop residue and manure is adding fuel to the growth of the soil conditioners market.

Europe is projected to show a significant growth in the soil conditioners market over the forecast period 2017-2023. The U.K and France are leading this market and are expected to be dominating players over the review period as well. Rising agricultural activities, combined with increasing demand for high-quality products are considered to be the key driving factors in this region.

Furthermore, increasing consumption of natural soil conditioners for producing organic fruits and vegetables and cereals has surged the demand for soil conditioners in the European market. However, soil toxicity caused due to excessive use of synthetic soil conditioners may hinder the market growth over the forecast period.

European soil conditioners market is estimated to grow at a CAGR of 8.5% during the forecast period 2017-2023

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Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major soil conditioners players. It further includes product portfolios, developments of leading players, which includes

The Dow Chemical Company (U.S.)
BASF SE (Germany)
Akzo Nobel N.V. (the Netherlands)
Solvay S.A. (Belgium)
Clariant International AG (Switzerland)
Croda International PLC (U.K)
Adeka Corporation (Japan)
Vantage Specialty Chemicals, Inc. (U.S.)
Eastman Chemical Company (U.S.) and
Syngenta AG (Switzerland)

Key Findings:
High demand for green label products has surged the global natural soil conditioners market

Water-soluble soil conditioners such as hydrogels have massive opportunity in the global soil conditioners market

Segments:
Soil conditioners are segmented on the basis of type, which includes natural and synthetic soil conditioners. Among both, the natural soil conditioners hold the major market share followed by synthetic. The primary reason for the growth of the natural soil conditioners is their extensive use for increasing soil fertility.

On the basis of solubility, the soil conditioners market is segmented into water-soluble, hydrogels, and others. In this segment, the water-soluble segment is dominating the market growth owing to ease of use in the field.

On the basis of the crop, the soil conditioners market is segmented into fruits & vegetables, cereals & grains, pulses & oilseeds, and others. The pulses & oilseeds segment is dominating the market owing to increasing demand for pulses and oilseeds.

On the basis of the soil type, the soil conditioners market is segmented in peat, loam, sand, silt, clay, and others.  Among all the soil types, the loam is dominating the market followed by peat due to the high productivity of crops in loamy soil.

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Regional Analysis:
The global soil conditioners market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the soil conditioners market followed by Europe. India has been accounted for a higher use of soil conditioners for enhancing soil fertility owing to increasing awareness among farmers about the benefits of using soil conditioners. Furthermore, high demand for soil conditioners for sandy soil among the cultivators for enhancing aeration and soil porosity is considered to be a key driving factor in this region.

Moreover, increasing demand for organic fruits, vegetables, cereals, and pulses has uplifted the demand for natural soil conditioners in Asia Pacific countries like India, China, and Japan which is likely to boost the growth of the soil conditioners market during the review period.  Additionally, high acceptance for the use of natural soil conditioners from the farmers and government promotional initiative towards the use of organic fertilizers among farmers is projected to raise the growth of the soil conditioners market.

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This release was published on openPR.