Press release
Global Soil Conditioners Market to Reach $9.04 Billion by 2029, Growing at 7.5% CAGR
What industry-specific factors are fueling the growth of the soil conditioners market?The surge in the need for organic food items is anticipated to accelerate the expansion of the soil conditioners market. Soil conditioners can rectify poor-quality soils by intermixing organic matter with soil particles. These conditioners enhance the soil structure by raising its water-holding capacity, augmenting aeration, and supplementing plant nutrients. Such a type of soil is suitable to cultivate organic food items. Organic food commodities can contribute positively to soil conditioning through the fundamental principles and protocols linked to organic farming. For example, as per the Organic Trade Association (OTA) Organic Industry Survey in June 2022, consumers are projected to re-embrace more stable, on-demand shopping patterns in 2021. Organic sales surged past $63 billion between 2020 and 2021, marking a $1.4 billion (2%) year-on-year spike. Hence, the climbing demand for organic food commodities is fuelling the expansion of the soil conditioners market.
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What Is the projected market size and growth rate for the soil conditioners market?
The market for soil conditioners has seen considerable expansion in past few years. The market value, initially standing at $6.31 billion in 2024, is expected to rise to $6.77 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.2%. Factors contributing to the growth trend during the historical period include the economic advancement of emerging markets, the reduction in arable land availability due to industrial development, the growing consumer preference for organic food items, a surge in demand for plant-based food products, and heightened awareness about environmental issues.
In the coming years, the soil conditioners market is envisaged to experience significant expansion, anticipated to reach $9.04 billion in 2029, with a compound annual growth rate (CAGR) of 7.5%. The growth surge during the forecast period is due to increasing demand for agricultural goods, accelerated development in the agriculture and allied sectors, and escalating emphasis on innovative farming methodologies. The forecast period also projects key trends such as the introduction of fulvic acids soil conditioners to maximize nutrient utilization, attention towards state-of-the-art soil conditioning packages, technological progress, initiation of organic soil conditioners to enhance soil structure, and strategic alliances and acquisitions.
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What are the emerging trends shaping the future of the soil conditioners market?
Prominent businesses in the soil conditioner market are concentrating on emerging technologies, such as e-commerce, to improve customer reach and simplify the buying procedure. E-commerce involves the sale of products and services via the internet, letting customers explore and buy from many online platforms. For example, Agromin, an American soil product company, unveiled its online retail shop in July 2023. This web-based store provides a range of items, including Agromin's compost and mulch produced from locally recycled organic waste.
What major market segments define the scope and growth of the soil conditioners market?
The soil conditioners market covered in this report is segmented -
1) By Product Type: Organic, In-Organic
2) By Formulation: Dry, Liquid
3) By Soil Type: Sand, Silt, Clay, Loam, Other Soil Types
4) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Others
Subsegments:
1) By Organic Soil Conditioners: Compost, Manure, Peat Moss, Green Manure, Biochar, Seaweed Extracts
2) By Inorganic Soil Conditioners: Gypsum, Lime, Sulfur, Fertilizers, Synthetic Soil Amendments
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Which region dominates the soil conditioners market?
Asia-Pacific was the largest region in the soil conditioner market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the soil conditioners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the soil conditioners industry growth?
Major companies operating in the soil conditioners market include BASF SE, Evonik Industries AG, UPL Limited, Saint-Gobain Group, Solvay S.A., Omnia Holdings Limited, Mangalore Chemicals & Fertilizers Limited, Nufarm, Novozymes A/S, Southern Petrochemical Industries Corporation Ltd (SPIC), Weifang Hanhe Fertilizer Co. Ltd, Qingdao Haidelong Biotechnology Co. Ltd, Changsha Richfield Agri Tech Co. Ltd, Eco Sustainable Solutions, Halcyon Environmental, RMB Hydroseeding, Advance Grass Solutions, Amenity Land Solutions, Angus Horticulture, Boughton Loam Ltd, Edagum Sm Rus LLC, Norofert Group, AGRO CS, VitaFer.pl, Intermag, PhosAgro, Acron Group, Bioera-Moscow LLC, Lignohumatate, Nutrien Ltd, Mosaic Co, Rooted Leaf Agritech, Polyorganic Technologies Corporation, North American Kelp, CoastBio, Cargill Inc, ExcelAg Corp, Monty's Plant Food, Technes Agrícola Ltda - Sede Adm, Brazilian Agricultural Research Corporation, Volza, Tradecorp Brazil, Wasit General Trading LLC, Agrotar, Haifa Group, GrowGroup Israel, ICL Israel Chemicals Ltd, Awam Group LLC, Dow AgroSciences, Eastman Chemical Company, Nutri-Crop Agro, TerraCottem, Kamasol Aqua
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What Is Covered In The Soil Conditioners Global Market Report?
• Market Size Forecast: Examine the soil conditioners market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the soil conditioners market for a structured understanding.
• Key Players Overview: Analyze major players in the soil conditioners market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the soil conditioners market.
• Segment Contributions: Evaluate how different segments drive overall growth in the soil conditioners market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the soil conditioners market.
• Industry Challenges: Identify potential risks and obstacles affecting the soil conditioners market.
• Competitive Landscape: Review strategic developments in the soil conditioners market, including expansions, agreements, and new product launches.
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