The soil conditioners market is projected to grow at a CAGR of 8.16% from 2016, to reach a projected value of USD 7.83 Billion by 2022. The market growth is driven by increasing awareness about soil management practices and need for enhanced nutrient in soil. The market is further driven by the factors such as advanced farming practices and ensuring food security.
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The years considered for the study are as follows:
base year: 2016
Estimated year: 2017
Projected year: 2022
Forecast period: 2017 to 2022
The Asia Pacific region dominated the market and accounted for the largest share, in terms of both value and volume, in the global market, in 2016. Factors such as large population, vast agricultural land, wide acceptance of agricultural technologies and soil with poorly developed layers in countries of the Asia Pacific region are driving the growth of the soil conditioners market.
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Low level of awareness about the benefits of soil conditioning materials among the farmers is the key restraint for the growth of the market. Market players’ efforts in creating awareness and availability of soil conditioning materials (especially synthetic products) will aid the market to witness significant growth in the projected period.
The leading players that dominated the soil conditioners market include BASF SE (Germany), The Dow Chemical Company (US), Akzo Nobel N.V. (Netherlands), Evonik Industries AG (Germany), and Solvay S.A. (Belgium). Other players include Croda International Plc (UK), Clariant International AG (Switzerland), Lambent Corp. (US), Adeka Corporation (Japan), and Eastman Chemical Company (US). These key players have adopted strategic developments such as expansions & investments, collaborations & acquisitions, and agreements & investments to capture this emerging market.
Target Audience:
- Soil amendments & agrochemicals manufacturers
- Agrochemicals importers and exporters
- Agrochemicals traders, distributors, and suppliers
- Polymeric materials producers & suppliers
- Consumers (including farmers)
- Government and research organizations
- Legislative and regulatory bodies
- Associations and industry bodies
