Market Definition and Key Factors:
The amount of crop-loss due to poor soil quality is increasing rapidly, which is a great concern among the crop producers. This has increased the demand for soil conditioners, which helps in providing adequate nutritional support to the soil for better crop productivity. Additionally, rising demand for organic fruits, vegetables, cereals, and pulses is projected to drive the growth of the natural soil conditioners market over the forecast period.
Inclination of the consumers towards adaptation of various soil conditioner to boost quality crop production is driving the market of Soil Conditioners in this region. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Soil Conditioners Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR % during the forecast period.
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Furthermore, shrinking arable land is one of the major reasons for lesser crop yield, which is directly supporting the growth of the soil conditioners market. Additionally, advancements in the farming practices by the crop cultivators are adding fuel to the growth of the soil conditioners market. However, toxicity caused by the consumption of synthetic soil conditioners may hinder the market growth over the forecast period.
The leading market players in the global soil conditioners market are 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) among many others.
Soil Conditioners Market – Competitive Analysis:
The soil conditioners market is competitive with major market players operating at the global level. The key industry players in the market have adopted the strategies such as geographical expansion, product launch, partnerships, and acquisitions. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.
Latest Industry Updates:
Jan 2017 The BioAg Alliance, Monsanto’s and Novozymes’ collaboration to improve crop harvests through products containing naturally-occurring microbes, today announced results from its 2016 field trial program and shared an updated research pipeline. Yield increases among top microbial strains averaged over 3 bushels per acre for corn and over 2 bushels per acre for soy.
Nov 2017 Rootella™ Mycorrhizal Inoculants Listed for Use in Organic Farming. Rootella™ inoculants, based on naturally-occurring mycorrhizal fungi, improve plant nutrient uptake. 90% of all vascular plant species thrive in nature with the help of mycorrhizae.
Sep 2017 Companies are increasingly producing fungal inoculants and marketing these as biofertilizers to improve plant growth and soil health. However, there is little or no evidence of their effectiveness and possible ecological risks
May 2017 Researchers at the International Institute of Tropical Agriculture (IIITA), Ibadan, have advised legume farmers, especially soya beans, to use inoculants to boost nitrogen fixation by the crop and save money spent on nitrogen containing fertilisers.
Global Soil Conditioners Market – Segments
The global Soil Conditioners market has been divided into type, crop, soil, and region.
On The Basis Of Type: Natural and synthetic
On The Basis Of Crop: Fruits & vegetables, cereals & grains, and pulses
On The Basis Of Soil: Peat, loam, sand, silt, and clay
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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Global Soil Conditioners Market – Regional Analysis
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 globally in the upcoming years.
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