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Soil Conditioners Market - By Type (Organic, Inorganic), By Crop Type (Cereals and Grains, Fruits and Vegetables, Ornamental Plants), By Form (Liquid, Dry), By Application (Agriculture, Horticulture, Landscaping), Forecast, 2024 – 2032


Published on: 2024-07-07 | No of Pages : 240 | Industry : Agriculture

Publisher : MIR | Format : PDF&Excel

Soil Conditioners Market - By Type (Organic, Inorganic), By Crop Type (Cereals and Grains, Fruits and Vegetables, Ornamental Plants), By Form (Liquid, Dry), By Application (Agriculture, Horticulture, Landscaping), Forecast, 2024 – 2032

Soil Conditioners Market Size

Soil Conditioners Market was valued at USD 6.9 billion in 2023 and is anticipated to register a CAGR of over 9.5% between 2024 and 2032.

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Soil conditioners are substances applied to soil to enhance its physical and chemical properties, promoting better plant growth and crop yields. Factors such as the rising global population, escalating food demand, and the need for efficient land use have propelled the demand for soil conditioners. These products play a crucial role in improving soil structure, water retention, and nutrient availability, mitigating the adverse effects of soil degradation and ensuring long-term agricultural productivity. Furthermore, the growing awareness of environmental issues and the shift towards organic and sustainable farming practices have further fueled the adoption of soil conditioners.
 

Soil Conditioners Market Report Attributes
Report Attribute Details
Base Year 2023
Soil Conditioners Market Size in 2023 USD 6.9 Billion
Forecast Period 2024 to 2032
Forecast Period 2024 to 2032 CAGR 9.5%
2032 Value Projection USD 15.68 Billion
Historical Data for 2018 – 2023
No. of Pages 300
Tables, Charts & Figures 241
Segments covered Type, Crop Type, Form, Application
Growth Drivers
  • Growing awareness of sustainable agricultural practices
  • Technological advancements in soil conditioner formulations
  • Rising prevalence of soil degradation and erosion concerns
Pitfalls & Challenges
  • Variability in soil types and conditions
  • Limited awareness and education

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Despite the proven benefits of soil conditioners in enhancing agricultural productivity and sustainability, a substantial portion of the global farming community remains unaware of their existence and potential advantages. Farmers, particularly in developing regions, may lack access to information regarding the various types of soil conditioners available, their appropriate application methods, and the long-term benefits they can provide. This knowledge gap hampers the widespread adoption of soil conditioners and inhibits their integration into conventional farming practices. The lack of education among farmers also contributes to a resistance to change, as many may be hesitant to deviate from traditional methods that they are more familiar with. Bridging this awareness gap requires concerted efforts from agricultural extension services, government agencies, and private entities to provide comprehensive training programs and educational resources.

Soil Conditioners Market Trends

The soil conditioners industry is witnessing dynamic trends that reflect a growing emphasis on sustainable agriculture and environmental stewardship. Key product trends indicate a shift towards bio-based soil conditioners and specialty chemicals, driven by the increasing demand for organic farming methods. Consumers are becoming more discerning, aligning their preferences with environmentally friendly and organic products, thereby influencing the market's direction. The rise in consumer awareness about the impact of farming practices on the environment is prompting a surge in demand for soil conditioners that align with eco-friendly and sustainable agriculture principles. In terms of technology, the market is experiencing innovations in precision agriculture, where advanced sensors and monitoring systems are integrated with soil conditioners to optimize their application. This technological integration allows farmers to tailor soil conditioning efforts based on real-time data, ensuring efficient use of resources and minimizing environmental impact. Additionally, emerging technologies, such as nanotechnology, are gaining traction for their potential to enhance the effectiveness of soil conditioners at the molecular level.

Soil Conditioners Market Analysis

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Based on type, the market is divided into Organic & Inorganic soil conditioners. Organic soil conditioners held the dominant market share of USD 4.46 billion in 2023. Organic soil conditioners, sourced from natural materials such as compost, peat, and manure, are experiencing a notable surge in demand. With an increasing emphasis on sustainable and eco-friendly farming practices, organic soil conditioners have gained favor among environmentally-conscious consumers. Their market share has witnessed growth due to the rising adoption of organic farming methods globally and the perceived benefits of improving soil structure and fertility in a natural and biodegradable manner.

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Based on crop type, the market is categorized into Cereals and Grains, Fruits and Vegetables, Ornamental Plants and Other. Cereals & Grains accounted for over 44.5% market share in 2023 and is projected to grow through 2032. Soil conditioners tailored for cereals and grains aim to enhance nutrient availability and water retention, contributing to improved yields and overall crop health. Fruits and vegetables represent another significant segment, characterized by a heightened focus on quality and taste. Soil conditioners for this category often emphasize the enrichment of essential nutrients, organic matter, and microbial activity to promote optimal growth and flavor.

The soil conditioners market is strategically segmented based on the form of the product, with liquid and dry formulations representing distinctive categories, each influencing market dynamics in its own way. Dry soil conditioners, available in granular or powdered form, maintain a significant market share, owing to their convenience in storage, transportation, and shelf life. Farmers often prefer dry formulations for their simplicity in handling and application, especially in large-scale agricultural operations.

The soil conditioners industry is strategically segmented based on application, catering to the distinct needs of various sectors within agriculture and related industries. Agriculture commands a substantial market share, with soil conditioners tailored to the specific requirements of crop cultivation. These formulations aim to enhance soil structure, nutrient availability, and water retention, contributing to improved yields and overall farm productivity.

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Asia Pacific dominated the global soil conditioners market in 2023. APAC generated a revenue of over USD 2 billion in 2023. The market share in Asia Pacific is influenced by the escalating population, increasing food demand, and the imperative to optimize land use for efficient crop production. The adoption of soil conditioners is particularly pronounced in countries like China and India, where large-scale agriculture is integral to food security.

Soil Conditioners Market Share

Major players operating in the soil conditioners industry include

  • BASF SE
  • Syngenta
  • Novozymes
  • Solvay S.A.
  • UPL Ltd.
  • Clariant
  • Evonik Industries
  • Gujarat State Fertilizers & Chemicals Limited
  • ADEKA Corporation
  • Aquatrols
  • Rallis India
  • Humintech

The soil conditioners market is moderately fragmented, with a mix of large global players, regional players, and niche companies. The top five companies (BASF, Syngenta, Novozymes, Solvay, UPL) likely hold around 40-45% of the market share, leaving the remaining majority to a plethora of smaller players catering to specific regions, product types, or customer segments. Competition is intense, with companies employing various strategies like bulk discounts, loyalty programs, and contract agreements to secure market share. Offering differentiated products for specific soil types or crops allows for premium pricing strategies. For example, BASF launched the "Humic+ Biochar Initiative" to promote sustainable soil management practices. Partnered with research institutions to develop climate-resilient soil solutions. Integration of real-time soil data, AI-powered recommendations, and smart application technologies will shape the future of soil management. Companies will compete to develop and integrate these technologies into their offerings.

Soil Conditioners Industry News

  • Progressive Planet unveiled its latest soil conditioner product, CARBON™ Ca, in October 2023, aimed at minimizing reliance on chemical fertilizers. The inaugural production batch, totaling 61 metric tonnes of CARBON Ca, has already found buyers in Western Canada for extensive field application. This new addition, designed for fall application, signifies Progressive Planet's strategic move toward marketing proprietary chemical fertilizer substitutes for both spring and fall seasons, introducing CARBON PK and CARBON Ca, respectively.
  • In 2022, BASF took a significant step in bolstering its digital farming portfolio by acquiring the innovative company Horta. This strategic acquisition aligns with BASF's commitment to staying at the forefront of technological advancements in agriculture. By incorporating Horta's expertise and innovations, BASF aims to enhance its capabilities in the digital farming sector.

The soil conditioners market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments

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Market, By Type

 

  • Organic Soil Conditioners
    • Animal manure
    • Biosolids
    • Worm castings
    • Compost
    • Cover crops
    • Peat moss 
  • Inorganic Soil Conditioners
    • Gypsum
    • Pulverized
    • Perlite
    • Vermiculite

Market, By Crop Type

  • Cereals and Grains
  • Fruits and Vegetables
  • Ornamental Plants
  • Other

Market, By Form

  • Liquid
  • Dry

Market, By Application

  • Agriculture
  • Horticulture
  • Landscaping
  • Other
     

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia       
    • Indonesia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina 
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa

 

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )