(I-BusinessNews.Com, February 11, 2021 ) The report “Soil Conditioners Market by Type (Surfactants, Gypsum, Super Absorbent Polymers, and Others), Application (Agriculture, Construction & Mining, and Others), Formulation (Liquid and Dry), Crop Type, Soil Type, and Region – Global Forecast to 2025″ The global soil conditioners market is estimated to account for a value of USD 1.7 billion in 2020 and is projected to grow at a CAGR of 8.3% from 2020, to reach a value of USD 2.5 billion by 2025. Increased demand for agricultural crops such as rice, wheat, and soybean, especially from the developing countries and decrease in availability of agricultural land owing to urbanization is among the key factors expected to drive the soil conditioners market.
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The surfactants segment is projected to be the largest segment in soil conditioners market during the forecast period.
Surfactants are also termed as soil wetting agents. Soil surfactants are the soil wetting agents that are designed for improving infiltration, water distribution, and water retention. Several players offer wetting agents having application in turf and agrochemicals industry. Solvay (Belgium) is among the leading player offering a wide portfolio of wetting agents having application in agriculture. Apart from this, Aquatrols (US) is also backed by a wide variety of surfactants portfolio having applications in turf and agriculture. Increase in number of sports turf in developed countries and increased demand for agricultural crops in developing countries is expected to drive demand for surfactants in the years to come.
The agriculture segment is estimated to account for the second largest market share, in terms of value, in 2020.
Soil conditioners act as a valuable tool for the agricultural industry with their ability to enhance soil fertility, texture, and quality. Apart from this, shrinkage in the availability of arable land has urged farmers to enhance crop production in existing land, thus creating an opportunity for soil conditioner manufacturers. In developing countries, population growth and urbanization are the key reasons for the shrinkage of arable land. However, this has also increased the demand for crop production in these developing countries. Thus the rising demand for soil conditioners in agriculture fields in the developing countries is expected to drive the soil conditioners market in the forecast period.
The increasing demand for liquid soil conditioners in the South American region is projected to drive the growth of the soil conditioners market.
South American countries have agricultural hubs, such as Brazil, Argentina, and Chile, which contribute to the major farm outputs in the region. Brazil is the largest producer of soybean in the region as well at a global level. It is also the largest producer of other crops such as sugarcane and other key crops at a global level. The farmers in the region have largely adopted the use of liquid soil conditioners and wetting agents, as they are easy to apply, do not require much labor, and increase the yield. The availability of arable land and the expansion of farmlands, especially in Brazil, Argentina, and Chile, promise the growth of this market. Moreover, the need to improve the per hectare crop yield is another opportunity for the growth of the market in South America.
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Key players in this market include BASF (Germany), Syngenta (Switzerland), Novozymes (Denmark), Solvay (Belgium), UPL (India), Clariant (Switzerland), Evonik Industries (Germany), Eastman Chemical Company (US), Croda International PLC (UK), ADEKA Corporation (Japan), Vantage Specialty Chemicals (US), Aquatrols (US), Rallis India Limited (India), Humintech GmbH (Germany), GreenBest Ltd (UK), Omnia Specialities Australia (Australia), Grow More, Inc. (US), Geoponics Corp. (US), Delbon (France), and FoxFarm Soil & Fertilizer Co. (US). These major players in this market are focusing on increasing their presence through new product launches and acquisitions. These companies have a strong presence in North America, Asia Pacific, South America, and Europe. They also have manufacturing facilities and strong distribution networks across these regions.
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