(I-BusinessNews.Com, June 02, 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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By formulation, the liquid segment is projected to grow at the highest CAGR in the soil conditioners market during the forecast period.
The liquid forms are applied on a volume basis rather than a weight basis. The liquid form provides various options for crop growers to mix soil conditioners with insecticides, fungicides, or adjuvants. Compared to the dry form, little quantity of liquid soil conditioners is enough to cover larger crop areas, making it a preferable choice among farmers. In South America, the demand for liquid soil conditioners is expected to increase in the years to come, as they are easy to apply, do not require much labor, and increase yield.
By crop type, the cereals & grains segment is projected to dominate the global soil conditioners market during the forecast period.
Cereals & grains are the staple food products in many countries, which include wheat, rice, corn, sorghum, oats, and barley. With the increase in population and food demand, the basic requirement of farmers is to increase the yield of cereals & grains in a sustainable way. Here, the demand for soil conditioners, such as surfactants (soil wetting agents), gypsum, and natural polysaccharide derivatives, is expected to improve the quality and quantity of cereals & grain crops.
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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.
Key Market Players:
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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