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Soil Conditioners Market Size

  • Report ID: GMI7780
  • Published Date: Jan 2024
  • Report Format: PDF

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.

 

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.

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.

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for soil conditioners was valued at USD 6.9 billion in 2023 and is anticipated to register a CAGR of over 9.5% between 2024 and 2032, driven by rising global population, escalating food demand, and the need for efficient land use.

Organic soil conditioners held the dominant market share worth USD 4.46 billion in 2023, driven by increasing emphasis on sustainable and eco-friendly farming practices.

Asia Pacific organic soil conditioners industry generated a revenue of over USD 2 billion in 2023 and is anticipated to expand rapidly through 2032, driven by an escalating population and increasing food demand.

BASF SE, Syngenta, Novozymes, Solvay S.A., Evonik Industries, Gujarat State Fertilizers & Chemicals Limited, ADEKA Corporation, Aquatrols, Rallis India are some of the major industry contenders.

Soil Conditioners Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 241
  • Countries covered: 21
  • Pages: 300
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