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Soil Conditioners Market to Rise in Coming Years

Global soil conditioners market is expected to reach USD 6,886.9 million by 2023, at a CAGR of 7.6% during the forecast period of 2018 to 2023.

 

The factors such as growing reduction in arable land, increasing awareness about soil management practices, growing organic farming and demand for organic food, and wide range of benefits of soil conditioners fuels the growth of global soil conditioners market. However, factors such as low adoption rate of soil conditioners hinder the growth of this market to some extent.

 

The global soil conditioners market is mainly segmented by type (natural chemical), soil type (sand, silt, clay, loam, and peat), application (agricultural and industrial), agricultural crop type (grains & cereals, oilseeds, fruits & vegetables, and others), and geography. On the basis of product type, natural soil conditioners commanded the largest share of the global soil conditioners market in 2017, largely due to growing environmental and public health concerns with use of chemical soil conditioners, growing organic farming, increasing demand for chemical residue free agricultural products, and government support to use natural soil conditioners across the globe.

 

Geographically, the global soil conditioners market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Latin America slated to register the fastest growth during the forecast period, primarily due to large area under agriculture cultivation, increasing demand for crop yield & efficiency, and growing organic farming.

 

The key players operating in the global soil conditioners market are BASF SE, Solvay S.A., The Dow Chemical Company, Loveland Products, Inc., Eastman Chemical Company, Akzo Nobel N.V., Evonik Industries AG, Aquatrols, Sanoway GmbH, and Biosoil Farm, INC.

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