(MENAFNEditorial) iCrowdNewswire - Sep 25, 2018 Meticulous Research® leading global market research company published a research report titled ' Soil Conditioner Market by Type (Organic Soil Conditioner and Chemical Conditioner), Soil Type (Sand, Silt, Clay Soil, Loam Soil), Application (Agriculture and Industrial) Global Opportunity Analysis and Industry Forecast (2018-2023)
According to this latest publication from Meticulous Research®, the global soil conditioners market will grow at a CAGR of 7.6% from 2018 to 2023 to reach USD 6,886.9 million by 2023, primarily driven by reduction in arable land, increasing awareness about soil management practices, growing demand for organic farming and organic foods, and wide range of benefits of soil conditioners. Moreover, emerging economies such as Latin America, Asia Pacific, and Africa provides significant opportunity for the manufacturers. However, low adoption rate of soil conditioner is one of the major factors restraining the growth of this market to some extent.
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The global soil conditioners market is mainly segmented by product type (natural and chemical), solubility (water soluble and hydrogels), soil type (sand, silt, clay, loam, and peat), by application (agriculture and industrial), and crop type (cereals & grains, oilseeds, fruits & vegetable, and others). Based on product type, natural soil conditioners held the largest share of the global soil conditioners market in 2017, primarily attributed 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. Moreover, in the natural soil conditioners, polysaccharides commanded the largest share with a healthy growth projected during the forecast period.
Based on solubility, water soluble soil conditioners commanded the largest share in 2017 and are expected to dominate global soil conditioners market during the forecast period, owing to its properties such as more effective water holding capacity and better soil stabilization.Based on soil type, sand soil commanded the largest share of the global soil conditioners market in 2017; however, the clay soil is expected to witness rapid growth during the forecast period, mainly due to growing need to overcome the problems of clay soils such as poor aeration and drainage.
Based on application, agricultural soil conditioners accounted for the major share of the global soil conditioners market in 2017 and are expected to dominate global soil conditioners market during the forecast period. The factors such as growing population, increasing organic farming, growing reduction in arable land, and wide range of benefits of soil conditioners in agriculture such as improvement in soil fertility, texture, and quality are increasing the use of soil conditioners for agricultural applications.
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Geographically, this market is segmented into five major regions which comprise North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific commanded the largest share of the global soil conditioners market in 2017, followed by Europe and North America region. The large share of this region is primarily attributed to availability of large arable land, growing population, and adoption of new farming practices. However, Latin American region 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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