Global Soil Conditioners Industry was valued at USD 5.5 Billion in the year 2017. Global Soil Conditioners Industry is further estimated to grow at a CAGR of 8.13% from 2019 to reach USD 10.30 Billion by the year 2025. Asia Pacific region holds the highest Industry share in 2017 and Europe is considered as the fastest growing Industry in the forecast period due to growing demand of Soil Conditioners and increasing demand of quality crop. At country China, Australia & New Zealand in Asia-Pacific holds the notable Industry share and is projected to grow strongly in the coming years due to the strongly growing agriculture sector.
Major market players in Soil Conditioners Industru are The Dow Chemical Company, Syngenta AG, BASF SE, Novozymes A/S, Clariant International Ag, Sichuan Best luck Chemical Co. Ltd., Biosoil Farm, Croda International Plc, Agrofill S.R.L, Adama Agricultural Solutions Ltd, Loveland Products Inc., Solvay S.A., and brief overview of 9 companies is provided in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
SWOT Analysis of Soil Conditioners Industry:
Advancing agricultural techniques
Growing awareness benefits associated with Soil Conditioners
Increasing need for nutrients in the soil
Strict government regulations and policies
Low acceptance rate
High opportunities in the developing region
The segmentation is done on the basis of type, application, by crop type and by region. On the basis of types, the global Soil Conditioners Industry is sub-segmented as natural and synthetic of which the synthetic segment is expected to hold the highest Industry share during the forecast period.
Soil Conditioners Industry Segmentation:
By Crop Type
• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
o Polysaccharide Derivatives
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa