The Soil Conditioners by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Soil Conditioners, The soil conditioners market size has grown strongly in recent years. It will grow from $5.91 billion in 2023 to $6.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to economic growth in emerging markets, a decline in the availability of arable land due to industrialization, an increased demand for organic food products, an increasing demand for plant-based food items and increasing concerns about the environment.
The soil conditioners market size is expected to see strong growth in the next few years. It will grow to $8.34 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to a rise in demand for agricultural products, a rapid growth of the agriculture and allied sectors and a growing focus on innovative farming techniques. Major trends in the forecast period include launch of fulvic acids soil conditioners for best use of nutrients, focus on advanced soil conditioning packages, technological advancement, launch of organic soil conditioners to improve soil structure and strategic mergers and acquisitions.
Increased demand for organic food products is expected to propel the growth of the soil conditioners market. Soil conditioners can improve poor soils by adding organic material among soil particles. Soil conditioners improve soil structure through increasing water retention, increasing aeration and adding plant nutrients. Such soil is useful to grow organic food products. Organic food products can be beneficial for soil conditioning through the principles and practices associated with organic farming. For instance, in june 2022, according to the current Organic Trade Association (OTA) Organic Industry Survey, customers will return to more stable, buy-as-you-need shopping patterns in 2021. Organic sales exceeded $63 billion between 2020 and 2021, with a $1.4 billion (2 %) year-on-year increase. Therefore, the increased demand for organic food products is driving the growth of the soil conditioners market.
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The soil conditioners market covered in this report is segmented –
1) By Product Type: Organic, In-Organic
2) By Formulation: Dry, Liquid
3) By Soil Type: Sand, Silt, Clay, Loam, Other Soil Types
4) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Others
Companies in the market are focusing on technological advancement to improve the quality of soil in different climatic conditions. For example, in June 2021, Locus AG, a US-based company specializing in the Farming area, launched Pantego, a next-generation soil probiotic technology hitting the US agriculture market for the 2021 season. Locus Agricultural Solutions (Locus AG), developed the line of non-GMO (non-Genetically modified organisms) microbial soil amendments to provide industry-leading agronomic and environmental benefits, with the potential to increase on-farm return on investment by two to three times. Pantego has added flexibility for use in cooler temperature soils and unlocks phosphorus-mobilizing features that are crucial for crops.
The soil conditioners market report table of contents includes:
1. Executive Summary
2. Soil Conditioners Market Characteristics
3. Soil Conditioners Market Trends And Strategies
4. Soil Conditioners Market – Macro Economic Scenario
…
32. Global Soil Conditioners Market Competitive Benchmarking
33. Global Soil Conditioners Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Soil Conditioners Market
35. Soil Conditioners Market Future Outlook and Potential Analysis
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