Rise in deforestation, soil erosion, and land clearance and increase in use of organic soil conditioner in agriculture & gardening applications drive the growth of the global soil conditioners market. However, the time-consuming process, high cost of inorganic soil conditioners, lack of awareness, and low adaption rate restrict the market growth. Moreover, inorganic soil conditioners are mineral-based soil conditioners that can be used to rebuild the soil quality and it has macro & micro nutrients in which plants can easily uptake nutrients for a longer period. These factors present new opportunities in the coming years.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The global soil conditioner market forecast was valued at $2.3 billion in 2021, and is projected to reach $3.7 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The inorganic segment held the highest market share in 2021, accounting for nearly three-fifths of the global soil conditioners market, and is estimated to maintain its leadership status throughout the forecast period, owing to wide usage in various sectors such as agriculture, mining, roofing, and construction. However, the organic segment is projected to manifest the highest CAGR of 5.0% from 2022 to 2031, attributed to large demand for sustainable and organic farming.
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The Soil conditioner market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
The sand segment accounted for the largest share in 2021, contributing to nearly two-fifths of the global soil conditioners market, and is projected to maintain its lead position during the forecast period, owing to enhancement of the soil productivity. However, the clay segment is expected to portray the largest CAGR of 5.1% from 2022 to 2031, due to a wide range of applications in construction, pottery, gardening, and other end-use sectors.
Soil conditioner Companies covered market:- BASF SE, UPL Limited, Gujarat State Fertilizers And Chemicals Limited, Jaipur Bio Fertilizers, Novozymes A/S, Evonik Industries AG, Greenfield Eco and Other.
Analysis of COVID-19 impact:
The outbreak of the pandemic has had a massive impact on the majority of industries and the Soil conditioner market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Soil conditioner market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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