Rise in deforestation, soil erosion, and land clearance, along with an increase in the use of organic soil conditioners in agriculture & gardening applications.
WILMINGTON, DE, UNITED STATES, December 31, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, “Soil Conditioner Market by Product Type (Organic, Inorganic), by Soil Type (Sand, Clay, Loam, Silt), by Application (Construction and Mining, Agriculture and Gardening, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report, the global soil conditioners industry generated $2.3 billion in 2021, and is anticipated to generate $3.7 billion by 2031, witnessing a CAGR of 4.7% from 2022 to 2031.𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/A16387
Prime Determinants of Growth
Rise in deforestation, soil erosion, and land clearance, along with an increase in the use of organic soil conditioners 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 adoption rate restrict market growth.
Moreover, inorganic soil conditioners, which are mineral-based, can rebuild soil quality and contain macro & micronutrients that plants can uptake over a longer period. These factors present new opportunities in the coming years.
Market Segmentation Highlights
Product Type
Inorganic Segment:
- Held the highest market share in 2021, accounting for nearly three-fifths of the global market.
- Estimated to maintain leadership status throughout the forecast period due to its wide usage across sectors such as agriculture, mining, roofing, and construction.
Organic Segment:
- Projected to manifest the highest CAGR of 5.0% from 2022 to 2031.
- Driven by a large demand for sustainable and organic farming practices.
Soil Type
Sand Segment:
- Accounted for the largest share in 2021, contributing nearly two-fifths of the global market.
- Projected to maintain its lead position during the forecast period due to its role in enhancing soil productivity.
Clay Segment:
- Expected to portray the highest CAGR of 5.1% from 2022 to 2031.
- Applications span construction, pottery, gardening, and other end-use sectors.
Regional Analysis
Asia-Pacific:
- Held the highest market share in 2021, accounting for nearly two-fifths of the global market.
- Anticipated to witness the fastest CAGR of 5.2% from 2022 to 2031, driven by the surge in soil conditioner usage for nutrients, soil fertility enhancement, and soil amendment purposes.
- Other Regions: North America, Europe, and LAMEA.
Leading Market Players
- BASF SE
- UPL Limited
- Gujarat State Fertilizers And Chemicals Limited
- Jaipur Bio Fertilizers
- Novozymes A/S
- Evonik Industries AG
- Greenfield Eco Solutions Pvt. Ltd.
- Oro Agri Europe S.A.
- SANOWAY GmbH
- Saint-Gobain
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/soil-conditioner-market/purchase-options
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.