Soil Conditioners Market to Reach $7.8 Billion by 2022 - Key Players are BASF SE, Dow Chemical Company, Akzo Nobel, Evonik Industries AG & Solvay
DUBLIN, July 26, 2017 /PRNewswire/ --
The "Soil Conditioners Market - Global Forecast to 2022" report has been added to Research and Markets' offering.
The soil conditioners market was valued at USD 4.90 Billion in 2016 and is projected to be valued at USD 7.83 Billion by 2022 with a CAGR of 8.16%. Soil conditioners find wide applications in agricultural and industrial sectors. Factors such as advanced farming practices and the need for better soil management practices have fueled the growth of this market.
On the basis of type, the global soil conditioners market is segmented into natural and synthetic types. Natural soil conditioners are used as a soil amendment to alleviate its poor properties and to increase its productivity. It is further segmented into polysaccharide derivatives and others such as animal dung, compost, sewage sludge, crop residues, and other organic amendments such as peat and tree bark. The ease of availability of materials is the key factor that driving the market of the natural soil conditioners. Synthetic soil conditioners are light-colored, water-soluble, and hygroscopic moisture absorber, comprising complex, long chain of molecules that are used for conditioning the soil.
The soil conditioners market, on the basis of application, is segmented into agricultural and industrial applications. The demand for soil conditioners is forecasted to increase in the next few years due to increasing awareness about soil management practices, to have better yield of crops. The oilseeds & pulses segment accounted for the largest market share in 2016.
The extent and causes of physical, chemical, and biological degradation of soil and soil loss have been largely observed in many European countries. The European Union, in June 2009, under the Commission Decision 2009/427/EC, formed the Expert Group for Technical Advice on Organic Production (EGTOP) which would provide assistance related to organic farming. The group also drafted the template for the dossier mentioned in Art. 16(3) (b) of Council Regulation (EC) 834/2007 in relation to fertilizers and soil conditioners such as hydrolyzed proteins, leonardite, chitin, and sapropel.
Low level of awareness about the benefits of soil conditioning materials among the farmers is the key restraint for the growth of the market. Market players' efforts in creating awareness and making availability of soil conditioning materials (especially synthetic products) will aid the market to witness significant growth in the projected period.
Companies Mentioned
- Adeka Corporation
- Akzo Nobel N.V.
- Basf Se
- Clariant International Ag
- Croda International Plc
- Eastman Chemical Company
- Evonik Industries Ag
- Novozymes A/S
- Solvay S.A.
- Syngenta Ag
- The Dow Chemical Company
- Vantage Specialty Chemicals, Inc.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Soil Conditioners Market, By Type
7 Global Soil Conditioners Market, By Application
8 Soil Conditioners Market, By Solubility
9 Soil Conditioners Market, By Crop Type
10 Soil Conditioners Market, By Soil Type
11 Soil Conditioners Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/3khzpt/soil_conditioners
Media Contact:
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Share this article