Soil conditioners are used to improve fertility, quality, and mechanism of the soil. They maintain condition of the soil and also help to rebuild damaged soil. They also help to improve soil’s water retention ability, and nutritional level. Major factor driving growth of the global soil conditioners market is increasing awareness regarding improving soil condition and its maintenance among individuals. However, low adoption rate of soil conditioners may affect growth of the target market.
The global soil conditioners market has been segmented on the basis of type, soil type, solubility, application, and region. On the basis of type, the market is segmented into synthetic and natural segment holds major share in terms of revenue and expected to witness high growth over the forecast period, owing to growing organic farming and easy availability of natural soil conditioners in the local market.
On the basis of soil type, the market is segmented into clay, peat, slit, loam, and sand. On the basis of solubility, the market is segmented into hydrogel and water soluble. On the basis of application, the market is segmented into industrial and agricultural. Agricultural segment accounts for major share in terms of revenue and expected to maintain its position in the near future.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in Asia Pacific dominates the global market in terms of revenue and expected to witness high growth over the forecast period. Availability of large agricultural land and growing awareness regarding maintenance of nutritional level of soil among end-user are factors driving growth of the global market in this region. Market in Europe is expected to witness lucrative growth in terms of revenue in the near future, followed by North America, Latin America, and Middle East and Africa.
Key players operating in the global soil conditioners market include BASF SE, Syngenta AG, Novozymes A/S, The DOW Chemical Company, Adeka Corporation, Solvay S.A., Akzo Nobel N.V., Evonik Industries AG, Eastman Chemical Company, and Vantage Specialty Chemicals, Inc.