The global soil conditioners market is projected to register a CAGR of 5.8% during the forecast period (2021-2026). The global soil conditioners market is primarily affected by the pandemic, Covid-19. The manufacturers have faced challenges in terms of operations due to lockdown restrictions and supply chain disruptions. Asia-Pacific region is the largest player in the global market is adversely affected by Covid-19 due to the lethal spread of the pandemic in China, Japan, and India. The degradation of Soil Condition and Soil Structure and the need for food security and enhanced nutrient management in the soil are some of the factors driving the market growth for soil conditioners. Low adoption rates and the high cost of inorganic soil conditioners are restraining its market growth. UPL Limited, Saint-Gobain Group, Omnia Holdings Limited, and Sanoway GmbH are some of the prominent players who are operating in this market.
Key Market Trends
Degradation of Soil Condition and Soil Structure
According to the Food and Agriculture Organization (FAO), the land equipped for irrigation is expected to expand by 32.0 million hectares, while harvested irrigated land is expected to expand by 17.0% by 2050. These scenarios are expected to be witnessed in developing countries, which is resulting in insufficient nutrient supply to the crops. This, in turn, is leading to lower yield of crops, along with a decline in the quality of the final product. The growing population across the world is resulting in decline in the proportion of arable land, which is primarily used to produce food. This is necessitating cultivation in poor soils. Soil degradation, directly and indirectly, affects agricultural productivity and water quality, owing to the rise in soil erosion, overgrazing, and other human-induced activities, such as deforestation, mining, industrial development, etc. Increasing soil conditioners, and irrigation use efficiencies addresses the input side of the equation to the soil condition, which has been driving the market for soil conditioners in recent times. Farmers across the globe are using soil conditioners, such as green manure, compost, etc., to recover soil fertility and to address the structure of the soils so that it helps the plants to take up nutrients and water efficiently. Companies in the market are introducing new products to cater to the farmers’ demands for improving soil condition and structure.
Asia-Pacific Dominates the Market
Asia-Pacific is considered to be one of the largest markets for agricultural products due to its large fertile lands and favorable climatic conditions. In spite of these favorable conditions, the region is witnessing severe soil degradation due to frequent cropping to meet the food demand. In such a scenario, soil conditioners such as compost play a very important role as a replacement or supplement for chemical fertilizers in replenishing the nutrient-depleted soil. In countries such as India, the use of organic manure, including farmyard manure and green manure, is the oldest and most widely practiced means of nutrient replenishment for plants. As per a report by the Food and Agriculture Organization of the United Nations (FAO), owing to a high animal population in India, farmyard manure is the most common of the organic manures with cattle accounting for 90.0% of the total manure production in the country. With a rise in soil erosion rates, land clearance and deforestation etc has induced the farmers to rely on soil conditioners to improve yields and soil health to address the growing food demand of the ever-increasing population in the region. This, in turn, is expected to drive the market for soil conditioners in the near future.
The market is highly fragmented with the presence of many local and international players operating in the market. UPL Limited, Saint-Gobain Group, Omnia Holdings Limited, and Sanoway GmbH are some of the prominent players who are operating in this market. These players are innovating new products that cater to the needs of growers across various regions.
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