PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1551221
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1551221
According to Stratistics MRC, the Global Soil Conditioners Market is accounted for $7.692 billion in 2024 and is expected to reach $14.004 billion by 2030 growing at a CAGR of 10.5% during the forecast period. Soil conditioners are substances added to soil to improve its physical properties and enhance its fertility, structure, and overall health. They work by modifying the soil's texture, increasing its ability to retain moisture, and promoting better aeration and drainage. Common soil conditioners include organic materials like compost, manure, and peat moss, which enrich the soil with nutrients and beneficial microorganisms. Inorganic options such as gypsum and lime can correct pH imbalances and improve soil structure.
According to Food and Agriculture Organization (FAO), 38% of global soil has been degraded, which causes the loss of soil organic matter, salinity, acidity, or alkalinity, and a decline in fertility, and by 2050, 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%.
Rise in soil degradation
As soil degradation intensifies globally due to factors like erosion, deforestation, and unsustainable agricultural practices, the demand for soil conditioners is on the rise. Soil conditioners are substances added to soil to improve its physical properties, enhance nutrient availability, and promote healthy plant growth. With increasing soil degradation, the need for these conditioners has grown as they help restore soil structure, retain moisture, and increase fertility. By improving soil health, conditioners can mitigate the adverse effects of degradation, such as reduced crop yields and loss of biodiversity.
Regulatory and compliance issues
Regulatory and compliance issues are significantly hindering the soil conditioners industry by imposing stringent requirements that complicate production and marketing processes. Governments and environmental agencies enforce rigorous standards to ensure that soil conditioners are safe and effective, which involves extensive testing, documentation, and certification. These regulations can be costly and time-consuming for companies to meet, particularly for smaller or new entrants in the market. differing regulations across regions or countries create complexities for companies operating internationally, as they must navigate a patchwork of legal requirements.
Increasing demand for improved agricultural yields
The rising global demand for higher agricultural yields is driving significant advancements in soil conditioners. These products, which enhance soil health and fertility, are becoming increasingly sophisticated to meet the needs of modern farming. Soil conditioners improve the physical, chemical, and biological properties of soil, leading to better water retention, nutrient availability, and root development. By improving soil structure and microbial activity, these conditioners help sustain agricultural productivity and reduce the need for chemical fertilizers, contributing to more sustainable farming practices.
High cost of product development
The high cost of product development is a significant barrier for soil conditioners, as it strains the resources of companies aiming to innovate and improve soil health solutions. Developing advanced soil conditioners requires substantial investment in research and development, including the costs of sourcing high-quality materials, conducting rigorous testing, and meeting regulatory standards. This financial burden can be particularly challenging for smaller companies or startups with limited budgets. However, the complexity of creating effective formulations that are both environmentally friendly and commercially viable further escalates costs.
The COVID-19 pandemic significantly impacted the soil conditioners industry, disrupting supply chains and altering demand patterns. Lockdowns and restrictions led to a slowdown in production and delays in the delivery of raw materials, which affected the availability of soil conditioners. The agricultural sector, facing labor shortages and shifting priorities, saw a reduced focus on soil health and conditioning. Fluctuations in global trade and economic uncertainties caused volatility in prices and market access. Despite these challenges, the pandemic also accelerated innovation, as companies sought to enhance the efficiency of soil conditioners and adopt more sustainable practices.
The Inorganic segment is expected to be the largest during the forecast period
Inorganic segment is expected to be the largest during the forecast period. The inorganic segment of soil conditioners plays a pivotal role in improving soil health and productivity by addressing deficiencies and enhancing soil structure. These conditioners, typically composed of minerals like gypsum, lime, and zeolites, help to adjust soil pH, improve drainage, and increase nutrient availability. For instance, gypsum can alleviate soil compaction and improve water infiltration in clay soils, while lime is used to neutralize acidic soils, promoting optimal conditions for plant growth. By integrating these inorganic materials, soil conditioners contribute to more robust and resilient agricultural systems, ultimately leading to increased crop yields and sustainable farming practices.
The Oilseeds & Pulses segment is expected to have the highest CAGR during the forecast period
Oilseeds & Pulses segment is expected to have the highest CAGR during the forecast period. The Oilseeds & Pulses segment is substantially advancing the development and use of soil conditioners to boost agricultural productivity and soil health. These enhancements focus on improving soil structure, nutrient availability and moisture retention, which are crucial for optimal crop growth. By integrating advanced soil conditioners into farming practices, the segment aims to enhance the efficiency of nutrient uptake by oilseeds and pulses, leading to better crop yields and quality.
Asia Pacific region commanded the largest share of the market over the extrapolated period through the use of soil conditioners, which play a crucial role in improving soil health and resilience. Soil conditioners, such as organic matter, biochar, and polymer gels, enhance soil structure, water retention, and nutrient availability, making it easier for crops to withstand extreme weather conditions like droughts and heavy rains across the region. In areas prone to soil erosion or degradation, these conditioners help restore soil fertility and stability, promoting sustainable agricultural practices throughout the region. This adaptation strategy not only boosts agricultural productivity but also contributes to the region's overall climate resilience by mitigating the impacts of climate-induced soil degradation.
Europe region is poised to hold profitable growth during the projection period by promoting sustainable agricultural practices and environmental stewardship. The European Union and various national governments are increasingly offering financial subsidies, grants and tax incentives to encourage the use of soil conditioners that improve soil health and fertility. These policies aim to reduce soil degradation, increase organic matter content, and enhance nutrient retention across the region. Initiatives like the Common Agricultural Policy (CAP) and Horizon Europe funding are pivotal in supporting research, development and the adoption of innovative soil conditioners.
Key players in the market
Some of the key players in Soil Conditioners market include ADAMA Agricultural Solutions Ltd, Bayer AG, Corteva Agriscience, FMC Corporation, Lallemand Inc, Nutrien Ltd, OMEX Agrifluids Ltd, Syngenta AG, Tetra Technologies, Inc, The Mosaic Company and Yara International ASA.
In October 2023, Progressive Planet Solutions Inc., known for eco-friendly technology, launches CARBON Ca, an organic soil enhancer designed for up to 1,355 acres in the upcoming autumn. This product follows CARBON(TM) PK and has been marketed with 61 metric tonnes in Western Canada, aiming to enhance soil quality for agricultural applications.
In January 2023, Lamberti S.p.A. acquired Aquatrols to expand its presence in the turf industry and growing media market and further develop its agriculture water optimization products within the agriculture division
In May 2022, Koppert India and UPL India signed an agreement wherein Koppert will produce a biofertilizer for UPL, which UPL will offer under its new global business unit, NPP, to its growers in India. The biofertilizer, with the brand name Copio, helps improve soil health, leading to better plant establishment and improved overall output. This commercial relationship is the continuity of the long-term collaboration between both companies, already consolidated in Japan and Spain and primed to grow across new geographies.