Market Size of Soil Conditioners Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.80 % |
| Fastest Growing Market | Europe, Middle-East and Africa |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Soil Conditioners Market Analysis
The global soil conditioners market is projected to register a CAGR of 5.8% during the forecast period.
- Due to the intensive use of fertilizers, soil degradation has become a global problem, leading to the depletion of organic matter and soil fertility. Meanwhile, the intensification of agriculture accompanied by urbanization and industrialization has drastically accelerated the waste generation rate.
- For instance, coal mining produces wastes in large quantities globally, most of which end up in landfills or dump into storage dams. Accordingly, sustainable food production is driving global innovations to utilize various waste materials better to make value-added products, such as soil conditioners.
- Nowadays, soil conditioners are important in improving plant growth and soil health and reducing chemical fertilizer use. For instance, Phosphorus run-off from agriculture fields in southern Finland is the largest threat to water quality and living marine resources in this area of the Baltic Sea, and traditional farming methods have proven inadequate. So, using gypsum as a soil amendment on agricultural fields will reduce run-off pollution by 50%, decrease demand for virgin-mined phosphorus, and reuse industrial waste. This will encourage the growth of the market in the coming years.
- Soil management is an increasingly important global issue. 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. The degradation of soil conditions and structure, the need for food security, and enhanced nutrient management in the soil are some factors driving the market growth for soil conditioners in the coming years.
