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(USGovernment-News.Com, June 22, 2018 ) Global Soil Conditioners Market was valued at USD 5.52 billion in the year 2017. Global Soil Conditioners market is further estimated to grow at a CAGR of 8.14 % from 2018 to reach USD 8.82 billion by the year 2023. Asia Pacific region holds the highest market share in 2017 and Europe is considered as the fastest growing market in the forecasted period due to growing demand of Soil Conditioners and increasing demand of quality crop. At country China, Australia & New Zealand in Asia-Pacific holds the notable market share and is projected to grow strongly in the coming years due to strongly growing agriculture sector.
The DOW Chemical Company (U.S.), Syngenta AG (Switzerland), Novozymes A/S (Denmark), Clariant International Ag (Switzerland), Croda International Plc (U.K), Agrofill S.R.L (Italy), Adama Agricultural Solutions Ltd (Israel) and BASF SE (Germany) are some of the key players in the Global Soil Conditioners market. Better global reach at operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
Drivers: Advancing agricultural techniques Growing awareness benefits associated with Soil Conditioners Increasing need of nutrients in soil
Restraints: Strict government regulations and policies Low acceptance rate
Opportunities: High opportunities in developing region
Challenges: High Cost for production
The segmentation are done on the basis of type, application, by crop type and by region. On the basis of types, the global Soil Conditioners market is sub segmented as natural and synthetic of which the synthetic segment is expected to hold the highest market share during the forecast period.
The segmentation done on the basis of application includes agriculture and industrial of which agriculture segment is expected to hold the highest market share due to high demand and various benefits. On the basis of crop type industry the market is segmented as cereals & grains, fruits & vegetables, Oilseeds & Pulses and Others of which Oilseeds & Pulses crop type is expected to grow at the highest CAGR during the forecasted period due to rise in consumption.
Key Benefits for Stakeholders Soil Conditioners Manufacturers, Distributors and Retailers Fertilizers and raw material manufacturers Research and Consulting Organization Agrochemical importers and exporters Government, Regulatory bodies and consumers.
By type Natural Polysaccharide Derivatives Others Synthetic Minerals Gypsum Polymers
By application Agriculture Industrial
By Crop type Cereals & Grains Fruits & Vegetables Oilseeds & Pulses Others
By Region North America Europe Asia-Pacific RoW
Key Market Players The DOW Chemical Company Syngenta AG BASF SE Novozymes A/S Clariant International Ag Sichuan Bestluck Chemical Co., Ltd. Biosoil Farm Croda International Plc Agrofill S.R.L Adama Agricultural Solutions Ltd
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