Increasing Awareness About Soil Management Practices Drives the Soil Conditioners Market


Posted November 21, 2018 by supriya1234

The Asia-Pacific region comprise developing countries with vast agricultural lands; the per capita income of the region depends on agricultural activities. Agricultural technologies are widely accepted and practiced in this region.

 
The soil conditioners market is projected to grow at a CAGR of 8.16% from 2016, to reach a projected value of USD 7.83 Billion by 2022. The market growth is driven by increasing awareness about soil management practices, and need for enhanced nutrient in soil. The market is further driven by the factors such as advanced farming practices and ensuring food security.

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The Asia Pacific region dominated the market and accounted for the largest share, in terms of both value and volume, in the global market, in 2016. Factors such as large population, vast agricultural land, wide acceptance of agricultural technologies and soil with poorly developed layers in countries of the Asia Pacific region are driving the growth of the soil conditioners market.

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Low level of awareness about the benefits of soil conditioning materials among the farmers is the key restraint for the growth of the market. Market players’ efforts in creating awareness and availability of soil conditioning materials (especially synthetic products) will aid the market to witness significant growth in the projected period.

The leading players that dominated the soil conditioners market include BASF SE (Germany), The Dow Chemical Company (US), Akzo Nobel N.V. (Netherlands), Evonik Industries AG (Germany), and Solvay S.A. (Belgium). Other players include Croda International Plc (UK), Clariant International AG (Switzerland), Lambent Corp. (US), Adeka Corporation (Japan), and Eastman Chemical Company (US). These key players have adopted strategic developments such as expansions & investments, collaborations & acquisitions, and agreements & investments to capture this emerging market.

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Issued By MarketsandMarkets
Phone 1-888-600-6441
Business Address Mr. Shelly Singh, MarketsandMarkets™ INC.,
630 Dundee Road, Suite 430, Northbrook, IL 60062
Country United States
Categories Agriculture , Business , News
Tags soil conditioners , soil conditioners market , soil conditioners market research report
Last Updated November 21, 2018