According to the research report titled ‘Global Soil Conditioners Market Size study, by Product Type (Organic(Compost, Green and Farmyard Manure, Peat, Others), Inorganic (Polymers, Gypsum)),by application(Agriculture, Construction & mining, Others) and Regional Forecasts 2021-2027’, available with Market Study Report, global soil conditioners market was worth USD 1.7 billion in 2020 and is expected to register 8.3% CAGR over 2021-2027 to reach a valuation of USD 3 billion by the end of the projected timeframe.
 

As per the report findings, factors such as population growth, declining levels of arable land, rapid industrialization, and increasing irrigation demands are catalyzing the growth of global soil conditioners market.
 

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Moreover, rising awareness about soil management practices, and advancements in farming practices are also fueling the expansion of the business domain.
 

For instance, the Food and Agriculture Organization estimated that land equipped for irrigation would increase by 32 million hectares and harvested irrigated land would grow by 17% by 2050.
 

It is to be noted that soil conditioners are used to prevent lack of nutrient availability in crops. Farmers make use of soil conditioners like compost, green manure, and other organic matter to improve soil composition and restore soil fertility. These products allow plants to absorb water as well as nutrients more effectively.
 

Additionally, leading organizations are launching new products to enable farmers to enhance the quality of soil, which in turn is boosting the industry remuneration.
 

On the downside, purchase of low-quality products by farmers, less adoption rate as well as high cost of inorganic products are likely to hamper the industry growth over the analysis timeframe.
 

In terms of product type, worldwide soil conditioners market is bifurcated into inorganic and organic, whereas based on application scope, the industry vertical is classified into construction & mining, agriculture, and others.
 

From a regional point of view, North America, Europe, Latin America, and Asia pacific are major contributors to industry remuneration. Among these, Asia Pacific currently holds a considerable market share in terms of agricultural products, owing to favorable climatic conditions and availability of vast fertile fields.
 

Parallelly, North America industry is slated to register a significant growth rate over the study period, with the U.S. as a major crop-producing nation, creditable to a strong regulatory system that promotes technical advancements in farming methods.
 

Leading companies in global soil conditioners market include Southern Petrochemical Industries Corporation Ltd., Omnia Holdings Ltd., Evonik Industries AG, FoxFarm Soil & Fertilizer Company, Mangalore Chemicals & Fertilizers Ltd., UPL Ltd., Compagnie de Saint-Gobain S.A, Geoponics Inc., Sanoway GmbH, and GreenBest Ltd.