Latin America Soil Conditioners Market was worth USD 1.32 billion in 2021 and estimated to be growing at a CAGR of 8.89%, to reach USD 2.31 billion by 2026. Soil conditioners are materials that are added to soil in order to enhance their physical qualities, like fertility and also its mechanics. It comes under the category of soil amendments which includes many fertilizers and non-organic materials.
Soil conditioners have a wide range of applications. It is primarily used in order to compact the soil and improve its structure. Compacting the soil decreases the growth of roots, preventing their absorption of nutrients and water from the soil. Soil conditioners are also used to enhance the quality of poor soils by adding substances into them like compost, clay, beneficial bacteria, and minerals like calcium and magnesium among others. A few additives greatly enhance the capability of soils to exchange cations. They can also be used to enhance the water-retaining capacity, especially in dry and coarse soils by adding additives like organic materials for example.
Latin America Soil Conditioners Market Drivers:
The Latin America Soil Conditioners market is driven by factors such as rising awareness about the need for soil enhancement, technological advancements in agriculture like the use of precision agriculture techniques in soil and crop management, rising need for enhancement in the quality of soil, rising populations, and growing investment in research and development among others. However, the market is mainly constrained by a lack of awareness about soil conditioners in developing nations.
Latin America Soil Conditioners Market – By Application:
agricultural
Latin America Soil Conditioners Market – By Type:
Latin America Soil Conditioners Market – By Crop Type:
Latin America Soil Conditioners Market – By Solubility:
The natural soil conditioners segment is expected to have the largest share in the soil conditioners market. Within soil conditioners, the polysaccharide derivatives segment is expected to have the largest market share. The hydrogels segment is expected to grow at the fastest rate in the market.
Geographical Analysis:
The Latin American Soil Conditioners market is divided based on geography into
The market in this region is in its emerging stages of growth.
Key Players:
Some of the major players in the market include BASF SE (Germany), The Dow Chemical Company (U.S.), Evonik Industries AG (Germany), Akzo Nobel N.V. (Netherlands), and Solvay S.A. (Belgium), Croda International Plc (U.K.), Clariant International AG (Switzerland), Lambent Corp. (U.S.), Adeka Corporation (Japan), and Eastman Chemical Company (U.S.).
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