Europe Soil Conditioners Market size estimated to grow at a CAGR of 5.49% during the forecast period 2018–2023-The Revert News
Europe soil conditioners market which is poised to attain a valuation of $1.13 billion by the end of 2023 and the market to grow at a CAGR of 5.49% during the forecast period 2018â2023.
Reduced arable land in European countries is leading to a demand for soil conditioners, and this reflects in the growing Europe soil conditioners market which is poised to attain a valuation of $1.13 billion by the end of 2023, according to market analysis by IndustryARC’s analyst. Furthermore, the analyst has assessed all the market forces of Europe soil conditioners market, and has concluded that the forecast period 2018-2023 will witness a growth in demand for soil conditioners in Europe at a profitable CAGR of 5.49%.
According to the findings by the World Bank, the percentage of arable land in most of the European countries such as Austria (currently at 16.3%), Croatia (15.6%), Czech Republic (32.3%), and Germany (33.7%) is on a perpetual decline. While some countries such as Belgium and Denmark have ample amount of arable land. Agriculture sector in these countries is attributable to soil management techniques that include application of soil conditioners for an improved distribution, penetration, and retention of water. The report covers Europe soil conditioners Market size by type and applications, Europe soil conditioners market share by top 5 companies and also the market share by start-ups during the forecast period.
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Such insights pertaining to the Europe soil conditioners market are documented in a market intelligence report titled, “Europe Soil Conditioners Market: By Type (Organic and Synthetic); By Solubility (Water Soluble and Hydrogels); By Crop Type (Cereals and Grains, Oilseeds and Pulses, and Others); By Soil Type (Sand, Silt, and Others); By Application (Agriculture and Industrial); and By Geography Forecast (2018 2023)”, which provides a peek into all factors affecting the Europe soil conditioners market along with trends, growth opportunities, and challenges that the vendors can face during the forecast period. Furthermore, the analyst has delved into all the segments of the Europe soil conditioners market and has provided information about the growth of the market in each segment which will help to identify the most lucrative soil conditioners marketplace.
Europe Soil Conditioners Market: Geographical Analysis and Leading Segments
France is found to be the most lucrative soil conditioners marketplace in Europe, and the country accounted revenue of $184.55m in 2017. As estimated by the Food and Agricultural Organization (FAO) of the United Nations (UN), France had an impressive 28,718.02 ha of agricultural land in 2016, which supported the thriving agricultural sector of the country. The cultivation of vast land entails application of soil conditioners for better crop productivity, which supports the Europe soil conditioners market.
Cereal crops is the most lucrative application segment in the Europe soil conditioners market which is poised to grow at a CAGR of 5.30% through to 2023. European countries such as Denmark, France, Germany, Hungary, and Norway have been observing an increment in the cereal crop production for a few years now. In 2016, the collective production of cereal in the above-mentioned countries stood at 135.394 million metric tons, according to the World Bank, and the upcoming years anticipate growth in production in order to fulfill the demand from rising population.This makes the cereal crops segment a propitious Europe soil conditioners marketplace.
Europe Soil Conditioners Market: Trends and Growth Drivers
The Growing Demand for Organic Produce in Europe
According to the Research Institute of Organic Agriculture (FiBL), the organic market in Europe stride at 11% increase year on year with total revenue of $41.62 billion in 2017.This booming organic market in Europe is creating opportunities for vendors in the Europe soil conditioners market, as organic produce require soil conditioners so that soil can absorb and retain ample water for good cultivation productivity.
Growing Awareness About the Soil Management Practices
There is a growing awareness related to sustainable soil management techniques in countries of Europe, which also include application of soil conditioners to improve the quality of soil. This awareness is driving the Europe soil conditioners market.
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Europe Soil Conditioners Market: Competitive Landscape
Some of the key companies identified in the Europe soil conditioners market intelligence report that are striving to capitalize on the customer-base are BASF SE, Solvay S.A., Evonik Industries AG, AkzoNobel N.V., Novozymes A/S, Croda International plc, Ro Agri, Veolia Environment S.A., Eastman Chemical Company, and ICL Specialty Fertilizers.
a) Soil Treatment Market
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