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18.01.2023 - 13:13:13

How The Increase In Demand For Agricultural Products Has Influenced Global Soil Conditioners Market Growth

include strengthening business operations through strategic acquisition. Major companies operating in the soil conditioners market are undergoing mergers and acquisitions to strengthen their position in the market. For instance, in February 2019, UPL, an India-based company that manufactures and markets agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals, also a major player of the global soil conditioners market, acquired Arista Life Sciences from Platform Specialty Products (USD) for $4.2 billion. UPL also acquired the company's soil conditioner portfolio. Arista Life Sciences is a US-based company that provides crop protection and life science products.

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This Soil Conditioners Market Report 2023 describes and explains the soil conditioners market and covers 2017 to 2022, termed the historic period, and 2022 to 2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report also evaluates the market across each region and for the major economies within each region. The regions covered in the industrial films report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the industrial films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

Per TBRC's analysis of the global soil conditioners market, Asia-Pacific was the largest region in the soil conditioners market valuing around $1.9 billion in 2022. The market accounted for 0.005% of the region's GDP. In terms of per capita consumption, the market accounted for $0.46, $0.2 lower than the global average. The soil conditioners market in Asia Pacific is supported by private and government investments, and by favorable government initiatives and rising investments in the region. For instance, in October 2022, the Asian Development Bank (ADB) invested in food security in India through investments in soil nutrition and climate-resilient farming. The Asian Development Bank (ADB) signed a $30 million loan with Smart chem Technologies Limited (STL) to finance capital expenditures and the research and development of enhanced-efficiency specialty fertilizers, as well as investments to promote energy efficiency, health, and safety.

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