Soil Treatment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Soil treatment is the process to improve and rejuvenate the soil by eradicating contaminants. Such soil contamination is caused by various wastes such as oil, non-degradable material, etc.; and by various chemicals, including pesticides, petroleum hydrocarbons, pesticides, heavy metals, etc. Treatment of contaminated soil and converting it into viable cultivating land is the main purpose of soil treatment. In addition, soil treatment also helps in the improvement of soil content and conservation of soil. Countries with low arable land can see surging demand for soil treatment products. The soil treatment market is expanding due to changes in agricultural practices, the growing population, and rising food demand.

MARKET DYNAMICS

The soil treatment market is forecasted to show significant growth in recent years. Surging demand for food and declining per capita viable agricultural land fuels the growth of the market. As per the FAO'S resource estimation for 2050, only 12 % of the land worldwide is used for the cultivation of crops. This can accelerate the need for reusing the existing cultivable lands and hence can expand the market growth. A decrease in nutrients in the soil further boosts the soil treatment market. This lack of nutrients is majorly due to the decline in soil fertility because of the excessive application of pesticides and chemical fertilizers. Various soil treatment techniques, such as thermal, physiochemical, and biological, enhance the crop's quality by replenishing the lost nutrients.

Soil treatment is one of the significant activities for sustainable agriculture. There are various advanced technologies adopted for treatment of soil. Governments of various countries across the globe are in favor of sustainable agriculture which creates growth opportunities for players operating in soil treatment market. Moreover, growth of agriculture industry in developing countries followed by rising awareness for soil treatment products is expected to accelerate the growth of soil treatment market in the coming years. The key players in the market are also active in taking strategic initiatives and are focusing on conducting R&D activities for new product launches to grab a larger customer base. However, progressing biotechnology and firm regulations can inhibit the growth of the market. In addition, due to the absence of awareness, the little adoption rate of soil treatment can also suppress the market's growth.

MARKET SCOPE AND REPORT FEATURES

The “Global Soil Treatment Market Analysis to 2031” is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by treatment, product type, and geography. The global soil treatment market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of soil treatment worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the soil treatment market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in soil treatment market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global soil treatment market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global soil treatment market is segmented on the basis of treatment and product type. Based on treatment, the soil treatment market is segmented as physiochemical, biological and thermal. On the basis of product type, the market is classified as organic amendments, pH adjusters, weed controllers, and pest controllers.

Based on product type, the organic amendments held the dominating share due to their extensive use as manures in the production of agriculture at the global level. Besides solving the restricted water holding capacity issue, it also enhances the physical and biological content of the soil. Improvement in the Ph and texture of the soil, coupled with an increase in nutrient retention and cation exchange capacity, further invigorate the growth of the soil treatment market.

REGIONAL INSIGHTS

The report provides a detailed overview of the global soil treatment market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. North America will dominate the soil treatment market in the forecasted timeframe. In countries including Mexico, the US, and Canada, the issues of soil contamination and rejuvenation are of great concern. This surges the demand for soil treatment products in the region. In Canada, various stringent phytosanitary measures are made necessary to inhibit the spread of soil-borne pests and thus decrease soil contamination. Such awareness about soil treatment in the region escalates the market's growth.

MARKET PLAYERS

Some of the key players operating in the soil treatment market include, Arkema S.A., BASF SE, Certis USA LLC, Chemtura Corporation, Agrofill S.R.L., Syngenta, DOWA ECO-SYSTEM Co. Ltd, Ohp Inc., Soil Technologies Corp., Swaroop Agrochemical Industries, Agro Phos (India) Limited, UPL Limited, Corteva Agriscience, and Novozymes AS, among others.

Soil Treatment Report Scope