The Global Soil Treatment Market Size is valued at 42.80 billion in 2022 and is predicted to reach 72.96 billion by the year 2031 at a 6.3% CAGR during the forecast period for 2023-2031.
Key Industry Insights & Findings from the Report:
- The increasing global population and reduced availability of arable land are driving the soil treatment market.
- The lack of nutrient-rich soil is driving the soil treatment market.
- North America dominated the market and accounted for a global revenue share in 2023.
- The key challenge for the soil treatment market is the increasing kniwledge about the harmful effects of agrochemicals on soil health.
The biological and physical components of the soil, which are deteriorating as a result of the increasing industrialization, are addressed as part of the soil treatment process. Synthetic substances, such particle matter, which are mixed into the soil's composition and leave the soil barren while adversely affecting the development of yields, are the contamination brought on by numerous businesses.
During the projected period, rising food grain consumption and population growth are expected to boost the global soil treatment market. A few contaminants are added to the soil's surface, such as horticultural synthetic chemicals. Through holes on covered tanks, sewage pipes, or landfills, additional contaminants gather below the surface. Problems can also be caused by air pollutants that contain harmful compounds.
Global population expansion along with rapid urbanization have reduced arable land and increased food scarcity. This, along with increased demand for high-quality food grains, is one of the key drivers driving global sales of soil treatment products.
Furthermore, a growth in health consciousness among individuals as a result of the growing frequency of chronic illnesses is driving global demand for organic food. As a result, market expansion is accelerating. Soil treatment treatments improve its nutritional, physical, and biological composition by restoring the pH of the soil, revitalizing the microbial community, and enhancing moisture retention. Microbes have various advantages, including increased crop yield, fertilizer intake, and organic farming. The urge for sustainable farming is growing, and it is being pushed by the world's growing population. The general public is becoming increasingly aware of the damaging effects of man-made substances on health.
Besides, the increased need for microbials for sustainable agricultural intensification is expected to drive market growth. As a result, they are becoming increasingly popular as a biological source of increased output, and their use into integrated farming practices is projected to eliminate yield gaps. Also, the agricultural microbials market is expected to grow due to microbials' low cost and environmental friendliness.
Competitive Landscape:
Some of the major key players in the Soil Treatment market are:
- ADAMA India Private Limited
- Agro phos india limited
- American Vanguard Corporation
- AMVAC Chemical Corporation
- BASF SE
- BAYER crop science AG,
- Corteva AgriScience
- DOWA ECO-SYSTEM Co. Ltd.
- Element Solutions
- International Rehabilitation and soil stabilization services,
- ISAGRO spa
- Kanseho Soil Treatment SRl/BV
- Monsanto Company
- Novozymes A/S
- OHP, inc.,
- Platform specialty products,
- Rallis India Limited
- SA Lime & Gypsum
- SAINT GOBAIN, Rallis India Limited,
- Sardar Bio Chem,
- Soil Technologies Corp,
- Soil works LLC
- Solvay
- Southern Petrochemical Industries Corporation (SPIC) Limited
- SWAROOP AGROCHEMICAL INDUSTRIES,
- Terracottem Australasia Pty Ltd,
- Terramanus Technologies LLC,
- UPL Limited,
Market Segmentation:
The Soil Treatment market is categorized on the basis of technology and type. Technology segment includes Physiochemical Treatment, Biological Treatment, and Thermal Treatment. By type, the market is segmented into Organic Amendments, pH Adjusters, and Soil Protection.
Based On Technology, The Physiochemical Treatment Segment Is Accounted As A Major Contributor In The Soil Treatment Market
The high demand for physiochemical treatment, which includes extractive techniques like stripping, floatation and classification, as well as chemical detoxification, is what is expected to make it the market leader globally over the forecast period.
Soil Protection Segment Witness Growth At A Rapid Rate
The soil protection segment is projected to grow at a rapid rate in the global Soil Treatment market. The sector of organic amendments dominated the soil treatment market. In areas where there is a significant demand for arable land, soil treatment solutions are employed extensively.
In The Region, The North America Soil Treatment Market Holds Significant Revenue Share
During the projected period, North America is anticipated to hold a sizable portion of the market. Among the often used items are soil treatment chemicals like pH adjusters and organic additions. One of the key factors propelling the soil treatment market in the area is changing cultivating practises. Due to the rapid development of the agricultural soil sector, it is predicted that the market in Asia Pacific would grow at a quick rate during the forecast period.
Recent Developments:
- In January 2024, ADAMA Ltd., a leading crop protection company, announced the launch of five new cereal fungicide products across Europe to tackle the most serious diseases impacting farmer yields at each stage of the crop's reproductive phase.
- In May 2023, UPL formed a partnership with Biome Makers to improve soil health and advance agricultural sustainability. UPL employed Biome Makers' BeCrop Test technology in a set of worldwide experiments conducted in various regions and cropping systems to obtain more detailed understanding of how its inputs function.
Soil Treatment Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 42.80 Billion |
|
Revenue Forecast In 2031 |
USD 72.96 Billion |
|
Growth Rate CAGR |
CAGR of 6.3 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, By Technology |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
BASF SE, Syngenta Crop Protection AG, AMVAC Chemical Corporation, Novozymes A/S, Solvay SA, Soil Works LLC, and Others |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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