The new report by Expert Market Research titled, ‘Global Soil Treatment Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global soil treatment market, assessing the market based on its segments like technology, type and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 1 billion
- Forecast CAGR (2022-2027): 2 %
- Forecast Market Size (2027): USD 57.2 billion
The shrinking amount of arable land accessible for crop cultivation is driving the worldwide soil remediation sector. As a result of rising industrialisation and urbanisation, contemporary architecture is gradually encroaching on farmland and contaminating cultivation plots, putting a premium on soil protection for food production and benefiting the soil treatment sector. The soil treatment is used to treat soil that has been contaminated by industrial waste, chemicals like insecticides, herbicides, and pesticides, as well as other bacterial contaminants that may have harmed the soil’s quality. Furthermore, with the fast-growing population, there is a growing desire for nutritious and natural food products. This is also increasing demand for soil treatment, as healthy soil is a key component of good nutrition. As a result, the soil treatment market is gaining traction.
Industry Definition and Major Segments
Soil treatment is a set of techniques and procedures to reverse the impacts of pollution and industrialisation on barren land by restoring nutrients, balancing pH levels, and ensuring water retention to make the soil suitable for agricultural and other purposes.
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The soil treatment market, on the basis of technology, can be segmented into:
- Physiochemical Treatment
- Biological Treatment
- Thermal Treatment
Based on type, the market is divided into:
- Organic Amendments
- pH Adjusters
- Soil Protection
The regional markets include:
- North America
- Asia Pacific
- Latin America
- Middle East
Growing public awareness of soil degradation, as well as consequent government actions to treat contaminated and polluted soil, is propelling the soil treatment market forward. By restoring microbial activity, balancing pH, enhancing moisture retention, and reducing compaction, soil remediation technologies strive to restore soil quality. The increased usage of soil treatment technology is assisting the market’s expansion. The benefits of soil treatment techniques, such as improved nutrients and improved physical and biological components of the soil, are also moving the sector forward. Furthermore, market expansion is being aided by R&D initiatives that are introducing breakthroughs in soil treatment technologies, which are projected to boost industry growth in the coming years.
Key Market Players
The major players in the market are BASF SE, Syngenta Crop Protection AG, AMVAC Chemical Corporation, Novozymes A/S, Solvay SA, Soil Works LLC, and Others.
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