Press release
Soil Treatment Market Expansion Driven by Urbanization, Industrial Pollution, and Agricultural Sustainability Efforts
Soil Treatment Market
The global Soil Treatment market is estimated to reach over USD 72.96 billion by 2031, exhibiting a CAGR of 6.3% during the forecast period.
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The act of turning contaminated and less valuable soil into suitable agricultural soil is referred to as "soil treatment." It is essentially a process of soil conservation that improves soil quality for excellent grain production. It also helps to improve the fertility and effectiveness of the soil. The global loss of arable land is one of the primary causes driving the rise of the soil remediation sector.
The market is expanding quicker due to greater acceptance of the procedure's multiple advantages, which include improved soil nutritional, physical, and biological content, as well as improvements in farming practices. The shrinking amount of available arable land for crop production is driving the global soil remediation market. The modern building is progressively encroaching on farmland and polluting agricultural plots as a result of growing industrialization and urbanization, placing a premium on soil protection for food production and benefiting the soil treatment business.
Additionally, soil treatment is used to clean up soil that has been contaminated by bacterial pollution, industrial waste, chemicals like insecticides, herbicides, pesticides, and other substances that may have an impact on the soil's quality.
List of Prominent Players in the Soil Treatment Market:
• 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,
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Market Dynamics:
Drivers-
Synthetic pesticides and fertilizers have been shown to affect the environment and human health. Due to the significant environmental impact caused by synthetic fertilizers, several projects are being undertaken to improve agricultural management approaches. According to the United Nations and the Food and Agriculture Organization, synthetic fertilizers account for 13% of all agricultural greenhouse gas (GHG) emissions. Leading corporations and non-governmental organizations encourage sustainable farming practices by providing financial assistance and subsidies for agricultural microorganisms, which are vital components of such approaches.
Challenges:
The prime challenge was the abrupt COVID-19 pandemic breakout, which had caused the imposition of strict lockdown laws across several nations, delaying R&D efforts to introduce novel soil remediation options.
Regional Trends:
North America reported the largest agricultural microbials market share in 2021. Farmers are becoming more conscious of the environmental benefits of such bacteria, and organic agriculture practices are growing more popular. By establishing enabling legislative and regulatory frameworks, the region promotes the use of microorganisms. Organizations such as the National Science Foundation (NSF) and the United States Department of Agriculture (USDA) encourage research and development projects in order to enhance microbial diversity and secure a long-term supply of plant-associated microbes. Furthermore, the key players in the field are focusing on developing novel products and strategic collaborations to deliver microbiological solutions for productive and sustainable farming.
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Recent Developments:
• In May 2023, UPL Ltd. announced a collaboration with Biome Makers to understand better the beneficial effects of UPL's natural solution inputs on soil health. UPL will employ Biome Makers' BeCrop® Test technology in a series of worldwide experiments across diverse regions and cropping systems to learn more about the modes of action of its inputs. The results of these experiments will be used to drive future product development and to help producers make better-informed decisions regarding their agricultural techniques.
Segmentation of Soil Treatment Market-
By Technology-
• Physiochemical Treatment
• Biological Treatment
• Thermal Treatment
By Type-
• Organic Amendments
• pH Adjusters
• Soil Protection
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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