CAGR: 6.4%Current Market Size: USD 40.9 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global soil treatment market is expected to grow from USD 40.9 billion in 2022 to USD 67.18 billion by 2030, at a CAGR of 6.4% during the Projection period 2023-2030. The growth of the soil treatment market is mainly driven by the increase in consumer consumption.
The process of improving the biological and physical composition of soil, which is deteriorating as a result of the rapid industrialization, is known as soil treatment. Chemicals and other pollutants from industry, such as particulate matter, are blending with the soil's natural elements. Soil treatment can be used to clean up contaminated soil and transform it into usable agricultural soil. It also helps to increase the fertility and effectiveness of the soil. This procedure improves the health of the soil and helps to preserve the soil. The technique of biological treatment, sometimes referred to as bioremediation, uses microorganisms to degrade organic contaminants in the soil, including gasoline or oils. The suitability of bioremediation is dependent on the contaminants, site conditions, and goal levels. The rising demand for high-quality food grains brought on by the growing population is anticipated to fuel expansion in the worldwide soil treatment market over the course of the Projection period. Over the next six years, it is projected that advantages related to soil treatment, such as enhanced nutrient, physical, and biological content of soil, will favourably impact market growth. Additionally, soil treatment solutions enhance soil properties for plant growth by restoring microbial activity, increasing moisture retention, and decreasing compaction, which is anticipated to drive the market in the near term. Future soil and water remediation technologies are expected to increase market penetration in nations like Israel, the United Arab Emirates, and Saudi Arabia by enhancing the aeration and fertility of dry land.
Sample Request: - Global Soil Treatment Market
Market Dynamics:
Drivers:
The market for soil treatment is expanding as a result of declining per capita arable land and rising food demand. Only 12% of the world's land surface is used for crop production, and there is little room for further agricultural land expansion, according to the FAO's resource Projection to 2050. As a result, there is pressure to use soil treatment chemicals to increase food production on the current arable land. The parliamentary standing committee on agriculture's 29th report stated that by 2025, the current rate of agricultural expansion will not be able to feed the entire world's population.
Restraints:
It is anticipated that a low adoption rate of soil remediation techniques due to farmers' lack of understanding in emerging nations will impede market expansion. Once again, it is anticipated that strict restrictions and advancing biotechnology will impede market growth for soil treatment.
Opportunities:
It is anticipated that the use of cutting-edge farming methods will present profitable growth prospects for major firms. Additionally, food shortages have been caused by the expanding population. As a result, it is anticipated that the demand for premium food grains would rise in the near future. The market for soil remediation is also being propelled by the rising demand for organic agricultural products. Key players' introduction of new products as a result of ongoing innovation is anticipated to create lucrative business prospects. For instance, in March 2019, The Bayer Crop Science will introduce Divine Agri and Divine Integrate, two soil-wetting agents that enhance nonwetting soils' ability to store water and to absorb it.
Challenges:
It is anticipated that the emergence of biotech seeds and obstacles related to technical expertise will limit market expansion. In the coming years, the soil treatment industry is expected to face challenges from the development of biotechnology and strict regulations.
Segmentation Analysis:
The global soil treatment market has been segmented based on technology, type, and region.
By Technology
The technology segment is a biological treatment, physiochemical treatment, and thermal treatment. The physiochemical treatment segment led the largest share of the soil treatment market with a market share of around 55% in 2022. Because there is a significant demand for this procedure, which includes extractive techniques like stripping, flotation and classification, and chemical detoxification, it removes or destroys all toxins from soil. The market for physiochemical soil treatment in the world was worth USD 21,651.1 million in 2019 and is projected to grow to USD 32,039.0 million by 2025, registering a CAGR of 6.8% over the Projection period.
By Type
The type segment is pH adjusters, organic amendments, and soil protection. The organic amendments segment led the largest share of the soil treatment market with a market share of around 48.6% in 2022. Instead of only addressing the issue of the soil's insufficient water-holding capacity, organic amendments are utilized to enhance the physical, chemical, and biological properties of the soil. Increased nutrient and water content as well as cation exchange and nutrient and water retention capacity are all benefits of organic matter in the soil. It improves the soil's texture and pH while also giving bacteria sustenance. The organic sector is anticipated to have a sizable market revenue share because of these advantages.
Global Soil Treatment Market - Sales Analysis.
The sale of the soil treatment market expanded at a CAGR of 6% from 2016 to 2022.
Numerous human activities, such as the improper use, storage, or disposal of hazardous materials, can pollute soil. This may occur as a result of improper sewage, industrial waste, and agricultural chemical disposal. In addition, soil contamination can reduce the soil's ability to retain moisture, nutrients, and aeration. Because they enable the use of contaminated soil for many reasons, including agriculture, soil remediation systems are in greater demand globally. Users can manage the placement and pace of inoculant application, shield inoculants from the harmful effects of pesticides and fungicides, and prevent damage to seed coats by using soil treatment solutions.
Global population growth and rapid urbanisation have led to a reduction in arable land and an increase in food shortages. This is one of the primary factors positively affecting the sales of soil treatment solutions globally, together with the rising demand for high-quality food grains. Additionally, the global demand for organic food is being driven by an increase in health consciousness among people as a result of the increased incidence of chronic diseases. In turn, this is accelerating market expansion. By bringing the pH of the soil back into balance, reviving the microbial community, and improving moisture retention, soil treatment solutions enhance its nutrient, physical, and biological composition. Leading businesses also make significant investments in research and development (R&D) operations to improve upon current solutions and provide sustainable strategies for expanding market penetration.
Thus, owing to the aforementioned factors, the global soil treatment market is expected to grow at a CAGR of 6.4% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the soil treatment market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North America region dominated the soil treatment market and held a 38.1% share of the market revenue in 2022.
Global Soil Treatment Market - Country Analysis:
Germany's soil treatment market size was valued at USD 3.07 billion in 2022 and is expected to reach USD 5.08 billion by 2030, at a CAGR of 6.5% from 2023 to 2030.
They are using tactics to increase their current market share, such as mergers and acquisitions (M&A). The market is expected to rise as a result of the booming bio-agrochemical industry and ongoing government backing from various nations to increase crop productivity.
China’s soil treatment market size was valued at USD 3.19 billion in 2022 and is expected to reach USD 5.39 billion by 2030, at a CAGR of 6.8% from 2023 to 2030.
A few elements anticipated to propel market expansion for soil treatment include changing farming methods, rising population, and rising food demand. Products for treating soil are becoming more and more well-liked in nations with limited arable land. By using these items, soil moisture retention is improved, compaction is decreased, and microbial activity is restored.
India's soil treatment market size was valued at USD 2.45 billion in 2022 and is expected to reach USD 4.11 billion by 2030, at a CAGR of 6.7% from 2023 to 2030.
Compared to its output of 253 million metric tonnes in 2015, India needs to produce 300 million metric tonnes of grains. Due to excessive use of chemical fertilisers and pesticides, soil fertility has decreased, which is a major contributor to the shortage. Farmers have been encouraged as a result to utilise soil treatment chemicals to improve soil effectiveness.
Key Industry Players Analysis:
To increase their market position in the global soil treatment market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
6.4% |
Market Size |
67.18 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Technology, By Type, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Monsanto Company, Solvay, AMVAC Chemical Corporation, BASF SE ADAMA India Private Limited, SA Lime & Gypsum, SWAROOP AGROCHEMICAL INDUSTRIES, Soil Technologies Corp, Kanseho Soil Treatment SRl/BV, Agro Phos India Limited, and Corteva. |
By Technology |
|
By Type |
|
Regional scope |
|
Scope of the Report
Global Soil Treatment Market By Technology:
Global Soil Treatment Market By Type :
Global Soil Treatment Market By Region:
Global soil treatment market is expected to reach USD 67.18 billion by 2030.
The soil treatment market is projected to have a CAGR of 6.4%.
The market for soil treatment is expanding as a result of declining per capita arable land and rising food demand. Only 12% of the world's land surface is used for crop production, and there is little room for further agricultural land expansion, according to the FAO's resource Projection to 2050. As a result, there is pressure to use soil treatment chemicals to increase food production on the current arable land. The parliamentary standing committee on agriculture's 29th report stated that by 2025, the current rate of agricultural expansion will not be able to feed the entire world's population.
Leading market players active in the global soil treatment market are Monsanto Company, Solvay, AMVAC Chemical Corporation, BASF SE ADAMA India Private Limited, Bayer, SA Lime & Gypsum, SWAROOP AGROCHEMICAL INDUSTRIES, Soil Technologies Corp, Rallis India Limited, OHP, Kanseho Soil Treatment SRl/BV, Agro Phos India Limited, Element Solutions, Sardar Bio Chem, UPL, and Corteva, among others.
Political Factors- Markets like the soil treatment business can expand easily thanks to benevolent tax regulations. Government subsidies and favourable tax rates will also enable the soil treatment sector to maintain its competitiveness by lowering operational costs. Additionally, customers will benefit from appealing and competitive prices because corporate costs won't be passed along to them. Favorable tax rules that encourage company growth and development will enable markets like the soil treatment market to grow, which will also help to provide economic value for the country.
Economic Factors- If the interest rate is reasonable, businesses like the soil treatment industry will have an easier time getting bank loans. This financing is intended to help the firm grow and thrive. The expansion and development of the infrastructure for the sector would also greatly benefit from business loans. Personal loans with reasonable interest rates may be available to borrowers. Consumer expenditure and consumption will rise as a result of personal loans when interest rates are low to moderate. For businesses like the soil treatment market, this would enhance consumer spending, sales, and market share.
Social Factors- The general populace is embracing wellness and health trends. The health and wellness movement has an impact on consumption preferences and behaviours. Consumer research and behavioural assessments indicate that the soil treatment market has enhanced its goods with health-related characteristics and incorporated health-related elements into its marketing. As a result of the growing health consciousness, the soil treatment market has collaborated and undertaken CSR projects that focus on not only physical health and well-being but also mental and emotional well-being.
Technological Factors- The nation's technology R&D receives significant levels of investment from both domestic and foreign sources. The significant investment helps industries advance by giving them access to contemporary, adaptable, and effective ways of conducting business and carrying out other business activities. The increased investment and associated research have also made it possible for innovation to occur at a higher rate. Businesses benefit from innovation and development when the industrial sector as a whole expands and when the industry gains a competitive edge on the global market. Businesses can create significant competitive advantages by adapting to certain market niches, such as the soil treatment industry.
Environmental Factors- All of the country's industries are gradually making the switch to renewable energy for operations and commercial endeavours. This is being done to reduce the market's environmental impact as well as the carbon effect. The soil treatment market and related sector participants are increasingly using solar energy and hydroplanes for operation management and business activities. The soil treatment industry runs a tiny, privately owned hydro plant to assist with manufacturing processes.
Legal Factors- The market and the country's population are both varied. There are a lot of immigrants, and businesses from the country also operate in a lot of other nations. Because of this, the soil treatment market has always embraced workplace diversity and developed internal policies that support it. From hiring to promoting, the company complies with anti-discrimination legislation in every aspect of its operations. Every employee regularly takes part in diversity trainings and workshops to understand how to steer clear of discriminatory and biassed actions that could have negative repercussions. The soil treatment market, like its rivals, is an equal-opportunity employer.
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