Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 26.02 Billion | USD 40.86 Billion | 5.14% | 2023 |
According to Zion Market Research, the global Soil Treatment Market was worth USD 26.02 Billion in 2023. The market is forecast to reach USD 40.86 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.14% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Soil Treatment Market industry over the next decade.
Soil treatment may be a major fraction of the present farming system. Increasing command for food from increasing population alongside constantly depleting arable land has posed the need for soil treatment market everywhere on the planet. This factor is probably going to impel the worldwide soil treatment market within the years to return. The agriculture industry is seeing an unparalleled boom in recent years due to huge turnover with sensible investment. Hence, the high requirement for plowable and fertile land is probably going to power the event of soil treatment market within the years to return. On the opposite hand, the shortage of responsiveness amongst the underdeveloped nations might act as a limiting factor for the soil treatment market.
CoVid-19 is moving across the world, having now been declared officially a pandemic by the WHO, creating a ripple effect through the global markets. The same logistical issues are now being felt in other regions where the virus is escalating, such as Asia, Europe, and the Americas. The emergence of confirmed cases in India is of major concern for many industries and fertilizers plants in India are already starting to shut down. All over, borders are closing, vessels are being quarantined and the movement of people and products is being steadily constrained- including fertilizers and their raw materials. As such further disruption is anticipated in the fertilizer industry which will further negatively impact the soil treatment market across the globe over the coming weeks and months.
The global soil treatment market is expected to drive growth over the forecast period due to rising high-quality food grains demand owing to the increasing population. Benefits associated with soil treatment such as improved nutrient, physical and biological content of soil are anticipated to positively impact market growth over the next years. The launch of ground-breaking soil treatment techniques for improving the lushness of infertile land might provide an abundant outbreak for the soil treatment market. For instance, in August 2018, Biffa declared its investment of £500,000 into a new and huge soil treatment plant at its landfill site in Merthyr Tydfil. The company claimed that this will assist lower the amount of impure soil disposed of in a landfill, thereby boosting the soil treatment market. The Soil Treatment market is primarily driven by expanding food requirements worldwide.
The study provides a decisive view of the soil treatment market by segmenting the market based on technology, type, and region.
Technologies like thermal, biological, and physicochemical.
Based on type, the soil treatment market has been segmented into organic amendments, pH adjusters, and soil protection.
Report Attributes | Report Details |
---|---|
Report Name | Soil Treatment Market |
Market Size in 2023 | USD 26.02 Billion |
Market Forecast in 2032 | USD 40.86 Billion |
Growth Rate | CAGR of 5.14% |
Number of Pages | 150 |
Key Companies Covered | Solvay S.A., Syngenta AG, Arkema S.A., Platform Specialty Products, Monsanto Company, BASF SE, American Vanguard Corporation, ADAMA Agricultural Solutions Ltd., Novozymes A/S, Kanesho Soil Treatment, Agrofill S.R.L. and Chemtura Corporation among others |
Segments Covered | By Technology, By Type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The soil treatment market was ruled by Europe and North America with major market share in 2023. The soil treatment market is further likely to take care of its speed owing to upcoming techs. Europe and North America are continually inventing new soil remediation methods to affect the drawbacks posed owing to increasing urbanization and industrialization on the soil. Asia Pacific is enormously developing at the quickest pace within the soil treatment market. Acceptance of technological enactments in China and India to beat increasing food demand is probably going to accentuate the event of the soil treatment market during this area.
Key players profiled in the report include:
By Technology
By Type
By Region
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