Global Soil Treatment Market - 2021-2028

Global Soil Treatment Market - 2021-2028

Market Overview

Soil treatment is the process employed for improving the biological and physical content of the soil which is degrading due to growing rate of industrialization. The pollution caused by industries in the form of chemicals, particulate matter among others are mixing in the soil contents. To treat contaminated soil and convert it to viable agricultural soil, soil treatment can be utilized. It also aids in improving the soil's performance and fertility. This treatment aids in the conservation of soil and the improvement of soil health. Biological treatment, also known as bioremediation, is a process that uses microorganisms to break down organic pollutants in the soil, such as gasoline or oils. Bioremediation's appropriateness is determined by the pollutants, site circumstances, and target levels. The contaminants, site conditions, and goal levels all influence the suitability of bioremediation. The microbial technology for remediating polluted soil has proven effective and trustworthy due to its eco-friendly features, and the segment is predicted to grow in the coming years. The global soil treatment market valued USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).

Market Dynamics: Increasing awareness among small farmers

Hybrid plants offer a very high agricultural production for only one generation. Thus fresh hybrid seeds must be produced and used every year in today's technologically advanced environment, where automation is vital in every industry. However, using a natural approach such as seeds, the efficiency of such plants might be handed down intact. Many researchers conducted various studies in order to gain new possibilities for both seed producers and small farms in the developing world, and they eventually concluded that soil remediation is the ideal way. Hybrid plants are critical in today's agriculture for adequate production of food, feed, fuel, and fiber. In order to solve this problem, a simple soil remediation procedure can be used.

Additionally, declining arable land per capita and increasing food demand are driving the expansion of the market. The global population is rapidly expanding. According to the United Nations, by 2050, the global population will have risen by 49% from its current level to 9 billion people. The demand for food is expected to double in the coming years as the world's population grows. Providing food for this expanding population has become a challenge. On the other hand, the area of arable land in major agricultural countries is shrinking as a result of industrialization and urbanization. Only 12% of the worldwide land surface is used for crop production, according to the FAO's resource projection to 2050, and there is little room for additional expansion of agricultural land. As a result, existing arable land is under pressure to produce more food by applying soil treatment chemicals. According to the FAO, industrialized countries in regions such as North America, Europe, and South Asia lost 54 million acres of arable land in 2011. According to the study's forecasts, the area of arable land will continue to shrink slowly, reaching 608 and 586 million ha in 2030 and 2050, respectively. Adequate and balanced application of soil treatment chemicals may aid in feeding the rising population while maximizing the amount of cultivable land available.

Market Segmentation: Soil protection segment is anticipated to dominate the market

In terms of value, the global soil treatment market is likely to be dominated by the soil protection sector. In regions where there is a significant demand for arable land, soil treatment solutions are often employed. Organic amendments, on the other hand, held a significant market revenue share in 2020. Organic soil amendments are used to improve the physical, chemical, and biological qualities of the soil, rather than just to solve the problem of limited water-holding capacity. Organic matter in soil boosts water and nutrient content, as well as water and nutrient retention capacity and cation exchange capacity. It enhances the texture and pH of the soil while also providing food for microorganisms. Due to these benefits, the organic segment is projected to have significant market revenue share.

Geographical Penetration: North America is expected to dominate the global soil treatment market

Soil treatment products, such as soil protection and organic amendments, are widely employed in this region; one of the primary drivers driving the soil treatment market in this region is changing farming techniques. North America is expected to hold a market revenue share of XX% in 2020. The country's growing awareness of the negative effects of soil contamination and its attempts to maintain the soil clean is fueling the expansion of the soil treatment industry. Soil loss due to erosion and flooding has become one of the most important environmental and agricultural issues in North American countries such as Cuba. Half of the country's 8 million acres of agricultural land is subjected to erosion in some form or another. As a result, there is a growing need to protect these places, and these countries' governments are progressively investing in soil protection.

Competitive Landscape:

The global soil treatment market is fragmented. The global soil treatment market is competitive and comprises numerous regional and international competitors. Players are also extensively focusing on providing consumers with innovative offerings while including functional benefits in their products. Furthermore, while engaging the consumers with innovation and expansion strategies, key players capitalize on the market revenue. Leading global corporations have been substantially spending in R&D for product development, which will likely provide enormous prospects for industry participants over the next six years. Companies have created sustainable methodologies and merged water and soil treatment technologies to improve market penetration. Major competitors are using techniques including mergers and acquisitions and joint ventures to acquire market share. Agrofill S.R.L., BASF SE, Arkema S.A., Certis USA LLC, and Chemtura Corporation are among the major players in the global soil treatment industry. BASF is concentrating its efforts on building a strong R&D pipeline and a diverse range of products, including seeds and traits, chemical and biological crop protection, soil management, plant health, pest control, and digital farming. BASF's new Divine Agri and Divine Integrate solutions will assist in maximizing the productivity of the land.

COVID-19 Impact: Negative impact on the soil treatment market

The COVID-19 pandemic has disrupted the global economy and halted the key processes of almost all companies. Therefore, even the global soil treatment market suffered due to it. The disturbances in supply chain management and transportation of goods and services had a negative impact on the growth of the market. Many manufacturing units were disrupted due to the government-enforced lockdowns and curfews across the world which led to losses and wastage of many soil treatment products. The pandemic also significantly changed consumer demand and behavior. Consumers refrained from purchasing non-essential products amid the pandemic. The uncertain and unexpected situation caused by the pandemic significantly impacted the market hence, slowing its growth. However, the post-pandemic scene has improved and the soil treatment market has recovered. The market is set to grow at a high rate.

Why Purchase the Report?
Understand the current market scenario and viability of global soil treatment market over the forecast period
Visualize the composition of the global soil treatment market in terms of type, application and technology to identify major players, growth potential, and market strategies
Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global soil treatment market – Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global soil treatment Market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

Target Audience:
Agrochemical Companies
Farming Communities
Industry Investors
Education & Research Institutes
Research Professionals