Global Soil Treatment Market - Market Shares, Forecasts and Trends (2018 - 2023)
The global soil treatment market was estimated to value over USD 29.7 billion in 2017. The market is expected to register a CAGR of 8.6% during the forecast period (2018 - 2023). Asia-Pacific is a fast developing region over the forecast period, due to the developing horticultural industry and the expanding food demand. The market for soil treatment is dominated by North America and Europe, however, the development rate would be high in developing countries. Also, the demand would be more in countries like China and India, and the natural changes and soil insurance are likely to gain popularity.
Ensured Safety in Food is driving the Market
Food safety and sustainable agricultural practices are essentially important for developing countries, in the context of evolving trade practices. The presence of pesticide residues, use of hormones, heavy metals, additives, and different antibiotics, to enhance the growth of crops artificially has led to a rising concern among the consumers for food safety.
With widespread health hazards and their expensive treatments, safe and sustainable agricultural practices are the need of the hour. Water and soil contaminated with harmful microorganisms, like E.coli and Psuedomonas, dangerous fungal aflatoxins, and neurotoxins enter the food chain and cause serious damage to the health. Every country has set its own regulations and legislation which are followed keeping in mind the agricultural and environmental safety.
North America and Europe Dominate the Market
The market is dominated by developed nations, like the United States, Canada, and Mexico. More than one-fourth of the global market share is covered by the North America region alone. The majority of soil treatment market demand in the region is by the US, due to its highly evolved and advanced agricultural industry.
The market is dominated by developed regions of Europe, like the United Kingdom, Germany, and France. Countries like Spain and Italy are expected to grow effectively as they embrace the application of soil treatment products in their fields.
Major Players: BASF SE, CAMSON BIO TECHNOLOGIES LTD, MAKHTESHIM AGAN GROUP, MONSANTO COMPANY, SYNGENTA, CERTIS USA LLC, AND ARYSTA LIFESCIENCE CORPORATION, among others.
Reasons to Purchase the Report
To have an understanding of the fastest growing regions in the global soil treatment market and their growth trends during the forecast period
The report outlines drives, restraints, and trends that are currently affecting the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The report covers in-detail insights about the competitors’ overview and their company share analysis
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
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