Soil Treatment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Soil Treatment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The soil treatment market was valued at USD 36.5 billion in 2018, and it is estimated to record a CAGR of 6.2% during the forecast period (2020-2025). Soil treatment can be used to treat the contaminated soil and convert it into usable agricultural soil. It helps enhance the performance and fertility of the soil. This treatment helps in soil conservation and helps improve soil health. Biological treatment or bioremediation is widely used to remediate soil off organic components, like fuel or oils, using bacteria to break down the substances in the soil. Although biological treatment is an economical option, it is time-consuming and takes as long as 1 to several months to be carried out. The suitability of bioremediation depends on the contaminants, site conditions, and target levels. The remediation of polluted soil using the microbial process has proven effective and reliable due to its eco-friendly features, and the segment is likely to grow further in the coming years.​

Key Market TrendsDecreasing Percapita Arable Land and Increasing Demand For Food

The global population is increasing at a rapid rate. According to the United Nations, the global population is likely to reach 9 billion by 2050, a 49% rise from the present value. With the increasing population levels, the demand for food is projected to double in the years to come. Supplying food to this growing population has become a threat. On the other hand, due to industrialization and urbanization, the area of arable land in major agricultural countries is declining.​ As per the resource outlook to 2050 released by the FAO, only 12% of the global land surface is used for crop production, and there is little scope for further expansion of the agricultural land. Hence, there is pressure on the existing arable land to produce more food by using soil treatment products.​ In 2011, the FAO reported a decline of 54 million ha of arable land in developed countries in regions, like North America, Europe, and South Asia. The projections of this study indicate a further slow decline in the area of arable land to 608 and 586 million ha in 2030 and 2050, respectively. Adequate and balanced use of soil treatment products may help in feeding the growing population using the available cultivable land.​

North America is Dominating the Market in Terms of Revenue

The North American soil treatment market is estimated to record a CAGR of 6.0%, globally, in terms of revenue, during the forecasted period. The North American soil treatment market includes the United States, Canada, and Mexico. Moreover, the United States may hold a major share of 30.1% during the forecast period. The country’s awareness about the rising impacts of soil contamination and its efforts to keep the soil clean is leading to the growth of the soil treatment market in the country. Soil loss through erosion and flooding has become one of the most serious problems affecting the environment and the agricultural industry in North American countries, like Cuba. Out of the 8 million ha of arable land in the country, half of the same suffers from erosion in one way or another. Hence, there is a rising need to protect such areas, and the governments of these countries are increasingly investing in soil protection.

Competitive Landscape

The market studied is highly fragmented, with other players holding a major share of 78.9% of the market. However, companies, such as Bayer Crop Science AG, UPL Limited, Corteva AgriScience, and BASF SE, are some of the players that are striving to strengthen their shares in the market. In the global soil treatment market, companies are focusing on strategic mergers and acquisitions and expansions, along with innovative product launches, as their key adopted strategies. The other prominent players that are active in the region include Adama Agricultural Solutions Ltd, Rallies India Ltd, and Saint Gobain. These players are strengthening their positions through mergers and acquisitions across the world.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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