The global soil treatment market is projected to grow significantly during the forecast period. Soil is a unique part of the environment, which plays an important role in the growth of plants, the degradation, and the recycling of dead biomass. The global environment is under great stress due to urbanization and industrialization as well as population pressure on the limited natural resources. The problems are compounded by drastic changes that have been taking place in the lifestyle and habits of people. Contamination of soils is now being taken seriously and often is created by unsystematic anthropogenic activities, mainly by several types of industries. Researchers are always looking for cost-effective methods of dealing with this pollution.
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Halogenated Hydrophobic Organic Compounds (HHOCs) are common soil contaminants. Chlorinated benzenes, chlorinated phenols, and polychlorinated biphenyls (PCBs) are all sub-groups of HHOCs. These contaminants tend to reside preferentially in soil rather than water or air due to low aqueous solubility and relatively low vapor pressure. Therefore, effective methods are needed to clean up soils contaminated by these and other HHOCs. Thus, the increased demand to treat the soil is flourishing the market growth during the forecast period. However, factors such as lack of awareness of the advanced treatments especially in the underdeveloped markets are likely to hamper the overall growth of the market.
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Additionally, the advent of a biopesticide is projected to create ample opportunities for the soil treatment market growth; as the biopesticide has the least harmful effect on the environment, which upsurges its use in soil treatment and inspires several end-users to adopt it. Hence, it is likely to create a scope for market growth during the forecast period.
Segmental Outlook
The global soil treatment market is segmented on the basis of type and treatment. Based on the type, the market is segmented into soil protection, organic amendments, and pH adjusters. Based on the treatment, the market is segmented into physio chemical treatment, biological treatment, and thermal treatment.
pH Adjusters Holds the Significant Market Share
Amongst the type, pH adjusters are projected to hold a considerable share in the market, accrediting to the benefits possessed by it in the treatment of soil. Aglime and Gypsum are the commonly used pH adjusters for soil treatment. Further, the technological enhancements along with rising R&D activities regarding the implementation of cost-effective soil treatment methods in emerging economies is projected to flourish the segmental growth of the market during the forecast period.
Regional Outlook
The global soil treatment market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to hold a considerable share in the market. This is attributed to the increasing demand for sustainable agriculture coupled with cohesive government regulations on agrochemicals in the region. The rapid advent as well as the adoption of the latest techniques of the soil treatment is likely to fuel the market growth in the region. Further, Asia-Pacific is estimated to witness lucrative growth in the market during the forecast period, owing to the significant focus on improving productivity and rapid soil degradation coupled with a major shift towards sustainable farming in the region.
Market Players Outlook
Some of the prominent players operating in the global soil treatment market include ADAMA Ltd., Arkema S.A., BASF SE, Bayer CropScience AG, Corteva Inc., Solvay S.A., Syngenta SA, The Dow Chemical Co., and others. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global Soil Treatment market.
The Report Covers
Market value data analysis of 2019 and forecast to 2026.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global soil treatment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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