SOIL TREATMENT MARKET ANALYSIS

The global soil treatment market size was valued at USD 41993.3 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.22% from 2022 to 2030. Some of the factors that are expected to drive growth of the soil treatment market are increasing food demand, growing population and, changing farming practices. Soil treatment products are also gaining popularity in countries with low arable land. The use of these products increases soil moisture retention, reduces compaction and helps to restore microbial activity.

Global Soil Treatment Market: Regional Insights

Regionally, North America region is the largest market for soil treatment in terms of revenues. The US soil treatment market was valued at USD 3,890.1 million in 2019 and is estimated to reach USD 5,676.7 million by 2025, registering a CAGR of 7.7% in during the forecast period.

The Europe region is the second largest region for soil treatment in terms of revenues. The growth of the soil treatment market in the Europe region is expected to be lucrative in the coming years. The growth of the Asia Pacific soil treatment market is also expected to be the fastest in the coming years.

Figure 1. Global Soil Treatment Market Value Share (%), By Region, 2021

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Global Soil Treatment Market Drivers:

Decreasing per capita arable land and increasing demand for food are major factors propelling growth of the soil treatment market. As per the resource outlook to 2050 released by FAO, only 12% of the global land surface is used for crop production and there is little scope for the further expansion of the agricultural land. Hence there is pressure on the existing arable land to produce more food by using soil treatment products.

Lack of nutrient rich soil is again expected to foster the market growth. According to the 29th report published by the parliamentary standing committee on Agriculture, it was observed that the current agriculture growth rate will be unable to feed the world’s population by 2025. In India, the country needs to produce 300 million metric tons of grains against its output of 253 million metric tons in 2015. The deficit is largely driven by a decrease in soil fertility owing to over usage of chemical fertilizers and pesticides. This, in turn, has promoted farmers to use soil treatment products to increase soil efficacy.

Global Soil Treatment Market Opportunities:

Increasing adoption of advanced farming technique is projected to bring lucrative growth opportunities for key players. In addition, growing population has led to food shortages. Thus, the demand for high-quality food grains is expected to increase in the near future. The increasing demand for organic agricultural products is also driving the market for soil treatment.

Launch of new product by key players due to continuous innovation is expected to present profitable market opportunities. For instance, in March 2019, The Bayer crop science launches Divine Agri and Divine Integrate, a soil wetting agents which improves soil water penetration and water holding capabilities of nonwetting soils.

Global Soil Treatment Market Trends:

A large number of soil treatment companies are now focusing on sustainable growth over the long-term future. They are launching new products, increasing M&A and strengthening long-term contracts. All these factors are expected to act as key trend for the market growth.

Advancement in the chemical sector is another trend observed in the global market. Strong growth in bio-agrochemical market is also anticipated to positively shape the market growth over the forecast period.

Global Soil Treatment Market Restraints:

Low adoption rate of soil treatment technique due to lack of awareness among farmers across developing countries is expected to hinder the market growth.

Stringent regulations and evolving biotechnology are again expected to hamper growth in the soil treatment market.

Figure 2. Global Soil Treatment Market Value Share (%), By Technology, 2021

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Global Soil Treatment Market Segmentation:

The global soil treatment market report is segmented into technology, type, and geography

Based on technology, the market is segmented into Physiochemical Treatment, Biological Treatment, and Thermal Treatment. Out of which, Physiochemical Treatment is expected to dominate the global market over the forecast period and this is attributed to the high demand for this process as it remove or destroy all the contaminants from soil including extractive methods like stripping, floatation and classification, and chemical detoxification. The market for global market for physiochemical soil treatment was valued at USD 21,651.1 million in 2019 and is estimated to reach USD 32,039.0 million by 2025, registering a CAGR of 6.8% in during the forecast period.

Biological Treatment Segment is also expected to witness significant growth in the near future. The global market for biological soil treatment was valued at USD 11,597.4 million in 2019 and is estimated to reach USD 16,325.2 million by 2025, registering a CAGR of 5.5% in during the forecast period.

Based on type, the market is segmented into Organic Amendments, pH Adjusters, and Soil Protection. Out of which, Organic Amendments is expected to dominate the global market over the forecast period and this is attributed to the fact that the use of organic amendments such as manures and compost in agricultural production is witnessing popularity in the global market. The global market for organic amendments was valued at USD 77.3 million in 2019 and is estimated to reach USD 117.0 million by 2025, registering a CAGR of 7.7% in during the forecast period.           

pH Adjusters segment is also expected to witness significant growth in the near future. Right pH balance in soil is very important for healthy plant as it determines how efficiently the plant can absorbs nutrients.

Global Soil Treatment Market: Key Developments

In March 2019, The Bayer crop science AG launches Serenade Prime in its biological range in Australia. The product is a is a ready-to-use formulation of the highly active QST 713 strain of Bacillus subtilis for application to soil to improve bioavailability of soil resources for agricultural and horticultural crops.

In March 2019, The Bayer crop science launches Divine Agri and Divine Integrate, a soil wetting agents which improves soil water penetration and water holding capabilities of nonwetting soils.

Global Soil Treatment Market: Key Companies Insights

The global soil treatment market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global soil treatment market are BAYER crop science AG, American Vanguard Corporation, BASF SE, Novozymes A/S, Soil works LLC, DOWA ECO-SYSTEM Co.,Ltd.,ISAGRO spa, ADAMA Ltd. (Makhteshim, Agan Group), Southern Petrochemical Industries Corporation (SPIC) Limited, SA LIME AND GYPSUM, Soil Technologies Corp, SWAROOP AGROCHEMICAL INDUSTRIES, SAINT GOBAIN, Rallis India Limited, OHP, inc., Agro phos india limited, Terracottem Australasia Pty Ltd, Terramanus Technologies LLC, KANESHO SOIL TREATMENT SRL/BV, Platform specialty products, Sardar Bio Chem, International Rehabilitation and soil stabilization services, UPL Limited, and Corteva AgriScience

*Definition: Soil treatment products are used to improve the quality of soil and retain moisture. These products also help to restore microbial activity and improve the content of nutrients in the soil. Some of the widely used items include soil protection, pH adjusters, and organic soil amendments.