Coherent Market Insights

Soil Treatment Market to Surpass US$ 57329.7 Mn by 2030

Soil Treatment Market to Surpass US$ 57329.7 Mn by 2030 - Coherent Market Insights

Publish In: Dec 06, 2022

Soil treatment is necessary in order to prevent the harmful effects of soil contamination. Soil contamination is typically caused by industrial activity and improper disposal of waste. Agricultural chemicals can also contribute to soil pollution. In addition, improper disposal of wastes can deplete the soil's moisture holding capacity. During these processes, the soil's acid-base balance is disrupted. The main aim of soil treatment is to make contaminated soil usable and suitable for agricultural and industrial activities.

Market Statistics:

The Global Soil Treatment Market is estimated to account for US$ 41993.3 Mn in terms of value by the end of 2021.

Global Soil Treatment Market: Drivers

Growing demand for organic food products is projected to drive growth of the global soil treatment market. According to Research Institute of Organic Agriculture survey 2021 India holds a unique position among 187 countries practicing organic agriculture. India is home to 30% of total organic producers in the world having 2.30 million ha. Total organic cultivation area, 27, 59,660 total farmers (11, 60,650 PGS and 15, 99,010 India Organic), 1703 total processors and 745 traders.

Global Soil Treatment Market: Opportunities

Increasing investments in agricultural sector and the development of sustainable techniques is expected to provide lucrative opportunities to market participants. According to the India Brand Equity Foundation, from 2017 to 2020, India received ~US$ 1 billion in agritech funding. With significant interest from the investors, India ranks third in terms of agritech funding and number of agritech start-ups. By 2025, Indian agritech companies are likely to witness investments worth US$ 30-35 billion.

Global Soil Treatment Market: Restraints

Strong demand for the bio-tech seeds and lack of technical knowledge are key factors expected to hinder the soil treatment market growth.

Global Soil Treatment Market - Impact of Coronavirus (Covid-19) Pandemic:

The agricultural value chain was severely affected by the Covid-19 crisis. The industry has remained a central pillar of the economy as it serves the food consumption needs around the globe. The outbreak of the virus has adversely affected the supply chain and agriculture production. This condition has put restrictions on the export and import of food grains which has severely affected the soil treatment market.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/soil-treatment-market-5385

Key Takeaways:

The global soil treatment market was valued at US$ 41993.3 Mn in 2021 and is forecast to reach a value of US$ 57329.7 Mn by 2030 at a CAGR of 6.22% between 2022 and 2030.

Physiochemical Treatment segment held dominant position in the global soil treatment market in 2021, accounting for 56.94% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.

Global Soil Treatment Market Trends:

Rapid urbanization and industrialization are major key trend expected to fuel growth of the soil treatment market. According to the United Nation, in 2018, 55% of the world’s population lives in urban areas, a proportion that is expected to increase to 68% by 2050.

New product launch due to ongoing innovation in the soil treatment is again expected to be major trend for the global seed treatment market. For instance, in May 2022, Syngenta Crop Protection’s Seedcare business has launched Victrato, a novel seed treatment technology that combines nematode and disease control.

Global Soil Treatment Market: Competitive Landscape   

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

Global Soil Treatment Market: Recent Developments

In September 2017, The ADAMA LTD. (MAKHTESHIM AGAN GROUP) introduced, Alias 240 SC, in 2017 which can be used for both soil and seed treatments in various crops across different soil types.

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