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Global Soil Treatment Market to Grow at a CAGR of 6.2% During 2021-2026, Aided by Government Measures to Treat Contaminated Soil

According to a new report by EMR titled, ‘Global Soil Treatment Market Report and Forecast 2021-2026’, the market attained a value of about USD 41.1 billion in 2020. The industry is further expected to grow at a CAGR of 6.2% in the forecast period of 2021-2026 to reach a value of nearly USD 57.2 billion by 2026.

North America holds a significant share of the market due to the rising adoption of the latest technologies in the region. Increasing government measures to spread awareness regarding the rising impact of soil contamination due to developmental projects and the subsequent need to restore arable lands for food cultivation is positively influencing the market growth in the region. In addition, because of natural disasters like floods in several countries of the region, the agricultural lands are facing soil erosion, thus propelling the market for soil treatment. Furthermore, with government investments in research and development (R&D) projects and the presence of leading companies in the region, the market for soil treatment is flourishing in the region. Apart from this, emerging economies in the Asia Pacific region with increasing demand for improved fertility and aeration is further aiding the industry growth. Additionally, owing to the dominance of the agriculture sector in countries like India, favourable government policies like ‘Make in India’ are generating growth opportunities for market players in the region, and hence invigorating the market growth.

One of the leading companies in the global market for soil treatment, BASF SE (ETR: BAS), launched two new solutions to make non-wetting soils more productive in February 2019. The Divine Agri and Divine Integrate soil wetting agents offer individually customised testing and treatment that help Australian farmers to produce higher yields in difficult situations. Non-wetting soils significantly limit the productivity of Australia’s farmlands, and hence the introduction of wetting solutions by BASF SE are anticipated to yield investments and hence propel the market growth. With the new solutions, farmers can send their non-wetting soil samples to a specialised soil and plant analysis laboratory where researchers can diagnose the type of non-wetting soil and provide the best solution for treatment.  Hence, such innovations in the market for soil treatment are expected to augment the overall market growth.

Market Analysis by Technology, Type, and Region:

  • On the basis of technology, the market can be divided into physiochemical treatment, biological treatment, and thermal treatment.
  • Based on type, the market is segmented into organic amendments, pH adjusters, and soil protection.
  • The major regional markets for soil treatment are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The decreasing availability of arable land for crop production owing to construction activities in the industrial and urban sectors is augmenting the market growth for soil treatment.
  • The market for soil treatment is being propelled by the rising population levels and the subsequently rising food demands.
  • The benefits associated with soil treatment technologies, such as restoring nutrients, balancing pH, and enhanced moisture retention for boosting crop yields, are positively influencing the industry growth.
  • The introduction of green technologies with research and development (R&D) activities funded by governments of developed nations are invigorating the market for soil treatment.

Key Offerings of the Report:

  • The EMR report gives an overview of the global soil treatment industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) markets for technologies, types, and major regions of soil treatment.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global soil treatment market are BASF SE, Syngenta Crop Protection AG, AMVAC Chemical Corporation, Novozymes A/S, Solvay SA, and Soil Works LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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