The soil treatment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Soil Treatment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The soil treatment market size has grown strongly in recent years. It will grow from $37.95 billion in 2023 to $40.34 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to the increasing global population, demand for food and crop production, increasing environmental concerns, increasing nutrient quantity of soil, and growing adoption of organic and sustainable farming.
The soil treatment market size is expected to see strong growth in the next few years. It will grow to $51.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to the growing trend toward adopting modern farming practices, increasing infestation of soil-borne pests, increasing the production of agriculture, increasing regulations regarding the use of chemical fertilizers and pesticides, and increasing in contaminated soil from construction and industrial activities. Major trends in the forecast period include advanced farming equipment, developing innovative formulations, crop protection technology, technological developments, and the development of innovative products.
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Scope Of Soil Treatment Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Soil Treatment Market Overview
Market Drivers –
The expansion of the agriculture sector is expected to propel the growth of the soil treatment market going forward. The agriculture sector encompasses all activities related to the cultivation of crops, raising livestock, and producing food, fiber, and other products from plants and animals. The expansion of the agriculture sector is due to shifts in dietary patterns, growing awareness of environmental issues, and increasing investment in agricultural research, development, and infrastructure. Soil treatment is used in agriculture to improve soil health and enhance crop productivity. It involves adding organic matter, fertilizers, and soil conditioners to boost nutrient availability, improve soil structure, and increase water retention. For instance, in February 2024, according to the Department for Environment, Food & Rural Affairs reports, a UK-based government agency, the average farm business income (FBI) across all UK farms increased significantly from $50,461 (£46,500) in 2020/21 to $78,133 (£72,000) in 2021/22. Further, the UK total income from farming (TIFF) in 2022 was $6.61 billion (£7.9 billion), an increase of 17% from 2021 with $1.43 billion (£1.1 billion). Therefore, increasing the production of agriculture drives the soil treatment market.
Market Trends –
Major companies operating in the soil treatment market are focused on developing advanced technologies, such as soil health mapping services, to provide precise data on soil conditions, enabling farmers to optimize crop production and improve soil management practices. Soil health mapping services are advanced technology that provides the detailed analysis and visualization of soil properties used for treatment. For instance, in September 2022, Syngenta Group B.V., a Switzerland-based agriculture technology company, launched INTERRA Scan, a soil health mapping service designed to enhance soil treatment and management for growers. This service provides high-resolution soil mapping that analyzes up to 27 layers of information regarding soil health, including essential properties like the potential of hydrogen (pH), soil texture, organic matter, carbon content, and cation exchange capacity. The service aims to enhance soil management practices by allowing for targeted applications of fertilizers and other inputs based on precise soil data.
The soil treatment market covered in this report is segmented –
1) By Type: Organic Amendments, Potential Of Hydrogen (pH) Adjusters, Soil Protection
2) By Technology: Biological Treatment, Thermal Treatment, Physiochemical Treatment
3) By Application: Agriculture, Forestry, Construction And Landscaping
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Regional Insights –
North America was the largest region in the soil treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the soil treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the soil treatment market are BASF SE, Compagnie de Saint-Gobain, Veolia Environnement S.A., Evonik Industries AG, Fortum Oyj , UPL Limited, Solvay S.A., Novozymes A/S, Rallis India Limited, Dowa Eco-System Co. Ltd., Triumvirate Environmental Inc., ESD Waste2Water Inc., Clean-Co Systems Inc., Agro Phos India Limited, Swaroop Agrochemical Industries Private Limited, Soil Technologies Corporation, Kanesho Soil Treatment SRL, CDE Group Ltd., Innovative Earth Solutions (IES) Inc., Soil Works LLC
Table of Contents
1. Executive Summary
2. Soil Treatment Market Report Structure
3. Soil Treatment Market Trends And Strategies
4. Soil Treatment Market – Macro Economic Scenario
5. Soil Treatment Market Size And Growth
…..
27. Soil Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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