The soil treatment market is projected to grow at a CAGR of 8.5% from 2015, to reach a projected value of USD 36.29 Billion by 2020. The market growth is driven by rising concerns about food security and shrinking arable land. The market is further driven by factors such as changing farming practices and increasing demand for organic food.
Pune, India -- (SBWIRE) -- 02/05/2016 -- The report "Soil Treatment Market by Type (Soil protection, Organic amendments, pH adjusters), Technology (Physiochemical, Biological, and Thermal) & Region - Global Forecasts to 2020", The soil treatment market, estimated to be valued at USD 24.11 Billion in 2015, at USD 36.29 Billion by 2020, and projected to grow at a CAGR of 8.5% through 2020.
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Product types of pH adjusters such as aglime and gypsum have been in demand, owing to the increasing knowledge of farmers towards the need to correct pH levels of agricultural soil. Weed control products of glyphosate and atrazine base have also been in demand due to high yield requirements in food crops. Hence, soil treatment will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of soil treatment methods.
Soil protection products to dominate the soil treatment market
The market for soil protection products has been estimated to lead the soil treatment market in terms of value. Weed control, which is a sub segment of the soil protection market, is likely to dominate the market, and projected to grow at a comparatively higher CAGR than pest control products.
Soil protection products are likely to face stiff competition from organic amendments such as crop residue and sewage sludge as these segments have been rapidly growing, owing to environmental concerns regarding over usage of agrochemicals causing soil degradation. Gypsum-based pH adjusters may also pose a threat to this segment in the next five years.
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Weed control products: The most widely used soil treatment product used globally
Weed control sub-segment of soil protection products accounted for the largest share in the soil treatment market in terms of value. However, the sub segments of the organic amendments segment are projected to grow at comparatively higher CAGRs due to increasing demand from developing agrarian economies.
Increasing usage of agricultural inputs in developed and developing countries to boost the soil treatment market
Countries in the Asia-Pacific, Latin America, Eastern Europe, and the Middle East regions are prospering in terms of increasing contribution of agriculture towards GDP with the commercialization of agricultural products on the rise. The rising population levels have also created the need to ensure food security by promoting high yield production. Increasing per capita consumption of fruits and vegetables in this region is another driver for the soil treatment market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Syngenta AG (Switzerland), Monsanto Company (U.S.), BASF SE (Germany), Arkema S.A. (France), and Adama Agricultural Solutions Ltd. (Israel).
The report covers organic amendments such as crop residue and compost segments, soil protection types such as weed and pest control segments and pH adjuster types such as aglime and gypsum in terms of value and volume. In terms of insights, this research report has focused on various levels of analysis—industry analysis, market share analysis of top players, and company profiles, which collectively comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global soil treatment market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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