According to the report, global soil treatment market was valued at over USD 26.06 Billion in 2016, is expected to reach above USD 42.03 Billion in 2022 and is anticipated to grow at a CAGR of slightly above 8.31% between 2016 and 2022.
Deerfield Beach, FL -- (SBWIRE) -- 07/19/2017 -- Zion Market Research has published a new report titled "Soil Treatment Market (Organic amendments, pH adjusters, and Soil protection) by Technology (Thermal, Biological, and Physiochemical): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022". According to the report, global soil treatment market was valued at over USD 26.06 Billion in 2016, is expected to reach above USD 42.03 Billion in 2022 and is anticipated to grow at a CAGR of slightly above 8.31% between 2016 and 2022.
Soil pollution is the major concern of the recent times due to a sharp decrease in arable land. Many technologists are working in an association such as Illinois Soil Testing Association (ISTA) among others on treating the soil contamination. The root cause of soil pollution is the high use of chemical fertilizers, erroneously disposal of industrial waste and sewage. Soil treatment signifies nutritional management to increase the fertility of the soil and quantity of organic matter content.
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Soil treatment is the essential part of the recent farming system. Constantly depleting arable land along with growing command for food from increasing population has posed the need for soil treatment across the globe. This aspect is expected to impel the soil treatment market in the future. The agriculture sector is witnessing the unprecedented boom in recent times owing to huge turnover with reasonable investment; therefore, high demand for fertile and plowable land is expected to fuel the soil treatment market growth in the coming years. However, lack of responsiveness among the underdeveloped countries may act as constraining for the soil treatment market. Nonetheless, the introduction of innovative soil treatment methods for enhancing lushness of infertile land may offer the abundant prospect for the soil treatment market.
Soil treatment market can be broadly classified into types and technologies. Thermal, biological and physiological treatment is the technologies used for treating the soil contamination. Organic amendments, pH adjusters, and soil protection are the types of soil treatment among which organic amendments held the major chunk of the market in 2015. The organic amendment consists of sub-segment such as compost, crop residue, animal dung, and sewage sludge among others. Crop residue was majorly used in North America for dealing with soil pollution in 2015 and is considered an imperative technique for soil treatment. Soil protection comprises of pest and weed control to elucidate weeds and pest for retaining the fertile land. pH adjusters such as gypsum and aglime among others are gaining huge popularity among the developing economies which is expected to stimulate the huge usage of pH adjuster which in turn is likely to soil treatment market in the near future.
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The soil treatment market was curled by the North America and Europe with significant market share in 2015 and further expected to maintain its pace owing to forthcoming technologies. North America and Europe are constantly inventing new soil remediation techniques to overcome the drawbacks caused due to growing industrialization and urbanization on the soil. Asia Pacific is immensely growing at the fastest pace in the soil treatment market. Adoption of technological advancement in India and China to deal with growing food demand is anticipated to amplify the growth of the soil treatment market in this region. Agriculture is the foremost base of Brazil economy; therefore, usage of novel expertise to gain huge productivity along with high profit is expected to trigger the growth of soil treatment market in the forecast period.
Solvay S.A., Syngenta AG, Arkema S.A., Platform Specialty Products, Monsanto Company, BASF SE, American Vanguard Corporation, ADAMA Agricultural Solutions Ltd., Novozymes A/S, Kanesho Soil Treatment, Agrofill S.R.L. and Chemtura Corporation among others are some of the key manufacturers operating in soil treatment market.
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