What Is The Definition Of The Global Soil Treatment Market?
Soil treatment refers to various processes or methods applied to soil to improve its properties, restore health, or mitigate contamination. The primary objectives of soil treatment are to enhance soil structure, fertility, and water retention and to remove or neutralize pollutants, making the soil more suitable for agricultural, construction, or environmental purposes.
Soil Treatment Global Market Report 2024 provides data on the global soil treatment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The soil treatment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global Soil Treatment Market Size And Annual Growth Rates?
The soil treatment market has witnessed strong growth, rising from $37.95 billion in 2023 to $40.34 billion in 2024, with a CAGR of 6.3%. The market growth is driven by the increasing global population, demand for food production, environmental concerns, soil nutrient management, and the rise of organic farming. Projections indicate the market will grow to $51.78 billion by 2028, with a CAGR of 6.4%. Factors driving this growth include modern farming practices, the rise of soil-borne pests, stricter regulations on fertilizers and pesticides, and contamination from industrial activities. Key trends to watch are innovations in crop protection, advanced farming equipment, and sustainable soil treatments.
Which Key Drivers Are Propelling The Soil Treatment Market's Growth?
The expansion of the agricultural sector is expected to boost the soil treatment market's growth. Agriculture, which includes crop cultivation, livestock raising, and food production, is expanding due to changing dietary preferences, environmental awareness, and increased investments in agricultural research and infrastructure. Soil treatment improves soil health and boosts crop productivity by adding organic matter, fertilizers, and soil conditioners, enhancing nutrient availability and water retention. For instance, the UK Department for Environment, Food & Rural Affairs reported in February 2024 that the average farm business income rose significantly to $78,133 in 2021/22 from $50,461 in 2020/21, with total farming income increasing by 17% to $6.61 billion in 2022. This growth in agriculture is driving the soil treatment market.
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What Are The Key Segments Within The Global Soil Treatment Market?
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
How Are New Trends Impacting The Size Of The Template Soil Treatment Market?
In the soil treatment market, advanced technologies such as soil health mapping services are being developed to optimize crop production. These services provide detailed soil analyses to improve management practices. In September 2022, Syngenta Group launched INTERRA Scan, offering high-resolution soil health data, enabling targeted fertilizer applications based on precise soil conditions.
Which Region Drives The Highest Growth In The Soil Treatment Market?
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.
