The global soil treatment market is expected to drive growth over the forecast period due to rising high-quality food grains demand owing to increasing population. Benefits associated with soil treatment such as improved nutrient, physical and biological content of soil are anticipated to positively impact market growth over the next six years. Additionally, soil treatment products improve soil conditions for plant growth by balancing pH, restore microbial activity, increases moisture retention, and reduce compaction which is projected to drive the market in the near future. Upcoming soil and water remediation technologies particularly focusing on improving aeration and fertility of barren lands is estimated to bolster the market penetration in countries such as Israel, UAE, and Saudi Arabia. Increasing demand for herbicide-tolerant seeds is anticipated to hinder market growth.
The global market is dominated by developed economies such as North America and Europe. The market in these regions is poised to witness significant growth over the next six years owing to rising concerns for arable land. Asia Pacific is projected to witness rapid growth rates over the forecast period on account of improving the agricultural industry coupled with favorable government initiatives such as ‘Make in India’. Soil treatment product demand is expected to witness significant growth in emerging economies such as India, China, and Indonesia over the forecast period owing to rapid growth in the agricultural sector. Soil treatment techniques are gaining popularity in countries particularly in Israel, Saudi Arabia, UAE, South Korea, and Australia on account of low arable land. Increasing demand for improved fertility and aeration in these regions is expected to fuel market growth over the next few years.
On the basis of products, the soil treatment market has been segmented into organic amendments, pest controllers, weed controllers, and pH adjusters. Weed and pest control soil treatment products had the largest market share in 2013 and are anticipated to remain the dominant segments over the next six years. Crop residue has been the largest and fastest-growing segment in organic amendments. Gypsum and Aglime were the major pH adjusters employed for soil treatment. Technological advancements coupled with increasing R&D for implementing low-cost soil treatment techniques in emerging economies is expected to propel market growth over the forecast period.
Leading companies in the global market have been investing heavily in R&D for product development which is expected to create huge opportunities for the market participants over the next six years. Companies have been developing sustainable techniques and integrating water and soil treatment procedures to increase market penetration. Major players are adopting strategies such as mergers & acquisitions and JVs to gain market share. Major companies operating in the global soil treatment market include Agrofill S.R.L., Agraquest Inc., Amvac Chemical Corporation, BASF SE, Arkema S.A., Camson Bio Technologies Ltd, Certis USA Llc, China Shenghua Group Agrochemical Company, Chemtura Corporation.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.
"The quality of research they have done for us has been excellent."
Demand across the organic chemicals sector shall register a slump in growth albeit increasing demand for certain chemicals that find end applications in healthcare and food. Furthermore, China, a major supplier of chemicals to the world, registered a considerable decline in manufacturing in the first quarter of 2020, following the trajectory unfolded by COVID-19's escalation to a pandemic. This has led to an imbalance in supply-demand dynamics, forcing manufacturers and customers alike to renegotiate supply agreements. The report will account for Covid19 as a key market contributor.