PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532435
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532435
The global soil treatment market is estimated to be valued at USD 42.15 Bn in 2024 and is expected to reach USD 59.70 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 42.15 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 5.10% | 2031 Value Projection: | US$ 59.70 Bn |
The global soil treatment market has been witnessing steady growth over the past few years. Factors such as growing concerns regarding soil health, depletion of key nutrients in soil, and the needs for increased agricultural productivity have been driving the adoption of soil treatment products and services. Soil treatment involves various processes and techniques aimed at enhancing soil properties and restoring its fertility to support agricultural activities. Common soil treatment methods include liming to adjust soil pH levels, applying fertilizers to replenish essential nutrients, adding organic matter to improve water retention and aeration, and using soil conditioners and mulches for better soil texture and structure. The growing awareness about sustainable agricultural practices and the role of soil treatment in enabling higher crop yields in an environment-friendly manner has boosted the market growth globally.
The key drivers fueling the growth of the global soil treatment market include rising global food demand owing to continuously growing population, depletion of soil nutrients due to intensive cultivation practices, and implementation of stringent regulatory standards regarding soil contamination. However, high initial costs associated with soil treatment processes especially for smaller landholdings and lack of awareness in underdeveloped regions are some of the factors restricting the extensive adoption of soil treatment solutions. On the positive side, growing promotion by governments as well as industry players through initiatives and programs is helping farmers recognize the economic as well as environmental benefits of maintaining soil health, thereby creating new opportunities for soil treatment providers. Additionally, advancements in treatment technologies and availability of customized solutions tailored to specific soil and crop types are expected to further support the market expansion over the coming years.
Detailed Segmentation-