PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338944
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338944
The global soil treatment market size is expected to reach USD 72.15 billion by 2032, according to a new study by Polaris Market Research. The report "Soil Treatment Market Share, Size, Trends, Industry Analysis Report, By Type (Organic Amendments, pH adjusters, Soil Protection); By Technology; By End User; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Soil-transmitted helminths (STHs) are parasitic worms that live in the soil and infect humans when they meet contaminated soil. These worms can cause a variety of health problems, including malnutrition, anemia, and impaired cognitive development, particularly in children. To combat the spread of STHs, soil treatment is becoming increasingly important. Soil treatment involves using chemicals or other methods to remove or kill harmful microorganisms, parasites, and pests from soil. This can be done in a variety of ways, including using pesticides, fumigation, or soil sterilization.
According to the World Health Organization, an estimated 1.5 Bn individuals, or nearly, 24% of the global population, are primarily infected with the STHs diseases, making it one of the most widespread infections in the world. As the prevalence of STHs continues to be a major global health concern, there is a growing demand for effective soil treatment solutions. This has led to increased investment in research and development of new soil treatment technologies, which has in turn contributed to the growth of the soil treatment market.
The management of contaminated land in Europe has become a growing concern in recent years due to the increasing awareness of the environmental and health risks associated with contaminated soil. As a result, the demand for soil treatment solutions has been on the rise, fueling the growth of the soil treatment market in Europe. In Europe, it is estimated that managing contaminated soil costs EUR 6.5 billion annually. There is a significant public cost as well as payments made in large part by businesses. Europe may include up to 2.5 million sites that need to be looked at for possible contamination.
One-fourth of these, or 340 000 sites, are predicted to be polluted and need treatment. The soil treatment market in Europe has seen significant growth in recent years, driven by increasing demand from both the public and private sectors. Governments and municipalities are investing heavily in soil treatment solutions to clean up contaminated land and protect public health, while private companies are also turning to soil treatment as a way to manage their environmental impact and comply with regulations.
Organic Amendments segment is anticipated to grow at a fast rate owing to increased demand from both consumers and agricultural professionals.
Biological treatment accounts for the higher growth rate owing to environment friendly, cost-effectiveness and its versatility.
Agriculture segment is projected to experience a significant growth rate due to the growing demand for food and the adoption of sustainable agriculture practices.
APAC registered the highest growth rate in the forecast period owing to increasing urbanization and growing contaminants in soil.
North America is expected to grow at a significant growth rate owing to the large agriculture industry and growing concern for soil health and sustainability.
The global players include: AMVAC Chemical, Arkema, BASF, Bayer, Compagnie de Saint-Gobain, Corteva, Novozymes, Solvay, Swaroop Agrochemical Industries, Syngenta, Tata Chemicals & UPL.
Polaris Market Research has segmented the soil treatment market report based on type, technology, end user and region: