SOIL TREATMENT MARKET ANALYSIS

Soil Treatment Market Size and Trends

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.

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Factors such as increasing concerns regarding soil health and reduction of arable land are expected to drive demand for soil treatment products and solutions during the forecast period. The rising need to improve soil fertility and productivity is expected to boost the demand for soil treatment products. Additionally, the growing adoption of precision farming and protected agriculture is also anticipated to support the market's growth. Furthermore, various government initiatives focused on sustainable soil management practices are further expected to propel the soil treatment industry expansion.

Increasing global population

As the global population continues to grow at a steady rate, the demand for food and crop production is also increasing substantially every year. According to the UN's estimates, the total human population is expected to reach around 8.5 billion people by 2030 and nearly 10 billion by 2050. To meet the rapidly rising food demand of this growing population, farmers around the world would need to increase agricultural yields substantially. However, intensive farming practices over several years have deteriorated the quality of soils and depleted essential nutrients in many agricultural lands globally. As a result, crop yields are declining steadily despite using improved seed varieties and advanced farming equipment. This is posing a major threat to global food security.

To tackle soil nutrition depletion and declining crop yields, farmers are increasingly turning to soil treatment practices. They are adopting various soil amendment techniques to restore essential nutrients, regain lost organic matter, improve soil structure, manage pests and diseases, and enhance the overall fertility and productivity of farmlands. Popular soil treatment methods include applying compost, manure, lime and other organic fertilizers. Some farmers also use biofertilizers containing nitrogen-fixing bacteria, phosphorus solubilizing microorganisms, and other beneficial microbes. As intense pressure grows on limited agricultural lands to produce more food, demand for soil treatment products and services is expected to rise substantially. Leading players in the soil treatment market are developing innovative formulations tailored for different soil and crop types. They are also offering customized advisory services and monitoring programs for optimal soil management. This driver indicates huge growth opportunities for soil treatment providers globally in the coming years.

Increasing environmental concerns

Mounting environmental concerns related to intensive farming is another key factor propelling the soil treatment market. Excessive and injudicious use of chemical fertilizers and pesticides over time has severely degraded soil health and contaminated water resources in many regions. This is due to nutrient run-off causing eutrophication of lakes and groundwater pollution. Moreover, large-scale monocropping practices have depleted beneficial microbes in agricultural soils making them lifeless and prone to diseases. Persistent use of synthetic agrochemicals is also detrimental to other forms of life in the vicinity of farmlands. With the growing public awareness about these deleterious environmental impacts, regulatory scrutiny on agrichemical usage is increasing worldwide.