Global Soil Treatment Market Worth $28.9 billion by 2017

Date:10-10-2013

According to the report, Global Soil Treatment Market, shows that the global soil treatment market revenue is estimated to reach $28.9 billion by 2017 with a CAGR of 8.5% from 2012 to 2017.

Soil treatment products are used to correct the physical, biological, and nutritional profile of the soil. These products improve soil conditions for plant growth by balancing pH, adding organic matter, restoring soil microbial activity, increasing moisture retention, and reducing compaction.

The global soil treatment market consists of three major types of soil treatment products such as organic amendments, soil protection products, and pH adjusters. Soil protection segment covers pest and weed control soil treatment products and holds the largest market share in global soil treatment products market. Organic amendments are added to improve the fertility and quality of soil. Animal dung, crop residue, sewage sludge, and compost are sub-segments in organic amendments soil treatment products market.

Crop residue is the largest and fastest growing sub-segment of organic amendments. Aglime and Gypsum together account for over 93% of global pH adjusters market. Gypsum is used as a remediating agent for treating soils affected by sodium while aglime is used to raise the pH of acidic soil and to reduce the concentration of aluminum. Asia-Pacific accounts for the largest share in global pH adjusters market. Europe is the fastest growing market for aglime pH adjusters and it is projected to reach $269.4 million by 2017.

Growing global population and shrinking arable land with increased soil degradation are expected to be key drivers for soil treatment market. Growing environmental concerns and emergence of organic farming are expected to drive growth for soil treatments using organic amendments in the near future. Companies in this market are working together, either to develop new product or strengthen their market position in new geographies. Increasing acceptance to herbicide tolerant seeds is one of the restraining factors for weed control soil treatment products market.

The leading players of this industry such as Syngenta AG (Switzerland), Arysta LifeScience (Japan), Novozymes A/S (Denmark), Solvay S.A. (Belgium), BASF (Germany), Monsanto Company (U.S.), Arkema S.A. (France), Kanesho Soil Treatment (Belgium), AgraQuest Inc. (U.S.), and AMVAC Chemical Corporation (U.S.).