Syngenta AG, Solvay S.A., Platform Specialty Products, Arkema S.A., BASF SE, Monsanto Company, ADAMA Agricultural Solutions Ltd., American Vanguard Corporation, Kanesho Soil Treatment, Novozymes A/S, Chemtura Corporation, and Agrofill S.R.L. among others are some of the major players active in global soil treatment market. These players are claimed to set the soil treatment market to new heights.
As per analyst at Zion Market Research, global soil treatment market was capitalized at more than USD 26.06 Billion in 2016. The soil treatment market is likely to reach more than USD 42.03 Billion in 2022 and is likely to develop at a CAGR of slightly more than 8.31% from 2016 to 2022.
Wing Command For Food From Increasing Population Along With Constantly Depleting Arable Land To Augment Demand For Soil Treatment Market
Soil treatment is a major fraction of the current farming system. As per analysts at Zion Market Research, growing command for food from increasing population along with constantly depleting arable land has posed the requirement for soil treatment market all over the world. This factor is likely to impel the global soil treatment market in the years to come. The agriculture industry is seeing the unparalleled boom in recent years due to huge turnover with sensible investment. Hence, high requirement for plowable and fertile land is likely to power the development of soil treatment market in the years to come. On the other hand, shortage of responsiveness amongst the underdeveloped nations might act as limiting factor for the soil treatment market.
Nevertheless, the launch of ground-breaking soil treatment techniques for improving lushness of infertile land might provide the abundant outbreak for the soil treatment market. For instance, in August 2018, Biffa declared its investment of £500,000 into a new and huge soil treatment plant at its landfill site in Merthyr Tydfil. The company claimed that this will assist lower the amount of impure soil disposed in landfill, thereby boosting the soil treatment market.
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Europe And North America Continually Inventing New Soil Remediation Methods To Rule The Global Soil Treatment Market In The Years To Come
The soil treatment market was ruled by Europe and North America with major market share in 2015. The soil treatment market is further likely to maintain its speed due to upcoming techs. Europe and North America are continually inventing new soil remediation methods to deal with the drawbacks posed due to increasing urbanization and industrialization on the soil. Asia Pacific is enormously developing at the quickest pace in the soil treatment market. Acceptance of technological enactments in China and India to overcome increasing food demand is likely to intensify the development of the soil treatment market in this area.