Description

The soil treatment market was valued at USD 39.6 billion in 2021 and it is estimated to grow at a CAGR of 6.4% during the forecast period 2021-2027. Soil treatment is the process carried to improve the physical and biological content of soil which is degrading due to soil pollution. Soil pollution may also occur due to usage of agricultural chemicals, industrial activity, and improper disposal of wastage. Pollution of soil may leads to infertile soil and decrease in the quality and yield of the crops. Soil treatment is carried to overcome the difficulties caused due to the pollution and makes the soil fertile by balancing pH, increasing the moisture intention, and inducing the microbial growth. Various techniques are carried for soil treatment such as biological, chemical, and thermal are used individually or in combination. Soil treatment is necessary to improve the quality and yield of agriculture products. Bioremediation’s appropriateness is determined by the pollutants, site circumstances, and goal levels. Because of its eco-friendly properties, the microbial technique for remediating polluted soil has proven successful and reliable, and the segment is expected to increase in the coming years. Government initiation for improving the crop production is expected to drive the treatment market. Moreover, competitors focusing on the development of novel soil treatment procedures with bioproducts. For instance, in March 2017, Insecticides India launched Kayakalp, a biological product transform the soil health to improve the productivity and plant health. In addition, acquisitions & mergers and product approvals are the strategies followed by the company for increasing the revenue of soil treatment market. For instance, in October 2013, Isagro S.p.A. received the U.S. Environmental protection agency approval for Dominus, used as a biopesticide and pre-plant soil treatment.

 

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