Increasing demand for high quality food grains coupled with growing population are expected to be key factors driving the global soil treatment market over the forecast period. Soil treatment benefits such as improved biological & physical content in soil and enhanced nutrient are expected to further drive the global market over the forecast period. Ability of soil treatment products to improve soil conditions for plant growth by restoring microbial activity, balancing pH, increasing moisture retention and reducing compaction is anticipated to drive the market over the forecast period. Increasing herbicide tolerant seeds demand is anticipated to hinder market growth over the next seven years. Backwardness in agricultural technologies in various developing nations is expected to remain a challenge for the global market.
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North America dominated the global soil treatment market in 2014 and is expected to witness rapid growth over the next seven years on account of rising concerns regarding arable land. Europe is a major market for soil treatment with demand driven by high agricultural output, mechanized agricultural practices and large tracts of arable land. With European countries such as the Netherlands and France increasing their crop productivity to cater to various export markets, soil treatment market in the region is expected to grow considerably over the next seven years. Asia Pacific is poised to witness exponential growth over the next seven years on account of favorable government initiatives in countries such as India and China regarding crop yield improvisation. Developing agricultural technologies are expected to further complement soil treatment market growth in the region.
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On the basis of products, soil treatment market has been segmented into pest controllers, organic amendments, pH adjusters and weed controllers. Weed and pest control soil treatment dominated the product segment in 2014 and are expected to maintain their respective market shares over the forecast period. Crop residue had the largest market share in organic amendments and is anticipated to be the fastest growing segment over the next seven years.
Key players in global market are anticipated to create huge opportunities by investing heavily in R&D for product development over the next seven years. Leading companies in the global market are adopting strategies such as JVs and mergers & acquisitions to capture market share. Key players operating in global soil treatment market include Agraquest Inc., Amvac Chemical Corporation, Agrofill S.R.L., Arkema S.A., BASF SE, China Shenghua Group Agrochemical Company, Camson Bio Technologies Ltd, Certis USA Llc, and Chemtura Corporation.
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