LONDON--(BUSINESS WIRE)--The global soil treatment market is expected to post a CAGR of almost 9% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Rapid urbanization in developing countries such as India, China, Brazil, Malaysia, and Mexico has led to the growth of new industries and the adoption of the latest technologies. This has increased the demand for a wide range of raw materials for industrial applications. In addition, the growing global population has significantly increased the pressure on industries such as agriculture and paper and pulp. This has increased the need for the adoption of effective soil treatment methods to improve the quality of the soil. Moreover, the increased use of biopesticides and herbicides in the agricultural industry has further necessitated the demand for soil treatment methods, thereby fueling the growth of the market.
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As per Technavio, the introduction of biopesticides will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Soil Treatment Market: Introduction of Biopesticides
Factors such as the rising demand for quality food, eco-friendly nature of biopesticides, and growing consumer awareness about health are increasing the demand for biopesticides. These pesticides are derived from natural sources such as bacteria, plants, fungi, and certain minerals and have minimal or no harmful effects on the environment. The active ingredients in biopesticides are specific to the targeted pests. For example, fungi that are used to control weeds are different from the fungi that kill insects. Many such benefits offered by biopesticides are increasing their popularity among end-users. This is expected to have a positive impact on the growth of the global soil treatment market during the forecast period.
“The rising demand for herbicides for weed control and the implementation of integrated pest management (IPM) will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Soil Treatment Market: Segmentation Analysis
This market report segments the global soil treatment market by product (soil protection, organic amendments, and pH adjuster), and geography (the Americas, APAC, and EMEA).
The Americas region led the market in 2018, followed by APAC and EMEA respectively. During the forecast period, the Americas is expected to maintain its dominance over the market. This is due to the high market penetration by prominent companies and the growing need to prevent crop loss caused by pest attacks and natural changes.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
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