2013-01-22 11:38:02 - Global soil treatment market to increase at a CAGR of 8.5%
The global soil treatment market has been forecast to increase at a compound annual growth rate (CAGR) of 8.5% over the next five years, increasing from a value of $17,741.7 million in 2011, to hit a market value of $28,873.4 million by 2017.The key driving factor of the global soil treatment market is the shrinkage of agricultural land at an alarming rate, developed nations are widening their concern, while developing are on the verge to implement policies and regulations in support of soil treatment. Soil treatment is used to make toxic soil for the use of agriculture. If soil contains any chemicals or wastes like oil, alkali or some other non-degradable material, the toxic material can be degraded by using
microbes.The market is showing higher potential in eastern countries. Asia-Pacific is estimated to be the fastest growing region in terms of revenue and volume, while growth will be particularly high in emerging countries such as China, India, Brazil; and due to the rising food demand among the population, the need to enforce relevant policies for soil treatment has become mandatory.In terms of volume sales, the global soil treatment market was estimated to be 157,931.3 thousand metric tons in 2011 and is expected to reach 284,394.5 thousand metric tons by 2017, growing at the CAGR of 10.3% from 2012 to 2017.Leading companies within the industry focused on consenting agreements amongst competitors and non-competitors to take the advantage of geography, brand value, and facilities. As the potential of this market is unlimited, hence R&D is inventing and patenting new products in the market.Key players currently dominating the global soil treatment market include 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.).For more information on the global soil treatment market, see the latest research: Global Soil Treatment MarketFollow us on Twitter @CandMResearch
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