Market Insights
The African soil treatment market is estimated to grow at a CAGR of 5.7% over the forecast period 2017-2022.
Soil treatment in modern day agriculture mainly denotes nutritional management that improves the fertility of the soil and amount of organic matter content that improves the soil structure and function. As a whole, soil treatment acts as a versatile solution for many field problems as it impacts the soil structure, nutritional profile, and biodiversity.
Market Dynamics
Increasing demand for food and evolving agricultural practices are the major drivers for the growth of soil treatment market. The high consumption of chemical products in the field and lower soil quality necessitates the need for soil treatment product applications. Less awareness amongst farmers and the primitive agricultural structure form barriers for the industry. Emerging markets and untapped countries of the African region may provide future growth opportunities.
Market Segmentation
On the basis of product types, soil treatment market is segmented into organic amendments, pH adjusters, and soil protection products (holding majority market share). Several technologies are employed for soil treatment depending on the requirements and soil topography viz., physiochemical, biochemical and thermal treatments; physiochemical treatment is the most sought after process.
The African soil treatment market is led by South Africa with an increasing government support for agricultural growth. Egypt would grow at a substantial pace.
Key Industry Players
Africa soil treatment market is dominated by many global players including:
- Monsanto
- BASF SE (Germany)
- Syngenta AG (Switzerland)
- Dupont
Majority of the global companies are trying to enter the regional market as the region holds future growth potential. Product innovation and development pertaining to regional needs is taken up as a long-term strategy for many market leaders.
Key Deliverables in the Study
- Market analysis for the African soil treatment market, with region specific assessments and competition analysis on national and regional scales.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a national and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their market shares.
- Identification and analysis of the macro and micro factors that affect the African soil treatment market on both national and regional scales.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
- Insights into the major countries/regions in which this industry is growing and identifying the regions still untapped.
