South America soil treatment market is estimated to register a CAGR of 4.9% during the forecast period. Increasing soil pests, soil-borne diseases, and depletion of soil nutrients are the prime drivers of the market. In South American countries like Brazil and Argentina, soil contamination with heavy metals and nematodes is very frequently noticed. Soil treatment is used in those countries to prevent or cure soil contamination. The
in South America is fragmented with many players in the market.
Key Market Trends
Physio Chemical Treatment Technology dominates the Market
Physiochemical methods include all remedial methods that remove contaminants from soil or destroy contaminants in soil including extractive methods like floatation and classification, stripping, and chemical detoxification. physiochemical treatment of soil holds a larger share of the market, it is estimated to grow but at a slower rate as it is an expensive process and proves to be destructive to the ecosystem.
Brazil Dominates the Market
Brazil holds the major part of soil treatment market share in South America. The conventional method of cultivating crops has led to a high application rate of macronutrient fertilizers which is a major source of soil contamination in Brazil. Apart from fertilizers the industrial wastes and city wastes also caused considerable damage to the soil. Field evaluations in Brazil revealed a number of pests in the soil resulting in yield losses. All these soil contaminations resulted in the increased application of soil treatment.
The South America soil treatment market is fragmented with many players in the market. UPL Ltd, Novozymes Ltd, Terral, Visafertil are some of the key players in the region. Acquisitions, mergers, partnerships are their key strategies along with innovative product launches to increase their market share.
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