United Kingdom Soil Treatment Market Size Booming to Cross USD 1.8 Billion by 2029
The United Kingdom soil treatment market is gaining traction because of the government initiatives to promote sustainable agriculture and reduce environmental pollution and the adoption of technological advancements in soil treatment processes and equipment.
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Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated the United Kingdom soil treatment market size at USD 1,056.81 million in 2022. During the forecast period between 2023 and 2029, the United Kingdom soil treatment market size is projected to grow at an impressive CAGR of 8.12% reaching a value of USD 1,806.99 million by 2029. Rapid urbanization and population expansion, which have reduced agricultural area and increased food shortages, are major growth drivers for the soil treatment market in the United Kingdom. Together with the increased demand for high-quality food grains, urbanization and population growth are the main factors favorably influencing the demand for soil treatment products.
United Kingdom Soil Treatment Market – Overview:
Soil treatment is the process of treatment and elimination of impurities to cleanse and revitalize the soil. Techniques for soil remediation improve the quality of the environment and make it safer for human, animal, and plant life. Hazardous pollutants, such as PCBs, volatile chemicals, radioactive materials, metals, organic compounds, and microorganisms are removed or contained by them. Hydrogen peroxide (H2O2), ozone (O3), potassium permanganate (KMnO4), and sodium persulphate (Na2S2O8) are the most often utilized compounds for soil treatment. These substances can be employed either alone or in combination with other catalyzing agents to boost their activity and performance.
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United Kingdom Soil Treatment Market – By Technology:
Based on technology, the United Kingdom soil treatment market is segmented into physicochemical, biological, thermal, and others. The biological soil treatment technology segment accounts for the highest share in the United Kingdom soil treatment market. Environmental scientists utilize specific bacteria during this procedure to absorb and degrade soil contaminants. Cleaner soil, healthier soil, and better air are all benefits of bioremediation. However, bioremediation is less invasive than excavation-based remediation techniques, which have the potential to be disruptive, and it can help with environmental impact cleanup without endangering fragile ecosystems.
Impact of COVID-19 on the United Kingdom Soil Treatment Market
In the UK, the COVID-19 pandemic led to an economic recession with a historically low GDP during the first lockdown in 2020. The market for soil remediation has been negatively impacted by COVID-19. The deployment of stringent lockdown measures significantly reduced the necessity for soil treatment. Due to a lack of workers and strong demand for vegetables, crop production declined, which further widened the supply-demand gap. There was a significant decline in the demand for organic compounds as well which affected the United Kingdom soil treatment market growth.
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Competitive Landscape:
Major players operating in the United Kingdom soil tTreatment market include: A.W. Jenkinson Forest Products, BASF SE, Clean Environments, Deep Soil Mixing Ltd, Golder Associates, Solutions Ltd, Terra Firma (Scotland) Ltd, Tarmac Trading Ltd, Thames Water Utilities Limited, and Veolia Environmental Services. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the United Kingdom Soil Treatment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the United Kingdom Soil Treatment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
What is the goal of the report?
- The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
- During the forecast period, the report analyzes the growth rate, market size, and market valuation.
- The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
- The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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