The soil monitoring market is estimated to be worth USD 551 million in 2022 and is projected to reach USD 1,088 million by 2027, at a CAGR of 14.6%. Efforts of governments and companies to promote sustainable agriculture practices, the pressing need to preserve soil quality, stringent government regulations pertaining to ecological stability, and the growing need for improving farm productivity to feed the rising population are some of the driving factors for the soil monitoring market.
The soil monitoring market is a rapidly growing industry that focuses on the use of technology and data to assess and manage the quality and health of soil. Soil monitoring is essential for various applications, including agriculture, environmental conservation, construction, and land management. The market has been expanding due to the increasing awareness of the importance of soil health and sustainability.
Key factors driving the growth of the soil monitoring market include:
- Agricultural Applications: Soil monitoring is crucial for precision agriculture, as it helps farmers optimize their crop yields, reduce resource wastage, and improve the overall quality of their produce. It enables the monitoring of soil moisture, nutrient levels, and pH, among other parameters, to make data-driven decisions.
- Environmental Conservation: Soil monitoring is essential for environmental conservation efforts, such as assessing soil erosion, contamination, and the health of ecosystems. It aids in preventing soil degradation and ensuring sustainable land use.
- Technological Advancements: Advances in sensor technology, data analytics, and remote sensing have made soil monitoring more accessible and cost-effective. These technologies enable real-time data collection and analysis.
- Government Initiatives: Various governments and environmental agencies have implemented policies and programs that promote soil monitoring and conservation. This has led to increased adoption of soil monitoring solutions.
- Growing Awareness: Farmers, landowners, and other stakeholders are becoming more aware of the importance of soil health and its impact on food production and the environment. This increased awareness is driving demand for soil monitoring solutions.
- Climate Change Mitigation: Soil monitoring is crucial for understanding the role of soil in carbon sequestration, which is vital for mitigating climate change. Monitoring soil carbon levels is important for carbon offset programs.
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The soil monitoring market includes various technologies and solutions, such as soil sensors, soil testing kits, data management software, and remote sensing technologies. Companies in this market offer a range of products and services to cater to the diverse needs of agricultural, environmental, and industrial sectors.
Non-agricultural application to grow at the highest rate between 2022 and 2027
The non-agriculture application is on an upward growth trajectory owing to the adoption of various portable devices and soil scanners for soil monitoring purposes, especially for weather forecasting and flood and drought management. Sports turf management, landscaping, and ground care are some of the prominent applications in the soil monitoring market, which could see high growth in the coming years.
Americas to hold the largest share of the soil monitoring market during the forecast period
The Americas is expected to hold the largest share of the soil monitoring market during 2022–2027. The deployment of ground-based monitoring systems as well as the increasing popularity of sensing and imagery systems is quite high in the US and Canada, due to which the region holds a large market share. South American countries such as Brazil and Argentina have large-sized farms in abundance, where the government reforms to develop digital and sustainable agriculture reap significant returns. The adoption of telematics and robotics in the Americas is growing substantially and is laying down the growth path for the development of the soil monitoring market.
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Prominent firms featured:
Stevens Water Monitoring Systems (US), SGS Group (Switzerland), METER Group (US), Element Materials Technology (UK), The Toro Company (US), Campbell Scientific (US), Sentek Technologies (Australia), Spectrum Technologies (US), Irrometer (US), and CropX Technologies (Israel).
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