Soil Monitoring Market Size

Soil Monitoring Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

Soil Monitoring Market is expected to reach USD 398.88 billion by 2023, which is expected to reach USD 1008.99 billion by 2032. This represents a CAGR of 10.68% from 2024 to 2032, indicating a steady growth in demand for soil monitoring solutions. The increasing need for sustainable agriculture practices, coupled with the growing world population and the consequent rise in food production, is driving the market growth. Besides, technological advancements such as IoT, artificial intelligence, and big data in soil monitoring systems are expected to enhance the accuracy and efficiency of soil management, thereby driving the market growth. Meanwhile, the major players such as Ag Leader, Toro, and Trimble are focusing on strategic acquisitions and mergers to strengthen their market position and enhance their technological capabilities. These efforts not only reflect the growing competition in the market but also highlight the importance of technological innovation in meeting the changing needs of the agriculture sector.

Regional Market Size

Regional Deep Dive

The soil monitoring market is experiencing significant growth in different regions, mainly driven by the increasing demand for agricultural productivity, rising concerns about the environment and technological advancements. In North America, the market is characterized by a strong emphasis on precision agriculture and the adoption of IoT-based soil monitoring solutions. In Europe, a growing number of regulations are being introduced to ensure sustainable agriculture, while in Asia-Pacific smart farming is gaining traction to increase crop yields. Middle East and Africa (MEA) are mainly concerned with water conservation and soil health due to arid conditions. And Latin America is taking advantage of the growing agriculture sector to implement advanced soil monitoring solutions.

North America

• The United States Department of Agriculture (USDA) has launched a precision farming program, which uses soil sensors to optimize the use of resources and increase crop yields.
• Agricultural leaders like Trimble and Ag Leader are developing new tools such as advanced sensors and data platforms to enhance farmers' decision-making capabilities.
• North America, where sustainable farming practices are on the increase, is pushing for the use of soil-testing equipment to help reduce the use of chemicals and to improve the soil.

Europe

• The European Union's Common Agricultural Policy (CAP) is promoting sustainable farming methods, which in turn is leading to a greater investment in soil monitoring.
• In the development of Yara and SoilOptix, precision farming is the main goal, and this is based on the accuracy of soil data.
• The new regulations on agricultural emissions of CO2 are encouraging farmers to adopt soil monitoring systems which are capable of detecting and improving the carbon sequestration in their fields.

Asia-Pacific

• In countries such as India and China, smart farming is an important part of the government's policy to promote food security. The government has supported the development of soil monitoring technology.
• In the last two years, companies such as AgroStar and CropIn Technology have developed mobile applications that enable farmers to make more accurate decisions.
• The region's diverse climatic conditions and soils make it necessary to adopt a soil-monitoring method tailored to local agricultural conditions.

MEA

• The National Food Security Strategy of the United Arab Emirates aims to develop and improve the use of water resources in the arid areas of the country through the use of soil-monitoring techniques.
• The International Centre for Agricultural Research in the Dry Areas (ICARDA) is conducting research on the relationship between soil health and food security in the region.
• The increasing emphasis on sustainable agriculture in the Middle East and Africa is leading to an increased interest by governments and technology companies in developing appropriate soil monitoring solutions to address local problems.

Latin America

• Brazil’s agriculture is adopting the precision farming method, and companies like Solinftec are offering a wide range of solutions to increase crop productivity.
• In the name of agricultural improvement, government programs encourage the use of soil analysis to optimize fertilizer use and reduce the environment's impact.
• The diverse agricultural landscape of the region requires the development of tailored soil monitoring solutions, which can be used for different crops and farming practices.

Did You Know?

“The soil-monitoring technology is able to increase the yield of the crop by as much as thirty per cent by enabling the farmer to have precise information about the state of the soil and its nutrients.” — International Society of Precision Agriculture

Segmental Market Size

The Soil Management Market is growing significantly, owing to the growing need for sustainable agricultural practices and resource management. The soil management segment plays a vital role in increasing crop yields and reducing the impact on the environment, thus making it a necessity for modern farming practices. This is a result of the rising demand for precision agriculture and the increasing number of government initiatives, such as the European Commission’s Green Deal, which aims to promote sustainable farming practices by improving soil health.

The soil-monitoring systems are currently at the stage of the field test, with the companies of the United States and Europe, such as Trimble and Ag Leader Technology, leading the way. They have the advantages of real-time soil health monitoring, fertilizer and water-saving management, which can help increase agricultural yields. In addition, with the development of IoT and remote sensing, the trend of sustainable development is also a driving force for the development of this industry. In the future, the soil analysis will be combined with artificial intelligence and deep learning, and the precision and accuracy will be further improved, which will benefit the farmers.

Future Outlook

The Soil-Monitoring Market is expected to grow at a CAGR of 10.68% from 2023 to 2032, based on a forecast period from 2023 to 2032. This growth is driven by the increasing adoption of precision agriculture practices, which are expected to optimize crop yields and resource management. The penetration of soil monitoring solutions is expected to increase significantly, with the adoption rate of soil monitoring solutions in large-scale farms reaching over 60% by 2032.

The soil monitoring is expected to be revolutionized by the integration of IoT devices, remote sensing, and data analysis. These new developments will enable real-time data collection and analysis, enabling more accurate decision-making about irrigation, fertilization, and pest control. Government support for the development of sustainable agricultural practices and conservation of the environment is expected to accelerate the market. The growing focus on organic farming and the need for climate-resilient agricultural practices will also drive the demand for advanced soil monitoring solutions.