Land Restoration Market Will Grow At Highest Pace Owing To Increasing Focus On Restoring Degraded Land

cmikiran

posted on 9 months ago — updated on 2 seconds ago

79
views

Land Restoration Market Will Grow At Highest Pace Owing To Increasing Focus On Restoring Degraded Land

In terms of geography, North America and Europe dominated the global land restoration market in value terms as of 2024 due to stringent environmental policies and high spending power of consumers. However, Asia Pacific is projected to become the fastest growing regional market during the forecast period

The land restoration market involves services and products related to rehabilitating degraded and contaminated land and restoring its ecological functions. Degraded land management and restoration activities help increase agricultural productivity, conserve biodiversity, and build climate resilience. Services offered include soil amendments, assisted natural regeneration, restoration of wetlands and grasslands. Key products used are geotextiles, biostimulants, and biodegradable plastics which help support plant growth, prevent soil erosion, and restore natural ecosystems.

The Global Land Restoration Market is estimated to be valued at US$ 2.59 Mn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the land restoration market are Zyex Ltd., Solvay S.A., Victrex plc, Panjin Zhongrun High Performance Polymers Co. Ltd., Caledonian Industries Ltd., Quadrant EPP Surlon India Ltd., Evonik Industries AG, and Jrlon Inc. The companies provide restoration services and materials required for revegetation and rehabilitation of degraded lands.

The growing demand for land restoration is driven by escalating concerns regarding soil health, biodiversity loss, and increased occurrence of natural disasters. Restoration activities help combat land degradation and desertification while creating carbon sinks. Government initiatives and afforestation programs in various countries also contribute to market growth.

Technological advancements have led to the development of bio-stimulants, bio-based polymers and advanced geotextiles that aid plant establishment and soil structuring. Sensor-based monitoring and remote sensing technologies help track restoration progress and outcomes. Use of drones and aerial imagery ensures efficient project planning and management.

Market Trends
Sustainable land management practices that integrate traditional ecological knowledge are gaining traction. Indigenous restoration methods that use native plant species are effective in restoring degraded areas and preserving biodiversity.

Blockchain technology is being leveraged to create verifiable restoration outcomes and enable carbon credit generation and trading. This provides an incentive for private investments in landscape restoration projects.

Market Opportunities
Increased private sector participation through nature-based solutions and ecosystem service markets can further drive the land restoration industry. Carbon farming and payments for ecosystem services (PES) programs offer viable revenue streams.

Emphasis on programs that generate livelihoods and eco-tourism can make land restoration economically beneficial for local communities. This ensures long-term management and protection of restored lands.

Impact of COVID-19 on Land Restoration Market
The COVID-19 pandemic had significant impacts on the land restoration market growth. Lockdowns and restrictions disrupted supply chains, making it challenging for vendors to source raw materials. There was reduced economic activity as many organizations slowed down operations or even shut down. This led to reduced demand for land restoration services in 2020. However, governments focused on restoring degraded lands to enhance food security and promote sustainable land management. They ramped up restoration projects involving reforestation and irrigation works to generate employment during the pandemic.
As restrictions eased in 2021-2022, the market saw steady recovery. Demand increased as economic growth resumed and organizations prioritized sustainability goals like combating climate change and protecting biodiversity. Vendors adopted strategies like diversifying supplier networks and stockpiling key materials to mitigate future supply disruptions. Going forward, the market is expected to grow at a healthy pace driven by rising consumer awareness, regulatory push for land protection, and efforts to offset carbon emissions through large-scale green cover drives.

In terms of geography, North America and Europe dominated the global land restoration market in value terms as of 2024 due to stringent environmental policies and high spending power of consumers. However, Asia Pacific is projected to become the fastest growing regional market during the forecast period of 2024-2030 driven by factors like rapid urbanization, industrialization and economic development in populous nations like China and India. Governments in these countries are undertaking massive land reclamation and reforestation programs to curb pollution, minimize ecological damage and enhance rural livelihoods.