April 17, 2024

Land Restoration Market Is Gaining Traction Through Eco-Friendly Practices

The global Land Restoration market is expected to witness robust growth on account of rising adoption of sustainable land management practices globally. Land Restoration involves restoring degraded, damaged or destroyed land to a state of productivity through eco-friendly techniques. This helps enhance biodiversity and minimizes soil erosion. The market comprises equipment and services for erosion control, tree planting, invasive species management, revegetation establishment and habitat restoration. Advances in drone technology and geospatial analytics have enabled precise land assessment and mapping. Further, adoption of bioengineering solutions that utilize natural vegetative components is gaining popularity over traditional infrastructure-based approaches.

The Global Land Restoration Market is estimated to be valued at US$ 2.59 Bn 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 growing demand for sustainable land management driven by afforestation goals, combating desertification and mitigating effects of climate change is fueling market growth. Several nations have ambitious tree planting targets to increase forest cover under initiatives like Bonn Challenge and AFR100.

Global organizations like the World Bank are also supporting projects focused on land rehabilitation particularly in Africa and South East Asia through partnerships and financing. This is enabling market expansion into new geographies.

Market key trends
One of the key trends gaining traction is the use of biopolymers and biocomposites in erosion control blankets, mulch stabilization mats and turf reinforcement mats. Biodegradable polymers derived from renewable plant-based sources reduce plastic waste and have comparable mechanical properties to conventional petroleum-derived polymers. Their growing adoption supports the circular bioeconomy vision of the land restoration industry.

Porter’s Analysis

Threat of new entrants: High initial investments and established value chains act as entry barriers for new entrants.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and standardized products.

Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of substitute materials and inputs.

Threat of new substitutes: threat of new substitutes is low as land restoration requires specialized products and services.

Competitive rivalry: Intense competition due to large number of small and large players.

Geographical Regions

North America accounts for the major share in the global land restoration market size in terms of value. This is attributed to high per capita incomes, established agricultural practices, and strict environmental regulations which necessitate restoration of degraded lands.

Asia Pacific is expected to be the fastest growing regional market during the forecast period. This is ascribed to large area under degraded lands in emerging economies like India and China and implementation of afforestation programs to meet the Paris Agreement goals. Governments in the region are also undertaking various remediation projects to restore mined areas.

Geographical Regions

Europe is the second largest regional market for land restoration in terms of value. European Union has implemented policies and schemes to restore degraded and contaminated lands. Countries like Germany, France and U.K. account for the major share due to high environmental consciousness.

Africa holds significant growth opportunities driven by restoration of agricultural lands and mining areas. Initiatives aimed at achieving land degradation neutrality and food security are driving demand. Middle East too is projected to grow at a moderate pace with restoration of oilfields and recreational areas.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it