Land restoration involves a wide range of activities aimed at regaining ecosystem functions and services on degraded lands through active human intervention such as soil treatment, erosion control measures, re-vegetation, removal of pollutants, and more. It is widely used in restoring mined lands, rehabilitating degraded forests and wetlands, reclaiming abandoned agricultural lands, urban green spaces, and more. With rapid urbanization, expansion of infrastructure and industries, land degradation has become a pressing issue globally leading to growing demand for land restoration services.
The global land restoration Market is estimated to be valued at US$ 2.24 Bn in 2023 and is expected to exhibit a CAGR of 9.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Growing urbanization is one of the key drivers propelling the growth of the land restoration market. Rapid urban population growth has led to rising demand for housing, industries, and infrastructure development activities which are major cause of land degradation through soil erosion, pollution, and depletion of resources. For instance, according to UN projections, about 68% of the world population is expected to live in urban areas by 2050. This rapid urban transition is augmenting the need for large-scale land rehabilitation and ecosystem restoration projects globally. Additionally, supportive government regulations and incentives promoting adoption of eco-restoration activities are also contributing to the market growth. For example, in the US, the Agricultural Act of 2018 provides funding for conservation programs that support soil health, water quality protection, and other land restoration projects.
SWOT Analysis
Strength: Land restoration works to reverse land degradation, minimize further environmental damage, and restore ecosystem services. It protects soil from erosion and re-establishes native plant species and wildlife habitats. Many governments and organizations strongly support land restoration initiatives through policies, programs, and funding.
Weakness: Land restoration projects often require a long time frame to show tangible results and outcomes. They can be costly endeavors that demand extensive planning, resources, labor, and ongoing maintenance. Monitoring restored lands long-term is also important but challenging.
Opportunity: There is substantial opportunity to restore large areas of degraded agricultural lands, mining sites, and other damaged ecosystems globally. Rising awareness of climate change and biodiversity loss is increasing demand for nature-based solutions like land restoration. New technologies in areas like ecosystem engineering and remote sensing can aid restoration efforts.
Threats: Competing land uses and development continues to threaten remaining natural areas worldwide. Future climate change impacts may undermine restoration progress or require adaptive measures. Changing weather patterns could hamper restoration work or survival of reintroduced species. Lack of political will or long-term funding commitments pose risks to restoration projects.
Key Takeaways
The Global Land Restoration Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by growing environmental concerns and supportive government initiatives and policies. The market size is projected to reach US$ 2.24 Bn by 2023.
Regional analysis comprises North America dominates currently with the US being the major contributor. However, Asia Pacific is expected to witness the fastest growth supported by large-scale restoration programs underway in China and India.
Key players related content comprises Key players operating in the land restoration market include EnviroScience, Jacobszoon Forestry, ENCAP, Polatin Ecological Services, Heartland Restoration Services, SWCA Environmental Consultants, Kimley-Horn, Apache Ecological Service, Ecological Restoration Inc., Integrated Environmental Restoration Services, Envite Environment, and Green Skills.
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