by Land restoration involves recovering degraded, damaged or destroyed land through sustainable land management practices. It protects against soil erosion, enhances biodiversity and improves overall land productivity. Increasing instances of climate change impacts such as droughts and flooding are putting undue pressure on land resources. Sustainable land management practices adopted during restoration projects help build long-term resilience of ecosystems. These include soil conservation techniques, reforestation, controlled grazing and replanting of native plant species.
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 key trends:
Strategies such as conservation agriculture, integrated soil fertility management and agroforestry enhance soil health. They improve nutrient cycling, water retention and prevent land degradation. Farmers are increasingly recognizing the economic benefits of eco-friendly land use. Globally, many governments are promoting sustainable cultivation techniques and offering subsidies. For example, the European Union’s Common Agricultural Policy encourages adoption of green farming practices. Multi-national corporations are also supporting regenerative agriculture projects to ensure long-term availability of natural resources for their operations.
Segment Analysis
The global land restoration market is dominated by the forest restoration segment. Being a land cover type with the largest global coverage, forests constitute a major area requiring restoration interventions worldwide. Further, they play a crucial role in addressing climate change and biodiversity loss through carbon sequestration and habitat provision for wildlife. This makes forest restoration a high priority globally and attracts significant funding and efforts for restoration of degraded forest landscapes.
Key Takeaways
The Global Land Restoration Market Size is expected to witness high growth over the forecast period driven by increased government initiatives and investments to address environmental issues like habitat loss, climate change and land degradation. 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.
Regional analysis
North America accounts for the largest share in the global land restoration market currently. This can be attributed to substantial allocation of funds for restoration projects by government agencies and NGOs in the US. Asia Pacific is expected to emerge as the fastest growing regional market owing to large-scale afforestation and revegetation programs underway in China and India to increase forest cover.
Key players
Key players operating in the land restoration market are 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, Green Skills. Leading players are focusing on expanding their presence in developing markets through partnerships and collaborations to leverage growth opportunities.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
