Land restoration involves restoring degraded, damaged, or destroyed land to some degree of ecological functionality and value. It aims to reverse the effects of ecological problems like erosion, species loss, loss of biodiversity, desertification, and more. Land restoration techniques include forest and habitat restoration, reforestation, re-vegetation, invasive species control, and more. It helps prevent further land degradation and enhances ecosystems. The global land restoration market involves various services, equipment, technologies, and activities related to assessing land degradation and developing restoration plans and strategies. It helps restore lost ecological balance and supports sustaining livelihoods and ecosystem 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 key trends:
One of the key trends driving growth in the global land restoration market is the increasing focus on sustainability and biodiversity conservation efforts worldwide. There is a rising emphasis among governments, corporations, and communities on restoring damaged ecosystems and landscapes. Various policy initiatives and global environmental goals such as the United Nations Decade on Ecosystem Restoration aim to substantially increase restoration of degraded and deforested lands by 2030. Rising environmental awareness is also boosting restoration projects. Moreover, land restoration supports mitigating climate change by sequestering carbon from the atmosphere. It enhances ecological resilience against climate change impacts. These factors are strengthening investments in adopting various land restoration practices and technologies.
Porter's Analysis
Threat of New Entrants: The threat of new entrants into the land restoration market is relatively moderate as there is high initial capital investment for machinery required and the existing companies have already established brand names and goodwill.
Bargaining Power of Buyers: The bargaining power of buyers in the land restoration market is moderate as the services offered are differentiated and buyers cannot substitute one company's services with another easily.
Bargaining Power of Suppliers: The bargaining power of suppliers who provide resources and materials for land restoration is low as there are many suppliers in the market and switching between them is easy for companies.
Threat of New Substitutes: The threat of new substitutes for land restoration services is low as there are very few substitutes that can restore land from damage.
Competitive Rivalry: The competitive rivalry in the land restoration market is high as all companies offer similar services and compete on the basis of price, quality, reputation and relationships with buyers.
Key Takeaways
The Global Land Restoration Market Size is expected to witness high growth over the forecast period owing to increasing environmental awareness and expenditure on preserving natural habitats and ecosystems. 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.
North America dominates the global land restoration market currently due to stringent environmental protection laws and presence of major players in the region. However, Asia Pacific is expected to grow at the fastest pace during the forecast period with increasing instances of land degradation in countries like China and India.
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. Major players are focusing on adopting advanced technologies like drones for more efficient land surveys and developing innovative solutions to restore degraded land in shorter time frames.
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This process is usually used for damage caused by natural disasters.
Land restoration helps to enhance the ecosystem services, repair a damaged land, and create a safe habitat for humans, plants, and wildlife.
The advantages of this process includes improving the tree cover, reducing long-term maintenance costs, and protecting and restoring natural area & native biodiversity.
Increasing demand for repairing the eco-system by preventing and controlling pollution is one of the major factors driving the market growth:
Increasing demand to monitor and manage land use in urban areas is the major factor expected to boost global land restoration market growth.
For instance, according to the Pakistan Environment Protection Act of 1997, regulatory framework for climate change related mandates from responsible agencies such as the Ministry of Environment.
The process of ecologically restoring a site to a natural landscape and habitat that is safe for plants, wildlife, and humans is known as land restoration.
These changes impact the chemistry of the soil, water, air, and surrounding environment, altering the dynamics of local or regional ecosystems.These changes may cause a wide range of environmental problems.
Desertification is another issue with land degradation; it refers to the ongoing deterioration of dryland ecosystems caused by climate changes and human activity.Deserts form when grasslands and croplands become unfit for plant and animal life.
Desertification is most often caused by agricultural operations and the influence they have on the land as well as the environment.
Land restoration is necessary when there is a sudden or rapid decline in the local or regional ecosystems.
Land restoration initiatives may be extremely beneficial in situations including rivers and lakes, over-exploitation, water scarcity, and drought.
