Global Professional Potting Soil Market to Witness Rapid Growth by 2028

The global professional potting soil market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The growing practice of greenhouse plantation coupled with increasing demand of greenhouse plants is anticipated to drive the growth of the professional potting soil market. According to the data published by Statistics Canada in 2021, greenhouse sales rose from a 9.4% to a 12.3% increase in fruit and vegetable plant sales. Canadians spent 6.5% more on greenhouse flowers and plants in 2020, totaling $1.7 billion, over half of which was spent on potted plants. The number of potted plants sold increased from 1.9% to 214.6 million pots led by higher sales of hanging pots (65.5%), cyclamen (35.8%), and potted vegetable plants (22.5%) and rudbeckia (15.6%). The vegetable bedding plant sales rose from 15.9% to $172.9 million, while sales of ornamental bedding plants increased from 12.1% to $232.7 million. Also, the capacity to produce greenhouse fruits and vegetables has increased by 23.9% to 1,809 hectares in 2020. Thus, the growing demand of greenhouse plantations is anticipated to fuel the demand for the global professional potting soil market.

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The growing popularity of gardening is anticipated to drive the growth of the global professional potting soil market. According to the "Gardening Insights" marketing survey, gardeners spent 42.0% more time gardening in 2020. In addition, 71.7% of respondents aged 19 and 28 spent more time gardening in 2020, and the age group 29 to 39 reported a 75.8% increase. Moreover, 86.0% plant o garden the same amount or more in 2021, and another 10.0% are considering it. Thus, the growing popularity of gardening is anticipated to fuel the demand for the global professional potting soil market.

The presence of major players such as Fafard Inc and others coupled with their benchmarking products are anticipated to drive the growth of the global professional potting soil market. For instance, Pesches's Professional Potting and Planting Mix are formulated by Fafard Inc. Pesche's mix is based on a formula used by greenhouse growers. The Pesche's is a soil-less mix containing sphagnum peat moss, composted pine bark, and horticultural vermiculture. Thus, the pesche's professional potting and planting mix is formulated to provide plant roots with the ideal physical and chemical properties to support plant growth.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Fafard Inc., Good Earth Horticulture Inc., and Michigan Peat Co. among others

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Professional Potting Soil Market Report by Segment

By Type

Soil Without Fertilizer
Soil With Fertilizer

By Application

Indoor & Gardening
Greenhouse
Lawn & Landscaping
Others

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This release was published on openPR.