Press release
Global Premium Potting Soils Market Regional Growth Drivers, Opportunities, Trends And Forecast To 2033
Global Premium Potting Soils Market
The premium potting soils market size is expected to see steady growth in the next few years. It will grow to $1.98 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to continued focus on sustainability, tech integration in agriculture, growth in home improvement activities, health and wellness trends, rise of urban and indoor gardening. Major trends in the forecast period include product innovation, customization options, packaging innovation, collaborations and partnerships.
Market Overview -
Potting soil, commonly referred to as potting mix, is made up of many components that give potted plants a healthy environment. The purpose of these mixtures is to prevent the soil from becoming overly compacted, which can suffocate roots and obstruct the movement of water and nutrients. A premium potting soil is fluffier, lighter in weight, and able to retain moisture.
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Greenhouse Cultivation Fueling Expansion Of The Premium Potting Soil Market
Increasing greenhouse cultivation is expected to propel the growth of the premium potting soil market going forward. Greenhouse cultivation refers to a distinctive farming approach where crops are grown in protected areas that are covered in translucent or partially transparent materials. Premium potting soils are used more frequently in greenhouse culture because they comprise components that each serve a specific purpose in creating a growth medium for potted plants. For instance, in April 2022, according to Statistics Canada, the national statistical office of the Canadian government, sales of greenhouses rose by 8.3% over the previous year, reaching $3.8 billion in 2021. Therefore, increasing greenhouse cultivation is driving the growth of the premium potting soil market going forward.
Competitive Landscape -
Major companies operating in the premium potting soils market report are The Scotts Company LLC, CreekSide Soils, Sun Gro Horticulture Canada Ltd., ASB Greenworld Ltd, Klasmann-Deilmann GmbH, Michigan Peat Company, Vermicrop Organics LLC, Lambert Peat Moss Inc., FoxFarm Soil & Fertilizer Company, The Espoma Company, Rexius Forest By-Products Inc., W. Atlee Burpee & Co., Growers Soil, Blue Ribbon Organics LLC, Coast of Maine Organic Products Inc., Dr. Earth Inc., Earth Juice Inc., Whitney Farms Golf Club & Event Venue, Wonder Soil LLC, Good Dirt LLC, Hoffman Nursery Inc., Kellogg Supply Inc., Central Garden & Pet Company, Master Nursery Garden Centers Inc., Oldcastle Infrastructure a CRH Company, Organic Mechanics, Premier Tech Ltd., Proven Winners North America LLC, Schultz Company
Increasing Investment Trends Propel Innovation And Growth In The Premium Potting Soil Market
Strategic investments have emerged as a key trend gaining popularity in the premium potting soil market. Major companies operating in the market are raising investments to drive the product innovation and sustain their position in the premium potting soil market. For instance, in November 2021, Back To The Roots, a US-based manufacturing company of premium soil mixes, and a gardening company announced $15 million in Series D funding from Loft Growth Partners, Fenwick Brands, S2G Ventures, and Echo Capital. The fundraising news comes at a time when the Millennial-led organic garden firm is seeing significant development and expansion, with consumers anticipated to spend more than $100 million on Back to the Roots goods in retail shops and online this year.
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Key Segments -
The premium potting soils market covered in this report is segmented -
1) By Product: All-Purpose Potting Soil, Lawn and Garden Soil, Professional Potting Soil
2) By Type: Soil Without Fertilizer, Soil With Fertilizer
3) By Application: Indoor Gardening, Greenhouse, Lawn and Landscaping
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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