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Premium Potting Soils Market is Estimated to Witness High Growth Owing to Rising Demand from Commercial Horticulture Industry

05-23-2024 02:22 PM CET | Chemicals & Materials

Press release from: Coherent Market Insights

Premium Potting Soils Market

Premium Potting Soils Market

Market Overview:

Premium potting soils are premium quality soils used for growing plants and vegetables indoors and outdoors. They contain high nutrient content and are formulated to retain adequate moisture and ensure proper drainage.

Market Dynamics:

Premium potting soils market is driven by rising demand from the commercial horticulture industry. The commercial horticulture industry is growing at a rapid pace owing to increasing consumption of fruits and vegetables along with cut flowers. According to FAO, the value of production of fruits and vegetables is estimated to be over US$ 1 trillion in 2030. Moreover, growing demand for organic foods is also driving the use of premium potting soils as they contain no pesticides or chemical fertilizers. Premium potting soils allow for organic cultivation of fruits, vegetables and other plants. Furthermore, growth of the gardening and landscaping industry is another major factor fueling the demand for premium potting soils.

High Rates of Home Gardening Due to Increased Leisure Time During the Pandemic

The COVID-19 pandemic has significantly impacted consumer behavior and lifestyle habits. Lockdowns and social restrictions resulted in more people spending time at home, taking up new hobbies and activities. Home gardening and landscaping saw a huge surge in popularity as it provided a fun, productive way for people to engage in outdoor activities while social distancing. According to surveys, over 50% of U.S. households started a home garden in 2020 to grow vegetables, fruits, herbs or flowers. This rapid rise in the number of home gardens and gardening enthusiasts has boosted the demand for high-quality potting soils which are essential for planting a wide variety of plants indoors or outdoors. As home gardening is expected to remain a popular pastime even post-pandemic, it will continue driving sales of premium potting soils.

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Key Players Covered In This Report:

Scotts Miracle-Gro, CreekSide, Sun Gro, ASB Greenworld, FoxFarm, Klasmann-Deilmann, Michigan Peat, Lambert, Vermicrop Organics, Espoma, Baccto, and Rexius

Market Segmantation:

By Product:

All-purpose Potting Soil
Lawn and Garden Soil
Professional Potting Soil

By Application :

Indoor Gardening
Greenhouse
Lawn & Landscaping

Key Region/Countries are Classified as Follows:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered.

The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ Latin America (Brazil, Argentina, Colombia,.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Increased Focus on Organic and Natural Lawn and Garden Products

Consumers are increasingly health-conscious and concerned about the impact of chemicals on the environment. This has led to growing demand for organic and natural products across all sectors including lawn and garden supplies. Premium potting soils aim to meet this demand as they are made from ingredients like compost, peat moss and perlite without the use of synthetic pesticides, fertilizers or other chemicals. Their organic composition nourishes plants naturally and improves soil health and structure. Since organic potting soils also allow for soil-free hydroponic or aeroponic growing systems, they appeal to health-conscious urban gardeners with limited space. As more consumers switch to eco-friendly gardening practices, the organic potting soil category will keep expanding.

High Logistics and Supply Chain Costs

Potting soils contain ingredients that are bulky and expensive to transport such as peat moss, compost and bark. Their producers and distributors have to bear high freight costs associated with shipping these heavy blended materials in bulk quantities across regions. For domestic as well as international supplies, high fuel costs further inflate transportation expenses. Changes in fuel prices directly impact production and distribution margins for potting soil companies. Stock outs also occur frequently during the peak spring season due to difficulties in synchronizing supply with unpredictable demand surges. These logistical challenges raise operating costs and retail prices, acting as a key restraint for the premium potting soils market.

Increased Popularity of Hydroponic and Indoor Gardening

The pandemic boosted the profile of hydroponic and indoor gardening as it allowed homegrown fresh produce even without a yard. While soil-based containers and raised beds continued to sell, soilless systems gained new customers. Premium potting soils are well-suited for hydroponics and other soil-free techniques as their specially formulated mixes provide ideal conditions for root development and nutrient absorption without soil. Indoor gardening using LED grow lights and hydroponics setups also gained traction in small spaces. As novel indoor farming methods become mainstream, they will spur continuing interest in premium potting soils tailored for soil-free cultivation. The market opportunity lies in innovating new soil blends and developing products targeted towards the burgeoning hydroponics and indoor gardening segment.

Trend Towards Specialty and Customized Potting Soil Blends

Earlier, potting soils were mainly undifferentiated bulk blends. Now, specialty mixes formulated for specific plant types are trending. For example, there are premium soils for tomatoes, herbs, succulents, orchids, bonsai, citrus trees and more. Custom soils catering to hydroponic systems or specialty growing mediums like lava rock, wood chips, clay pellets are also gaining popularity. Garden centers offer a wider assortment of potting soils today. Nurseries mix customized blends on demand as per customer requirements. This push towards differentiated, specialty blends that optimally support unique cultivation needs reflects potting soil trends and satisfies the diverse demands of today's innovative homeowners and urban farmers. It encourages premiumization and allows companies to charge higher prices for value-added specialty products.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Premium Potting Soils market ?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

Contact Us:

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
✉ Email: sales@coherentmarketinsights.com
📞United States of America: +1-206-701-6702
📞United Kingdom: +44-020-8133-4027
📞Japan: +050-5539-1737
📞India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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