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Garden Soil Market Size, Trends And Global Forecast Report 2024 To 2033
Garden Soil Market Size
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According to The Business Research Company's, The garden soil market size has grown strongly in recent years. It will grow from $4.09 billion in 2023 to $4.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increasing interest in home gardening, growing awareness and adoption of organic farming, government programs, increasing awareness of environmental issues, and the expansion of distribution channels.
The garden soil market size is expected to see strong growth in the next few years. It will grow to $6.16 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to growth in urban living, the impact of climate change on gardening habits, a growing focus on soil health, educational initiatives, and promotional campaigns. Major trends in the forecast period include innovations in soil formulations, technological advancements, customization and specialization, enhanced soil health, and the integration of fertilizer and soil products.
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Market Drivers and Trends:
Increasing interest in gardening is expected to propel the growth of the garden soil market going forward. Gardening is the practice of growing and cultivating plants, flowers, and vegetables in a controlled environment, such as a garden or a greenhouse. Interest in gardening is rising due to several reasons, including health benefits, urbanization, sustainability, personal satisfaction, and community engagement. Garden soil enhances interest in gardening by providing the essential nutrients and structure plants need to thrive, leading to healthier and more vibrant gardens. For instance, in April 2023, according to the National Gardening Survey 2023 by the National Gardening Association, a US-based nonprofit organization, spending on lawn and gardening activities continued to rise, with an average household spend of $616 in 2022, marking an increase of $74 from 2021. Therefore, the increasing interest in gardening is driving the growth of the garden soil market.
Major companies operating in the garden soil market are focusing on developing innovative products, such as organic and peat-free soils, to tap into a growing market while promoting sustainability and innovation in gardening. Organic and peat-free soil is a growing medium that omits peat and instead uses natural, sustainable materials like compost and coir, providing an eco-friendly option for nurturing plants. For instance, in April 2024, Back to the Roots, a US-based home gardening products company, launched Organic Potting Mix, Garden Soil, and Raised Bed Mix. This features 100% organic and peat-free soil made from upcycled local green waste, packaged in 100% post-consumer recycled plastic, and expands its offerings to include comprehensive organic gardening solutions. This development reflects growing consumer demand for eco-friendly products and sets a new standard for sustainable packaging in the gardening industry.
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Major Key Players of the Market:
The Scotts Miracle-Gro Company, Sun Gro Horticulture, Denbow Ltd., COMPO Group, Florentaise, Peats Soil & Garden Supplies, ASB Greenworld Ltd., Klasmann-Deilmann Gmbh, The Espoma Company, Good Earth, Southeast Soils Peat Company Inc., FoxFarm Soil & Fertilizer Co., Organic Mechanics Soil, Michigan Peat Company, Dr Earth, Lambert Peat Moss, Penick Organics, Sol Soils, Vermicrop Organics, Vigoro
Garden Soil Market 2024 Key Insights:
• The garden soil market size is expected to see strong growth in the next few years. It will grow to $6.16 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.
• Increasing Interest In Gardening Propels Growth In The Garden Soil Market
• Garden Soil Market Shifts Towards Eco-Friendly And Sustainable Organic Alternatives
• North America was the largest region in the garden soil market in 2023
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