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Greenhouse Soil Market Report: Size, Share, and Growth Trends in 2024-2033 Industry Insights
Greenhouse Soil Global Market Report 2024
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According to The Business Research Company's, The greenhouse soil market size has grown strongly in recent years. It will grow from $4.44 billion in 2023 to $4.68 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increased crop yield, pest and disease control, the growing awareness of water conservation, the rise of urban agriculture, and increased demand for specialized soils.
The greenhouse soil market size is expected to see strong growth in the next few years. It will grow to $5.78 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing demand for organic produce, unpredictable weather patterns, increasing demand for appropriate soil, increasing global population, and increasing market penetration and accessibility. Major trends in the forecast period include advancements in soil formulations, emphasis on soil health and microbiome, adoption of soilless growing media, stricter regulations, and integration of technology in soil manufacturing.
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Market Drivers and Trends:
The increasing gardening sector is expected to propel the growth of the greenhouse soil market going forward. The gardening sector encompasses the cultivation and maintenance of gardens, including the growth of plants, flowers, and vegetables. It involves a wide range of activities, such as landscaping, lawn care, and horticulture, often requiring specialized tools and products. The demand for the gardening sector is rising due to several reasons, including increased interest in home gardening, the rise of urban living, growing awareness, educational programs, and community initiatives. Greenhouse soil aids in increasing demand from the gardening sector by providing optimal nutrient-rich and well-draining conditions, ensuring consistent plant growth and health. For instance, in April 2023, according to the National Gardening Survey 2023 by the National Gardening Association, a US-based nonprofit organization, household spending on lawn and gardening activities saw a significant increase in 2022, averaging $616, up by $74 from 2021. Additionally, the percentage of households engaged in indoor houseplant gardening rose to 35.5% in 2022, compared to 29.3% in the previous year. Therefore, the increasing gardening sector is driving the growth of the greenhouse soil market.
Major companies operating in the greenhouse soil market are focusing on developing innovative solutions, such as climate-conscious potting mixes and perlite that promote aeration and drainage. A climate-conscious potting mix is designed to minimize environmental impact by using sustainable, eco-friendly ingredients. It often includes renewable resources, reduces carbon footprints, and supports healthier plant growth while promoting soil health. For instance, in June 2024, Sun Gro Horticulture, a US-based provider of horticulture growing media, launched the Sunshine Black Bear potting mix for both indoor and outdoor use, aimed at carbon capture and environmental sustainability. This climate-conscious innovation features carbon-rich biochar, known as Black Bear Biochar, which enhances aeration and drainage. Suitable for indoor and outdoor containers, hanging baskets, and window boxes, this potting mix promotes environmental sustainability while improving plant growth.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Scotts Miracle-Gro Company, Premier Tech, Sun Gro Horticulture Inc, COMPO GmbH, Kellogg Garden Products, Florentaise, Agriplast, Westland Horticulture, Klasmann-Deilmann GmbH, Espoma, Good Earth, southeast soils inc, FoxFarm Soil & Fertilizer Co., Fafard, Dr. Earth Inc., Lambert Peat Moss, Vermicrop Organics, Pro-Mix, ASB Grünland Helmut Aurenz GmbH, Berger, Roots Organics
Greenhouse Soil Market 2024 Key Insights:
• The greenhouse soil market size is expected to see strong growth in the next few years. It will grow to $5.78 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
• Gardening Sector Propel Growth Of The Greenhouse Soil Market
• New Climate-Conscious Potting Mix Promotes Carbon Capture And Sustainability
• North America was the largest region in the greenhouse soil market in 2023
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