Global Potting Soil And Mixes Market 2024 : Trends, Business Growth And Major Driving Factors

"The Business Research Company recently released a comprehensive report on the Global Potting Soil And Mixes Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The potting soil and mixes market size has grown strongly in recent years. It will grow from $2.49 billion in 2023 to $2.67 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to an increase in demand for gardening supplies, a rise in home gardening as a leisure activity, the expansion of the horticulture industry, the aesthetic and health benefits associated with indoor greenery, and growing awareness of environmental issues.

The potting soil and mixes market size is expected to see strong growth in the next few years. It will grow to $3.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the growth of urban gardening and balcony gardening, pandemic-driven interest in self-sustaining practices, demand for eco-friendly and organic potting mixes, stricter regulations on chemical usage in potting mixes, and increased certification and standardization requirements. Major trends in the forecast period include soilless growing media, an emphasis on soil health and microbiome, advances in technology, urban gardening and vertical farming, and climate-conscious products.

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Market Drivers and Trends:

The increasing interest in consuming organic vegetables is expected to propel the growth of the potting soil and mixes market going forward. Organic vegetables are grown without the use of synthetic fertilizers, pesticides, herbicides, or genetically modified organisms (GMOs). Soft fruits, also known as berries or small fruits, are a category of fruit characterized by their tender, juicy, and often delicate nature. The consumption of organic vegetables is rising due to several reasons, including health benefits, environmental concerns, food safety, and the influence of the media and celebrities. Potting soils and mixes provide a nutrient-rich and well-draining environment essential for growing organic vegetables, which enhances plant health and yield. For instance, in May 2023, according to the Department for Environment, Food, and Rural Affairs, a UK-based government agency, fully organic and in-conversion vegetable land in 2021 is 7.9, which will increase to 8.4 in 2022. Therefore, increasing interest in consuming organic vegetables is driving the growth of the potting soil and mixes market.

Major companies operating in the potting soil and mixes market are focusing on developing innovative products, 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 soilless growing mixes, launched a new climate-conscious potting mix named Sunshine Black Bear Indoor & Outdoor Potting Mix. This innovative product incorporates Black Bear biochar, a sustainable alternative to perlite, which enhances aeration and drainage while also contributing to carbon capture. Biochar is produced from forest by-products through a pyrolysis process, effectively storing carbon and promoting environmental sustainability.

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Major Key Players of the Market:

The Scotts Miracle-Gro Company, Jiffy Products International B.V., Sun Gro Horticulture, COMPO Group, Denbow Ltd., Peats Soil & Garden Supplies, ASB Greenworld Inc., Fafard Inc., Klasmann-Deilmann Gmbh, The Espoma Company, FoxFarm Soil & Fertilizer Co., Organic Mechanics Soil, Michigan Peat Company, Dr Earth, Early's Farm & Garden Centre, Katek Fertilizers, Lambert Peat Moss, Optimize Organics, PittMoss, Sol Soils, Vigoro

Potting Soil And Mixes Market 2024 Key Insights:

• The potting soil and mixes market size is expected to see strong growth in the next few years. It will grow to $3.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
• Organic Vegetables Propel Growth Of The potting Soil And Mixes Market
• Climate-Conscious Potting Mix With Carbon-Rich Biochar Enhances Sustainability
• North America was the largest region in the potting soil and mixes market in 2023

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