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Premium Potting Soils Market: Major Trends Reshaping the Future of the Industry
Premium Potting Soils
What Will the Premium Potting Soils Industry Market Size Be by 2025?
In recent years, the premium potting soils market has been witnessing steady growth. Its size is projected to increase from $1.71 billion in 2024 to $1.75 billion in 2025, with a compound annual growth rate (CAGR) of 2.6%. Factors contributing to its growth during the historic period include rising interest in specialty plants, growing consciousness about environmental advantages, and the trend of urban gardening.
What's the Long-Term Growth Forecast for the Premium Potting Soils Market Size Through 2029?
In the coming years, we anticipate the premium potting soils market to steadily expand. By 2029, it's projected to reach a value of $2.11 billion with a compound annual growth rate (CAGR) of 4.7%. This growth during the forecast period can be ascribed to a continued emphasis on sustainability, technological advancements in agriculture, an increase in home improvement undertakings, health and wellness trends, and the surge in urban and indoor gardening. Key trends during the forecast period include breakthroughs in product innovation, bespoke options, innovative packaging, as well as collaborations and partnerships.
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What Are the Key Growth Drivers Fueling the Premium Potting Soils Market Expansion?
The premium potting soil market's expansion is predicted to be fueled by the rise in greenhouse agriculture. Greenhouse farming, a unique agricultural technique that involves growing crops in covered spaces with translucent or semi-transparent materials, often uses premium potting soils given their mixed components that assist in nurturing potted plants. For example, the sales of greenhouses, according to Statistics Canada, the Canadian government's national statistical office, surged by 6.7% to $4.5 billion in March 2024, making up 82.8% of the total sales in 2023. Hence, the burgeoning trend of greenhouse farming is pushing the growth of the premium potting soil market in the future.
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What Are the Key Trends Driving Premium Potting Soils Market Growth?
In the premium potting soil market, leading businesses are creating advanced items such as Organic Potting Mix, Garden Soil, and Raised Bed Mix to fulfill the increasing demand for sustainable and superior quality gardening solutions that will improve soil health, encourage plant development, and uphold green gardening methods. For example, Back to the Roots Inc., an organic gardening firm based in the US, introduced Organic Potting Mix, Garden Soil, and Raised Bed Mix in April 2024. These soil products are completely Peat-Free and developed from repurposed local green waste, like plant offcuts, contributing towards their eco-friendly nature. They are marketed in packaging produced from 100% ISCC-certified reclaimed consumer plastic.
How Is the Premium Potting Soils Market Segmented?
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
Subsegments:
1) By All-Purpose Potting Soil: Standard All-Purpose Potting Mix, Organic All-Purpose Potting Soil, Lightweight All-Purpose Potting Mix
2) By Lawn And Garden Soil: Garden Soil, Raised Bed Soil, Lawn Soil, Vegetable Garden Soil
3) By Professional Potting Soil: Professional Orchid Mix, Professional Cactus Mix, Professional Seed Starting Mix, Professional Planting Mix
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Which Companies Are Leading the Charge in Premium Potting Soils Market Innovation?
Major companies operating in the premium potting soils market include 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., Wonder Soil LLC, Good Dirt LLC, Kellogg Supply Inc., Central Garden & Pet Company, Organic Mechanics, Premier Tech Ltd., Proven Winners North America LLC
Which Regions Are Leading the Global Premium Potting Soils Market in Revenue?
North America was the largest region in the premium potting soils market in 2024. The regions covered in the premium potting soils market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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