Growing Medium Market Growth Accelerates: Strategic Forecast Predicts $4.98 Billion by 2029

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What Will the Growing Medium Industry Market Size Be by 2025?
The market size of the growing medium has consistently expanded over the past years. It's projected to increase from $4.28 billion in 2024 to $4.43 billion in 2025, with a compound annual growth rate (CAGR) of 3.4%. This growth during the historical timeframe is linked to escalated concerns related to food safety and health, burgeoning population, enhanced buyer awareness, increased vegetable demand, and a rising need for cannabis*.

What's the Long-Term Growth Forecast for the Growing Medium Market Size Through 2029?
The market size of the growing medium is projected to exhibit consistent expansion over the coming years, reaching a value of $4.99 billion in 2029 with a CAGR of 3.0%. Several factors account for this anticipated growth during the forecast period such as amplified horticultural activities, the popularity of indoor gardening, a surge in agricultural spending, an increase in discretionary income, and the widespread adoption of systematic farming methodologies. Noteworthy trends during the forecast period encompass the inclusion of IoT sensors, breakthroughs in aeroponic systems, the development of microbe-enhanced growing mediums, the introduction of smart growing mediums with controlled-release fertilizers, and the creation of green, organic growing mediums.

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What Are the Key Growth Drivers Fueling the Growing Medium Market Expansion?
The growing medium market is anticipated to expand due to a rise in demand for horticulture. Horticulture, a section of agriculture that deals with the cultivation and maintenance of garden crops like fruits, vegetables, nuts, seeds, herbs, sprouts, mushrooms, algae, and non-food crops like flowers, seaweeds, and non-food plants, is experiencing increased demand, prompted by consumer preference for fresh, locally-grown produce, a shift towards sustainably-sourced products, and an increased focus on health and well-being. The growing medium is crucial in horticulture as it provides a supportive environment for root growth, facilitating the provision of essential nutrients, moisture retention, and physical support for plants. The New South Wales (NSW) Department of Primary Industries and Regional Development, an Australian government body, has projected that the horticultural gross production value will reach $2,989 million in 2022-2023, marking a 2% rise from 2021-2022. Consequently, the heightened demand for horticulture is fueling the growth of the growing medium market.

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What Are the Key Trends Driving Growing Medium Market Growth?
Leading firms in the expanding growing medium market are introducing inventive items such as soil-less growing mediums to increase plant growth productivity and advance sustainable farming methods. Soil-less growing mediums are materials that assist in plant growth without the need for natural soil. They offer support, retain moisture, and deliver nutrients to the plants. In July 2024, for example, FARMAI India Private Limited, a farming service company based in India that offers growing mediums, introduced a soilless medium. This medium, crafted for the growth of seedlings, is designed to boost agricultural output. This groundbreaking product is a part of the wider drive towards sustainable farming, with a specific focus on combating issues like soil erosion and water shortage. The soil-less medium comprises a combination of organic and inorganic components that deliver excellent porosity, remarkable aeration, and significant water retaining potential.

How Is the Growing Medium Market Segmented?
The growing mediummarket covered in this report is segmented -

1) By Type: Soilless Mixes, Composts, Gravel, Inert Mediums, Other Types
2) By Distribution Channel: Online, Offline
3) By Application: Agriculture, Horticulture, Home Gardening, Greenhouses, Landscape

Subsegments:
1) By Soilless Mixes: Peat-Based Mixes, Coconut Coir Mixes, Vermiculite And Perlite Mixes, Composted Bark Mixes
2) By Composts: Organic Composts, Vermicompost, Green Composts, Manure-Based Composts
3) By Gravel: Expanded Clay Gravel, Crushed Stone Gravel, Pea Gravel
4) By Inert Mediums: Perlite, Vermiculite, Rockwool, Expanded Polystyrene (EPS)
5) By Other Types: Hydroponic Mediums, Biodegradable Grow Bags, Rice Hulls And Other Agricultural Residues

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Which Companies Are Leading the Charge in Growing Medium Market Innovation?
Major companies operating in the growing medium market are Israel Corporation Ltd., The Scotts Miracle-Gro Company, Neova Group, Premier Tech Ltd., Profile Products LLC, Jiffy International AS, Hydrofarm Holdings Group, Greenhouse Grower , CANNA B.V., BERA B.V, Grodan B.V., FoxFarm Soil & Fertilizer Company, Floragard Vertriebs GmbH, PittMoss LLC, Cropaia, HydraFiber, Horticultural Coir Inc., Berger, Trellis Bliss, Areapeat

Which Regions Are Leading the Global Growing Medium Market in Revenue?
North America was the largest region in the growing medium market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the growing medium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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