Press release
Premium Potting Soils Market Growth Accelerates: Strategic Forecast Predicts $2.07 Billion by 2029
Premium Potting Soils
What Will the Premium Potting Soils Industry Market Size Be by 2025?
The market size for premium potting soils has seen stable growth in the past few years. It is expected to increase from $1.71 billion in 2024 to $1.75 billion in 2025, reflecting a compound annual growth rate (CAGR) of 2.3%. The expansion during the historical period is credited to increased demand for specialty plants, greater consciousness about environmental advantages, and the trend towards urban gardening.
What's the Long-Term Growth Forecast for the Premium Potting Soils Market Size Through 2029?
The market size of premium potting soils is anticipated to witness a consistent rise in the coming years. With a Compound Annual Growth Rate (CAGR) of 4.4%, the market is forecasted to reach $2.07 billion by 2029. Factors contributing to this projected growth encompass an ongoing emphasis on sustainability, the incorporation of technology in farming, an increase in home enhancement activities, health, wellness trends, and the emergence of urban and indoor gardening. Key trends predicted to influence the market in the forecast period include product innovation, options for customization, 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 expansion of greenhouse farming is anticipated to stimulate the advancement of the premium potting soil market. Greenhouse growing signifies a unique agricultural method where crops are raised in shielded areas that are enveloped in clear or semi-clear materials. Premium potting soils are utilized more often in this type of cultivation due to their inclusion of elements that each cater to a distinctive purpose in the establishment of a growth medium for potted plants. As an illustration, the Statistics Canada revealed in March 2024 a 6.7% increase in greenhouse profits, amounting to $4.5 billion, which constituted 82.8% of the total sales in 2023. Hence, the development of the premium potting soil market is being propelled by the rise of greenhouse farming.
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What Are the Key Trends Driving Premium Potting Soils Market Growth?
Renowned entities in the premium potting soil market are introducing sophisticated products such as Organic Potting Mix, Garden Soil, and Raised Bed Mix, in response to the escalating demand for sustainable and superior gardening solutions. These solutions enhance soil health, encourage plant growth, and support green gardening practices. For instance, Back to the Roots Inc., an organic gardening corporation in the US, inaugurated Organic Potting Mix, Garden Soil, and Raised Bed Mix in April 2024. These soil products are completely Peat-Free and made from local reused green waste, including plant trimmings. This makes the products environmentally friendly. The items are packed in bags created from 100% International Sustainability and Carbon Certification (ISCC) certified recycled plastic from post-consumer waste.
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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