Categories: Market Research

Manufactured Soil Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Manufactured Soil Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Manufactured Soil Global Market Report 2024, The manufactured soil market size has grown strongly in recent years. It will grow from $8.23 billion in 2023 to $8.87 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to urbanization and land scarcity, expansion of commercial agriculture, soil quality restoration, demand for customized soil blends, focus on sustainable farming, land reclamation projects..

The manufactured soil market size is expected to see strong growth in the next few years. It will grow to $11.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to advancements in soil science, expansion of urban agriculture, climate-resilient agriculture, regulatory support for soil management, demand for soil-less agriculture. Major trends in the forecast period include collaboration in research and development, integration of precision agriculture technologies, customized soil mixes, integration for carbon sequestration, collaborations for research and innovation.

The increasing demand for organic products is expected to propel the growth of the manufactured soil market going forward. Organic products refer to agricultural or food products that are grown, processed, and handled without the use of synthetic chemicals, pesticides, or fertilizers. Manufactured soils are mixtures of organic waste that are used for container-grown organic plants and vegetables. For instance, in December 2022, according to the U.S. Department of Agriculture (USDA), a US-based national agricultural statistics service organization, the total sales of organic products in the USA accounted for $11.2 billion in 2021 where, around $310 million in organic products were sold directly from on-farm stores, farmers’ markets, and others to consumers. Therefore, the increasing demand for organic products is driving the growth of the manufactured soil market.

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The manufactured soil market covered in this report is segmented –

1) By Type: Garden Soil, Soil Mix, Manure & Compost, Turf Sand, Organic Soil Improver

2) By Brand: Super Soil, Peaceful Valley, Farm Supply, Ferry Mores, Jiffy Mix

3) By Application: Cultivation, Lawns, Commercial Developments, Sports Fields, Green Spaces

Technology advancements are a key trend gaining popularity in the manufactured soil market. Major companies operating in the manufactured soil market are adopting new technologies to sustain their position in the market. For instance, in January 2023, Terramera, a Canada-based agriculture technology company launched the ‘enrichSoil’ platform that provides real-time soil analysis data. This technology enables to provide of 99% accurate results, helps in fertilizer optimization, and improves soil health in building or manufacturing soils.

The manufactured soil market report table of contents includes: