Overview and Scope
Potting soil, commonly referred to as potting mix, is made up of many components that give potted plants a healthy environment. The purpose of these mixtures is to prevent the soil from becoming overly compacted, which can suffocate roots and obstruct the movement of water and nutrients. A premium potting soil is fluffier, lighter in weight, and able to retain moisture.
Sizing and Forecast
The premium potting soils market size has grown steadily in recent years. It will grow from $1.68 billion in 2023 to $1.72 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%. The growth in the historic period can be attributed to growing demand for specialty plants, rising awareness of environmental benefits, urban gardening trend.
The premium potting soils market size is expected to see steady growth in the next few years. It will grow to $1.98 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to continued focus on sustainability, tech integration in agriculture, growth in home improvement activities, health and wellness trends, rise of urban and indoor gardening. Major trends in the forecast period include product innovation, customization options, packaging innovation, collaborations and partnerships.
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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
North America was the largest region in the premium potting soils market in 2023. 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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Major Driver Impacting Market Growth
Increasing greenhouse cultivation is expected to propel the growth of the premium potting soil market going forward. Greenhouse cultivation refers to a distinctive farming approach where crops are grown in protected areas that are covered in translucent or partially transparent materials. Premium potting soils are used more frequently in greenhouse culture because they comprise components that each serve a specific purpose in creating a growth medium for potted plants. For instance, in April 2022, according to Statistics Canada, the national statistical office of the Canadian government, sales of greenhouses rose by 8.3% over the previous year, reaching $3.8 billion in 2021. Therefore, increasing greenhouse cultivation is driving the growth of the premium potting soil market going forward.
Key Industry Players
Major companies operating in the premium potting soils market report are 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., Whitney Farms Golf Club & Event Venue, Wonder Soil LLC, Good Dirt LLC, Hoffman Nursery Inc., Kellogg Supply Inc., Central Garden & Pet Company, Master Nursery Garden Centers Inc., Oldcastle Infrastructure a CRH Company, Organic Mechanics, Premier Tech Ltd., Proven Winners North America LLC, Schultz Company
The premium potting soils market report table of contents includes:
1. Executive Summary
2. Premium Potting Soils Market Characteristics
3. Premium Potting Soils Market Trends And Strategies
4. Premium Potting Soils Market – Macro Economic Scenario
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31. Global Premium Potting Soils Market Competitive Benchmarking
32. Global Premium Potting Soils Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Premium Potting Soils Market
34. Premium Potting Soils Market Future Outlook and Potential Analysis
