Global Premium Potting Soils Market Size, Drivers, Trends, Opportunities And Strategies – Includes Premium Potting Soils Market Forecast
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Increasing greenhouse cultivation are expected to drive innovation in premium potting soils manufacturing, thus driving the market during the forecast period.
The global premium potting soils market is expected to grow from $1.65 billion in 2022 to $1.71 billion in 2023 at a compound annual growth rate (CAGR) of 3.1%. The premium potting soils market size is expected to grow to $1.94 billion in 2027 at a CAGR of 3.2%.
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Global Premium Potting Soils Market Segments Include:
- By Product:All-Purpose Potting Soil, Lawn and Garden Soil, Professional Potting Soil
- By Type:Soil Without Fertilizer, Soil With Fertilizer
- By Application:Indoor Gardening, Greenhouse, Lawn and Landscaping
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global premium potting soils market in 2021.
Major Market Players in the premium potting soils market include Scotts Miracle-Gro, CreekSide, Sun Gro, ASB Greenworld, Klasmann-Deilmann, Michigan Peat, Vermicrop Organics, Lambert, FoxFarm.
Strategic partnerships have emerged as a key trend gaining popularity in the premium potting soil market. Major companies operating in the market are entering into partnerships to sustain their position in the premium potting soil market. For instance, in February 2020, Klasmann-Deilmann Group, a Germany-based manufacturer of premium potting soil, entered a strategic partnership with Shakti Cocos B.V. Through this partnership, Klasmann-Deilmann seeks to expand into new markets while securing its own supply of raw materials for substrate manufacture. Shakti Cocos B.V. is a Europe-based manufacturer of potting soils.
The Premium Potting Soils Global Market Report 2023 provides a premium potting soils market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The premium potting soils market forecast analyzes premium potting soils market size, premium potting soils market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
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