The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Steady Market Expansion and Projections

• Gradual increase: Market size to reach $1.72 billion in 2024 with a 2.6% CAGR.
• Historic growth factors:
  • Growing demand for specialty plants.
  • Rising environmental awareness.
  • Urban gardening trends driving market demand.
• Expected growth: Market to reach $1.98 billion by 2028, with a 3.6% CAGR.
• Forecasted drivers:
  • Focus on sustainability and environmental impact.
  • Integration of technology in agriculture.
  • Rise in home improvement activities and health-conscious gardening trends.

Greenhouse Cultivation Driving Market Expansion

• Increase in greenhouse cultivation propels premium potting soil market growth.
• Premium potting soils are preferred in greenhouse culture for their tailored growth mediums.
• Sales of greenhouses in Canada surged by 8.3% in 2021, reaching $3.8 billion.
• Major players: The Scotts Company LLC, Sun Gro Horticulture Canada Ltd., FoxFarm Soil & Fertilizer Company, among others.

Investment Trends Boost Innovation

• Strategic investments fuel innovation and growth in the premium potting soil market.
• Back To The Roots secures $15 million in Series D funding in November 2021, driving expansion and product development.
• CenterGate Capital acquires The Mulch and Soil Company in May 2021, fostering growth in premium potting soil manufacturing.
• These investments enhance product offerings and market competitiveness.

Market Segmentation and Diversification

• Segmentation:
  • 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.
• North America leads the premium potting soils market in 2023, showcasing significant market presence and growth potential.

Conclusion: Nurturing Growth and Innovation

The premium potting soils market exhibits steady growth, fueled by evolving consumer preferences and sustainable gardening practices. The rise in greenhouse cultivation and strategic investments in innovation contribute to market expansion and product diversification. Major players are committed to enhancing product quality and addressing environmental concerns, aligning with the growing demand for eco-friendly gardening solutions. As the market continues to evolve, collaborations and partnerships drive innovation, ensuring the availability of premium potting soils that meet the diverse needs of modern gardeners. With North America leading the market, the premium potting soils industry sets a promising trajectory for sustainable growth and innovation in the years to come.

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The Premium Potting Soils Global Market Report 2024  provides comprehensive insights on the premium potting soils market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the premium potting soils market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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