Potting Soil Market Scope
Potting soil consists of composted bark, sand, peat, recycled mushroom compost, perlite, and others. It is used to grow herbs, vegetables, and plants in the pot. The growing popularity of indoor gardening for the decorative purposes among the high-income group people supplementing the growth of potting soil market. Further, increasing demand for both residential and commercial applications and increasing demand from the developing economies expected to drive the demand for potting soil over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Compo (Germany), Sun Gro Horticulture (Canada), Scotts Miracle-Gro (United States), Klasmann-Deilmann (Germany), Florentaise (France), ASB Greenworld (Germany), FoxFarm (United States), Lambert (Canada), Matecsa Kft (Hungary), Espoma (United States) and Michigan Peat (United States) |
CAGR | 5.5% |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Potting Soil market throughout the predicted period.
Compo (Germany), Sun Gro Horticulture (Canada), Scotts Miracle-Gro (United States), Klasmann-Deilmann (Germany), Florentaise (France), ASB Greenworld (Germany), FoxFarm (United States), Lambert (Canada), Matecsa Kft (Hungary), Espoma (United States) and Michigan Peat (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Good Earth Horticulture (India), Free Peat (Netherland) and Vermicrop Organics (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Potting Soil market by Type , by Application (Indoor Gardening, Greenhouse and Lawn & Landscaping) and Region with country level break-up.
On the basis of geography, the market of Potting Soil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In May 2022, CenterGate Capital, a US-based private equity firm, acquired the Mulch and Soil company’s goal for success and a compelling future. The Mulch and Soil Company is a US–based manufacturer and provider of premium potting soil.
In September 2022, FMC India introduced three new products for pest management and soil fertility. These products aim to support Indian farmers in achieving better yields through good quality produce and an improved soil profile.
“According to the Canadian Food Inspection Agency general labeling requirements for the potting soil are registered under the Fertilizers Act must conform to the labeling requirements for supplement products. Labeling requirements are found in Section 18. Of the Fertilizers Regulations. A label for a potting medium containing a supplement must include the following information such as name and address of the manufacturer of the product, name of the product, weight of the product, directions for use, guaranteed analysis, as prescribed in section 15, including the minimum percentage of the supplement active ingredient, expressed in percent on a weight by weight basis, date beyond which the product is not intended for use, if applicable registration number of the supplement and precautionary statements where applicable.”
Influencing Trend:
Rising Demand of Potting Soil with Extra Peat Moss and Increasing Demand for the Residential Use
Market Growth Drivers:
Growing Popularity of Indoor Gardening and Increasing Demand for the Commercial Use
Challenges:
Lack of Awareness in the Developing Economies
Restraints:
Stringent Government Regulations for Potting Soil
Opportunities:
Rising Demand for the Lawn & Landscaping and Increasing Demand from Developing Economies
Key Target Audience
Potting Soil Manufacturers, Potting Soil Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others