Dublin, Aug. 05, 2022 (GLOBE NEWSWIRE) -- The "Garden Soil - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Garden Soil Market to Reach US$3.9 Billion by the Year 2026
Amid the COVID-19 crisis, the global market for Garden Soil estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$3.9 Billion by 2026, growing at a CAGR of 6.3% over the analysis period. Cultivation, one of the segments analyzed in the report, is projected to grow at a 7.4% CAGR to reach US$1 Billion by the end of the analysis period.
Garden Soil contain a mixture of topsoil and other nutrients and materials which allows all plants to develop to their full potential. Garden soils can also be mixed with existing soils or mixed with other organic materials such as soilless potting mixes, peat moss or compost in various ratios.
Growth in the global market is attributed to the increasing demand for organic products, popularity of urban farming practices, growth in global population, increasing demand for garden and lawn consumables, popularity of urban farming practices, increasing demand for green spaces and growth of urban and controlled farming. The growth in the horticulture market is also one of the growth drivers of the soil market. Major agricultural firms also want to preserve and safeguard their market share fueling the demand for garden soils.
With popularity in environmental conservation issues, government regulating bodies are boosting demand for garden soil. Since the markets of developed countries are saturated, manufacturers are looking for new consumer bases and untapped markets. Some of the limiting factors of the market are lack of awareness about garden soil products that leads to lower penetration of the market.
The U.S. Market is Estimated at $1.1 Billion in 2022, While China is Forecast to Reach $471.7 Million by 2026
The Garden Soil market in the U.S. is estimated at US$1.1 Billion in the year 2022. The country currently accounts for a 37.45% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$471.7 Million in the year 2026 trailing a CAGR of 8.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR while Rest of European market (as defined in the study) will reach US$508.2 Million by the end of the analysis period. Organic farming, maintaining lawns, adopting modern techniques, improved yield, productivity and quality are some of the factors contributing to growth in North America region.
Commercial Development Segment to Reach $711.5 Million by 2026
The commercial use of potting soil is likely to account for a considerable share in the global market; wherein the increased practice in regards to greenhouse planting is expected to further enhance the commercial usage of potting soil. The increased application and use of potting soil for commercial purposes is boosted due to the availability and accessibility of plant-specific soil. In the global Commercial Development segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$409.1 Million will reach a projected size of US$600.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$65 Million by the year 2026, while Latin America will expand at a 7.5% CAGR through the analysis period.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Ideal Soil for a Thriving Garden
- Understanding Clay Soil
- Organic Materials in Garden's Soil
- Methods to Improve Garden Soil
- Garden Soil, the Largest Type of Manufactured Soil
- Potting Soil Market to Witness Growth
- Commercial & Residential Applications of Potting Soil
- Potting Soil Demand Across Regional Market
- Use of Manure in Home Vegetable Gardens
- Global Greenhouse Soil Market
- Importance of Improving Sandy Soil
- Rising Interest in Vertical Farming
- Growing Popularity of Golfing Bodes Well
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Companies Mentioned
- ASB Grunland Helmut Aurenz GmbH
- Bord na Mona Horticulture Ltd.
- COMPO GmbH
- Florentaise Group
- FoxFarm Soil & Fertilizer Co.
- Good Earth Horticulture
- Klasmann-Deilmann GmbH
- Lambert Peat Moss
- Michigan Peat Company
- Premier Tech Ltd.
- Sun Gro Horticulture
- The Espoma Company
- The Scotts Company LLC
- Vermicrop Organics
- Westland Horticulture
For more information about this report visit https://www.researchandmarkets.com/r/oj0ixy
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