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Potting soil plays crucial role in quality and good production of the plant. Potting soil with rich nutrient contents can promote plant vegetative growth and delayed maturity. Moreover, the use of good quality potting soil can minimize the time taken for emergence of plant. These aforementioned reasons are predicted to increase the demand for potting soil in forthcoming years.
The increasing popularity of home gardening for the decorative purposes among affluent population is expected to boost the sale of potting soil. Moreover, the increasing practice of greenhouse planting is predicted to further propel the market growth. The prominent players operating in the market are focused on the mergers & acquisitions activities to increase their footprint in the global potting soil market.
The growing demand for potting soil for both commercial and residential applications from developed as well as developing regions is predicted to drive the global market of potting soil. The increasing demand for clean label products coupled with the growing companies focus on entering into emerging countries and partnership with native growers for developing health food products are predicted to increase the demand for good quality potting soil among growers. Furthermore, increasing consumer inclination towards home edible gardening due to rising health concern is anticipated to be a favorable factor to accelerate the demand for potting soil. The prominent companies are embarking on adopting aggressive marketing strategies to enlarge their market footprints along with increasing customer base. The increasing demand for potting soil which contain extra peat mass is expected to positively impact the market growth. Potting soil consists of organic materials such as shredded leaves, wood chips, compost, composting bark, rice husk and other similar products. These can be used as ingredients for potting soil to form a coat of materials that enhance the nutritional content of the soil (through decomposition) which can help to improve the quality of plant. This is expected to drive the global potting soil market.
Key Market Driver -
Increasing Popularity of Indoor Gardening
Key Market Restraint -
Low Awareness about the Benefits of Potting Soil
The low awareness regarding the benefit of potting soil in many emerging countries is predicted to restrain the market growth. Moreover, the strict rules about the labeling of potting soil are predicted to hamper the market growth.
The prominent players operating in the global potting soil market are Sun Gro Horticulture, Klasmann-Deilmann, ASB Greenworld, Lambert, Espoma, Compo, Scotts Miracle-Gro, Florentaise, FoxFarm, Matecsa Kft, Michigan Peat, and Others.
All-purpose potting soil is anticipated to witness considerable growth in the global market of potting soil. All-purpose potting soil is extensively utilized for potted herbs, vegetables and outside container gardens which is expected to drive the growth on all-purpose potting soil market. Moreover, the increasing demands for professional soil which works well for houseplants, ornamental plants, garden plants, and hanging baskets. The increasing cultivation of ornamental plants owing to high profit associated with the cultivation of such high value crops is predicted to boost the sale of professional soil.
The commercial application of potting soil is expected to hold a significant share in the global market of potting soil. The increasing practice of greenhouse planting is predicted to leverage the commercial use potting soil positively. The availability of plant-specific soil is also predicted to be a favorable factor for increasing application of potting soil in commercial uses. For instance, cactus potting soil works well for cactus and succulents since it contains a special blend of organic materials, perlite and sand to promote drainage. Moreover, the rising popularity of edible indoor gardening owing to the increasing health concerns is predicted to boost the utilization of potting soil in residential application.
North America is anticipated to witness robust growth in the global market of potting soil. The increasing area under the indoor planting along with the adoption of modern agriculture technology is predicted to boost the use of potting soil within the region. The presence of prominent market players such as Sun Gro Horticulture, Scotts Miracle-Gro, and others coupled with the ease of product availability within North America is expected to positively impact the market growth. The rising Americans interest towards home gardening is predicted to increase the sale of potting soil within the region.
Asia Pacific is predicted to witness significant growth in the global market of potting soil. Increasing growers inclination towards organic farming coupled with increasing practice of well-organized farming is predicted to boost the demand for good quality potting soil within the region. The market in Middle East and Africa is expected to grow at a considerable pace during the foreseeable years. The weather conditions in the region are not favorable for growth of vegetables, therefore, majority of vegetables are grown in greenhouses which is expected to propel the demand for potting soil in the region.
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