Greenhouse soil market
Greenhouse Soil Market, By Product Type (Potting Mix, Garden Soil, Mulch, and Top Soil), By Application (Indoor Gardening, Greenhouse, and Lawn & Landscaping), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)
- Apr 2023
- CMI3053
- 175 Pages
- Excel & Pdf
- Food and Beverages
The global greenhouse soil market was valued at US$ 6,063.8 Million in 2022, and is expected to exhibit a CAGR of 4.65% in terms of revenue over the forecast period (2023-2030), and reach US$ 8,726.0 Million by 2030.
Driver:
Increasing application of greenhouse soil in lawn & landscaping, greenhouse, and indoor gardening
Greenhouse soil consists of organic materials, which include composting bark, wood chips, and shredded leaves. The market growth is driven by benefits associated with greenhouse soil ingredients along with increasing application of greenhouse soil in lawn & landscaping, greenhouse, and indoor gardening. Middle East is witnessing an increasing trend of greenhouse farming owing to extreme weather conditions and scarcity of water. Moreover, next-generation agricultural solutions in the Middle East include hydroponics, which is a technique for growing plants and vegetables using perlite, peat, rockwool, and others without soil.
For instance, on February 17, 2023, NRCS (Natural Resources Conservation Service) announces Next Conservation Program Funding Cycle Ending March 17, 2023. Iowa-based farmers in the U.S., interested in implementing new conservation practices on their farms have until March 17 to apply for the next round of Farm Bill program assistance through USDA’s (U.S. Department of Agriculture) Natural Resources Conservation Service (NRCS), including first-time funding through the Inflation Reduction Act (IRA), Iowa.
Use of organic raw materials such as decaying plant materials and microorganisms in greenhouse soil
The use of organic raw materials such as decaying plant materials and microorganisms in greenhouse soil is expected to drive growth of the market during the forecast period. For instance, the use of peat, bark, hulls, and coconut coir is increasing demand for these materials among farmers, owing to their decomposing properties. Moreover, effective use of lighting in greenhouse for vertical farming is one of the factors, which is expected to drive the greenhouse soil market growth in forecast period. Usage of lighting in greenhouse maintains balance in temperature and fulfills light requirement of the plants. Therefore, use of efficient LEDs and switching inorganic media components such as perlite, sand, and others with organic raw materials is expected to boost growth of the greenhouse soil market. According to Indian Brand Equity Foundation, In March 2022, Budget 2022, focuses on smart and modern agricultural practices. According to the Prime Minister of India, agricultural loans have surged 2.5 times over the past seven years. These loans will help modernise agriculture significantly and enhance natural farming, with a prime focus on Agri-waste management. Furthermore, under the PM Kisan Samman Nidhi scheme, US$ 26.4 billion (Rs. 2,00,000 crore) has been disbursed to 11 crore farmers. Also, the government’s efforts towards promoting the use of organic products have driven expansion in the organic products market to US$ 1.5 billion (Rs. 11,000 crore). The government is also providing financial support to Agri-tech startups and promoting the adoption of AI to revolutionise agricultural and farming trends.
Restraint:
Greenhouse farming requires high upfront and operating expenses
Greenhouse farming requires high upfront and operating expenses. It requires careful precautions to eliminate any pest or diseases in order to make sure that consecutive crop production does not get affected There is lack of awareness of soil among farmers, which requires training.
For instance, on February 21, 2023, Environmental Quality Incentives Program (EQIP), the federal government’s U.S. largest agriculture conservation assistance program for working lands, covering over 200 practices. Producers receive personalized technical assistance at no cost from Technical Service Providers (TSP) and are eligible for financial assistance to implement conservation practices.
Global Greenhouse Soil Market- Impact of Coronavirus (Covid-19) Pandemic
Soil health undermined by the improper disposal of animals culled during global pandemic. During the COVID-19 pandemic, mass culling of animals occurred for two reasons. Market disruptions due to decreased consumer demand, global trade restrictions, and workforce illness and absenteeism created market surpluses. Animals were also culled to prevent the transmission and mutation of the virus through animal vectors.
Figure 1. Global Greenhouse Soil Market Share (%), By Region, 2022
Among region, Europe accounted for the largest revenue share of 40% in the global greenhouse soil market in 2022, and it is expected to hold its dominance over the forecast period. Increasing trend of greenhouse farming, adoption of modern agriculture technology, and growing demand for organic food is increasing demand for different soil solutions including greenhouse soil.
Moreover, Middle East & Africa is expected to witness significant growth over the forecast period (2023 to 2030), and exhibit a CAGR of 5.2%. The weather conditions in Middle East & Africa are not favorable for growth of vegetables, thus, majority of vegetables are grown in greenhouses, thereby, propelling demand for greenhouse soil in the region.
Greenhouse Soil Market Report Coverage
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2022: | US$ 6,063.8 Mn |
| Historical Data for: | 2017-2021 | Estimated Year: | 2023 |
| Forecast Period 2023 to 2030 CAGR: | 4.65% | Forecast Period: | 2023-2030 |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Major players operating in the global greenhouse soil market include Klasmann-Deilmann, ScottsMiracle-Gro., Sun Gro Horticulture, Premier Tech, ASB Greenworld, Florentaise, Lambert Peat Moss, Westland Horticulture, Michigan Peat Company, FoxFarmSoil & Fertilizer Company, Southeast Soils Peat Company Inc., and Espoma Organic. |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Figure 2. Global Greenhouse Soil Market Share (%), By Application, 2022
Based on application, greenhouse segment accounted for the largest revenue share of 45% in 2022 in the global greenhouse soil market. The segment is expected to witness significant growth over the forecast period as a result of growing trend for vertical and rooftop farming, coupled with reduced arable land for cultivation.
Recent Development:
On March 8, 2022 - AgTech Leader Netafim, a global leader of precision irrigation solutions and agricultural projects, announced that it has signed a definitive agreement to acquire Dutch turnkey greenhouse projects provider, Gakon.
On December 2022 - Signify world leader in lighting has completed the acquisition of Fluence from ams OSRAM. Fluence will operate with a separate go-to-market as an integrated business unit within Signify's agricultural lighting business in the Digital Solutions Division.
In 2022, Midstream Lighting is a leading manufacturer of LED Lighting technology & solutions has completed its acquisition of Hyperion Grow Lights. Midstream will retain the Hyperion brand as its horticulture offering; under the leadership of former Hyperion Managing Director Jonathan Barton.
In 2022, New Zealand-based Agri-tech company, Bluelab has acquired automation company Autogrow, as part of a global strategy to expand operations into new territories and increase its range of technology offerings to customers.
Major Players:
Major players operating in the global greenhouse soil market include Klasmann-Deilmann, ScottsMiracle-Gro., Sun Gro Horticulture, Premier Tech, ASB Greenworld, Florentaise, Lambert Peat Moss, Westland Horticulture, Michigan Peat Company, FoxFarmSoil & Fertilizer Company, Southeast Soils Peat Company Inc., and Espoma Organic.
Market Definition:
Greenhouse is a structure used for growing crops under fully or partially controlled environmental conditions, in order to get maximum output and optimum growth. Greenhouse soil is used for cultivation of crops in greenhouse farming. On the basis of product type, the greenhouse soil market is segregated into potting mix, garden soil, mulch, and top soil. Potting mixes is modified mixtures of soil, organic, and inorganic materials that are used for growing greenhouse plants.
Top soil is the top layer of the soil that is used in greenhouse cultivation, and it can be anywhere between 2 to 12 inches. It is used as a portion of mixture and is combined with other materials such as compost to improve aeration and water holding capacity of the potting soil. Potting mixes are used to start seeds, and are very light with higher water and air holding capacity. Top soil is rich in nutrients and minerals, microorganisms, and organic matter that helps in the growth of plants.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Key Industry Trends
- PEST Analysis
- Merger & Acquisition Scenario
- Key developments
- Global Greenhouse Soil Market, By Product Type, 2017-2030 (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Potting Mix
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Garden Soil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Mulch
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Top Soil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Global Greenhouse Soil Market, By Application, 2017-2030 (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Indoor Gardening
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Greenhouse
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Lawn & Landscaping
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Global Greenhouse Soil Market, By Region, 2017-2030 (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030(%)
- Y-o-Y Growth Analysis, For Region, 2017-2030
- North America
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- U.S.
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Canada
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Latin America
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- Brazil
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Mexico
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Argentina
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Rest of Latin America
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Europe
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- U.K.
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Germany
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- France
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Italy
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Spain
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Russia
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Netherlands
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- China
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- India
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Japan
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- ASEAN
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- South Korea
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Australia
- Country Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Rest of Asia Pacific
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Middle East & Africa
- Market Share Analysis, By Sub-region, 2023 and 2030(%)
- Y-o-Y Growth Analysis, By Sub-region, 2017-2030
- GCC
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Israel
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- North Africa
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Central Africa
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- South Africa
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Rest of Middle East & Africa
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017-2030(US$ Mn)
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Company Profiles
- Klasmann-Deilmann
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- ScottsMiracle-Gro
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Sun Gro Horticulture
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Premier Tech
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- ASB Greenworld
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Florentaise
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Lambert Peat Moss
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Westland Horticulture
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Michigan Peat Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- FoxFarmSoil & Fertilizer Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Southeast Soils Peat Company Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Espoma Organic
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 24 market data tables and 17 figures on "Greenhouse Soil Market - Global forecast to 2030”.
Detailed Segmentation:
- Global Greenhouse Soil Market, By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- Global Greenhouse Soil Market, By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Global Greenhouse Soil Market, By Region:
- North America
- U.S.
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Canada
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Latin America
- Brazil
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Mexico
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Argentina
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Rest of Latin America
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Europe
- U.K.
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Germany
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- France
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Italy
- By Product Type:
- Cut Flowers
- Pot Plants
- Cut Foliage
- Bedding Plants
- Others
- By Application:
- Indoor Gardening
- Greenhouse
- Spain
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Russia
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Netherlands
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Rest of Europe
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Asia Pacific
- China
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- India
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Japan
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- ASEAN
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- South Korea
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Australia
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Rest of Asia Pacific
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Middle East & Africa
- GCC
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Israel
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- North Africa
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Central Africa
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- South Africa
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping
- Rest of Middle East & Africa
- By Product Type:
- Potting Mix
- Garden Soil
- Mulch
- Top Soil
- By Application:
- Indoor Gardening
- Greenhouse
- Lawn & Landscaping