all report title image
  • Published On : Apr 2022
  • Code : CMI5005
  • Industry : Agrochemicals
  • Pages : 105
  • Formats :

Premium potting soil is a porous and it is utilized for root aeration and drainage but also capable of water and nutrient retention. Premium potting soil contains quality artificial mixes that generally contain slow release fertilizers, which take care of a plant's nutritional requirements for several months.

The global premium potting soils market was valued at US$ 1,598.4 Mn in 2020 and is expected to reach US$ 1,855.1 Mn by 2028, exhibiting a CAGR of 3.50% during the forecast period.

Drivers:

The increasing penetration of indoor gardening and greenhouse is expected to boost the demand for premium potting soil. The increasing popularity of home gardening and corporate landscaping for decorative purposes is expected to boost demand for premium potting soil. The COVID 19 epidemic increased the backyard gardens. The lockdown and work from home culture provided more time and energy for people to focus on their new hobby of cultivating indoor gardening. Additionally, growing lawn & garden management practices boosted the growth of the premium potting soil market.

Figure 1. Global Premium Potting Soils Market Revenue Share (%), By Region, 2020

Premium Potting Soils  | Coherent Market Insights

Among regions, North America held a dominant position in the global premium potting soils market in 2020, accounting for 38.0% market share in terms of revenue, followed by Europe and Asia Pacific. The growing adoption rate of home gardening, coupled with  increasing greenhouse cultivation in the U.S. and Canada is expected to boost the premium potting soil demand in this region. The presence of leading market players such as Scotts Miracle Gro, Sun Gro, and others is projected to boost the premium potting soil market growth during the forecast period.

CMI table icon

Premium Potting Soils Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 1,598.4 Mn
Historical Data for: 2017, 2018, and 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 3.50% 2028 Value Projection: US$ 1,855.1 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
  • Middle East : GCC Countries and Rest of Middle East  
  • Africa: North Africa, Central Africa, and South Africa
Segments covered:
  • By Product: All-purpose Potting Soil, Lawn and Garden Soil,  and Professional Potting Soil
  • By Application: Indoor Gardening, Greenhouse, Lawn & Landscaping
Companies covered:

Scotts Miracle-Gro, CreekSide, Sun Gro, ASB Greenworld, FoxFarm, Klasmann-Deilmann, Michigan Peat, Lambert, Vermicrop Organics, Espoma, Baccto, and Rexius

Growth Drivers:
  • Increasing practice of greenhouse planting
  • Increasing popularity of indoor gardening
Restraints & Challenges:
  • Less adoption rate of premium potting soil and growing usage of counterfeit products 

Market Restraints

Low adoption rate of home gardening, greenhouse and lawn landscaping in many underdeveloped countries, and increased use of counterfeit products is a major factor hindering growth of the global premium potting soils market. Moreover, lack of universal directives pertaining to manufacturing & applications of premium potting soils is expected to restrain the market growth during the forecast period. Every country has different directives for applications of premium potting soil.

Market Trends

Consumers are inclining towards premium potting soil, owing to growing online sales channel for buying premium potting soils. Benefits associated with the premium potting soils include increased microbial activity, rich source of calcium, nitrogen, and iron are some of the leading factors driving the growth of the global premium potting soil market. Moreover, companies operating in premium potting soil are focused on adopting aggressive marketing strategies to expand its market footprints along with enhancing customer base through developing new distribution channel is expected to drive growth of the premium potting soil market during the forecast period.

Figure 2. Global Premium Potting Soils Market Revenue Share (%), By Application, 2020

Premium Potting Soils  | Coherent Market Insights

Among application, indoor gardening segment held a dominant position in the global premium potting soils market, accounting for 48.0% market share, in 2020. Increasing disposable income and rapidly expanding construction industry is propelling the cultivation of indoor gardens in many developed and emerging countries such as U.S., Canada, Germany, Japan and India which in turn is driving the global premium potting soils market growth. For instance, according to the Global Building & Construction Association, China planned to spend US$ 13 Trillion on construction activities by 2030, which is expected to contribute the growth of indoor gardens. Thus, aforementioned factors are expected to boost the growth of premium potting soil market.

Global Premium Potting Soils Market - Impact of Coronavirus (Covid-19) Pandemic

The Covid-19 pandemic had a limited impact on premium potting soils market. Limited economic impacts were observed in the premium potting soils industry due to agility of producers, supply chain contributors and retailers, but also to the rapid and broad response by governments. According to OECD (Organization for Economic Co-operation and Development), close to 800 measures were undertaken by governments in 54 developed and emerging countries, aimed to avoid aggravating disruptions, provide relief to affected producers and consumers, or to bolster the recovery of affected production activities.

Premium potting soil is also known as potting mix or miracle soil. It is used to grow plants, herbs, and vegetables in a pot or other durable container. Premium potting soil is comprised of various ingredients such as sand, perlite,  grit (for improving drainage) and vermiculite. These mixes are designed to keep the soil from becoming too compacted, which can suffocate roots and impede the flow of water and nutrients, thus providing a healthy environment for potted plants to grow. 

Market Dynamics

Premium potting soil plays an important role in cultivation of plants. Potting soil with its rich nutrients contents promotes healthy plants vegetative growth. Premium potting soil  contains various nutritious ingredients such as sphagnum peat moss, rice hulls, and processed forest products such as aged or composted bark, manure, compost, bat guano, poultry litter, or earthworm casting. The use of these ingredients can minimize the time taken for the emergence of plant. Thus, aforementioned factors are expected to drive growth of the global premium potting soils market.

The growing demand for premium potting soil in both commercial and residential applications is expected to boost the adoption of premium potting soil during the forecast period. Moreover, many market players are focusing on partnership with native vegetable growers for developing health food products and this is expected to boost demand for premium potting soil. For instance, in 2018, FoxFarm Company, entered into a strategic partnership with Hydrofarm LLC., a U.S. based company, an independent wholesaler and manufacturer of hydroponics equipment and horticultural products. This partnership helped FoxFarm Company to increase their consumer base in the U.S.

Growing trend of home gardening is expected to boost demand for premium potting soil market. According to the U.S. Census Bureau statistics, the global garden retail sector witnessed a sales revenue increase of 8.6% since the spring of 2020, as a result of the popular home and garden trend. Additionally, bureau also states that the average sales revenue of global home gardening industry products had year-over-year growth of 4.62% in 2018. Two years later, in 2020, that annual growth rate nearly double to 8.79%. Thus, growing trend of home gardening is expected to boost demand for premium potting soil.  

Key features of the study:

  • This report provides an in-depth analysis of the global premium potting soils market, its market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global premium potting soils market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Scotts Miracle-Gro, CreekSide, Sun Gro, ASB Greenworld, FoxFarm, Klasmann-Deilmann, Michigan Peat, Lambert, Vermicrop Organics, Espoma, Baccto, and Rexius
  • Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global premium potting soils market report caters to various stakeholders in this industry including investors, suppliers, premium potting soils manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global premium potting soils market

Detailed Segmentation:

  • Global Premium Potting Soils Market, By Product:
    • All-purpose Potting Soil
    • Lawn and Garden Soil 
    • Professional Potting Soil
  • Global Premium Potting Soils Market, By Application :
    • Indoor Gardening
    • Greenhouse
    • Lawn & Landscaping
  • Global Premium Potting Soils Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Country:
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • South Korea
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Country:
        • GCC Countries
        • Rest of Middle East
    • Africa
      • By Country/Region:
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Scotts Miracle-Gro*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • CreekSide
    • Sun Gro
    • ASB Greenworld
    • FoxFarm
    • Klasmann-Deilmann
    • Michigan Peat
    • Lambert
    • Vermicrop Organics
    • Espoma
    • Baccto
    • Rexius

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global premium potting soils market is expected to surpass US$ 1,855.1 Mn by 2028 and is expected to exhibit a CAGR of 3.50% between 2021 and 2028.
Growing practice of indoor gardening and greenhouse are expected to drive the market growth during the forecast period.
Growing online sales channel for sailing premium potting soil is expected to boost demand for premium potting soils.
Low adoption rate of premium potting soil and increasing usage of counterfeit products are some of the major factors that are expected to hamper growth of the market over the forecast period.
Key players operating in the market include Scotts Miracle-Gro, CreekSide, Sun Gro, ASB Greenworld, FoxFarm, Klasmann-Deilmann, Michigan Peat, Lambert, Vermicrop Organics, Espoma, Baccto, and Rexius.
The market is estimated to be valued at US$ 1,643.53 Mn, in terms of revenue, in 2021.

Related Reports

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo