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Greenhouse Soil Market Was Valued at US$ 6,063.8 Million in 2022

Greenhouse Soil Market Was Valued at US$ 6,063.8 Million in 2022 - Coherent Market Insights

Publish In: Apr 03, 2023

The global Greenhouse Soil Market was valued at US$ 6,063.8 Million in 2022, according to Global Greenhouse Soil Market Report, 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)

The global greenhouse soil market is expected to reach US$ 8,726.0 Million by 2030, exhibiting a CAGR of 4.65% during the forecast period (2023-2030). The market is expected to witness significant growth over the forecast period, owing to increasing demand for greenhouse soil for various end-use applications such as gardening, lawn & landscaping, and indoor gardening. Greenhouse soil is used abundantly in modern homes and other indoor spaces such as residential buildings and offices. These spaces are inclined towards indoor gardening, owing to lack of outdoor space for crop plantation. Indoor greenhouse plantation can be done as a small scale plantation within the house or it can be done on a large scale in greenhouses. Demand for greenhouse soil from residential spaces is expected to increase during the forecast period, owing to increasing indoor gardening activities. Indoor gardening activity further allows hybridizers to isolate pollen and multiply plants from its cuttings. Moreover, increasing population and rapid urbanization is expected to boost demand for indoor vertical greenhouse plantation in forecast period. For instance, on March 16, 2023, The U.S. Census Bureau and the U.S. Department of Housing and Urban Development, jointly announced the following new residential construction statistics for February 2023, Privately‐owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,524,000.  This is 13.8 percent above the revised January 2022 rate of 1,339,000, but is 17.9 percent below the February 2022 rate of 1,857,000.  Single‐family authorizations in February were at a rate of 777,000; this is 7.6 percent above the revised January figure of 722,000.  Authorizations of units in buildings with five units or more were at a rate of 700,000 in February 2022.

To know the latest trends and insights prevalent in this market, click the link below:

Browse 24 market data tables* and 17 figures* on "Greenhouse Soil Market” - Global forecast to 2030. 

Key Takeaways of the Market:

  • On the basis of product type, the garden soil segment accounted for the largest revenue share and contributed over 35.4% of the revenue share in the global greenhouse soil market in 2022. Garden soil is usually pre-mixed soil, which is added to existing soil in flower beds or gardens. This type of soil is intended to be used with existing soil in the garden bed by mixing it with organic materials such as soilless potting mixes or peat moss, and compost to add nutrients to the garden bed.
  • Garden soil is a mixture of top soil and other materials and nutrients ideal for cultivating trees, shrubs, flowers, and fruits & vegetables gardens. Some common mixes are 50% compost & 50% soil, 75% compost & 25% soil, or 50% compost, 25% garden soil & 25% soilless potting medium. These mixtures help to retain the soil mixtures and deliver additional plant nutrients to the garden bed for optimum plant development.
  • 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.
  • Players operating in the greenhouse soil market are adopting strategies such as mergers & acquisitions, in order to expand their global presence, and increase revenue of the company. 

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