The global greenhouse soil market
was valued at US$ 5,160.5 Mn in 2018, 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) published by
The global greenhouse soil market is expected to reach US$ 7,180.5 Mn by 2027, exhibiting a CAGR of 3.8% during the forecast period (2019-2027). 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. For instance, in May 2019, according to the U.S. Department of Housing and Urban Development, in the U.S., the total number of new residential housing completions was 1,213,000 and 1,294,000 building permits were sanctioned.
Therefore, increasing urban population and urban development is expected to boost demand for indoor greenhouse plantations, thereby driving growth of the market during the forecast period.
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Browse 24 market data tables* and 17 figures* on "Greenhouse Soil Market” - Global forecast to 2027.
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 2018. 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.
- Payers 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. For instance, in January 2019, Premier Tech acquired TerreauxSTAR, a France-based potting soil manufacturer. This acquisition is expected to help Premier Tech to strengthen its potting soil market in France.