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. To know the latest trends and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/market-insight/greenhouse-soil-market-3053 Browse 24 market data tables* and 17 figures* on "Greenhouse Soil Market” - Global forecast to 2027. Key Takeaways of the Market:
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