Professional Potting Soil Market
Professional Potting Soil Market Forecasts to 2028 - Global Analysis By Product Type (All-purpose Potting Soil, Lawn and Garden Soil and Professional Potting Soil), Type (Soil Without Fertilizer and Soil With Fertilizer), Application (Indoor Gardening, Greenhouse, Lawn & Landscaping and Other Applications) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $3.2 BN |
|
Projected Year Value (2028) |
US $4.9 BN |
|
CAGR (2022 - 2028) |
7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Europe |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Professional Potting Soil Market is accounted for $3.2 billion in 2022 and is expected to reach $4.9 billion by 2028 growing at a CAGR of 7% during the forecast period. Professional potting soil is a specialized kind of soil used for growing plants in containers. It can support healthy plant growth in confined spaces because it contains more nutrients and organic matter than typical garden soil. Additionally, it is pH-neutral, so when used according to instructions, it won't hurt or damage plant roots. The quality and successful production of the plant are significantly influenced by the potting soil. Plant vegetative growth and delayed maturity can be encouraged by potting soil that is rich in nutrients. In addition, using high-quality potting soil can speed up plant emergence. Due to these factors, the demand for potting soil is expected to rise in the coming years.
According to the report by Oxford Economics, in the UK, the landscaping industry and ornamental horticulture have the potential to raise their direct, indirect, and induced contribution to the country’s GDP from USD 37.50 billion in 2019 to USD 50.14 billion in 2030.
Market Dynamics:
Driver:
Increasing adoption of indoor gardening and corporate landscaping
Demand for premium potting soil is anticipated to increase due to the rising popularity of indoor gardening, home gardening, and corporate landscaping for decorative purposes. Backyard gardens increased as a result of the COVID-19 epidemic. People had more time and energy to devote to cultivating indoor gardens as a result of the lockdown and the culture of remote work.
Restraint:
Lack of knowledge associated with gardening and farming
Despite a promising outlook for the professional potting soil market, the lack of widespread knowledge about the advantages of potting soil is hindering market expansion. Many consumers choose low-cost, lower-quality potting soil options, which reduce yield and plant health and make plants more vulnerable to pests and diseases. However, as indoor gardening becomes more popular, people are becoming more knowledgeable about potting soils, which will foster the industry's outlook.
Opportunity:
Rising popularity of commercial farming
Due to the growing popularity of commercial farming will results in economic expansion. Commercial farmers prefer premium potting soil that contains organic matter, minerals, and other ingredients to promote soil growth. Global commercial farming practices are being fueled by strong efforts to improve food safety and quality, which is driving the demand for professional potting soil.
Threat:
Increased use of counterfeit products and stringent regulations
A significant factor impeding the growth of the global premium potting soil market is the low adoption rate of home gardening, greenhouses, and lawn landscaping in many underdeveloped countries, as well as the rise in the use of counterfeit goods. Additionally, the absence of global regulations governing the production and use of premium potting soils is anticipated to impede market growth.
Covid-19 Impact
The COVID-19 pandemic had a conflicting effect on the professional potting soil market. More people staying at home and engaging in gardening as a hobby resulted in a rise in the demand for potting soil. In the meantime, the broken supply chain and scarcity of the raw materials needed to make professional potting soil drove up product prices and had a negative impact on some regions' business expansion. However, growing consumer interest in gardening and horticulture as well as increased consumer awareness is helping the industry advance during this period.
The indoor gardening segment is expected to be the largest during the forecast period
By accounting for 48.0% of the worldwide market share in 2020, the indoor gardening segment held a commanding position and is anticipated to be dominant during the anticipated timeline. In many developed and developing nations, including the U.S., Canada, Germany, Japan, and India, the cultivation of indoor gardens is being fueled by rising disposable income and a rapidly growing construction industry. This is in turn fueling the growth of the global premium potting soil market.
The all-purpose potting soil segment is expected to have the highest CAGR during the forecast period
All-purpose potting soil is anticipated to witness significant growth in the forecast period. The widespread use of all-purpose potting soil for indoor and outdoor container gardens, potted herbs, and vegetables is driving the market expansion for this product. Moreover, there is a growing demand for professional soil that is suitable for hanging baskets, ornamental plants, garden plants, and houseplants. Additionally, the sale of professional soil is expected to increase due to the growing popularity of ornamental plants and the high profits they generate for growers of such high-value crops.
Region with largest share:
Europe held the largest market share, and it is anticipated that it will continue to dominate during the forecast period. With urban gardening becoming a global trend, there is a high demand for urban food production. There is an increase in the number of people starting gardens in urban areas. This is a significant part of city development plans, as seen in Germany. In the future, more people are anticipated to reside in urban and metropolitan areas. Growing consumer awareness of the life cycles of natural resources and their unsustainable exploitation may lead to alterations in consumer behavior that help to protect the environment and slow down climate change, which spurs market expansion in this region.
Region with highest CAGR:
Due to the region's significant shift toward organic and sustainable gardening techniques, as well as the expanding trends of urban gardening and cannabis cultivation, particularly in the United States, the North American region is projected to exhibit the highest growth rate over the prediction timeframe. Moreover, supportive government policies are promoting regional development. The Federal Seed Act in the US controls the purity and labeling of seeds, including those used in potting soil, which also increases demand for the product.
Key players in the market
Some of the key players profiled in the Professional Potting Soil Market include ASB Greenworld, Baccto, C&C Peat, Compo, Espoma, Florentaise, FoxFarm, Free Peat, Good Earth Horticulture, Hyponex, Klasmann-Deilmann, Matécsa Kft, Michigan Peat, Rexius, Scotts Miracle-Gro, Sun Gro and Vermicrop Organics.
Key Developments:
In November 2022, Klasmann-Deilmann, an international growing media firm, and Substrate Manufacturers, Maan Biobased Products, signed an Environmental Impact of Potting Soil and Substrate Manufacturers Netherlands pact and launched Nygaia, a sustainable substrate in April 2023.
In October 2022, Sun Gro, a horticulture solutions provider, announced the acquisition of Pelemix’s Mexico and U.S. operations. With this acquisition, the company collaborated with Pelemix for its high-quality coir and the expansion of its growing media offerings.
Product Types Covered:
• All-purpose Potting Soil
• Lawn and Garden Soil
• Professional Potting Soil
Types Covered:
• Soil Without Fertilizer
• Soil With Fertilizer
Applications Covered:
• Indoor Gardening
• Greenhouse
• Lawn & Landscaping
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Professional Potting Soil Market, By Product Type
5.1 Introduction
5.2 All-purpose Potting Soil
5.3 Lawn and Garden Soil
5.4 Professional Potting Soil
6 Global Professional Potting Soil Market, By Type
6.1 Introduction
6.2 Soil Without Fertilizer
6.3 Soil With Fertilizer
7 Global Professional Potting Soil Market, By Application
7.1 Introduction
7.2 Indoor Gardening
7.3 Greenhouse
7.4 Lawn & Landscaping
7.5 Other Applications
8 Global Professional Potting Soil Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 ASB Greenworld
10.2 Baccto
10.3 C&C Peat
10.4 Compo
10.5 Espoma
10.6 Florentaise
10.7 FoxFarm
10.8 Free Peat
10.9 Good Earth Horticulture
10.10 Hyponex
10.11 Klasmann-Deilmann
10.12 Matécsa Kft
10.13 Michigan Peat
10.14 Rexius
10.15 Scotts Miracle-Gro
10.16 Sun Gro
10.17 Vermicrop Organics
List of Tables
1 Global Professional Potting Soil Market Outlook, By Region (2020-2028) ($MN)
2 Global Professional Potting Soil Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Professional Potting Soil Market Outlook, By All-purpose Potting Soil (2020-2028) ($MN)
4 Global Professional Potting Soil Market Outlook, By Lawn and Garden Soil (2020-2028) ($MN)
5 Global Professional Potting Soil Market Outlook, By Professional Potting Soil (2020-2028) ($MN)
6 Global Professional Potting Soil Market Outlook, By Type (2020-2028) ($MN)
7 Global Professional Potting Soil Market Outlook, By Soil Without Fertilizer (2020-2028) ($MN)
8 Global Professional Potting Soil Market Outlook, By Soil With Fertilizer (2020-2028) ($MN)
9 Global Professional Potting Soil Market Outlook, By Application (2020-2028) ($MN)
10 Global Professional Potting Soil Market Outlook, By Indoor Gardening (2020-2028) ($MN)
11 Global Professional Potting Soil Market Outlook, By Greenhouse (2020-2028) ($MN)
12 Global Professional Potting Soil Market Outlook, By Lawn & Landscaping (2020-2028) ($MN)
13 Global Professional Potting Soil Market Outlook, By Other Applications (2020-2028) ($MN)
14 North America Professional Potting Soil Market Outlook, By Country (2020-2028) ($MN)
15 North America Professional Potting Soil Market Outlook, By Product Type (2020-2028) ($MN)
16 North America Professional Potting Soil Market Outlook, By All-purpose Potting Soil (2020-2028) ($MN)
17 North America Professional Potting Soil Market Outlook, By Lawn and Garden Soil (2020-2028) ($MN)
18 North America Professional Potting Soil Market Outlook, By Professional Potting Soil (2020-2028) ($MN)
19 North America Professional Potting Soil Market Outlook, By Type (2020-2028) ($MN)
20 North America Professional Potting Soil Market Outlook, By Soil Without Fertilizer (2020-2028) ($MN)
21 North America Professional Potting Soil Market Outlook, By Soil With Fertilizer (2020-2028) ($MN)
22 North America Professional Potting Soil Market Outlook, By Application (2020-2028) ($MN)
23 North America Professional Potting Soil Market Outlook, By Indoor Gardening (2020-2028) ($MN)
24 North America Professional Potting Soil Market Outlook, By Greenhouse (2020-2028) ($MN)
25 North America Professional Potting Soil Market Outlook, By Lawn & Landscaping (2020-2028) ($MN)
26 North America Professional Potting Soil Market Outlook, By Other Applications (2020-2028) ($MN)
27 Europe Professional Potting Soil Market Outlook, By Country (2020-2028) ($MN)
28 Europe Professional Potting Soil Market Outlook, By Product Type (2020-2028) ($MN)
29 Europe Professional Potting Soil Market Outlook, By All-purpose Potting Soil (2020-2028) ($MN)
30 Europe Professional Potting Soil Market Outlook, By Lawn and Garden Soil (2020-2028) ($MN)
31 Europe Professional Potting Soil Market Outlook, By Professional Potting Soil (2020-2028) ($MN)
32 Europe Professional Potting Soil Market Outlook, By Type (2020-2028) ($MN)
33 Europe Professional Potting Soil Market Outlook, By Soil Without Fertilizer (2020-2028) ($MN)
34 Europe Professional Potting Soil Market Outlook, By Soil With Fertilizer (2020-2028) ($MN)
35 Europe Professional Potting Soil Market Outlook, By Application (2020-2028) ($MN)
36 Europe Professional Potting Soil Market Outlook, By Indoor Gardening (2020-2028) ($MN)
37 Europe Professional Potting Soil Market Outlook, By Greenhouse (2020-2028) ($MN)
38 Europe Professional Potting Soil Market Outlook, By Lawn & Landscaping (2020-2028) ($MN)
39 Europe Professional Potting Soil Market Outlook, By Other Applications (2020-2028) ($MN)
40 Asia Pacific Professional Potting Soil Market Outlook, By Country (2020-2028) ($MN)
41 Asia Pacific Professional Potting Soil Market Outlook, By Product Type (2020-2028) ($MN)
42 Asia Pacific Professional Potting Soil Market Outlook, By All-purpose Potting Soil (2020-2028) ($MN)
43 Asia Pacific Professional Potting Soil Market Outlook, By Lawn and Garden Soil (2020-2028) ($MN)
44 Asia Pacific Professional Potting Soil Market Outlook, By Professional Potting Soil (2020-2028) ($MN)
45 Asia Pacific Professional Potting Soil Market Outlook, By Type (2020-2028) ($MN)
46 Asia Pacific Professional Potting Soil Market Outlook, By Soil Without Fertilizer (2020-2028) ($MN)
47 Asia Pacific Professional Potting Soil Market Outlook, By Soil With Fertilizer (2020-2028) ($MN)
48 Asia Pacific Professional Potting Soil Market Outlook, By Application (2020-2028) ($MN)
49 Asia Pacific Professional Potting Soil Market Outlook, By Indoor Gardening (2020-2028) ($MN)
50 Asia Pacific Professional Potting Soil Market Outlook, By Greenhouse (2020-2028) ($MN)
51 Asia Pacific Professional Potting Soil Market Outlook, By Lawn & Landscaping (2020-2028) ($MN)
52 Asia Pacific Professional Potting Soil Market Outlook, By Other Applications (2020-2028) ($MN)
53 South America Professional Potting Soil Market Outlook, By Country (2020-2028) ($MN)
54 South America Professional Potting Soil Market Outlook, By Product Type (2020-2028) ($MN)
55 South America Professional Potting Soil Market Outlook, By All-purpose Potting Soil (2020-2028) ($MN)
56 South America Professional Potting Soil Market Outlook, By Lawn and Garden Soil (2020-2028) ($MN)
57 South America Professional Potting Soil Market Outlook, By Professional Potting Soil (2020-2028) ($MN)
58 South America Professional Potting Soil Market Outlook, By Type (2020-2028) ($MN)
59 South America Professional Potting Soil Market Outlook, By Soil Without Fertilizer (2020-2028) ($MN)
60 South America Professional Potting Soil Market Outlook, By Soil With Fertilizer (2020-2028) ($MN)
61 South America Professional Potting Soil Market Outlook, By Application (2020-2028) ($MN)
62 South America Professional Potting Soil Market Outlook, By Indoor Gardening (2020-2028) ($MN)
63 South America Professional Potting Soil Market Outlook, By Greenhouse (2020-2028) ($MN)
64 South America Professional Potting Soil Market Outlook, By Lawn & Landscaping (2020-2028) ($MN)
65 South America Professional Potting Soil Market Outlook, By Other Applications (2020-2028) ($MN)
66 Middle East & Africa Professional Potting Soil Market Outlook, By Country (2020-2028) ($MN)
67 Middle East & Africa Professional Potting Soil Market Outlook, By Product Type (2020-2028) ($MN)
68 Middle East & Africa Professional Potting Soil Market Outlook, By All-purpose Potting Soil (2020-2028) ($MN)
69 Middle East & Africa Professional Potting Soil Market Outlook, By Lawn and Garden Soil (2020-2028) ($MN)
70 Middle East & Africa Professional Potting Soil Market Outlook, By Professional Potting Soil (2020-2028) ($MN)
71 Middle East & Africa Professional Potting Soil Market Outlook, By Type (2020-2028) ($MN)
72 Middle East & Africa Professional Potting Soil Market Outlook, By Soil Without Fertilizer (2020-2028) ($MN)
73 Middle East & Africa Professional Potting Soil Market Outlook, By Soil With Fertilizer (2020-2028) ($MN)
74 Middle East & Africa Professional Potting Soil Market Outlook, By Application (2020-2028) ($MN)
75 Middle East & Africa Professional Potting Soil Market Outlook, By Indoor Gardening (2020-2028) ($MN)
76 Middle East & Africa Professional Potting Soil Market Outlook, By Greenhouse (2020-2028) ($MN)
77 Middle East & Africa Professional Potting Soil Market Outlook, By Lawn & Landscaping (2020-2028) ($MN)
78 Middle East & Africa Professional Potting Soil Market Outlook, By Other Applications (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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