Sustainable Agriculture Is The Fastest Growing Segment Fueling The Growth Of Greenhouse Soil Market

 

The global Greenhouse Soil Market is estimated to be valued at US$ 6.35 Bn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Greenhouse soils are specially formulated soils that are rich in nutrients to help plants grow well under greenhouse conditions. They provide optimum drainage, aeration and water retention to support healthy plant growth. The controlled greenhouse environment relies on quality growing media to maximize yield.

Market key trends:

One of the major trends in the greenhouse soil market is the growing focus towards sustainable agriculture. There is an increasing demand for organic and natural growing media that do not contain synthetic fertilizers and other chemicals. Many key players are focusing on developing mineral-based and nutrient-rich greenhouse soils produced from renewable and recycled resources like coir, sphagnum peat moss, wood fibers, compost etc. These sustainable growing media have lower environmental impact and are better suited to support plant health in greenhouse cultivation. Their usage can help farmers follow green agricultural practices and meet the rising consumer demand for chemical-free produce.

Segment Analysis

The global greenhouse soil market is segmented by type, application, and region. Based on type, the market is divided into potting mix, garden soil, mulch, topsoil, and others. Among these, the potting mix segment dominates the market with largest share in 2023 as it helps in moisture retention and promotes plant growth. By application, the market is categorized into fruits & vegetables, flowers & ornamentals, and others. The fruits & vegetables segment held the largest share due to high demand for greenhouse crops like tomatoes and cucumbers.

Key Takeaways

The global greenhouse soil market is expected to witness high growth, exhibiting CAGR of 4.6% over the forecast period, due to increasing demand for greenhouse-grown crops owing to rising population and changing consumption patterns.

Regional analysis: Europe dominated the market in 2023 with largest share, followed by North America and Asia Pacific. Strong presence of greenhouse structures and advanced agricultural practices drive the European market. Asia Pacific is expected to witness fastest growth rate owing to growing focus on high-yield cultivation methods in emerging economies like China and India.

Key players: Key players operating in the greenhouse soil market are 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. Klasmann-Deilmann dominates the market with wide portfolio of soil improvers and growing media.

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