Premium potting soils are soil-less growing media specially formulated for container gardening and houseplants. They are lightweight, have excellent drainage and water retention capabilities, and provide optimum nutrients for plant growth. Premium potting soils help create ideal conditions for various indoor and outdoor plants by acting as porous, fertile foundations.
The global Premium Potting Soils Market is estimated to be valued at Us$ 1772.17 Mn in 2023 and is expected to exhibit a CAGR Of 3.5% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the premium potting soils market has been accelerated by the rising demand for sustainable urban farming practices. With urban populations increasing worldwide, urban farming using potting soils has gained popularity as it allows growing food within the confines of cities. Premium potting soils play a vital role in urban agriculture by facilitating plant growth in small outdoor and indoor spaces with optimal drainage and nutrients. As concerns over environmental protection and sustainability increase, premium potting soils promote responsible urban living through localized food production with minimal carbon footprint.
Segment Analysis
The global premium potting soils market is dominated by the organic segment due to the increasing consumer preference for organic products. Organic premium potting soils are produced using organic ingredients and natural fertilizers without the use of any chemicals. They ensure healthy growth of plants and are environment friendly. Due to rising health and sustainability concerns, the demand for organic potting soils is increasing at a significant rate compared to conventional potting soils.
Key Takeaways
The Global Premium Potting Soils Market Demand is expected to witness high growth during the forecast period of 2023 to 2030 driven by the growing demand from professional landscapers and home gardeners.
Regional analysis:
North America currently holds the largest share in the premium potting soils market owing to increasing gardening and landscaping activities in countries like the US and Canada. The market in Asia Pacific is projected to grow at the fastest pace during the forecast period with China and India emerging as highly lucrative countries. Increasing disposable income and growing passion for gardening are some of the factors propelling the demand for premium potting soils in Asia Pacific.
Key players:
Key players operating in the premium potting soils market are Scotts Miracle-Gro, CreekSide, Sun Gro, ASB Greenworld, FoxFarm, Klasmann-Deilmann, Michigan Peat, Lambert, Vermicrop Organics, Espoma, Baccto, and Rexius. Scotts Miracle-Gro leads the market with its popular brands like Miracle-Gro and Scotts Organic Choice. It offers a wide variety of potting mixes suitable for different crops and gardening needs. CreekSide and Sun Gro are other prominent brands known for their organic premium soils made from natural ingredients.
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