StrategyR’s new study shows a global garden soil market of $ 3.9 billion by 2026

SAN FRANCISCO, October 8, 2021 / PRNewswire / – A new market survey from Global Industry Analysts Inc. (GIA), the leading market research firm, today released its report entitled “Garden Soil – Global Market Trajectory & Analytics”. The report offers new perspectives on opportunities and challenges in a strongly changed market after COVID-19.

Global market for garden soil

Edition: 5; Published: September 2021
Executive pool: 866
Companies: 69 – Players Covered include ASB Greenworld; Bord na Mona; C&C peat; Coppo; Espoma; Florentaise; FoxFarm; Free peat; Good earth horticulture; Hangzhou-Jinhai; Klasmann-Deilmann; Lambert; Matecsa Kft; Michigan peat; Premier tech; Scott’s Wonder Gro; Sun Gro; Vermicrop organics; Westland Horticulture and Others.
Coverage: All major regions and key segments
Segments: Application (cultivation, lawns, commercial development, sports fields, green areas, other applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and rest Europe); Asia Pacific (Australia; India; South Korea; and rest Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest middle East); and Africa.

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Reaching Global Garden Soil Market $ 3.9 billion by 2026
Garden Soil contains a mixture of mother earth and other nutrients and materials that allow all plants to reach their full potential. Garden soil can also be mixed with existing soils or with other organic materials such as soilless potting soil, peat moss or compost in various proportions. The growth of the world market is due to the increasing demand for organic products, the popularity of urban farming practices, the growth of the world population, the increasing demand for garden and lawn consumables, the popularity of urban farming methods, the increasing demand for green spaces and the growth of urban and controlled agriculture. The growth in the horticultural market is also one of the growth drivers in the land market. Large agricultural companies also want to maintain and secure their market shares in order to boost demand for garden soil. With its popularity in environmental issues, government regulators are increasing the demand for garden soil. Some of the limiting factors in the market are a lack of awareness of garden soil products, resulting in lower market penetration.

In the midst of the COVID-19 crisis, the world market for garden soil is estimated at $ 2.7 billion in 2020 is expected to reach a revised size of $ 3.9 billion until 2026 with a CAGR of 6.3% in the analysis period. Cultivation, one of the segments analyzed in the report, is expected to grow 7.4% CAGR to reach $ 1 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis caused, the growth in the lawn segment will be adjusted to a revised CAGR of 6.6% for the next 7-year period. This segment currently accounts for 23.9% of the global garden soil market. The market for growing applications is being driven by the increasing need for organic farming methods that use soil mixes and mixtures. In addition, there is a growing demand for controlled farming and urban farming practices around the world, which has fueled the market for garden soils in both lawn and cultivation applications.

The US market is estimated at $ 1.1 billion in 2021, while China is expected to reach $ 471.7 million by 2026
The garden soil market in the US is valued at $ 1.1 billion in 2021. The country currently has a 37.45% share of the world market. China, the second largest economy in the world, is expected to have an estimated market size of. reach $ 471.7 million in 2026 with a CAGR of 8.6% over the analysis period. Other notable geographic markets include Japan and Canada, which will grow by 4.8% and 5.8% respectively over the analysis period. Within Europe, Germany is expected to grow by around 4.8% CAGR while reaching the rest of the European market (as defined in the study) $ 508.2 million until the end of the analysis period. Organic farming, lawn care, use of modern techniques, improved yield, productivity and quality are some of the factors that contribute to growth in North America Region.

Reaching commercial development segment $ 711.5 million by 2026
The commercial use of potting soil is likely to have a significant share in the world market; the increased practice of greenhouse planting is expected to further improve the commercial exploitation of potting soil. The increased application and use of potting soil for commercial purposes is promoted by the availability and accessibility of plant-specific soil. In the global Commercial Development segment United States of America, Canada, Japan, China and Europe will drive the estimated CAGR of 5.7% for this segment. These regional markets make a combined market size of $ 409.1 million in 2020 a forecast size of $ 600.7 million until the end of the analysis period. China will be one of the fastest growing in this cluster of regional markets. Led by countries like Australia, India, and South Korea, the market in Asia Pacific is expected to be achieved $ 65 million until 2026 while Latin America will grow with a CAGR of 7.5% over the analysis period. More

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About Global Industry Analysts, Inc. & StrategyR
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Zak Ali
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Global Industry Analysts, Inc.
Phone: 1-408-528-9966

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SOURCE Global Industry Analysts, Inc.

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