Global Greenhouse Soil Market By Component (Peat Moss, Aged Bark, Coco Husk Chips, Rockwool, and Others), Type (Garden Soil, Potting Mix, Mulch, Topsoil, and Others), Application (Greenhouse, Lawn & Landscaping, Indoor Gardening, and Others) and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2030
Market Perspective
The global Greenhouse Soil Market was valued at USD 3.88 billion in 2022 and is projected to reach USD 5.75 billion by 2030, growing at a CAGR of 5.15% from 2023 to 2030.
The greenhouse soil market encompasses a diverse range of soil types tailored for optimal plant growth in controlled environments. Various soil compositions cater to specific needs, such as peat-based mixes, coco coir, perlite blends, and specialized organic or synthetic formulations. Peat-based soil, renowned for its richness in pH properties and suitability for plants requiring an acidic environment, dominated the market owing to its proven effectiveness in supporting healthy plant growth. Coco coir, derived from coconut husks, gained significant traction due to its sustainability, excellent water retention, and aeration properties, making it suitable for a wide range of crops in greenhouse settings.
These soil types find applications in controlled environment agriculture, urban farming, and vertical gardening, where specific soil compositions meet the demands of plants in confined spaces. Major factors driving the growth of the market include technological advancements in soil science, a shift toward sustainable agricultural practices, global food security concerns, and the implementation of environmental regulations promoting soil health and fertility in greenhouse settings. In the global economy, agriculture holds the position of the largest industry, employing over one billion individuals and generating a staggering $1.3 trillion in annual food production. Furthermore, roughly half of Earth's habitable land is dedicated to pasture and cropland, which serve as crucial habitats and sources of sustenance for numerous species.
Key Insights
- Based on components, the coco husk chips segment is anticipated to grow at the highest CAGR of 7.60% over the forecast period
- Based on type, the garden soil segment garnered the highest revenue of USD 1.43 billion in 2022
- Based on application, the greenhouse segment acquired the largest market share of 6.61% in 2022
- On the basis of region, Europe accounted for the largest market share of 37.12% in 2022
Rise of Sustainable Farming Practices Drive Greenhouse Soil Market Growth
The upsurge in sustainable farming practices serves as a pivotal factor in propelling the growth of the market. As consumer demand shifts toward environmentally conscious and organic solutions, manufacturers are offering innovative soil blends. This trend toward sustainability is fostering a surge in the development and adoption of eco-friendly greenhouse soil compositions. As a result, the market is experiencing notable expansion due to increased demand for soil solutions that promote healthier plant growth in controlled environments. This trend aligns with the growing global emphasis on sustainable agricultural practices.
High Costs of Raw Materials Impact Greenhouse Soil Market Growth
The high costs of raw materials are significantly impacting the growth trajectory of the greenhouse soil market. The substantial capital and operational expenses associated with greenhouse activities pose a notable hindrance to market development. These costs include recurrent investments in disease and pest prevention measures, which are especially burdensome for new entrants in developing regions with limited capital. Such financial constraints impede market entry and can decelerate overall market expansion. The necessity for consistent expenditure on precautionary measures serves as a significant barrier, deterring some companies from actively participating in the market and potentially impeding overall industry growth.
Segmentation Analysis
Based on components, the market is categorized into peat moss, aged bark, coco husk chips, rockwool, and others. The peat moss segment dominated the market with a significant share of 36.72% in 2022, mainly attributable to its rich pH properties, which cater to plants requiring an acidic environment for optimal growth. Peat moss is highly effective in supporting the cultivation of a variety of plants within greenhouse environments. Its ability to provide the required acidic supply through the soil, combined with its proven track record of supporting healthy plant growth, led to its significant market share in 2022.
Based on type, the market is categorized into garden soil, potting mix, mulch, topsoil, and others. The mulch segment is expected to witness the highest growth, registering a CAGR of 7.00% over the estimated timeframe, primarily driven by its multifaceted benefits in enhancing soil fertility and moisture retention. Mulch aids in preventing weed growth, maintaining soil temperature, and promoting healthier root systems. Its versatility and eco-friendly nature, combined with its ability to improve overall soil quality, are expected to drive its rapid growth within the greenhouse soil market.
Based on application, the market is categorized into greenhouse, lawn & landscaping, indoor gardening, and others. The greenhouse segment generated the highest valuation of USD 1.68 billion in 2022 due to the escalating adoption of controlled environment agriculture. This trend has been fueled by the increasing demand for high-quality and consistent crop yields in confined spaces. Greenhouses offer a controlled and protected environment where variables such as temperature, humidity, and light can be regulated, ensuring optimal conditions for plant growth. The surge in greenhouse setups, especially in regions facing challenges with limited arable land, has significantly contributed to market growth. The ability of greenhouse structures to provide an ideal environment for plant cultivation has led to their widespread use, thereby further boosting the segment's market valuation.
Europe Dominated the Greenhouse Soil Market Owing to Technological Advancements and Controlled Agriculture
Europe emerged as the dominant region in the greenhouse soil market in 2022, boasting the highest valuation of USD 1.44 billion, primarily attributed to the region's continuous technological advancements in agriculture and controlled environment techniques. The implementation of sophisticated soil science and technology, along with the utilization of advanced greenhouse setups, facilitated an environment where plants could thrive optimally. European countries, such as the Netherlands and Spain, have been at the forefront of controlled environment agriculture, investing significantly in research and innovation. These advancements, coupled with a strong emphasis on sustainable agricultural practices, have propelled Europe to the forefront of the greenhouse soil market, resulting in remarkable growth and fostering innovation within the industry.
North America to Experience Strong Growth, Driven by Urban Farming and Sustainable Practices
North America is likely to grow at a robust CAGR of 5.08% through the projection period. This growth is primarily driven by the expanding trends in urban farming and a substantial shift toward sustainable agricultural practices. The region has been witnessing a surge in controlled environment agriculture and vertical farming setups, especially in urban areas, where space is limited. Consumers' increasing preference for organic produce has led to a higher demand for organic greenhouse soil blends, thereby promoting healthier plant growth. Additionally, the implementation of environmentally friendly practices and the adoption of advanced soil compositions in the region have contributed to North America's remarkable growth trajectory within the greenhouse soil market.
Competitive Landscape
The global greenhouse soil market is fragmented with key players such as Agra Tech, Inc., ASB Grünland Helmut Aurenz GmbH, Florentaise, FoxFarm Soil & Fertilizer Co., Garden Health, Good Earth, Klasmann-Deilmann GmbH, Luiten Greenhouses, Michigan Peat Company, and ScottsMiracle-Gro, among others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product launches, and collaborations to expand their business globally and enhance their competitive position.
The global Greenhouse Soil Market is segmented as follows:
By Component
- Peat Moss
- Aged Bark
- Coco Husk Chips
- Rockwool
- Others
By Type
- Garden Soil
- Potting Mix
- Mulch
- Topsoil
- Others
By Application
- Greenhouse
- Lawn & Landscaping
- Indoor Gardening
- Others
By Region
- North America
- S.
- Canada
- Mexico
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Global Greenhouse Soil Market By Component
- April-2024
- 148
- Global
- agritech
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