The global greenhouse soil market was valued at USD 4087.65 million in 2023 and is anticipated to reach USD 4295.46 million in 2024 from USD 6394 million by 2032, growing at a CAGR of 5.10% from 2024 to 2032.
Greenhouse soil is a medium to provide for the growth of plants, herbs, and vegetables in a greenhouse environment. The common ingredients used in greenhouse soil are peat, sand, perlite, composted bark, and recycled mushroom compost. A variety of other ingredients are also used and their proportions vary across a broad spectrum.
The purpose of greenhouse soil is to provide crops with the necessary nutrient requirements. A greenhouse makes it possible to grow certain types of crops year-round, and fruits, tobacco plants, vegetables, and flowers are what a greenhouse most commonly grows.
The growth of the greenhouse soil market is majorly driven by the rise in the adoption of greenhouses, owing to rapid innovation in technology and rising disposable incomes of people willing to invest in farming. Technological innovations have further helped in lowering the costs of necessary Soil which aids in increasing the feasibility of owning a greenhouse. The adoption of greenhouse adoption technologies and encouragement from governments also act as drivers of market growth.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2032 |
Base Year |
2023 |
Forecast Period |
2024 to 2032 |
CAGR |
5.10% |
Segments Covered |
By Type, Application and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Scotts Miracle-Gro, Sun Gro, Klasmann-Deilmann, Premier Tech, Compo, ASB Greenworld, Bord na Móna, Florentaise, Lambert, FoxFarm, Westland Horticulture, Matécsa Kft, Espoma, Hangzhou Jinhai, Michigan Peat, C&C Peat, Good Earth Horticulture, Free Peat, and Vermicrop Organics and Others. |
In 2015, Europe led the global greenhouse soil market in terms of market share, owing to the beginning of greenhouse culture in Europe because of favorable climate conditions. The market for this greenhouse soil in the Asia-Pacific area is amplifying because of more supportive government policies and increasing demand for greenhouses. The Asia-Pacific and other rising nations are foreseen to develop at a quick pace in the greenhouse soil market in the following years when compared with the seasoned markets of developed regions.
The major players operating in the global greenhouse soil industry include Scotts Miracle-Gro, Sun Gro, Klasmann-Deilmann, Premier Tech, Compo, ASB Greenworld, Bord na Móna, Florentaise, Lambert, FoxFarm, Westland Horticulture, Matécsa Kft, Espoma, Hangzhou Jinhai, Michigan Peat, C&C Peat, Good Earth Horticulture, Free Peat, and Vermicrop Organics.
By Type
By Application
By Region
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