The North American greenhouse soil market size is expected to reach USD 433.64 million in 2024 and reach USD 5577.16 million by 2029, growing at a CAGR of 5.17% from 2024 to 2029.
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. 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 North America greenhouse soil market is 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.
.The North American region held the second major stake in the aggregate income of the Global Greenhouse Soil market in 2016 because of noteworthy growth in demand brought about by established distribution channels and supportive governmental policies.
The major players operating in the North America 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.
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