Global premium potting soil market set to grow to USD 2212.65 million by 2033

From GlobeNewswire: 2024-05-30 05:00:00

The Global Premium Potting Soil Market is set to grow from USD 1583.55 Million in 2023 to USD 2212.65 Million by 2033, with a 3.4% CAGR. Premium potting soil is essential for potted plant growth, offering fluffy, lightweight, and moisture-retaining properties. Gardening has seen a resurgence globally due to a shift towards healthier lifestyles and home-grown produce.

The soil without fertilizer segment is expected to dominate the premium potting soil market, catering to low-nutrient planting needs. All-purpose potting soil, with its versatile composition promoting healthy plant growth, is projected to hold a significant market share. Indoor gardening, a growing trend worldwide, is anticipated to drive market growth.

North America is poised to lead the global premium potting soil market, fueled by the increasing popularity of indoor planting and advanced agricultural technology adoption. Meanwhile, the Asia Pacific region is expected to exhibit the fastest CAGR growth, driven by changing attitudes towards organic farming. Key market players include Sun Gro, Scotts Miracle-Gro, and others.

Recent developments include Sun Gro’s acquisition of Pelemix’s US and Mexican businesses to enhance its horticultural solutions. The market is segmented by type, product, application, and region, offering comprehensive insights for industry stakeholders. Major vendors include The Scotts Miracle-Gro Company, ASB Greenworld, FoxFarm Soil & Fertilizer Company, and more.



Read more at GlobeNewswire: Global Premium Potting Soil Market Size To Exceed USD