by The global Greenhouse Soil Market is estimated to be valued at US$ 6.35 Bn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Greenhouse soil is specially formulated soil blended with ingredients like peat moss, compost, perlite or vermiculite to provide nutrients and proper drainage for plants grown in greenhouse conditions. It helps in promoting healthy plant growth and high yields in a controlled environment.
Market key trends:
The rising adoption of hydroponics and controlled-environment agriculture is a key trend in the market. Hydroponics is a method of growing plants using mineral nutrient solutions in a water solvent, without soil. It is a soilless method that uses less water and space and provides high yields throughout the year. Several players are offering specialized greenhouse soils suitable for hydroponic cultivation to cater to the growing demand. For instance, Klasmann-Deilmann produces Substrate N and Substrat N Plus greenhouse soils formulated for hydroponic plant growth with optimal air porosity and water retention.
Market key trends:
One of the key trends in the greenhouse soil market is the growing demand for organic greenhouse soils. Organic farming is gaining popularity globally due to increasing consumer awareness about harmful effects of chemicals used in conventional farming. Several greenhouse farmers are opting for organic soil mixes for their crops to cater to this rising demand for organic produce. The organic soils contain vital nutrients for plant growth and also improve the soil quality and structure over time.
SWOT Analysis
Strength: Greenhouse soils provide optimal growing conditions for crops by controlling parameters like soil composition, moisture retention and drainage. This leads to higher crop yields.
Weakness: High initial investment is required for setting up greenhouses and procuring suitable soil mixes.
Opportunity: Growing organic farming trend provides opportunities to introduce innovative organic soil mixes. There is also scope for soil testing and consulting services for greenhouse farmers.
Threats: Fluctuations in raw material prices can increase input costs. Seasonal variations and climate change events pose production risks to greenhouse crops.
Key Takeaways
The global Greenhouse Soil Market is expected to witness high growth, exhibiting CAGR of 4.6% over the forecast period, due to increasing food demand from the growing global population.
The North America region dominates the greenhouse soil market currently due to large-scale vegetable production in greenhouses. Countries like U.S. and Canada have advanced greenhouse infrastructure and favorable climatic conditions for year-round cultivation.
Key players operating in the Greenhouse Soil market are Klasmann-Deilmann, ScottsMiracle-Gro., Sun Gro Horticulture, Premier Tech, ASB Greenworld, Florentaise, Lambert Peat Moss, Westland Horticulture, Michigan Peat Company, FoxFarmSoil & Fertilizer Company, Southeast Soils Peat Company Inc., and Espoma Organic. These players are focusing on developing innovative soil mixes tailored for various crop types and growing conditions.
