Global Manufactured Soil Market - 2023-2030

Overview

Global Manufactured Soil Market reached US$ 7.9 billion in 2022 and is expected to reach US$ 13.4 billion by 2030, growing with a CAGR of 6.9% during the forecast period 2023-2030.

The use of potted vegetation for indoor and exterior redecorating is turning into an increasing number of stylish. Manufactured soil is right for potted flowers as it includes the precise stability of vitamins and moisture. For instance, in 2021, the average British household spent €306.71 per year on houseplants. In addition, 35% of British citizens bought a houseplant, increasing demand for manufactured soil for housing plants during the forecast period.

In addition, the manufactured soil market is growing due to the expanded call for horticulture and landscaping farms. According to the Department of Agriculture and Farmers Welfare, Indian horticulture sales for around 33% of agricultural GVA, making a huge contribution to the Indian economy. India currently produces approximately 320.48 million tonnes of horticulture output, which has overtaken meal grain manufacturing, albeit on a considerably smaller scale (25.66 million Ha. For horticulture as opposed to 127.6 M. Ha. For meal grains).

Moreover, the growing desire for organic farming and horticulture, as well as government promotion and assistance, have spurred the use of soil blends. Furthermore, the growing worldwide population, the increasing demand to improve yield and productivity, and the shift towards modern farming are driving factors in the manufacturing soil market.

Dynamics

Growing Demand for Organic Practices

According to the USDA, Organic products, in keeping with the United States, have moved from being a lifestyle choice for a small percentage of customers to being fed at least periodically by means of many Americans. However, customer hobby in organic meals varies through demographic and geography. More than half of those aged 18 to 29 said they actively strive to consist of organic products in their diets, in comparison to one-third of the elderly 65 and older. The share of Americans with yearly family incomes below $30,000 who actively attempted to consist of natural meals (42%) turned similar to the percentage with annual family incomes above $75,000 (49%).

Furthermore, consistent with the trendy analysis issued in 2022 with the aid of the International Federation of Organic Agriculture Movement (IFOAM) Germany and FiBL Switzerland, the Global Organic Market has grown at an 8.7% compound annual growth fee (CAGR) over the past six years (2015-2020). In terms of price, the marketplace has grown from US $ eighty-four billion in 2015 to US $ 129 billion in 2020, indicating that the international marketplace's choice for chemical-loose organic products has accelerated. As an end result, the call for organic practices has fueled the growth of the manufactured soil market.

Implementation of Strict Environmental Regulations

The government's stringent law on organic agriculture will further boost the manufactured soil market. Organic agriculture is a system for plants, livestock, and fish farming that emphasizes environmental safety and uses natural farming techniques. In addition, the authorities assistance and government in the direction of organic farming will further grow the manufactured soil market. For example, in February 2022, In India, Bhartiya Prakritik Krishi Padhati (BPKP) was added as a sub-scheme of Paramparagat Krishi Vikas Yojana (PKVY) considering 2020-21 for the promoting of traditional indigenous practices along with Natural Farming (NF).

In addition, In India, the Government has initiated a program to offer financial assistance to character farmers in 8 states. One or extra hectare of land at 2700/ha for 3 years for Participatory Guarantee System (PGS) certification through Regional Council or National Programme for Organic Production (NPOP) certification.

Furthermore, the government of India has several schemes to guide and offer organic farming, to raise the manufactured soil market growth during the forecast period. For instance, In India the schemes furnished by using government for organic farming such as Paramparagat Krishi Vikas Yojana, Mission Organic Value Chain Development for North Eastern Region, Capital Investment Subsidy Scheme (CISS) below Soil Health Management Scheme, National Mission on Oilseeds and Oil Palm (NMOOP), and National Food Security Mission (NFSM).

Lack of Awareness Towards Manufactured Soil Products

The importance of soil in shaping life, including human civilization, is hard to exaggerate. Soil properties determine to a large extent how much food will be available in a region, where cities can be built, and whether or not living there is sustainable in the long term. Despite these realities, the importance of understanding soil is not immediately obvious to many people.

For instance, Purdue University has shown that small and medium-sized farms have lower profit margins. In Indiana, only 16% of vegetable farmers had sales over $50,000. Their goal is to improve the profitability of small and medium-sized vegetable farms by developing a research-based Extension program that increases based on farmers' decision-making.

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Segment Analysis

The global manufactured soil market is segmented based on type, material input, distribution channel, application, end-user

The Use of Soil Mix in Gardens Improvement is Expected to Increase Rapidly

Soil mix accounts for a significant percentage of the manufactured soil market. Container soils are always altered in some way to guarantee optimum drainage and aeration. Garden soil is an amendment blended with native soil, whereas potting soil is used solely for container gardens such as potted houseplants and window boxes. Container soils are sometimes known as soilless or artificial media because they do not contain any soil. Depending on the manufacturer and the type of plant material being produced, they are frequently constructed of diverse ingredients such as peat, vermiculite, bark, and coir fiber (ground coconut hulls) in a variety of formulas.

Furthermore, the soil mixing process is particularly ecologically friendly, and companies are being formed for environmentally friendly operations. Deep Soil Mixing Ltd, for example, initiated a research and development project in June 2020 to investigate new environmentally friendly binders made from recycled material for its soil mixing technique. Many companies have utilized cement as their primary binder for soil stabilization in the past, but Deep Soil Mixing Ltd is currently working to utilize new recycled binder solutions to make the soil mixing process even more sustainable than it already is. As a result, the beneficial qualities of mixing soil will drive market expansion over the projection period.

Source: DataM Intelligence Analysis (2023)

Geographical Penetration

North America's Growing for Organic Products

North America has a significant percentage of the manufactured soil market. The United States and Canada generated the maximum market proportion in this region. The introduction of advanced agriculture technologies and organic farming is riding increase on this place. According to USDA National Agricultural Statistics Service surveys (2011 and 2021), certified natural cropland acres elevated by 79% (to 3.6 million acres), pastureland/rangeland acres decreased by 22%(to 1.3 million acres), and certified operations extended with the aid of extra than 90% (to 17,445 farms) among 2011 and 2021.

Furthermore, organic farming is a crop and cattle production technique that entails a good deal extra than avoiding the usage of insecticides, fertilizers, genetically modified organisms, antibiotics, and growth hormones. Organic farming gives several advantages, together with being environmentally friendly, minimizing soil degradation and erosion, lowering pollutants, optimizing organic productiveness, and inspiring correct health.

Source: DataM Intelligence Analysis (2023)

Competitive Landscape

The major global players include The Scotts Company LLC, Resource Management, Inc., Boughton, Casella Waste Systems, Inc., Tim O'Hare Associates, ASB Greenworld, COMPO GmbH, FLORENTAISE, FoxFarm Soil & Fertilizer Co., and Good Earth

COVID Impact

The COVID pandemic has predominantly affected the global manufactured soil market. Manufacturers are having difficulty operating during the epidemic due to supply chain interruption and lockdown restrictions. In addition, due to COVID-19, a considerable number of soil contaminants such as plastics, antibiotics, and disinfectants have been released into the environment for three years. The accumulation of these pollutants in the ecosystem has compounded the soil system's degradation. However, since the start of the epidemic, the focus of researchers and the general public has been on human health. Farmers are anticipating increased demand for organic farming from the public during the epidemic, which will generate a lucrative opportunity for soil manufacturers.

Russia- Ukraine War Impact

The Russia-Ukraine conflict is expected to have a significant effect on the manufactured soil market. Russia and Ukraine are major exporters of raw materials used in manufactured soil, such as peat, perlite, and vermiculite. The conflict has disrupted the supply of uncooked materials, which has caused better costs for manufactured soil.

In addition, the conflict has additionally disrupted the global delivery chain for manufactured soil. This has made it tougher and pricey for producers to get the substances they need to supply synthetic soil.

By Type

• Garden Soil
• Soil Mix
• Manure & Compost
• Turf Sand
• Others

By Material Input

• Soil
• Compost
• Sand
• Coir fiber
• Perlite
• Vermiculite
• Others

By Distribution Channel

• Company-Owned Sales
• Supermarket/Hypermarket
• E-commerce
• Nurseries
• Others

By Application

• Cultivation
• Lawns
• Commercial Developments
• Sports Fields
• Green Spaces
• Horticulture
• Others

By End-User

• Residential
• Commercial
• Government

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On March 3, 2023, The Maryland Department of Agriculture (MDA) launched the public education campaign 2023 Manure Happens to help citizens understand how and why farmers recycle manure as a fertilizer and soil amendment for their crops. The campaign will be promoted on social media and other digital platforms throughout March.
• On February 21, 2021, Carbonatites, a product of a Bengaluru-based energy company, launched Bio-enriched organic manure in Siddipet, Telangana, India, which is instrumental in manufacturing bio-enriched organic manure and has established a biogas plant. The product was released under the Siddipet brand name, and a 40-kg bag was supplied for 300, which was half the original price of 600.
• On July 27, 2023, Commonwealth Bank (CBA) formed a strategic partnership with plant nutrition business RLF AgTech to fund an innovative pilot program aimed at generating soil carbon credits. RLF AgTech, a plant nutrition specialist, has launched a soil carbon pilot program with Australian farmers using its Accumulating Carbon in Soil System (ACSS) technology.

Why Purchase the Report?

• To visualize the global manufactured soil market segmentation based on type, material input, distribution channel, application, and end-user, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of manufactured soil market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global manufactured soil market report would provide approximately 77 tables, 89 figures, and 185 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies