PUBLISHER: The Business Research Company | PRODUCT CODE: 1619601
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619601
Garden soil is the top layer of soil in a garden or landscape where plants thrive. It is generally rich in organic matter and nutrients essential for plant growth. This type of soil is a blend of sand, silt, clay, and organic materials such as decomposed leaves and compost.
The primary types of garden soil include peat potting soil and peat-free potting soil. Peat potting soil is a mixture that contains peat moss, used primarily to enhance moisture retention and provide nutrients for gardening and horticultural purposes. Garden soils can be characterized by their components, which include organic matter, peat moss, perlite, soil, and vermiculite. They are used in various applications such as indoor gardening, greenhouses, lawns, and landscaping.
The garden soil market research report is one of a series of new reports from The Business Research Company that provides garden soil market statistics, including garden soil industry global market size, regional shares, competitors with a garden soil market share, detailed garden soil market segments, market trends and opportunities, and any further data you may need to thrive in the garden soil industry. This garden soil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The garden soil market size has grown strongly in recent years. It will grow from $4.09 billion in 2023 to $4.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth during the historic period can be attributed to rising interest in home gardening, increased awareness and adoption of organic farming practices, supportive government programs, growing environmental awareness, and the expansion of distribution channels.
The garden soil market size is expected to see strong growth in the next few years. It will grow to $6.16 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth during the forecast period can be attributed to increased urban living, the influence of climate change on gardening practices, a heightened focus on soil health, educational initiatives, and promotional campaigns. Major trends include innovations in soil formulations, technological advancements, customization and specialization, improved soil health, and the integration of fertilizer with soil products.
Growing interest in gardening is expected to drive the expansion of the garden soil market. Gardening, which involves cultivating plants, flowers, and vegetables in controlled environments such as gardens or greenhouses, is gaining popularity for various reasons, including health benefits, urbanization, sustainability, personal satisfaction, and community engagement. Garden soil plays a crucial role by providing essential nutrients and structure for plants, leading to healthier and more vibrant gardens. For example, the National Gardening Survey 2023 by the National Gardening Association reported in April 2023 that spending on lawn and gardening activities continued to increase, with an average household expenditure of $616 in 2022, up $74 from 2021. This rising interest in gardening is fueling the growth of the garden soil market.
Key players in the garden soil market are concentrating on creating innovative products, such as organic and peat-free soils, to address the expanding market while promoting sustainability and gardening innovation. Organic and peat-free soils use sustainable materials such as compost and coir, eliminating peat and offering an eco-friendly option for plant cultivation. For instance, in April 2024, Back to the Roots, a US-based home gardening products company, introduced Organic Potting Mix, Garden Soil, and Raised Bed Mix. These products feature 100% organic and peat-free soil made from upcycled local green waste and are packaged in 100% post-consumer recycled plastic, reflecting the growing demand for eco-friendly products and setting new standards for sustainable packaging in the gardening industry.
In February 2023, Sycamore Partners, a US-based private equity firm, acquired Lowe's Companies Inc. for an undisclosed sum. This acquisition aims to strengthen Sycamore Partners' market presence and expand its product portfolio in the home improvement sector by leveraging Lowe's vast retail network and customer base. Lowe's Companies Inc. is a US-based company specializing in products like flower and vegetable garden soil.
Major companies operating in the garden soil market are The Scotts Miracle-Gro Company, Sun Gro Horticulture, Denbow Ltd., COMPO Group, Florentaise, Peats Soil & Garden Supplies, ASB Greenworld Ltd., Klasmann-Deilmann Gmbh, The Espoma Company, Good Earth, Southeast Soils Peat Company Inc., FoxFarm Soil & Fertilizer Co., Organic Mechanics Soil, Michigan Peat Company, Dr Earth, Lambert Peat Moss, Penick Organics, Sol Soils, Vermicrop Organics, Vigoro
North America was the largest region in the garden soil market in 2023. The regions covered in the garden soil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the garden soil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The garden soil market consists of sales of pre-mixed soil, topsoil, manure, and specialty soils. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Garden Soil Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on garden soil market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for garden soil ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The garden soil market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.