May 03, 2021
According to the research report titled ‘Global Manufactured soils market Size study, Type (Garden soil, Soil Mix, Manure & compost, Others (turf sand and organic soil improver)), Application (Cultivation, Lawns, Commercial developments, Sports fields, Green spaces), Material input (Soil, Compost, Sand, Coir fiber, Perlite, Vermiculite, Others (horticulture sand and peat moss)) and Regional Forecasts 2020-2027’, available with Market Study Report, global manufactured soils market was worth USD 6.8 billion in 2019 and is anticipated to record a y-o-y growth rate of 7.1% over 2020-2027 to accumulate USD 11.8 billion by the end of forecast period.
Inclination towards organic farming, budding lawn & garden consumables sector, coupled with rising popularity of organized farming and horticulture are generating lucrative prospects for growth of global manufactured soils market. As cited by Statista, worldwide organic food sales rose from about USD 18 billion in 2000 to USD 95 billion in 2018.
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For those unaware, manufactured soil is a term tossed to composition of different soils with constituents of soil and soil like ingredients, which is used in horticulture applications as well as for site restoration.
However, lack of awareness regarding benefits of manufactured soils leading to limited usage is hampering the market outlook.
Based on type, worldwide manufactured soils market is segmented into manure & compost, garden soil, soil mix, manure & compost, organic soil improver, and turf sand among others. As per application scope, the marketplace is divided into lawns, cultivation, commercial developments, green spaces, and sports fields. According to material input, the industry is fragmented into compost, soil, coir fiber, sand, vermiculite, perlite, and others (peat moss and horticulture sand).
Geographically, Asia Pacific, Europe, North America, and Latin America are the key contributors to the overall manufactured soils industry remuneration. Of these, North America is slated to materialize as major growth hub for the market over 2020-2027, owing to flourishing lawn & garden consumables vertical, along with presence of significant players in the region.
Whereas, Asia Pacific market is poised to showcase lucrative growth trends over the forecast period, on account of increasing demand for organic farming, organized farming, and horticulture.
Leading players influencing the worldwide manufactured soils system market trends are Boxley Materials Company Inc., Casella Waste Systems Inc., Scotts Miracle-Gro Company, Resource Management Inc., Tim O'Hare Associates LLP, B D White Topsoil Company, Boughton Loam Ltd., Peaceful Valley Farm & Garden Supply, Jiffy International AS, and London Rock Supplies Limited.