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Organic Vegetables Propel Growth: A Key Driver Transforming the Potting Soil And Mixes Market in 2024

by Tatyana Ivanovich
December 18, 2024
in News, ORGANIC
0
Organic Vegetables Propel Growth: A Key Driver Transforming the Potting Soil And Mixes Market in 2024

The potting soil and mixes market has seen significant growth over recent years, with projections indicating it will continue this upward trend through 2028. The Business Research Company recently reported that the market size is expected to grow from $2.49 billion in 2023 to $2.67 billion in 2024, with a compound annual growth rate (CAGR) of 7.2%. By 2028, this market is anticipated to reach $3.53 billion, driven by a CAGR of 7.3%. The growth is fueled by increased demand for gardening supplies, the rise of home gardening as a leisure activity, and the broader expansion of the horticulture industry. Furthermore, the heightened awareness of environmental issues, such as the benefits of organic farming and the shift towards more sustainable practices, has played a critical role in this market’s performance.

The demand for organic vegetables is a primary driver of growth in the potting soil and mixes market. Organic vegetables are grown without synthetic fertilizers, pesticides, herbicides, or GMOs, making them a preferred choice for consumers who prioritize health and environmental sustainability. In recent years, there has been a notable increase in interest in consuming organic foods, driven by health benefits, food safety concerns, and the influence of media and celebrities promoting organic lifestyles. According to data from the Department for Environment, Food, and Rural Affairs, the fully organic and in-conversion vegetable land in the UK was 7.9% in 2021, expected to increase to 8.4% by 2022. This trend reflects a broader global movement towards organic farming, which relies heavily on high-quality potting soils and mixes to provide a nutrient-rich and well-draining environment essential for plant health and optimal yield.

Key Players and Innovations in the Potting Soil And Mixes Market
The potting soil and mixes market is led by major players such as Scotts Miracle-Gro Company, Jiffy Products International B.V., Sun Gro Horticulture, COMPO Group, and Organic Mechanics Soil. These companies are focused on innovation, with products like climate-conscious potting mixes and sustainable substitutes like Black Bear biochar for perlite, aimed at improving aeration and drainage while also contributing to carbon capture. In June 2024, Sun Gro Horticulture launched Sunshine Black Bear Indoor & Outdoor Potting Mix, utilizing this innovative product to meet growing consumer demand for sustainable gardening solutions.

Emerging Trends in the Market
The potting soil and mixes market is also seeing a shift towards product diversification. Companies are developing new formulations to meet the specific needs of consumers, such as plant-specific mixes and organic potting soils tailored for indoor gardening. The market is segmented by soil type (all-purpose, seed-starting mix, organic mix, plant-specific), sales channel (offline and online), and application type (indoor gardening, lawn and landscape, certified organic users). North America emerged as the largest market in 2023, driven by high consumer demand for organic and sustainable gardening products. The growth in North America is supported by an increasing number of DIY gardeners and urban dwellers taking up balcony gardening, contributing to the demand for eco-friendly potting mixes.

The potting soil and mixes market’s growth is closely tied to the rise in popularity of organic vegetables and the demand for sustainable gardening practices. The trend towards organic farming and the increasing awareness of health benefits and environmental concerns will continue to drive this market forward. The innovations in product development, such as climate-conscious potting mixes and the use of sustainable materials like biochar, will help meet the growing demand for high-quality, eco-friendly gardening solutions. For farmers, agronomists, and garden enthusiasts, this represents an opportunity to adopt these new products and practices to enhance crop yield and sustainability in their operations.

Tags: biocharclimate-conscious gardeningDIY gardeningenvironmental concerns in agriculturehorticulture industry trendsNorth America gardeningorganic vegetablesPotting soil and mixes marketSustainable gardening
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