Global Manufactured Soil (Blends and Mixes) Market Projected to Surpass $15 Billion by 2030, Reports MarkWide Research
According to a new report published by MarkWide Research, titled, “Global Manufactured Soil (Blends and Mixes) Market,” the worldwide manufactured soil market, encompassing blends and mixes tailored for specific plant growth, is poised for substantial growth, with a projected market value exceeding $15 billion by the year 2030. This impressive expansion is driven by the increasing demand for sustainable and customized soil solutions in agriculture, landscaping, and urban gardening.
Market Overview:
Manufactured soil, often referred to as engineered or specialty soil, is a customized blend of organic and inorganic components designed to meet the specific nutritional and structural needs of plants. It plays a pivotal role in modern agriculture, horticulture, and urban green spaces.
Key Market Insights:
- Sustainable Agriculture: The primary driver of the manufactured soil market is the global shift toward sustainable agriculture practices. Engineered soils allow for improved crop yield, reduced environmental impact, and efficient water use.
- Urban Greening: Urbanization has led to a surge in demand for manufactured soil for urban farming, rooftop gardens, and landscaping projects. These soils provide a foundation for green spaces in urban environments.
- Customized Solutions: Engineered soils offer the advantage of tailor-made solutions, providing precise nutrient levels and pH balances for various crops and plant species.
Market Forecast and Growth Prospects:
The global manufactured soil market is expected to demonstrate robust growth, with a projected CAGR of over 8% during the forecast period, 2023-2030. The market, valued at approximately $7 billion in 2022, is anticipated to surpass $15 billion by 2030. This growth trajectory is driven by the increasing adoption of engineered soils in agriculture, urban farming, and landscaping projects.
Challenges and Opportunities:
Challenges in the manufactured soil market include sourcing quality raw materials, achieving consistent product quality, and educating consumers about the benefits of engineered soils. Opportunities lie in research and development of advanced soil formulations, expanding distribution networks, and addressing soil-related challenges in urban environments.
Regional Analysis:
- North America: North America is expected to lead the manufactured soil market, with the United States and Canada being significant contributors. The region’s focus on sustainable agriculture and urban green spaces drives the demand for engineered soils.
- Europe: Europe is another substantial market, characterized by a commitment to sustainable agriculture practices and extensive urban greening initiatives.
- Asia-Pacific: The Asia-Pacific region, including countries like China and India, is witnessing rapid growth due to increasing awareness of engineered soils’ benefits in agriculture and urban development.
Competitive Landscape:
Prominent players in the global manufactured soil market include The Scotts Miracle-Gro Company, Premier Tech Ltd., and Profile Products LLC, among others. These companies offer a wide range of engineered soil blends and mixes tailored to meet the diverse needs of agricultural and landscaping projects.
Conclusion:
The global manufactured soil market is on an upward trajectory, driven by the demand for sustainable and customized soil solutions in agriculture and urban development. With a focus on innovation, environmental responsibility, and customized solutions, engineered soils continue to shape the future of plant growth.