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The global premium potting soils market Growth Accelerated by Increased Usage of Potting Soils for Commercial Landscaping

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Niranjan Mardakar
The global premium potting soils market Growth Accelerated by Increased Usage of Potting Soils for Commercial Landscaping

Premium potting soils are designed for containers and window boxes in gardens or yards. They are suitable for a wide range of plants and flowers and help boost growth by providing essential nutrients. Potting soils allow for drainage and aeration while retaining moisture and optimizing root development.

The global premium potting soils market is estimated to be valued at US$ 1772.17 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Increased usage of premium potting soils for commercial landscaping is one of the key trends driving Global premium potting soils market size. Many commercial establishments such as malls, hotels, and offices are increasingly investing in attractive green spaces and walls to enhance aesthetics and improve employee productivity and well-being. Premium potting soils formulated with nutrients, minerals, and hydrogels are suitable for intensive planting requirements of commercial landscapes. They help support a variety of plants with high moisture and nutrient retention abilities while allowing for proper drainage. This has significantly boosted demand from commercial landscaping contractors.

Segment Analysis

The global premium potting soils market is dominated by the organic segment. Organic potting soils contain no synthetic fertilizers, pesticides, or other artificial chemicals and substances. They are typically made with ingredients such as forest products, manures, compost, and minerals. The organic segment accounts for around 60% of the overall premium potting soils market share owing to increasing consumer preference for chemical-free products.

Key Takeaways

The global premium potting soils market is expected to witness high growth. The global premium potting soils market is estimated to be valued at US$ 1772.17 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030.

Regional analysis related content comprises The North American market holds the largest share and is expected to maintain its dominant position over the forecast period. The increasing trend of backyard and indoor gardening coupled with rising demand for organic products is fueling market growth in the region.

Key players related content comprises Key players operating in the premium potting soils market are Exxon Mobil Corporation, Royal Dutch Shell Plc., RAHA Bitumen, Inc., Tekfalt Binders (Pty) Ltd., SprayPave, Indian Oil Corporation Ltd., GOIL Company Limited, Wabeco Petroleum Ltd., Tiger Bitumen.

 

Get More Insights On This Topic: https://www.newsstatix.com/premium-potting-soils-market-size-share-analysis-2023-2030/

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