Global Manufactured Soil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global Manufactured Soil Market Overview :

“The global Manufactured Soil Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Manufactured soil is a composition of various types of soils, components, and other soil-like materials. It is used for various purposes such as site restoration, horticulture, etc. Manufactured soil can be modified according to the requirement of the end user.

Global Manufactured Soil Market: Dynamics

Growing demand for food among consumers, coupled with increasing preference for organic products are major factors driving growth of the global manufactured soil market. Growing urban population and increasing urban farming are also factors fueling growth of the global market. Increasing number of gardens and lawns is another factor anticipated to propel growth of the target market.

Increasing horticulture and greenhouses is a factor anticipated to increase demand for manufactured soil. Furthermore, limited or shrinking arable land is also a factor expected to boost growth of the global manufactured soil market in the near future.

However, lack of awareness regarding usage and benefits provided by manufactured soil among consumers may affect growth of the global market. Nevertheless, the introduction of new soil blends and mixes, as well as increasing awareness regarding the advantages of manufactured soil among end users can create high revenue opportunities for players in the global manufactured soil market.

Global Manufactured Soil Market: Segment Analysis

Among the type segments, the soil mix segment is expected to register high growth in terms of revenue over the forecast period. On the basis of the requirement for crops, soil mixes can be customized. They are also used in gardening and lawns. These are some of the factors driving growth of these segments of the global market.

Among the application segments, the cultivation segment is expected to register the fastest growth in terms of revenue in the near future. Growing organic farming globally, owing to rising awareness regarding the disadvantages of chemical fertilizer on an individual’s health is a factor supporting growth of this segment. In addition, increasing use of manufactured soil for controlled farming and farming in urban areas are also factors expected to support cultivation segment in the global market.

Global Manufactured Soil Market: Regional Analysis

Currently, the market in North America dominates the global market in terms of revenue and is expected to maintain its position over the forecast period. Increasing adoption of new agricultural technologies among individuals in order to improve the quality of products is a key factor driving growth of the manufactured soil market in this region. The market in Europe accounts for the second highest share in terms of revenue and anticipated to register lucrative growth in the near future.

Asia Pacific market is expected to register the fastest growth over the forecast period, owing to the increasing population, coupled with growing demand for organic food among consumers. The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the manufactured soil market over the forecast period.

Global Manufactured Soil Market Segmentation:

Segmentation by material:

• Sand
• Soil
• Compost
• Vermiculite
• Coir Fiber
• Perlite
• Others (Peat Moss and Horticulture)

Segmentation by type:

• Soil Mix
• Garden soil
• Manure and Compost
• Others (Manure & Compost, Turf Sand, etc.)

Segmentation by application:

• Sports Fields
• Cultivation
• Lawns
• Commercial Developments
• Open or Green Spaces

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa