PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421631
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421631
The global manufactured soil market size is expected to reach USD 12.54 billion by 2032, according to a new study by Polaris Market Research. The report "Manufactured Soil Market Share, Size, Trends, Industry Analysis Report, By Type (Garden Soil, Soil Mix, and Manure & Compost); By Application; By End User; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The exponential rise in the number of people living in urban spaces and steady growth in global population in the last few decades, which fuels the need for maximizing food production that can be done through manufactured soils due to their ability to improve crop yields along with the surging product use for erosion control on the construction sites and several other vulnerable areas, are among the key prominent factors fostering global market demand and growth.
For instance, according a report by United Nations, the worldwide population reached 8 billion in the month of November 2022, with an increase of around 1 billion people since 2010 and 2 billion since 1988. Also, the world's population is estimated to reach 9.7 billion by 2050 and 10.4 billion by 2080.
In addition, major product manufacturers have shifted their focus towards producing tailored soil blends in order to meet the specific requirements of different crops and plants. Thereby, various precision agriculture techniques such as soil testing and data analytics, are being increasingly integrated into manufactured soil to optimize soil composition and improve crop performance, and is generating huge growth potential for the market in the near future.
In the recent years, there is a growing number of innovations in soil testing and monitoring technology which have enabled growers to effectively and accurately assess soil health and incorporation of sensors and IoT devices that can provide real-time data on soil moisture, temperature, nutrient levels, and other parameters, helping users make informed decisions about irrigation and nutrient management more efficiently.
As, the landscaping and horticulture industries significantly requires specialized soils to develop visually appealing and healthy outdoor spaces, the demand and need for manufactured soils is drastically increased due to their ability to easily tailored for specific landscaping needs such as turfgrass, ornamental plants, and trees among others.
Polaris Market Research has segmented the manufactured soil market report based on type, application, end user, and region: