PUBLISHER: The Business Research Company | PRODUCT CODE: 1414368
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414368
“Manufactured Soil Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on manufactured soil market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for manufactured soil? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The manufactured soil market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Manufactured soil, also known as engineered soil, is a specially designed soil substitute created to mimic the characteristics of natural soil or evolve into topsoil. Comprising a blend of various organic and inorganic materials, it serves as a growing medium extensively utilized for landscaping and the reclamation of mined areas, brownfield sites, and wasteland.
The primary categories of manufactured soil include garden soil, soil mix, manure and compost, turf sand, and organic soil improver. Garden soil is specifically formulated for plant growth in outdoor spaces such as gardens and is applied in vegetable plots, raised beds, outdoor containers, and flower gardens. Available under brand names such as super soil, peaceful valley, farm supply, ferry mores, and jiffy mix, it finds applications in cultivation, lawns, commercial developments, sports fields, and green spaces.
The manufactured soil market research report is one of a series of new reports from The Business Research Company that provides manufactured soil market statistics, including the manufactured soil industry's global market size, regional shares, competitors with a manufactured soil market share, detailed manufactured soil market segments, market trends, and opportunities, and any further data you may need to thrive in the manufactured soil industry. This manufactured soil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The manufactured soil market size has grown strongly in recent years. It will grow from $8.23 billion in 2023 to $8.87 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The expansion observed in the historical period can be ascribed to factors such as urbanization and land scarcity, the proliferation of commercial agriculture, initiatives for soil quality restoration, the growing demand for customized soil blends, a heightened focus on sustainable farming practices, and the undertaking of land reclamation projects.
The manufactured soil market size is expected to see strong growth in the next few years. It will grow to $11.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be attributed to advancements in soil science, the expansion of urban agriculture, the adoption of climate-resilient agricultural practices, regulatory support for soil management, and the increasing demand for soil-less agriculture. Key trends expected in the forecast period include collaborative efforts in research and development, the integration of precision agriculture technologies, the formulation of customized soil mixes, the incorporation of strategies for carbon sequestration, and collaborative initiatives for research and innovation.
The anticipated surge in the demand for organic products is poised to drive the growth of the manufactured soil market. Organic products encompass agricultural or food items cultivated, processed, and handled without the use of synthetic chemicals, pesticides, or fertilizers. Manufactured soils, comprising mixtures of organic waste, find application in the cultivation of container-grown organic plants and vegetables. As of December 2022, the U.S. Department of Agriculture (USDA) reported that the total sales of organic products in the USA reached $11.2 billion in 2021, with approximately $310 million in organic products directly sold from on-farm stores, farmers' markets, and other channels to consumers. Consequently, the escalating demand for organic products is a key driver propelling the growth of the manufactured soil market.
The increased production of fruits and vegetables is also expected to contribute to the growth of the manufactured soil market. Fruits and vegetables, valued for their flavors, nutritional content, and role in a balanced diet, benefit from the use of manufactured soil. This specialized growing medium provides essential nutrients, fostering optimal plant development and boosting crop yields. According to Statistics Canada in February 2022, vegetable production saw a 3.7% increase, with farm-gate sales growing by 11.2% to reach $1.6 billion in 2022 compared to the previous year. Additionally, fruit sales surged by 15.3%, reaching $1.4 billion in 2022. Thus, the heightened production of fruits and vegetables is a driving factor for the manufactured soil market.
Technology advancements emerge as a prominent trend gaining traction in the manufactured soil market, with major companies adopting new technologies to maintain their market standing. For instance, in January 2023, Terramera, a Canada-based agricultural technology company, introduced the 'enrichSoil' platform, providing real-time soil analysis data. This technology offers 99% accurate results, facilitates fertilizer optimization, and enhances soil health in the manufacturing of soils.
Major companies in the manufactured soil market are prioritizing the development of environmentally friendly products, such as sustainable soil and mulch products, to contribute to market revenue. Sustainable soil and mulch products serve as eco-conscious alternatives made from renewable and recycled materials. In May 2023, Walker Industries, a Canada-based company, launched GrowBetter Gardens, a sustainable line of bagged soil and mulch composed entirely of renewable and recycled materials, including composted leaf and yard waste, as well as recycled bark fines from the forestry industry. The product line features environmentally friendly options such as peat-free Fabulous Flowers & Shrubs and Vibrant Vegetables soils, along with Hemlock CPM and CPM Pine Nuggets mulch.
In March 2021, Biototal Group AB, a Sweden-based recycling company specializing in organic and inorganic products, acquired Mewab AB for an undisclosed amount. This strategic move aims to strengthen both companies' geographical presence within Sweden and globally, positioning Biototal Group AB as a leading supplier of recycled agricultural products. Mewab AB, based in Sweden, is known for providing lime mud and producing topsoil, landfills, and raw compost.
Major companies operating in the manufactured soil market report are Boxley Materials Company Inc., Casella Organics Inc., Tim O'hare Associates LLP, B.D. White Top Soil Company Inc., Boughton Loam & Turf Management Limited, Miller Companies LC, ERTH Products L.L.C., The Ground Up LLC, Seaside Mulch Inc., Greger Topsoil- H&K Group Inc., Eclipse Soils, Tarmac Group, LFX Design Centre, Garick LLC, Ferris Mulch Products LLC, The Scotts Miracle-Gro Company, Sun Gro Horticulture Inc., London Rock Supply Limited, American Soil Products, Berger Peat Moss Ltd., Blue Ribbon Organics, Bouldin & Lawson LLC, C&C Peat Company, Carolina Eastern-Vail Inc., Coast of Maine Organic Products Inc., Conwed Plastics LLC, DTEP LLC, Floratine Products Group, FoxFarm Soil & Fertilizer Company, General Organics, Good Earth Organics Corporation, High Caliper Growing Inc., Hummert International, Jiffy International AS, Kellogg Garden Products, Lambert Peat Moss Inc., Sustainable Soil Solutions LLC
North America was the largest region in the manufactured soil market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global manufactured soil market during the forecast period. The regions covered in the manufactured soil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the manufactured soil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The manufactured soil market consists of sales of compost, sand, subsoil, and organic materials. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.