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Professional Potting Soil Market Size
Professional Potting Soil Market size exceeded USD 1.5 billion in 2022 and will progress at a 5.5% CAGR from 2023 to 2032.
The rising popularity of commercial farming is expected to stimulate business growth. Commercial farmers prefer high-quality potting soil that has organic matter, minerals, and other components to ensure optimal growth of the soil. Strong efforts to boost food safety and quality are fueling commercial farming practices globally, which, is driving the demand for professional potting soil.
Professional Potting Soil Market Report Attributes
Report Attribute |
Details |
Base Year: | 2022 |
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Professional Potting Soil Market Size in 2022: | USD 1.5 Billion |
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Forecast Period: | 2023-2032 |
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Forecast Period 2023-2032 CAGR: | 5.5% |
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032 Value Projection: | USD 2.5 Billion |
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Historical Data for: | 2018-2032 |
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No. of Pages: | 350 |
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Tables, Charts & Figures: | 131 |
Segments covered: | Type, Application, and Region |
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Growth Drivers: | - Increasing Popularity of Indoor Gardening
- Growing demand for organic products
- Increase in commercial farming
|
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Pitfalls & Challenges: | - Low Awareness about the Benefits of Potting Soil
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Despite a positive outlook for the professional potting soil market, the limited awareness regarding the benefits of potting soil is negatively impacting product revenue. Several consumers opt for low-price and lower-quality potting soil options that restrain yield and plant health, increasing the susceptibility to pests and diseases. Lack of knowledge associated with gardening and farming is significantly restricting market growth. Nonetheless, the increasing popularity of indoor gardening is encouraging people to know more about potting soils, which will foster the industry outlook.