The globalPotting Soil Marketis set to experience a period of robust growth owing to steadily increasing world population. Fortune Business Insights shares this information in its new report, titled “Potting Soil Market Size, Share and Industry Analysis, By Type (All-purpose Potting Soil, Lawn and Garden Potting Soil, Professional Potting Soil), By Application (Commercial, Residential) and Regional Forecast, 2020-2027”. Additionally, the report provides:
- Meticulous research into the market drivers, trends, factors, and restraints;
- Detailed assessment of the market segments;
- 360-degree analysis of overall industry outlook;
- Projections of future prospects of the market; and
- In-depth evaluation of the regional and competitive dynamics characterizing the market.
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Market Drivers and Trends:
- Growing world population According to the UN Department of Economic and Social Affairs (DESA), global population is expected to reach 8.6 billion by 2030 and 9.8 billion by 2050. As a result, demand for food is likely to spike in the next decade, boding well for the Potting Soil Market growth.
- Increasing need to narrow food security gaps Numbers released by the World Bank reveal that around 151 million children below the age of 5 are suffering from chronic malnutrition. Moreover, close to 2 billion people worldwide are deficient in essential micronutrients to be productive and ward off diseases. This would necessitate elevating agricultural productivity, which will be one the key Potting Soil Market trends.
- Development of revolutionary technologies The agriculture sector is undergoing rapid transformations on account of introduction of next-generation technologies. For example, governments and academic institutions are increasingly investing in developing genome editing tools such as CRISPR to build higher pest resistance in crops and increase their capacity to create food. Other advanced technologies such as blockchain, AI, and IoT are also enhancing the Potting Soil Market potential in the forthcoming years.
Major Segments includes:
- All-purpose Potting Soil
- Lawn and Garden Potting Soil
- Professional Potting Soil
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Major players are adopting different strategies, such as mergers and acquisitions, new product launches, and strategic collaborations, to gain a competitive edge in the market.
Some of the key players covered in the Potting Soil Market report include
- Sun Gro Horticulture,
- ASB Greenworld,
- Scotts Miracle-Gro,
- Matecsa Kft,
- Michigan Peat, and Others.
This market has been segmented into different regions such as North America, Europe, and Asia-Pacific. Among these, is anticipated to dominate the Potting Soil Market share during the forecast period
Major Table of Content for Potting Soil Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Potting Soil Market Analysis, Insights and Forecast, 2014-2026
- North America Potting Soil Market Analysis, Insights and Forecast, 2014-2026
- Europe Potting Soil Market Analysis, Insights and Forecast, 2014-2026
- Asia Pacific Potting Soil Market Analysis, Insights and Forecast, 2014-2026
- Middle East and Africa Potting Soil Market Analysis, Insights and Forecast, 2014-2026
- Latin America Potting Soil Market Analysis, Insights and Forecast, 2014-2026
- Competitive Landscape
- Company Profile
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