iCrowdNewswire Dec 7, 2020 2:00 AM ET
Manufactured Soil Market size is forecast to reach $9.9 billion by 2025, after growing at a CAGR of 6.9% during 2020-2025. From many years soil is constantly used for farming due to which soils losses its productivity and turns it into unusable. So, to increase the productivity and efficiency of soils, manufactured soils comes into picture, factors such as, growing demand for organic farming & horticulture, increasing global population, rising need to improve yield and productivity, and growing trends in modern farming, are driving manufactured soils market. Whereas Government Stringent regulations towards manufactured soil will further enhance the overall market demand for Manufactured Soil during the forecast period.
Type – Segment Analysis
Soil mix segment holds the largest share in the Manufactured Soil market. As with any garden, soil preparation is what really counts when it comes to being successful growing in containers. It’s the foundation. It’s the staff of life. In other words, select the right potting mix recipe for your plants and they will thrive. Skimp on the soil and you’ll get weak, non-productive plants that require more work to maintain and are susceptible to all kinds of pest problems. Container plants and seedlings thrive best when they have plenty of drainage and start out in a sterile environment. Hence, a good potting medium is a “soil-less” combination of peat or coir, pine bark, and vermiculite or perlite, none of which provide any nutrition to plants. This suggests a potting mix over a potting soil.
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Application – Segment Analysis
Cultivation has been the primary market for Manufactured Soil. Due to the increase in global demand for organic farming. Manufactured soils are extensively employed in controlled agriculture. Demand for these soils is high for lawns and garden consumables. These factors drive the manufactured soils market. Soil cultivation is a process that re-arranges the soil by using some activity. For farmers, cultivation typically means running a tractor over their field with a plow or disc to break up the soil’s surface. This is done prior to planting. For small gardens this is usually done by hand with a shovel or fork. For larger areas a roto-tiller may be used. For lawns, an aerator is the best tool. Care has to be taken not to over-cultivate the soil. Several bad things happen when we over-cultivate.
Geography – Segment Analysis
North America dominated the Manufactured Soil market with a share of more than xx%, followed by Europe and APAC. The two major countries that contributed the largest market share in this region are the U.S. and Canada. The growth in this region is primarily driven by factors such as the increasing demand for organic products, improved outcomes in quality, productivity, and yield, adoption of modern agricultural technology, and organic farming. Organic farming is a method of crop and livestock production that involves much more than choosing not to use pesticides, fertilizers, genetically modified organisms, antibiotics and growth hormones. Organic farming has lots of advantages such as it is ecofriendly, minimize soil degradation and erosion, decrease pollution, optimize biological productivity and promote a sound state of health.
Drivers – Manufactured Soil Market
Growing demand for Organic Farming
In developed countries people are looking forward for organic farming. Organic farming is a method of crop and livestock production that involves much more than choosing not to use pesticides, fertilizers, genetically modified organisms, antibiotics and growth hormones. Organic production is a holistic system designed to optimize the productivity and fitness of diverse communities within the agro-ecosystem, including soil organisms, plants, livestock and people. The principal goal of organic production is to develop enterprises that are sustainable and harmonious with the environment.
Implementation of Stringent Environment Regulations
Governments stringent regulation towards Organic agriculture will further drive the manufactured soil market. Organic Agriculture is a system for crops, livestock and fish farming that emphasizes environmental protection and the use of natural farming techniques. It is concerned not only with the end-product but with the entire system used to produce and deliver the agricultural product. To this end entire farm cycle, from production and processing, to handling and delivery, excludes the use of artificial products such as genetically modified organisms (GMOs) and certain external agricultural inputs such as pesticides, verterinary drugs, additives and fertilizers which will further boost the adoption of Manufactured Soil.
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Challenges – Manufactured Soil Market
Impact COVID 19
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of International transportation. Global crisis for all sectors including Agriculture, which was hit by this pandemic is slower down as well, owing to this the manufactured soil market will face few hurdles due to this COIVD-19 pandemic in the forecast period.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Manufactured Soil market. In 2019, the market of Manufactured Soil has been consolidated by the top five players accounting for xx% of the share. Major players in the Manufactured Soil Market are B D White Top Soil Company Inc., Boughton Loam & Turf Management Limited, Boxley Material Company, Inc., Casella Organics, Inc, London Rock Supply Limited among others.
In March 2016, Summit Materials, Inc. has completed the previously announced acquisition of Boxley Materials Company, a vertically integrated construction materials company founded in 1892 and based near Roanoke, Virginia.
North America dominates the Manufactured Soil market owing to increasing demand from applications such as cultivation, Lawn, sport field and others.
The Factors such as to increase the productivity, to improve the yield and others are driving the Manufactured soil Market.
Government Stringent regulations towards manufactured soil will further enhance the overall market demand for Manufactured Soil during the forecast period.
COVID 19 pandemic will create few hurdles for the manufactured soil market in the forecast period.
Related Reports :
A. Soil Treatment Market
B. Soil Wetting Agents Market
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