Lack of awareness hinders the Global Manufactured Soil (Blends & Mixes) market
Posted by rohan on March 30th, 2018
The Manufactured Soil (Blends & Mixes) Market is showing potential for growth majorly due to the increasing innovations in this filed. Manufactured Soil (Blends & Mixes) is basically the different components and materials of a soil which are used for horticultural purposes, and are manufactured to supplement the requirement as needed.
There have been innovations in the manufactures soil industry such as the development of the soils from industrial by-products which have boosted the growth of the market.
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Market Underlying Factors
The Global Manufactured Soil (Soil Blends & Mixes) Market was worth USD 5.7 billion in 2016 and estimated to be growing at a CAGR of 6.75%, to reach USD 7.9 billion by 2021. The increasing use of Manufactured Soil (Blends & Mixes) is based on the increasing interest shown by populace, particularly in the developed regions of the world in the fields of gardening and lawns.
Other major factors driving the market include the rising demand for farming techniques of organic origin, the expanding market for horticulture and governmental support through the provision of subsidies and other initiatives. However, the market is restrained in the developing countries due to lack of awareness and infrastructure.
North America holds the majority share in the Global Manufactured Soil (Blends & Mixes) market with a share of more than 35 percent. The region is driven by the high awareness of the population and the increasing demand for manufactured soil for the purposes of lawns and gardens. North America is followed by the regions of Europe and the Asia Pacific. Asia-Pacific is expected to be the fastest growing region of the world in Manufactured Soil (Blends & Mixes) Market due to increasing awareness of the benefits of the application of manufactured soil over conventional soils.
The major market contributors for the Global Manufactured Soil (Blends & Mixes) market are The Scotts Miracle-GRO Company, Boxley Materials Company Inc., Casella Organics Inc., Resource Management Inc. (RMI), Tim O’hare Associates LLP, Peaceful Valley Farm & Garden Supply, B.D. White Top Soil Company Inc., Jiffy International as, Boughton Loam & Turf Management Limited, London Rock Supplies Limited
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Name: Mr. Abhishek Shukla
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About the Authorrohan
Joined: September 20th, 2017
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