Asia Pacific Greenhouse Soil Industry was worth USD XX billion in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX billion by 2021. The purpose of a greenhouse soil is to provide crops with the necessary nutrient requirement.
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A greenhouse makes it possible to grow certain types of crops year round, and fruits, tobacco plants, vegetables, and flowers are what a greenhouse most commonly grows.
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Greenhouse soil is a medium to provide for the growth of plants, herbs and vegetables in a greenhouse environment.
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The common ingredients used in greenhouse soil are peat, sand, perlite, composted bark, and recycled mushroom compost. A variety of other ingredients are also used and their proportions vary across a broad spectrum.
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The growth of the Asia-Pacific Greenhouse Soil Industry is mainly driven by the rise in adoption of greenhouses, owing to rapid innovation in technology and rising disposable incomes of people willing to invest in farming. Technological innovations have further helped in lowering the costs of necessary Soil which aids in increasing the feasibility of owning a greenhouse.
The adoption of greenhouse adoption technologies and encouragement from governments also act as drivers of Industry growth.
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The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is predicted to grow with the highest CAGR during the forecast period.
Factors such as growing awareness and supportive government policies, coupled with the rapid growth in disposable incomes and technology are anticipated to lead the growth of the Industry in this region.
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The major players operating in the Global Greenhouse Soil industry include Scotts Miracle-Gro, Sun Gro, Klasmann-Deilmann, Premier Tech, Copmpo, ASB Greenworld, Bord na Móna, Florentaise, Lambert, FoxFarm, Westland Horticulture, Matécsa Kft, Espoma, Hangzhou Jinhai, Michigan Peat, C&C Peat, Good Earth Horticulture, Free Peat, and Vermicrop Organics.
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