The global manufactured soil market is experiencing rapid growth, with North America leading the way. According to a report by Research and Markets of PR Newswire, the market is projected to grow from $7.61 billion in 2022 to $8.23 billion in 2023, with an impressive compound annual growth rate (CAGR) of 8.1%. This growth is expected to continue, with the market estimated to reach $10.77 billion by 2027.
The advancement of technology and increasing demand for organic products are driving the growth of the manufactured soil market. Many major players in the market are adopting advanced technology to enhance their positions. For example, Canadian agriculture technology company, Terramera, recently introduced a new platform that provides soil analysis data with 99% accuracy. This technology optimizes the fertilizer and soil health for manufactured soils, making them even more appealing to buyers.
The increasing popularity of organically made products is also contributing to the growth of the manufactured soil market. As consumers become more conscious of the environmental impact of synthetic chemicals, there is a rising demand for organically based manufactured soils. These soils are made from organic waste, grown without synthetic chemicals, and specifically developed to enhance plant growth.
Manufactured soils are versatile and can be used for various purposes, including landscaping, rehabilitating wasteland areas, and structural projects. They are designed based on their intended use and can be made from a combination of materials such as coarse sand, stone, green waste, bark, and sawdust.
Overall, the global manufactured soil market is experiencing significant growth, driven by technological advancements and the increasing demand for organic products. With North America leading the way, the market is expected to continue expanding in the coming years.
See also:
- Many major players in the manufactured soil market are advanced technologically to enhance their positions. A Canadian agriculture technology company, Terramera, released a new platform in January of 2023 that gives soil analysis data with 99% accuracy. This new technology is optimizing the fertilizer and soil health for manufactured soils, making these even more desirable to buyers.
- As the popularity of organically made products grows, so will the manufactured soil market. With most manufactured soils being made of organic waste, grown without synthetic chemicals, and developed to specifically enhance the growth of plants, demand for these organically based manufactured soils will increasingly rise.
- Manufactured soils are used for a myriad of reasons, ranging from simple landscaping to the rehabilitation of wasteland areas to structural purposes such as large footpaths and small buildings. These soils are created mainly as a replacement for topsoil. They are developed based on their intended purpose. Coarse sand, stone, green waste, bark, and sawdust are all examples of what manufactured soils could be made of.
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