- Manure and Compost
- Soil Mix
- Turf Sand and Organic Soil Improver
- Garden Soil
Latin America Manufactured Soil Market size was valued at USD 667.2 million in 2021, growing at a CAGR of 7.6% from 2022 to 2028. The Latin America market provides a detailed overview and that can be segmented by type, by application, and by components. By type, the Latin America manufactured soil market has been segmented into Manure and Compost, Soil Mix, Turf Sand and Organic Soil Improver, and Garden Soil. The Manure and Compost segment is likely to be the largest and fastest-growing segment in terms of type in 2021 and is expected to maintain the trend in the forecasted years. Manure and Compost are soil with nitrogen-rich ingredients. The main difference between Manure and Compost is their type of material such as manure has more ammonia than compost. Based on application, the market is segmented into Sports fields, Cultivation, Commercial Developments, Lawns and Gardens, and Greenery spaces. Among these, the Sports fields segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to precision business insights. It is attributed to the high demand of sports field and its maintenance. Based on components, the Latin America manufactured soil market is segmented into Sub Soil, Compost, Sand, Shredded Bark, Dredge and Other Organic Substances. The Sub Soil segment accounts for the largest share in 2021 and is anticipated to register a significant CAGR in the upcoming years. The increasing demand for organic farm practices, growing of lawns and gardens, advancements in agriculture sector, growing demand for superior quality of crops, increase in demand for high yield, and productivity are driving the Latin America manufactured soil market growth.
Fastest Growing Market
Growing demand for organic farm practices, Increase in growing of lawns and gardens, Advancements in agriculture sector, Growing Demand for superior quality of crops, Increase in demand for high yield, and productivity are drivers of Latin America Manufactured Soil (Soil Blends and Mixes) Market. Lack of awareness, High cost of the products, Difficulty and issues in manufacturing process, Low adoption rate and Limitations in the horticulture infrastructure are restraints of Latin America Manufactured Soil (Soil Blends and Mixes) Market
The fastest-growing segment of the Latin America manufactured soil market is compost due to high demand in gardening, and agricultural field.
Modern agriculture practices are trending which will drive the manufactured soil market at a significant rate.
Rising organic farming may create lucrative opportunity for the manufactured soil market.
The lack of awareness, high cost of the products, difficulty and issues in manufacturing process, low adoption rate and limitations in the horticulture infrastructure may hamper the global market growth.