Global Coco Coir Market Statistics: USD 628.6 Million Value by 2033
Summary:
Request for a sample copy of this report: https://www.imarcgroup.com/coco-coir-market/requestsample
Industry Trends and Drivers:
Increasing trend towards consumption of organic and sustainable farming is the main driver in the market. Coco coir derived from coconut husks has a peculiarity of being organic instead of peat and synthetic products. It improves soil structure, aeration, water infiltration and retention without the use of other chemicals that are deleterious to the environment. This tallies with the current trend where individuals are changing to organic farming and practicing environmentally friendly gardening. Also, growing concern with climate change and sustainable use of products that has lead to the use of coco coir. This trend is evident amongst farmers, landscapers and horticulturists. Further, contractions and policies for sustainability in products are developing a market for organic produce.
Hydroponics is a farming technique where plant do not require soil for its gr econ. it is known for its conservation of water and flexibility in managing conditions of plant growth. Hydroponics, coco coir is an excellent substrate for plant growth ideal for hydroponics. They help it retain water, drain properly and prevent diseases and pest attack. Coco coir is being widely used especially now that people are into urban and indoor farming due to limited land for farming. However, new developments in hydroponics and requirements in the increasing food requirements for the growing world population further apply pressure on the use of coco coir.
Accelerating urbanization and shrinkage of premises contribute to increasing demand for%u7DDEaerogel, Indoor gardening and horticulture. Coco coir has emerged as one of the favoured growing media among indoor gardeners resulting from a variety of factors ranging from its light weight, simplicity in management and high water holding capacity. It is especially useful for container growing that is increasingly being practiced in cities with limited space for gardening. The consciousness of health and the tendency toward the usage of local products is extending the necessity for indoor gardening further. Hundreds of people are making gardens with herbs, vegetables and ornamental plants using sustainable and organic coco coir which they prefer to use for growing healthy indoor plants.
The coco coir market forecast offers insights into future opportunities and challenges, drawing on historical data and predictive modeling.
Coco Coir Market Report Segmentation:
Breakup By Product:
Coco coir grow bags represent the largest segment because they are versatile and highly efficient for commercial and home gardening applications.
Breakup By Nature:
On the basis of the nature, the market has been bifurcated into organic and conventional.
Breakup By Application:
Coconut meals exhibit a clear dominance in the market as they are a popular byproduct for animal feed and fertilizer, offering multiple uses in agriculture.
Breakup By Consumer:
Green houses hold the biggest market share, which can be attributed to the extensive use of coco coir products to optimize plant growth conditions in controlled environments.
Breakup By Region:
North America enjoys the leading position in the coco coir market due to the growing trend of organic gardening, hydroponics, and sustainable agriculture practices in the region.
Top Coco Coir Market Leaders:
The coco coir market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) 91 120 433 0800
United States: 1-631-791-1145