DUBLIN, April 29, 2022 /PRNewswire/ — The “Global Manufactured Flooring Market – Forecast from 2022 to 2027” report has been added to from ResearchAndMarkets.com offer.
The global manufactured flooring market is expected to grow at a compound annual growth rate of 6.06% during the forecast period to reach a market size of US$8.747 billion in 2027 from US$5.793 billion in 2020.
Engineered soils are custom-mixed soils that contain varying amounts of sand, clay, and organic matter to provide the best soil mix for the site and application. Due to their accessibility, manufactured floors have grown in popularity in recent years.
However, this preference for synthetic soils tends to overlook the benefits of using well-established, well-balanced natural soil. One of the benefits of importing natural soil is that it has already formed microbial communities suitable for plant symbiosis. Manufactured topsoil can achieve the same level of microbial diversity and richness as organically produced soil with the addition of organically produced soil.
Synthetic soil requires organic additives prior to installation, which can lead to an overabundance of nutrients, inhibiting plant health until nutrient and organic matter levels have stabilized in a natural cycle; this process can take years. Any nutrient, organic or structural amendment can have negative side effects such as pH change, reduced water holding capacity and possibly nitrogen deficiency. Additionally, organic additions to artificial soils may take some time to convert into nutrients accessible to host plants; a well-supplied natural soil, on the other hand, will be able to reduce this development time because it has all the nutrients that the host plants need.
The increase in modern agricultural practices has increased the demand for increased productivity and production. Rising population and increasing consumption of organic products are the factors driving the rapid development of the market. Recent innovations have greatly diversified the market, which may create more opportunities for the artificial flooring market over the forecast period.
However, low adaptation rates, limited infrastructure growth in developing countries, and lack of understanding of artificial flooring are the restraints affecting the artificial flooring market over the forecast period mentioned above.
Growing trends in organic farming
The demand for organic farming is increasing and gaining popularity in wealthy countries due to growing consumer health awareness. Organic farming is a process used to produce crops and livestock without the use of pesticides, fertilizers, GMOs, antibiotics and growth hormones. According to data provided by the Organic Farming World, organic farming is practiced in more than 160 countries.
In 2017, the sale of organic products reached $97 billion. The growing popularity of organic agriculture among consumers and efforts to minimize the use of chemicals are expected to drive the growth of the global organic agriculture industry, which will positively impact the overall soil market. manufactured.
Strict environmental regulations
The market for manufactured soils will be further fueled by the government’s strict control over organic farming. Organic farming is an agricultural, animal and fish farming method that emphasizes environmental protection and natural farming techniques. It is about the entire system used to create and deliver agricultural products, not just the end product.
To this end, the entire agricultural cycle, from production to processing, including handling and delivery, prohibits the use of artificial products such as genetically modified organisms (GMOs) and certain external agricultural inputs such as pesticides, veterinary drugs, additives and fertilizers, all of which will increase the cost of production.
Impact of COVID-19 on the Manufactured Flooring Market:
The rapid spread of the coronavirus has had a significant influence on global markets as the outbreak has quarantined the world’s largest economies. As a result of this severe shutdown, the entire consumer market suddenly lost interest in acquiring goods.
Shutting down all types of international transportation is one of the biggest challenges facing the market. The global crisis is easing for many sectors, including agriculture, devastated by the pandemic. Therefore, the engineered flooring market will experience few challenges during the projection period owing to the COIVD-19 pandemic.
The growing demand for global manufactured flooring solutions has led to the entry of several new players into the global manufactured flooring market. To increase their customer base as well as their market share in the coming years, many of these market players have taken various strategic measures such as partnerships and development of new solutions, which are expected to keep the market competitive and ever-changing.
Major market players such as Miller Companies LC, ERTH Products, LLC, and Ground Up, LLC among others have been covered along with their relative competitive strategies. The report also mentions recent transactions and investments made by different market participants in the past few years.
Main topics covered:
2. Research methodology
3. Executive Summary
4. Market dynamics
4.1. Market factors
4.2. Market constraints
4.3. Analysis of the five forces of carriers
4.3.1. Bargaining power of suppliers
4.3.2. The bargaining power of buyers
4.3.3. The threat of new entrants
4.3.4. The threat of substitutes
4.3.5. Competitive rivalry in function
4.4. Analysis of the value chain of functions
5. Global Manufactured Flooring Market Analysis, By Component
5.5. Organic materials
6. Global Manufactured Flooring Market Analysis, By Application
7. Global Manufactured Flooring Market Analysis, By Geography
7.2. North America
7.2.1. United States
7.3. South America
7.5. Middle East and Africa
7.5.2. Saudi Arabia
7.6. Asia Pacific
7.6.5. South Korea
8. Competitive environment and analysis
8.1. Key Players and Strategic Analysis
8.2. Emerging players and market profitability
8.3. Mergers, acquisitions, agreements and collaborations
8.4. Supplier Competitiveness Matrix
9. Business Profiles.
9.1. Miller Companies LC
9.2. ERTH PRODUCTS, LLC
9.3. The Ground Up, LLC
9.4. FoxFarm Soil & Fertilizer Company
9.5. seaside mulch
9.6. Scotts LLC
9.7. Agricultural Supply from Peaceful Valley, Inc.
9.8. BD White Top Soil Co, Boughton
9.9. TIM O’HARE ASSOCIATES,
9.10. London Rock Supplies Limited
For more information on this report, visit https://www.researchandmarkets.com/r/1pcbl
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SOURCE Research and Markets