Global Cocopeat Market Overview:
Cocopeat is derived as a byproduct in the process of fiber extraction from the Husk of the coconut. It is an eco-friendly material. It has 100% natural growing medium. Cocopeat is dried under natural sunlight and processed to produce various growing mechanisms. It can absorb a large volume of water. Some of the key players profiled in the study are Nature's Bounty PLC (Sri Lanka), Sumukha Farm Products Private Limited (India), Globalcoirs (India), Thiraviyam (India), Harvel Cocopeat (India), BOYCE (India), Eco Coir Products (India), Gcomm (India), Sivanthi Joe Coirs (India) and Cocogarden (India).
On the basis of geography, the market of Cocopeat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Cocopeat Bricks will boost the Cocopeat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Cocopeat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Nutrients Requirement according To the Specific Needs of the Plants Because Of pH Content of Coco Peat Is Neutral to Slightly Acidic
- Excellent Water Retention Properties
Market Trend
- Rising Online Purchasing Behaviour from the Organisations
- Advancement in Packaging Technology
Restraints
- Fluctuation in Economic Currencies
Opportunities
- High Growth of Agriculture Industry in Asia Pacific Region, Majorly In India
- Rising Number of Online Sales Channels
Challenges
- High Dependency on the Production of Coconut
The global cocopeat market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Target Audience:
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Cocopeat Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Cocopeat market on the basis of product [] , application [Potting Mix Suppliers, Green Houses, Hydroponic Growers, Nursery & Garden Center Professionals, Seedling Nurseries, Lawn and Golf Course Constructors, Horticulture and Floriculture Applications, Home Gardening (Indoor and Outdoor) and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cocopeat market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Cocopeat industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Agro Green Biolife (India), Casa De Amor (India) and Turtye (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cocopeat market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.