The global turf & ornamental chemical input market is expected to grow at a CAGR of 4.5% during the forecast period of 2017-2022.
The market for Turf & Ornamental Inputs consists of providing, handling and sale of several types of turf and ornamental scientific inputs like pesticides, fertilizers and plant growth regulators (PGR) for proper handling of turf and ornamental grass.Market Dynamics
The key factors for the growth of the industry includes rising demands from IPM practices in the upkeep of turf and ornamental crops in the developed countries.
Substantial growth of the industry is due to the enhanced awareness about the scientific maintenance of turf and ornamentals in affluent countries.
However high installation and application costs has increased regulatory burden resulting from pesticide use and urban setting which have become the major restraints for the growth of the market.Market Segmentation
The market is segmented by:
1. Types of grass(Turf and ornamental)
2. Synthetic Chemical inputs
3. Geographical regions
--> Types of grass(Turf and ornamental)
By turf grass type, Bermuda grass has the major market share (28%). It is also forecasted to dominate the market with a higher CAGR of 5.2 % during the period.
Common types of ornamental grass includes feather reed grass, fountain grass, purple millet, Revenna grass etc .Revenna grass constitutes about 20% of market share.
--> Synthetic Chemical inputs
Among chemical inputs, fertilizers are the market leader with a share of about 84.6%.They provide macronutrients to the proper growth of turfs.
--> North America and Europe are the largest regions for employing inputs like pesticidesfor upkeep of turf and ornamental grass.
--> America lead the turf and ornamental market in volume as well as value.
--> Asia pacific is the fastest growing regionKey Players
The major players in the market include -
--> Best Forage LLC
--> Syngenta, among othersReport Contents
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key PlayersRegional Analysis:
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Rest of Eastern Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology
> Extensive Industry Structure Coverage
Publisher Name : Market Litmus