(PharmaNewsWire.Com, December 07, 2017 ) According to the report Turf & Ornamental Inputs Market, published by Market Data Forecast, the Global market is projected to reach USD 5.34 billion by 2022, at a CAGR of 4.34% from 2017 to 2022.
Handling, providing for and sale of different types of turf and ornamental scientific inputs such as plant growth regulators (PGR), fertilizers and pesticides for efficient and up to the mark management of turf and ornamental grass falls under the ambit of turf and ornamental inputs market.
Turf & Ornamental Inputs Market: Drivers & Restraints Growing demand for turf and ornamental inputs (particularly from IPM practices), rising awareness regarding the better management of turf and ornamental grass and ease of availability are the primary drivers of market growth.
Hefty costs of installation and utilization and strict government regulatory framework are the primary restraints of market growth.
By Synthetic Chemical Inputs • Fertilizers • Plant Growth Regulators • Pesticides • Others
By Type of Turf Grass • Zoysia Grass • Rye Grass • Bermuda Grass • Blue Kentucky Grass • Tall Fescue • Others
By Type of Ornamental Grass • Fountain Grass • Ravenna grass • Feather Reed Grass • Purple millet • Fibre Optic Grass • Others
By Geography • North America o United States o Canada • Europe o U.K o Spain o Germany o Italy o France • Asia-Pacific o China o India o Japan o Australia o South Korea
• Latin America o Brazil o Argentina o Mexico o Rest of Latin America
Turf & Ornamental Inputs Market: Overview In 2016, by synthetic chemical inputs market category fertilizers segment was the market leader and is expected to remain so at the end of the aforementioned forecast period. It captures nearly three quarters of the market share. If we are to go by type than Bermuda grass accounts for the largest market share of nearly a quarter and it is also expected to grow robustly in the forecast period. Ravenna market sub-segment captures nearly 30% of the market share.
Jointly, North America and Europe near about capture three quarters of the global market. This trend is expected to continue in the aforementioned forecast period with North America edging slightly ahead of Europe towards the tail end of the forecast period. Sudden surge in the number of tourists plying from the developed economies to the emerging economies has provided the much needed boost to the otherwise stagnant tourism industry and judging by the current economic parameters it is apt to predict that the Asia Pacific market is set on a high growth trajectory in the aforementioned forecast period.
Turf & Ornamental Inputs Market: Key Players Bayer, Syngenta, BASF, Best Forage LLC, Chemtura Agro Solutions are the key players in the market. Other players in the market include American Vanguard Corporation, Dow Agro Sciences, Adama Agricultural solutions and Nufarm Ltd.
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