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Turf and Ornamental Inputs Market projected to grow with significant CAGR over the forecast

Turf and Ornamental Inputs Market projected to grow with significant CAGR over the forecast
Turf and Ornamental Inputs Market
Turf and Ornamental Inputs Market
PR-Inside.com: 2018-05-17 13:53:05
Turf and Ornamental Inputs Market projected to grow with significant CAGR over the forecast

An Intro to Turf and Ornamental Inputs Market

Turf and ornamental inputs are those substances that are basically used for maintaining grass, landscapes, horticulture plants and other decorative plants. These substances take care of the health of the turf and ornamental plants.

Turf and Ornamental Inputs Market – Market Dynamics

Rapidly increasing tourism industry, increase in number of lawns, golf courses and gardening activities likely to effect the growth of the turf and ornamental inputs market positively. Also, there are factors like integrated pest management and growing awareness among consumers regarding the benefits of chemical inputs for decorative plants likely to boost the market further.

On the other side, high cost of turf and ornamental inputs, lack of awareness regarding maintenance of decorative plants and strict regulations will continue to act like constraints for the growth

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Turf and Ornamental Inputs market – Segmentation

The turf and ornamental inputs market can be segmented on the basis of product, type of grass, and regions.

On the basis of the product, the turf and ornamental inputs market can be segmented into the following categories:-

• Turf Grass

o Rye Grass

o Blue Kentucky Grass

o Zoysia Grass

o Tall Fescue

o Bermuda Grass

• Ornamental Grass

o Feather Reed Grass

o Fountain Grass

o Fibre Optic Grass

o Ravenna Grass

o Purple Millet

On the basis of the product type, the turf and ornamental inputs market can be segmented into the following categories:-

• Plant Growth Regulators

• Pesticides

• Fertilizers

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Turf and Ornamental Inputs Market – Region Wise

On the basis of geography, the turf and ornamental inputs market can be divided into the following five regions. They are:-

• North America

• Europe

• Latin America

• Asia-pacific

• Middle East and Africa

Currently Europe and North America have the largest chunk of the turf and ornamental inputs market share, reason being the presence of large number of golf courses, lawns, stadiums and other sports arenas. However, this region will not see much growth in the forecasted period mainly due to market saturation. Main focus of players in this region will be to develop new products and to make existing products better in quality and other perspectives.

In comparison to developed regions, developing countries in Latin American and Asia-Pacific regions are likely to contribute more towards growth of the turf and ornamental inputs market in the forecasted period. Growing tourism sector, adoption of gardening culture and rising awareness for turf and ornamental inputs are the main factors driving growth in this region.

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Major Players in the Turf and Ornamental Inputs Market:-

Names of the major players in the turf and ornamental inputs market are as below:-

• Syngenta AG (Switzerland)

• Dow AgroSciences LLC (U.S.)

• The Andersons Inc. (U.S.)

• Idemitsu Kosan Co. Ltd. (Japan)

• FMC Corporation (U.S.)

• Evans Turf Supplies Ltd. (New Zealand)

• Epicore BioNetworks Inc. (U.S.)

• Pure AG (U.S.)

• Eco Sustainable Solutions Ltd. (U.K.)

• CJB Industries, Inc. (U.S.)

• Sharda USA LLC

• Martenson Turf Products, Inc. (U.S.)

• Vriesland Growers Cooperative, Inc. (U.S.)

These players are likely to adopt merger, acquisition, collaboration, investment in R & D activities and new product development strategies to propel their growth.

Turf and Ornamental Inputs Market – Key Developments

• July, 2014 – Acquisition of Agrium’s Turf and Ornamental Business by Koch Agronomic Services

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