Turf and Ornamental Chemical Inputs Market – Global Industry Analysis, Growth, Share, Size, Trends,

Turf and Ornamental Chemical Inputs Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global turf and ornamental chemical inputs market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing use of IPM technology, increased awareness of scientific pasture maintenance, and growing real estate and infrastructure markets.

Small trees or grasses carved in the landscape as accents are considered lawns or decorative elements.

Chemicals include fertilizers, pesticides, growth regulators and other chemicals. Fertilizer is a solid, liquid or gaseous substance that contains one or more plant nutrients in known amounts. It is applied directly to the soil, plants, or added to an aqueous solution to improve plant development, maintain soil fertility or plant quality. It is a chemical substance that changes the growth of seeds or plants by spraying treating them.

Market Trends, Drivers, Restraints, and Opportunities    

Growing awareness about the proper handling and maintenance of turf and ornamentals with increasing government initiatives is expected to boost the market.

Rapid growth of the construction industry owing to construction of residential properties with gardens and play areas are creating demand for turfs and ornamentals.

Rising demand for integrated pest management and increasing demand for bio pesticides is expected to drive the market during the forecast period.

High input cost and increasing environmental issues is anticipated to hamper the market growth.

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Strict regulations by government on usage of chemical inputs act as major challenges that can hamper the market growth during the forecast period.

R&D investment and development of new products with strong intellectual property portfolio and strategic alliance is expected to offer lucrative opportunities for the market players.

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Market Segment Insights The Bermuda grass segment is projected to hold a major market share On the basis of types of turf grass, the turf and ornamental chemical inputs market is segregated into zoysia grass, rye grass, Bermuda grass, tall fescue, blue Kentucky grass, and others. The Bermuda grass segment is expected to represent a key share of the market during the forecast period. Bermuda grass is actively used by people as their turf and is popular due to its hardness & strength and is being mostly used in golf courses & parks. It is easy to grow in places with direct sunlight and good drainage facilities.

This herb has special resistance to high temperature and drought. Bermuda herbs can withstand heavy use and recover quickly and can grow fast. Bermuda grass is more sensitive to cold and can tolerate heat, salt, and moisture well.

The Ravenna grass segment is expected to expand at a rapid pace In terms of types of ornamental grass, the turf and ornamental chemical inputs market is fragmented into purple millet, feather reed grass, fiber optic grass, fountain grass, Ravenna grass, and others. The Ravenna grass segment is expected to account for a key share of the market during the forecast period owing to an easy-to-care plant that has a clear presence in the landscape. It can be combined with other easy-to-plant plants to create a landscape that exudes color and texture throughout the year without a lot of maintenance. Ravenna grass grows best in full sun and well-drained soil. It can tolerate various soil conditions and grows well in loose soil with moderate fertility. It does not require planting in nutrientrich, fertile soil, because under these conditions, it is prone to grow weak stems and collapse.

The fertilizer segment is anticipated to expand at a significant CAGR Based on synthetic chemical inputs, the turf and ornamental chemical inputs market is segmented into fertilizers, pesticides, plant growth regulators, and others. The fertilizer segment is expected to hold a key share of the market during the forecast period due to the increasing use of fertilizers on healthy and decorative lawns. Fertilizers are substances that contain one or more plant nutrients. Fertilizers can be directly applied to the soil, plants, or added with aqueous solutions. Fertilizers are used to maintain soil fertility, improve plant development, yield, and quality. Long-term fertilization is good for fertilizing the lawn within a few months.

North America is anticipated to dominate the market

On the basis of regions, the turf and ornamentals chemical inputs market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to increasing residential areas with playgrounds, parks, and golf courses. The continuous development of sports and leisure sectors are projected to drive the market. Lawn and decorative chemicals such as fertilizers, pesticides, plant yield regulators, and other chemicals are increasingly being used. Pesticides help prevent pests, diseases and weeds from destroying grass, plants or trees. There are several companies in the market that develop chemical materials for lawns and ornamental plants.

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Competitive Landscape Key players competing in the turf and ornamentals chemical inputs market include Nufarm Ltd.; BASF SE; Syngenta; and Bayer Crop Science AG. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance, In March, 2019 BASF SE, a leading chemical company released insecticide which is useful for gardeners and provides high-precision insect control and crop protection strategies.

In March 2019, Bayer Crop Science AG announced the launch of indoor aerosol insecticide in Africa to combat the killing of plants by insects.

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