Market Research Report
Turf & Ornamental Chemical Input Market - Segmented by Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
|Turf & Ornamental Chemical Input Market - Segmented by Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)|
Published: January 17, 2022
Mordor Intelligence Pvt Ltd
Content info: 158 Pages
Delivery time: 2-3 business days
The Turf & Ornamental Chemical Input Market is expected to witness a CAGR of 4.4% during the forecast period 2019-2024. Demand in the market is driven by factors such as the increasing use of IPM practices, increasing awareness about scientific maintenance of grasses, and a growing market for real estate and infrastructure.
Integrated Pest Management (IPM) is a revolutionary approach to reduce the damage to the environment due to pesticide abuse. IPM practices, along with their use in conventional crops, have also been witnessing growing use in the maintenance of turf & ornamental plants, due to the constant exceeding of pest aesthetic threshold. IPM for ornamental crops was quite nascent during 2010-12, as pest damage was within the economic threshold, where the damage justified the control costs. However, during the past three years, the visible pesticide damage to turf & ornamental plants has crossed the acceptable limit and the usage of IPM has now taken the hot-seat as an alternative to chemical pesticides. The deployment of IPM-produced eco-friendly and successful results with the same is driving the turf & ornamental chemical input market.
North America is a highly mature market for turf grasses. Huge residential regions with plenty of play areas, public parks, and golf courses define the extent of the market in the region. The market is expected to register a CAGR of of about 6% during the forecast period 2019-2024.
The Turf & Ornamental Chemical Input Market is cosolidated with the leading companies occupying majority of the global market. There are relatively high barriers to entry, with companies having well differentiated products, and well established chemical brands.