Turf and Ornamental Chemicals Market Size, Share & Industry Analysis, By Type of Turf Grass (Bermuda Grass, Zoysia Grass, Blue Kentucky Grass, Rye Grass, Tall Fescue, Others), By Type of Ornamental Grass (Feather Reed Grass, Fountain Grass, Purple Millet, Ravenna Grass, Fibre Optic Grass, Others), By Application (Pesticides, Fertilizers, Plant Growth Regulators, Others) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Small trees or plants, integrated into the scenery as decorations, are called turfs or ornamentals. Chemical inputs include fertilizers , growth regulators and pesticides which is be sprayed to soil, immediately to seedlings or added to maintain soil fertility, yield crop quality and improve crop development. Similarly, precision agriculture chemicals are a category of fertilizers and pesticides used to prevent pests and diseases from destroying crops.
Proper rules of the relevant institution concerning the use of pesticides are market-driven. In addition to their usage in traditional crops, there has also been a increasing use in the management of turf & ornamental plants due to frequent usage of the pest aesthetic limit, thus driving market growth. One such management is Integrated Pest Management (IPM), which is a groundbreaking strategy for reducing environmental damage caused by pesticide abuse and therefore leads to market growth. However, increasing environmental issues are anticipated to limit the market growth.
Key Market Driver -
Proper regulations by concerned institution related to use of pesticides drives the market.
Key Market Restraint -
Threat related to environmental concerns restrict the market growth
Market Segmentation:
Based on type of turf grass, the market for turf and ornamental chemicals is further segmented into bermuda grass, zoysia grass, blue kentucky grass, rye grass, tall fescue, and others. Based on type of ornamental grass, the market for turf and ornamental chemicals is further segmented into feather reed grass, fountain grass, purple millet, ravenna grass, fibre optic grass, others. Based on application, the market for turf and ornamental chemicals is further segmented into pesticides, fertilizers, plant growth regulators, others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global turf and ornamental chemicals market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the turf and ornamental chemicals market includes Adama Agricultural solutions American Vanguard Corporation, BASF SE, Syngenta, Bayer Crop Sciences, Chemisco Division of United Industries Corp., Nufarm Limited Ltd., Chemtura Agro Solutions, FMC Corporation, Gowan International, Koch Agronomic Services LLC and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Turf And Ornamental Chemicals Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
In terms of Geography, the turf and ornamental chemicals market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a very competitive marketplace for turf grass. Massive suburban areas with playgrounds, and golf courses characterize the size of the demand in the region. Asia Pacific witnesses high scope of market growth due to an expansion in the turf industry in regions driven by a rise in interest for sports and leisure. Europe holds substantial market share owing to the applications of fertilizer in turf and ornamental plants. Middle East and Africa are projected to see steady growth due to increased awareness and tastes for better home and décor aesthetics, which eventually contributes to business growth. Latin America is seeing relatively slow growth due to strict government regulations.
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Segmentation
ATTRIBUTE | DETAILS |
By Type of Turf Grass |
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By Type of Ornamental Grass |
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By Application |
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By Geography |
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Turf and Ornamental Chemicals Industry Developments
- In March 2019, BASF, a leading chemical corporation, has launched an insecticide which is helpful for nurseries, offering accuracy-targeted control strategies for killing insects and protect crops. This insecticide was named named Vebtigra. This introduction has helped the company to expand its footprint in the market.
- In March 2019, Bayer, a major chemical corporation, announced that it has introduced an indoor residual spray pesticide in Africa to assist combat several crop destruction by insects. This was named Fludora Fusion. This new launch has enabled the company to expand its product offerings across the globe and stand out in the market.
- Ongoing
- 2023
- 2019-2022
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