The global turf and ornamental protection market of USD XX million in 2016 is expected to reach USD 6944.15 million by 2022, registering a CAGR of 4.80%. Among non-crop-based pesticides, this category accounted for more than 47% of the market share in 2015. Worldwide, these pesticides are gaining popularity for production and maintenance of high-quality turf grasses and ornamentals. Landscape and horticulture industry is the largest user of these pesticides.
The major driving factor for this impetus includes promotion of sports and tourism by planting wider areas of golf courses and gardens. The management of turf grass has attained a professional standing for the maintenance of home landscapes, as well as sports facilities. As a result, use of pesticides in eliminating unwanted pests is highly required in these settings. However, overall growth prospects for pesticides in turf and ornamental grass applications is slated to sustain a modest growth, given that their use is required in smaller quantities as compared to other application areas.
Utilization of pesticides in the maintenance of turf and ornamental grass has gained prominence in developing regions of the Asia-Pacific and Latin America. While North America leads in terms of volume and value, the Asia-Pacific is likely to post the fastest growth for pesticide use in turf & ornamental grass in both criteria. Despite this, North America and Europe will continue to be the largest regions for employing pesticides in the upkeep of turf and ornamental grass.
Key Industry Players
Major companies covered in the report include:
The key strategies used by companies in this market are new product registrations and acquisitions to enter new markets.
Key Deliverables in the Study