- Turf Grass
- Ornamental Grass
Europe Turf and Ornamental Crop Protection Market size was valued at USD 1,305.3 million in 2021, growing at a high CAGR of 4.7% from 2022 to 2028 to reach USD 1,794.3 million by 2028. Crop protection refers to using pesticides to protect a crop from pests by controlling its population and safeguarding them so that no damage occurs. Growing awareness and demand for biopesticides to minimize environmental harm, and growth in floriculture, due to rising interest in the sports and landscapes that include turf surfaces and lawns drives the market in the European region.Â For Instance, However, increasing costs of raw materials and pesticides and regulations on pesticide use hampers the turf and ornamental crop protection market in the European region. In 2021, fungicides had a market revenue share of 27.4%, and from 2022 to 2028, it is predicted to increase at a CAGR of 5.0%. Demand for fungicides is expected to increase over the next years due to favorable climatic conditions for fungal growth. Fungicides can be either protectant or eradicated. Pesticides have a market share of 22.1% and are expected to increase at a CAGR of 4.3% in the future years. The liquid form of pesticides was used more commonly than the solid form. Synthetic pesticides lead the crop protection chemicals market, but there is a growing demand for biopesticides as there is increasing awareness about them being eco-friendly and less toxic. The Zoysia grass segment has a market share of 18.9% and is expected to increase at a CAGR of 4.5% in the coming years.
Fastest Growing Market
The turf and ornamental crop protection market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players, such as acquisitions, mergers, expansions, and new product launches, may enhance the companyâ€™s growth. For instance, In June 2018, Chr. Hansen and FMC Corporation have extended their collaboration to develop and commercialize natural agriculture testing solutions for another five years.
The turf and ornamental crop protection market is projected to expand at a CAGR of 4.7% during the forecast period
Bayer AG, BASF SE, Monsanto Company, ADAMA Ltd., Syngenta Crop Protection AG, DuPont, FMC Corporation., Nufarm Ltd, Sumitomo Chemical Co., Ltd., Cheminova A/S
Europe is the fastest-growing region for turf and ornamental crop protection market