- Turf Grass
- Ornamental Grass
Turf and Ornamental Inputs Market size was valued at USD million in 2022 and is poised to grow at a CAGR of 4.7% from 2023-2029. The global market provides a detailed overview of the global turf and ornamental inputs market, and that can be segmented by type of grass and by product type. By type of grass, the global turf and ornamental inputs market has been segmented into Turf Grass and Ornamental Grass. Turf grass is further sub-segmented into Rye Grass, Blue Kentucky Grass, Zoysia Grass, Tall Fescue, Bermuda Grass. Ornamental grass is further divided into Feather Reed Grass, Fountain Grass, Fibre Optic Grass, Ravenna Grass, Purple Millet. The interactive voice responses (IVR) turf and ornamental inputs segment are likely to be the largest and fastest-growing segment in terms of type. Turf grass segment is growing at a significant rate and is expected to maintain the growth in the forecasted years. Based on product type, the global turf and ornamental inputs market is segmented into Plant Growth Regulators, Pesticides, and Fertilizers. Among these, the fertilizer segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to precision business insights. Turf and Ornamental inputs are substances which are used for proper maintenance of turf and ornamental crops such as grass, landscapes, horticulture plants, decorative plants, etc. These turf and ornamental inputs will ensure the health and growth of the turf and ornamental crops. Turf and ornamental inputs market is growing at faster rate due to increasing demand for turf and ornamental inputs especially in developing countries like North America, Europe. The global market players are focusing on collaborations, acquisitions, mergers, investments on R&D activities to gain the market traction.
Fastest Growing Market
Increasing pest management practices for turf grasses, growing awareness among consumers regarding chemical inputs are anticipated to propel the market growth over the forecast years. Moreover, rapid increase in tourism sector, rise in area of land for golf courses, adoption of gardening and maintenance of lawns are boosting the global market growth.
The fastest-growing segment of the global turf and ornamental inputs market is Fertilizer segment.
The turf and ornamental inputs market is poised to grow at a significant CAGR of 4.7% over 2022–2028.
Historic years considered for the market study are 2017 through 2021, 2021 is considered as the base year for market estimation and Seven years forecast presented from 2022 – 2028.
The rapid increase in tourism sector, rise in area of land for golf courses, adoption of gardening and maintenance of lawns are boosting the global market growth. However, high cost associated with the products may hamper the global market growth.