This report studies Turf crop protection market dynamics elaborately to identify the current trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market
According to Precision Business Insights (PBI), the latest report the global turf and ornamental crop protection market is expected to be worth USD 4,500 million in 2021 and projected to grow at 4.5% CAGR from 2022 to 2028. Increase in the number of golf courses and sports grounds around the globe expected to fuel the market for turf and ornamental crop protection. Moreover, factors like increase in the adoption of gardening and lawns and growth in tourism sector around the globe are expected to boost the turf and ornamental crop protection market. Moreover, government initiations to maintain the decorating plants in various countries enables the growth of Turf growth regulators market. Increased concerns about the maintenance of turf quality, surge in awareness regarding different kinds of pests, diseases are expected to drive the revenue growth of turf and ornamental crop protection market. Moreover, increased per capita consumption of pesticides in Taiwan, China, Japan, and other countries is expected to drive the market in Asia-Pacific region. Increased trend towards golf courses, rising number of home lawns, increased awareness regarding the lawn maintenance are anticipated to accelerate the market revenue growth. North America accounted for larger revenue share in Turf ornamental grass protection Market, with moderate rate owing to increase in the number of golf courses and sports grounds in the region. Asia Pacific market projected to grow at significant rate due to inclination for better sport fields. Europe turf and ornamental crop protection market projected to reach USD 1,085.7 Mn by 2023 owing to surge of golf throughout the Great Britain and Ireland. For instance, in Europe 173 new golf facilities were created from 2010 to 2017. Turf ornamental grass protection market is fragmented in nature and players are focusing on creating awareness, product launches and agreements. For instance, in 2017, FMC Corporation entered into a definitive agreement with Nufarm Limited to divest a portion of FMC's European herbicide portfolio. Under the transaction, Nufarm will acquire FMC's SU-class herbicides and Florasulam.
The global turf and ornamental crop protection market segmentation:
1) By Type of Grass (Turf Grass (Rye Grass, Blue Kentucky Grass, Zoysia Grass, Tall Fescue, Bermuda Grass and Other Turf Grass.
2) Ornamental Grass: Feather Reed Grass, Fountain Grass, Fibre Optic Grass, Ravenna Grass, Purple Millet and Other Ornamental Grass), Origin Organic and Synthetic.
3) By Product Type: Insecticide, Fungicide, Herbicide, and Others.
4) Mode of Application (Soil Treatment and Foliar Spray
Some of the key players in the Turf crop protection market include Syngenta AG (Switzerland), Dow AgroSciences LLC (U.S.), The Andersons Inc. (U.S.), Idemitsu Kosan Co. Ltd. (Japan), FMC Corporation (U.S.), Evans Turf Supplies Ltd. (New Zealand), EpicoreBioNetworks Inc. (U.S.), Pure AG (U.S.), Eco Sustainable Solutions Ltd. (U.K.), CJB Industries, Inc. (U.S.), Sharda USA LLC., Martenson Turf Products, Inc. (U.S.).