Market Size of Turf & Ornamental Inputs Industry
Study Period | 2018 - 2028 |
Market Size (2023) | USD 6.73 Billion |
Market Size (2028) | USD 8.32 Billion |
CAGR (2023 - 2028) | 4.34 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Turf & Ornamental Chemical Input Market Analysis
The Turf & Ornamental Inputs Market size is expected to grow from USD 6.73 billion in 2023 to USD 8.32 billion by 2028, at a CAGR of 4.34% during the forecast period (2023-2028).
- Turf and Ornamentals chemicals are Fertilizers, Pesticides, and other growth regulators that are required in the growth and protection of plants. The chemical input industry particularly for turf and ornamental has been transforming over the years, with robust growth coupled with changing crop mix trends and environmental regulations.
- Growing population, declining arable land, food security, and the need for augmented agricultural productivity are the significant factors driving the demand for higher agricultural output, thus augmenting the growth of the crop protection industry, globally. Turfgrass color and quality are optimized by colorants, particularly in situations where less irrigation input is needed. Regular treatments will enhance playing surfaces, lessen the need for mowing, and under extremely dry conditions, they can be used in place of overseeding.
- In situations where municipal and state governments have legislated water restrictions, colorants offer a useful tool. By favorably influencing the wetting, rewetting, and infiltration rates of the soils treated, soil surfactants are intended to lessen crop and grass physiological stresses present in naturally drought-prone soils.