Report Code: A11866 | Pages: 256 | Jun 2021 | 6225 Views | ||
Author(s) : Nikhil M , Eswara P | Tables: 175 | Charts: 69 |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Lawn And Garden Consumables Market
Request Now !The global lawn and garden consumables market forecast was valued at $16.8 billion in 2020, and is projected to reach $26.3 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030.
Several companies have either shut down or shrank their operations due to the risk of infection among the workforce. This has temporarily hampered the demand and supply gap of the lawn and garden consumables. In addition, the declining income of customers has to lead to the contraction for the demand of ornamental plants and flowers amid the COVID-19 period.
A lawn is an area that is covered with soil, grass, and durable plants, which are sustained at short height using lawn movers. A garden is a well-planned area where ornamental plants, pinnacle plants, bushes, basils, or large trees are grown to maintain a healthy environment. These lawn spaces are used as a play area for kids, outdoor activities, and relaxation purposes, whereas gardens environ home that add aesthetic look to its surroundings.
Different types of grass such as Bermuda grass, bluegrass, fescue, and zoysia grass are used in lawn cultivation. These grasses are used depending upon type of soil in that area and climatic conditions. Both gardens and lawns require periodic maintenance such as watering plants, using fertilizers & pesticides, and controlling weed growth.
The major benefits associated with garden and lawn include improvement of the soil structure, trapping of trap stormwater runoff, and curbing carbon dioxide emission & cleaning air, thus maintaining a healthy environment. These benefits act as the key driving forces of the global lawn and garden consumables market. In addition, increase in inclination toward landscaping is predicted to escalate the global market growth. This is attributed to the fact that increase in income of the middle-class and high-income population has made people more linear toward landscaping practices, which involve planting ornamental flowers & shrubs and arranging pottery plants in a well-designed garden or lawn architecture. In addition, it includes regular maintenance of plants such as spraying pests & biological controls as well as applying fertilizers, insecticides, and fungicides with the engagement of different horticulture and gardening equipment. All these factors collectively escalate the demand for lawn and garden consumables, thereby augmenting the market growth, globally.
However, implementation of stringent regulations for the use of insecticides and pesticides restrains the market growth. This is attributed to the fact that insecticides and pesticides contain hazardous chemicals that may cause short-term as well as chronic adverse health effects on humans. Moreover, their overuse may harm the plants and flowers. In response to this, governments have set up laws and regulations for the use of insecticides and pesticides for agriculture activities. For instance, the Insecticide Act of 1968 governs the production, use, distribution, and sales of insecticide within India.
On the contrary, increase in trend for urban green spaces and parks is predicted to offer new opportunity in the forecast period. The population of most countries is increasing at an exponential rate, which, in turn, has led to rapid urbanization to meet the human needs. The growing urban population has led to environmental degradation such as increased pollution, poor air quality, and water contamination. To mitigate these effects, governments of various countries have launched several schemes to build green spaces and parks based on environmental guidelines. For instance, as per the guidelines of Atal Mission for Rejuvenation and Urban Transformation (AMRUT), each urban local body (ULB) should have at least one green space or park based on the environmental guidelines set by the Urban and Regional Development Plans Formulation and Implementation (URDPFI).
The global lawn and garden consumables market analysis is done based on product type, application, and region. Depending on product type, the market is segregated into fertilizers, pesticides, seeds, mulch, and others. Pesticide’s type is further categorized into insecticides, fungicides, herbicides, and others. The applications covered in the study include residential, commercial, and institutional. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include Agrium (Nutrien) Inc., BASF SE, Bayer AG, Central Garden & Pet, DLF Seeds A/S, J.R. Simplot Company, Sakata Seed Corporation, Scotts Miracle Gro, Spectrum Brands Holdings Inc., and the Andersons Inc.
The Asia-Pacific lawn and garden consumable market acquired 23.9% market share in 2020, and is projected to grow at the highest CAGR of 6.1% during the forecast period. This is attributed to increase in utilization of lawn and garden consumables across sectors such as commercial buildings, parks & community gardens, and organic gardening in Asia-Pacific.
In 2020, the fertilizers segment was the largest revenue generator, and is anticipated to grow at CAGR 4.6% in the forecast period, fertilizers provide essential nutrients, enhance growth, protect & strengthen plants, and resist diseases that make them suitable for gardens and lawns. The utilization of fertilizers in green spaces such as gardens, parks, lawns, nurseries, and others is escalating the demand of the global market.
By application, the residential segment dominated the global market in 2020, and is anticipated to grow at CAGR of 4.6% during forecast period. This is attributed to the fact that lawn and garden consumables such as fertilizers, insecticides, pesticides, biological controls, seeds, and garden soil are witnessing high adoption in houses, condominiums, townhouses, and apartments.
Key benefits for stakeholders
Impact Of Covid-19 On The Global Lawn And Garden Consumables Market
Key market segments
By Product Type
By Application
By Region
Key players in the global lawn and garden consumables market are:
Lawn and Garden Consumables Market Report Highlights
Aspects | Details |
---|---|
By PRODUT TYPE |
|
By APPLICATION |
|
By Region |
|
Key Market Players | J.R. Simplot Company, Agrium Inc (Nutrien), BASF SE, The Andersons, Inc, DLF Seeds A/S, Sakata Seed Corporation, Bayer AG, Spectrum Brands Holdings, Inc, Central Garden & Pet, Scotts Miracle Gro |
Loading Table Of Content...
The global lawn and garden consumables market is expected to exhibit high growth potential, as the building & construction activities in most countries are increasing rapidly, which, in turn, has surged the demand for lawn and garden consumables for lawn and turf care in commercial and residential spaces. According to a report published by the U.S. Bureau and the U.S. Department of Housing and Urban Development, 1,681,000 new building permits have been released and 1,368,000 privately owned houses were completed in May 2021—which is 16.1% above the average construction rate as compared to May 2020. In addition, different countries have set up laws to construct gardens inside the premises of large commercial and residential spaces. For instance, according to the National Building Code of India 2005 (Group 1), large residential and commercial buildings must have a garden area to get a permit from the Construction Industry Development Council (CIDC), which is predicted to offer lucrative growth opportunities in the future.
The population of most countries is increasing rapidly, which, in turn, has led to rapid urbanization to meet the increasing human needs. The growing urban population has further resulted in environmental degradation such as increased pollution, poor air quality, and water contamination. To mitigate these effects, governments of different countries have launched several schemes to build green spaces and parks based on environmental guidelines. This is not only gaining immense attention in the market but is also emerging as a key strategy in terms of gaining additional market demand. Furthermore, the Indian Government has taken up 2,538 projects worth $218.4 million for the development of 5,400 acre of permeable green spaces and parks within the country. This is anticipated to increase the demand for lawn and garden consumables, thereby contributing toward the global market growth.
A. Increasing inclination towards landscaping and growing number of residential & commercial projects are the other major growth factors in the lawn & garden consumables market
A. The lawn & garden consumables market size is projected to reach $26.3 billion by 2030.
A. Agrium (Nutrien) Inc., BASF SE, Bayer AG, Central Garden & Pet, DLF Seeds A/S, J.R. Simplot Company, Sakata Seed Corporation, Scotts Miracle Gro, Spectrum Brands Holdings Inc., and the Andersons Inc. are most established players in the lawn and garden consumables market.
A. Residential industry is projected to increase the demand of lawn & garden consumables market
A. The global lawn and garden consumables market covers segments such as product type and application.
A. The major benefits associated with garden and lawn include improvement of the soil structure, trapping of trap stormwater runoff, and curbing carbon dioxide emission & cleaning air, thus maintaining a healthy environment. These benefits acts as the key driving forces of the global lawn and garden consumables market. It is the major growth factor in the global lawn and garden consumables market.
A. Commercial and institutional applications are expected to drive the adoption of lawn & garden consumables.
Start reading instantly.
This Report and over 53,743+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers