The Asia-Pacific Turf & Ornamental Inputs Market was worth USD 3.03 billion in 2021 and estimated to be growing at a CAGR of 4.98%, to reach USD 5.32 billion by 2026. This market has gained popularity for the manufacture and upkeep of high quality turf grasses and ornamentals.
It deals with the delivery and trade of several types of modern turf and ornamental scientific inputs such as pesticides, fertilizers and plant growth regulators for the proper management and upkeep of turf and ornamental grass.
Asia-Pacific Turf & Ornamental Inputs Market Drivers:
The growth of the Asia-Pacific Turf & Ornamental Inputs market is majorly driven by factors such as rapid advancement of the tourism industry, increasing area of land under golf courses and gardens, and better awareness about the scientific upkeep of turf & ornamentals. However, factors such as regulatory issues and high installation & usage costs are preventing the growth of the market in this region.
Asia-Pacific Turf & Ornamental Inputs Market – By Synthetic Chemical Inputs:
The Fertilizers segment is the largest segment, by Synthetic Chemical Inputs, with a market share of around 74%.
Asia-Pacific Turf & Ornamental Inputs Market – By Type of Turf Grass:
Bermuda grass leads this segment, with a market share of around 25% and is also projected to be the fastest growing segment.
Asia-Pacific Turf & Ornamental Inputs Market – By Type of Ornamental Grass:
This segment is led by Ravenna grass with a market share of around 32%.
The Asia-Pacific region is geographically segmented into
Australia. This region has the fastest-growing market during the forecast period, with countries such as China, India, Japan, and Australia showing high growth rates due to the continuously expanding turf industry. The growth of the market has been aided by the mounting popularity for sports and leisure activities in this region.
Major Key Players:
The market is categorized by the existence of diversified international and national companies, where the global retailers lead the market and are predicted to grow exponentially by securing regional or local players. The major companies dominating the Turf & Ornamental Inputs market in this region are Bayer, Syngenta, BASF, Best Forage LLC, Chemtura Agro Solutions, American Vanguard Corporation, Dow Agro Sciences, Adama Agricultural solutions and Nufarm Ltd.
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