The Latin America Turf & Ornamental Inputs Market was worth USD 0.52 billion in 2022 - 2027 and estimated to be growing at a CAGR of 3.45%, to reach USD 0.71 billion by 2026. This market is poised to grow significantly during the forecast period.
The market for Turf & Ornamental Inputs consists of providing, handling and sale of several types of turf and ornamental scientific inputs like pesticides, fertilizers and plant growth regulators (PGR) for proper management and upkeep of turf and ornamental grass.
Drivers and Restraints of Latin America Turf & Ornamental Inputs Market:
The growth of the Latin America Turf & Ornamental Inputs market is majorly driven by factors such as an increasing demand for turf & ornamental inputs from IPM practices, ease of availability, and better awareness about the scientific upkeep of turf & ornamentals. However, factors such as high installation & usage costs and strict regulations are restraining the growth of the market in this region.
Latin America 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%.
Latin America 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.
Latin America Turf & Ornamental Inputs Market – By Type of Ornamental Grass:
This segment is led by Ravenna grass with a market share of around 32%.
Latin America market region includes countries such as
and remaining countries of South America. Latin America Countries have been encouraging sports and tourism by establishing wider areas of golf courses and gardens, thereby driving the growth of the Turf & Ornamental Inputs market in this region.
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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