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Turf & Ornamental Inputs Market: Regional Trends
Posted: Jul 15, 2015
The global turf and ornamentals inputs market comprises of various chemical inputs and seed inputs that are highly essential for commercial viability of the industry. The turf and ornamentals demand which started humbly in the developed world as a mark of affluence has been growing since to create an attractive niche market for itself. The plant and grass varieties which were considered as weeds are now put into use to make our work place, playground and home appealing and beautiful. Majority of urban settings around the globe are now concerned with planting those shrubs to possess beautiful landscapes.
As mentioned, developed regions are the pioneer for the segment’s increased popularity. Huge residential areas, large sports complexes and golf course are the segments that provide most of the demand. Enhanced awareness about the segment’s benefits and increased need for a better surrounding continue to drive the market demand in the region. Employing IPM practices have become popular in the region after the imposition of stringent regulations on pesticides use; the policy norms get stricter when dealing with the urban landscapes. IPM practices not only make the inputs application easier and hassle free, it also gives the liberty of better choices and better cost management. United States employs majority of the turf and ornamental input market share within the region followed by Mexico. Mexico’s warm season climate provide proper base for turf and ornamental production. Increased demand from US and export potential to other countries are driving inputs market demand in Mexico. Due to its unsupportive climatic condition, the market is in nascent stage in Canada.
People in the European region are well known for their explicit taste and grandeur when it comes to decorum of the surroundings. They always thrive for beauty and quality in their living standard and employing turfs and ornamental in the backyards is a pleasurable solution for this. The region is a matured market and moves behind North America in terms of market share and growth. Due to love for outdoor sports like football, Spain occupies around 10% of the European market for turf and ornamental input. France is the second largest grass producer in the region and is the fastest growing European country for turf and ornamental inputs.
The highest scope of improvement is seen in the developing regions like Asia-Pacific and Latin American countries. In Asia-Pacific, Japan is the largest player with over 40% of the market share followed by Australia. China and India are slated to show higher growth trend given the improving life style, increasing urban lands and great awareness. South American countries like Brazil and Argentina though full of opportunities are still at nascent stage; the region is going to witness a 3.8% growth rate in next five years.
In case of type of inputs, fertilizers tend to take major market share as they provide essential nutrients for the plat growth. Pesticides cover the second position in consumption while the growth rate for herbicides, fungicides etc. would be more than any other agrochemical consumption. Developing regions are more focused in establishing the segment whereas developed nations like US, France and Spain etc. need product innovation and quality for better maintenance of the established turfs. So situations in both the world differ but the sentiment and need for inputs market growth is felt in every region.
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