Press release
Turf And Ornamental Grass Protection Market is projected to reach USD 5266.09 million by 2023 | Market Key Players are Arysta Lifescience, Bayer CropScience AG, Bio-works Inc, Cheminova A/S, DuPont, FMC Corp, Syngenta International, Valent Biosciences Cor
Pesticides constitute the largest share of the Turf and Ornamental Grass Protection market, with Bio-pesticides accounting for a comparatively minute share. Even though bio-pesticides have considerably lower market share, greater adoption of bio-pesticides for agricultural practices potentially can increase a company’s rate of utilization significantly.
Pesticides are most commonly used as plant protection products that, as a rule, protect plants from damaging influences such as weeds, plant diseases or insects Pesticides constitute a class of agrochemicals used for preventing the destruction of crops by pests, diseases and weeds.
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The market is mainly driven by the growth in global golf courses, increase in awareness towards quality and safety. Globally increasing population is also supporting growth of demand for Pesticides. Government regulations and consumer sentiments are playing a crucial role in driving the bio-pesticides market. Many countries came up with stringent laws related to curbing pesticide use for alleviating environmental damage and increasing consumer awareness about pesticide consumption, which is expected to be instrumental in slowing down growth in demand for synthetic pesticides. R&D costs associated with new active ingredients for pesticides are also a major hurdle that is being faced.
Turf and Ornamental Grass Protection Market Forecast Report (2018-2023):
Turf and Ornamental Grass Protection market has been estimated at USD 4008.33 million in 2018 and is projected to reach USD 5266.09 million by 2023, at a CAGR of 5.61% during the forecast period from 2018 to 2023.
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Turf and Ornamental Grass Protection Market Segmentation:
Global market for Turf and Ornamental grass protection is Segmented into Type and Product. Each of these segments are further sub segmented into Type: Turf, ornamental, and Product: Synthetic Pesticides, Synthetic Herbicides, Synthetic Insecticides, Synthetic Fungicides, Other Synthetic Pesticides, Bio-pesticides, Bio-herbicides, Bio-insecticides, Bio-fungicides, Other Bio-pesticides, other crop protection products. Crop protection chemicals market is being dominated by herbicides, accounting for over 41% of the total pesticide volume.
Geographically Global market for Turf & Ornamental grass protection is segmented into North America, Asia-Pacific, Africa, Latin America and Europe. North America and Europe dominate the global volume of pesticides used in maintaining Turf & Ornamental Grasses, given the predominance of golf courses and gardens in these regions. However, selected areas in Asia-Pacific and Latin America have been promoting sports and tourism by planting wider areas of golf courses and gardens, thereby justifying a faster growing consumption of pesticides in these regions.
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Major Players:
The main companies that are prominent in the market for Turf and Ornamental Grass Protection market are Adama Agricultural Solutions LTD, American Vanguard Corporation, AMVAC Chemical Corporation, Arysta Lifescience, Bayer cropscience AG, Bio-works Inc, Cheminova A/S, Chemtura agrosolutions, DuPont, FMC Corporation, Syngenta International AG and Valent Bio-sciences Corp.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.
The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
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