Press release
Turf and Ornamental Crop Protection Market to reach US$ 5,047.6 Mn by 2023
Turf and Ornamental Crop Protection Market
The report on global turf and ornamental crop protection market gives historical, current, and future market sizes on the basis of grass type, origin, product type, mode of application, and region. This report studies Turf crop protection market dynamics elaborately to identify the current trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Key stakeholders of the Turf growth regulators market report include suppliers, manufacturers, marketers, policy makers, and agriculture service providers engaged in turf and ornamental crop protection products sale, use, and manufacturing.
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Increase in the number of golf courses and sports grounds around the globe expected to fuel the market for turf and ornamental crop protection. Moreover, factors like increase in the adoption of gardening and lawns and growth in tourism sector around the globe are expected to boost the turf and ornamental crop protection market. Moreover, government initiations to maintain the decorating plants in various countries enables the growth of Turf growth regulators market.
Increased concerns about the maintenance of turf quality, surge in awareness regarding different kinds of pests, diseases are expected to drive the revenue growth of turf and ornamental crop protection market. Moreover, increased per capita consumption of pesticides in Taiwan, China, Japan, and other countries is expected to drive the market in Asia-Pacific region. Increased trend towards golf courses, rising number of home lawns, increased awareness regarding the lawn maintenance are anticipated to accelerate the market revenue growth.
North America accounted for larger revenue share in Turf ornamental grass protection Market, with moderate rate owing to increase in the number of golf courses and sports grounds in the region. Asia Pacific market projected to grow at significant rate due to inclination for better sport fields. Europe turf and ornamental crop protection market projected to reach US$ 1,085.7 Mn by 2023 owing to surge of golf throughout the Great Britain and Ireland. For instance, in Europe 173 new golf facilities were created from 2010 to 2017.
Some of the key players in the Turf crop protection market include Syngenta AG (Switzerland), Dow AgroSciences LLC (U.S.), The Andersons Inc. (U.S.), Idemitsu Kosan Co. Ltd. (Japan), FMC Corporation (U.S.), Evans Turf Supplies Ltd. (New Zealand), EpicoreBioNetworks Inc. (U.S.), Pure AG (U.S.), Eco Sustainable Solutions Ltd. (U.K.), CJB Industries, Inc. (U.S.), Sharda USA LLC., Martenson Turf Products, Inc. (U.S.).
Turf ornamental grass protection market is fragmented in nature and players are focusing on creating awareness, product launches and agreements. For instance, in 2017, FMC Corporation entered into a definitive agreement with Nufarm Limited to divest a portion of FMC’s European herbicide portfolio. Under the transaction, Nufarm will acquire FMC’s SU-class herbicides and Florasulam. Moreover, players in the Turf crop protection market coming up with launch of newer products to garner larger market share in the market.
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