The Global Turf and Ornamental Grass Protection market has been estimated at USD 5.20 Billion in 2016 and is projected to reach USD 6.45 Billion by 2021, at a CAGR of 4.40% during the forecast period from 2016 to 2021. Pesticides constitute the largest share of the Turf and Ornamental Grass Protection market, with Bio-pesticides accounting for a comparatively minute share. Despite the fact that 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.
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.
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.
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.
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