Global Lawn & Garden Consumables Market Share Will Reach USD 21.73 Billion by 2030
The global lawn & garden consumables market size is expected to reach USD 21.73 billion by 2030 according to a new study by Polaris Market Research. The report “Lawn & Garden Consumables Market Share, Size, Trends, Industry Analysis Report, By Product (Seeds, Fertilizers, Pesticides, Others), By End-User (Residential, Commercial, Industrial); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing number of construction and building activities and rising inclination towards landscaping are the primary factors for the turf & garden consumables industry growth. In addition, rapid urbanization has resulted in environmental deterioration, such as escalating pollution, water contamination, and reduced air quality thereby, people are more tend towards developing green spaces and parks.
Besides, consumption offers several benefits, such as it improves soil structure, reducing carbon emission, as well as maintaining air quality and a healthy environment thus, these benefits also contribute to a surge in industry demand. Moreover, the government is also initiating several projects to establish green spaces, which, in turn, stimulate the industry demand across the globe.
Based on the end-use, the residential segment is dominating the global industry with the highest revenue shares owing to the rising number of construction and renovation activities, coupled with the increasing per capita income of the middle-class population.
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The increasing number of building and construction activities in various regions is stimulating the demand for lawn consumables in both residential and commercial spaces. Additionally, several regions create laws to construct gardens inside residential areas or large commercial spaces.
For instance, as per the National Building Code of India 2005 (Group 1), huge residential and commercial areas need to build garden areas to get permission from the Construction Industry Development Council (CIDC). Thus, lawn consumable is gaining massive traction among the population to construct a garden in renovating outdoor spaces or new houses for these practices projected to bolster the industry demand over the forecasting years.
Top Market Players
Market participants such as AE McKenzie, Ace Hardware Corporation, Agrium Incorporated, AMBRANDS, Andersons Incorporated, Amrep, APEX Nursery Fertilizer, BASF SE, Central Garden & Pet, Bayer AG, DLF Seeds A/S, J.R., Espoma Company, DowDuPont, Ferry-Morse Seed, Sakata Seed Corporation, Simplot Company, Premier Tech Limited, Scootney Springs Seed, Scotts Miracle-Gro, Spectrum Brands Holdings Inc., The Andersons Inc. are some of the key players operating in the global industry.
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Polaris Market Research has segmented the lawn & garden consumables market report on the basis of product, end-user, and region:
Lawn & Garden Consumables, Product Outlook (Revenue – USD Billion, 2018 – 2030)
Lawn & Garden Consumables, End-User Outlook (Revenue – USD Billion, 2018 – 2030)