[195+ Pages Report] The lawn & garden consumables market is set for rapid growth over the forecast period. In terms of revenue, the global lawn & garden consumables market accounted for USD 18,180 Million in 2019 and is expected to reach USD 23,410 Million by 2026, growing at a CAGR of 3.2%.
Global Lawn & Garden Consumables Market: Overview
Lawn and garden consumables are products that are used during the construction or maintenance of lawns and gardens. These products are used by the commercial, residential, as well as industrial sectors. The growing residential and commercial projects and increasing trend of transformation of outdoor spaces are boosting the market growth. Increasing landscaping projects are fueling the demand for lawn and garden consumables and are driving market growth.
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Global Lawn & Garden Consumables Market: Growth Factors
Increasing demand for landscaping products such as water fountains, birdhouses, garden accessories, gazebos, etc. is anticipated to drive the market in the upcoming years. Also, the growing trend of renovation of outdoor spaces in the commercial, residential, as well as industrial sectors is expected to drive the market further. The increasing middle-class population in developing countries such as China and India coupled with the rise in disposable income is anticipated to create lucrative opportunities for the market in the forecast period. Additionally, the current trend of setting up kitchens outdoors is expected to boost the market as during the construction of these kitchens hardscaping products are required in large amounts. However, health hazards and environmental concerns associated with the use of pesticides and fertilizers is are expected to hamper market growth.
Global Lawn & Garden Consumables Market: Segmentation
The global lawn & garden consumables market is bifurcated into its product type, application, and regions. Based on the product type, the global market is segregated into growing media, mulch, pesticides, seeds, fertilizer, and others. The fertilizer category is further divided into phosphate, micronutrients, nitrogen, and potash. Based on the application, the market is bifurcated into residential, golf turf, industrial, and commercial. Geographically, the global lawn & garden consumables market is diversified into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
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Global Lawn & Garden Consumables Market: Regional Analysis
North America region dominated the global lawn & garden consumables market in 2019 and is anticipated to continue its dominance in the upcoming years. The dominance of the North America market can be attributed to the increasing demand for home gardening in the U.S. and the increasing demand for seeds associated with it. The Asia Pacific region is anticipated to grow at the highest rate in the forecast period owing to the rising population in the region and the increasing middle-class population.
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Global Lawn & Garden Consumables Market: Competitive Players
Some of the key players in the lawn & garden consumables market are Nutrien, GroupeLimagrain Holding SA, JCAM Agri Company Limited, Haifa Chemicals Limited, Central Garden & Pet Company, DuluxGroup Limited, Simplot (JR) Company, Scotts Miracle-Gro, Premier Tech Limited, BASF SE, Bayer AG, Spectrum Brands Holdings Incorporated, Sakata Seed Corporation, COMPO GmbH & Company KG, Israel Chemicals Limited, DLF Seeds A/S among others.
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