The Europe Turf & Ornamental Inputs Market was worth $1.27 billion in 2016 and estimated to be growing at a CAGR of 4.37%, to reach $1.58 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/14/2018 -- The global marketplace for turf and ornamental inputs deals with provision and sale of various forms of turf and ornamental grasses and trendy scientific inputs like pesticides, fertilizers and plant growth regulators (PGR) for correct repairs, particularly in urban surroundings. Applicable inputs and pest management operations help to defend the investment in turf & ornamental landscapes and build an area pleasant to work, reside, or relax in.
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The Europe Turf & Ornamental Inputs Market is estimated to have a value of USD 1.27 billion in 2016. With a CAGR of 4.37%, the market size is expected to grow rapidly to cross USD 1.58 billion by 2021.
The primary factor driving the growth of the expansion of this market include rising demand from IPM practices in the maintenance of Turf & ornamental crops in the developed world, with such methods being enlarged to the urban setting that was so far confined to agricultural areas only.
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The augmented use of fertilizers has led to its biggest share by volume in this market by occupying about 74% of the market share. On the other hand, the Bermuda grass segment is anticipated to witness high growth rate due to its increased popularity.
Rising demand for IPM Practices, growing incomes among customers and increased awareness are the factors that are driving the market demand for chemical inputs in turf and ornamental sector. Restrictive problems in some parts of the region and high initial installation, application prices threaten the inputs market growth in short term.
Europe will continue to be one of the largest shareholders globally in conjoint with North America, mainly due to their increased use of pesticides and plant growth regulators to maintaining turf & ornamental grass inputs.
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The major contributors for the Europe Turf & Ornamental Inputs Market are Bayer, Syngenta, BASF, Best Forage LLC, Chemtura Agro Solutions, American Vanguard Corporation, Dow Agro Sciences, Adama Agricultural solutions and Nufarm Ltd.
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