According to the report published by Allied Market Research, the global lawn and garden consumables market generated $16.8 billion in 2020, and is estimated to garner $26.3 billion by 2030, witnessing a CAGR of 4.6% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Rise in trend
toward landscaping, surge in adoption of organic farming, and increase in the
number of commercial and residential projects drive the growth of the global
lawn and garden consumables market. However, stringent regulations on the usage
of insecticides and pesticides along with issues of sustainability regarding
non-biodegradable fertilizers hinder the market growth. On the other hand,
trend towards urban green spaces and parks present opportunities in the coming
years.
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Covid-19
Scenario:
·
Manufacturing facilities have
been closed down to prevent cross-contamination in the workforce during the
Covid-19 pandemic. Moreover, there has been a supply-demand gap due to the
lockdown restrictions imposed by governments.
·
Owing to job losses,
discontinuity in businesses, and reduced disposable income, people have been
spending less on ornamental plants and flowers. This reduced the demand for
lawn and garden consumables.
·
However, surge in awareness
regarding health and sustainable development led to increase in gardening
activities during the Covid-19 pandemic. According to Reuters, the demand for
home gardening practices witnessed significant growth during the pandemic.
Moreover, W. Atlee Burpee & Co, the U.S.-based seed company, reported
increase in sales of seeds in March 2020.
The report
offers detailed segmentation of the global lawn and garden consumables market
based on product type, application, and region.
Based on product
type, the fertilizers segment contributed to the largest market share in 2020,
holding nearly one-third of the total share, and is expected to maintain its
lead position throughout the forecast period. However, the pesticides segment
is projected to witness the highest CAGR of 5.0% from 2021 to 2030.
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Based on
application, the residential segment held the highest market share in 2020,
accounting for nearly three-fifths of the global lawn and garden consumables
market, and is estimated to maintain its leadership status during the forecast
period. However, the institutional segment is expected to portray the largest
CAGR of 5.2% from 2021 to 2030.
Based on region,
North America accounted for the highest share in 2020, contributing to more
than two-fifths of the total share in terms of revenue, and is projected to
maintain its dominance by 2030. However, Asia-Pacific is estimated to register
the fastest CAGR of 6.1% during the forecast period.
Leading players
of the global lawn and garden consumables market analyzed in the research
include Agrium (Nutrien) Inc., Bayer AG, BASF SE, DLF Seeds A/S, Central Garden
& Pet, Sakata Seed Corporation, J.R. Simplot Company, Spectrum Brands
Holdings Inc., Scotts Miracle Gro, and the Andersons Inc.
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Us:
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Kumar, the CEO of Allied Market Research, is leading the organization
toward providing high-quality data and insights. We are in professional
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utmost accuracy in our market forecasting. Each and every data presented in the
reports published by us is extracted through primary interviews with top
officials from leading companies of domain concerned. Our secondary data
procurement methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the industry.
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