The global
market for turf, ornamentals and forage inputs comprises of supplying, managing and
sale of various forage seeds and different types of turf and ornamental
grasses. It also deals with pesticides, fertilizers and plant growth regulators
(PGR) used in forage seeds, forage mixes, turf and ornamental grass.
There has been an increase in the meat
consumption worldwide. Feed cost is one of the biggest expenses in any dairy or
livestock farm. In addition to reducing feed costs, high quality forage will
reduce the vet costs of cattle by making them healthier. Also, return for the
harvest is directly proportional to the quality of forage. Plant Growth
Regulators are the chemicals used to enhance the growth of plants. Rise in
organic farming practices results in increased demand for use of PGRs in Turf,
Ornamental, Forage inputs market.
Americas and Asia-Pacific are the major
regions in which utilisation of pesticides for turf and ornamental grass has
increased. Americas lead the turf, ornamentals and forage inputs market
by volumes as well as value. Asia-Pacific is the fastest growing region in this
market. Rapid promotion of tourism, increasing area of land under golf courses
and gardens is one of the major factors driving this market. There has been an
increase in awareness among people in maintaining sports facilities and home
landscapes. This results in an increased upkeep, using more inputs such as
pesticides, fertilizers and plant growth regulators.
Rapidly increasing population and rise in
standards of food security are increasing the demand for Forage feed all over
the world, mainly in the developing economies of Asia-Pacific region.
Also, European countries have been adopting the usage of plant growth regulators
because of their eco-friendly nature.
Market size and forecast are provided for
each of these regions in the report. A detailed qualitative analysis of the
factors responsible for driving and restraining growth of the Turf, Ornamentals
Forage Market and future opportunities are featured as well. This report on the
turf, ornamentals and forage inputs market identifies the key investment and
M&A opportunities, besides providing a detailed analysis of the market.
SAMPLE FIGURE: ALFALFA GRASS MARKET GROWTH FORECAST IN CHINA, 2014-2020
(Million Tons)
 |
| Global Turf, Ornamentals and Forage Inputs Market Trends |
Source: IndustryARC analysis
Alfalfa is one of the important types of
forage crops in the world. The market for alfalfas is steadily rising globally.
In China, the alfalfa industry is estimated to grow and reach around 45 million
tons by 2020 from 37 million tons in 2014.
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