SEATTLE, May 21, 2019 (GLOBE NEWSWIRE) -- The global native grass seeds market was valued at US$ 8,493.2 million in 2018, and is projected to exhibit a CAGR of 8.6% over the forecast period (2019–2027), in terms of revenue.
Key Trends and Analysis of the Native Grass Seeds Market:
The native grass seeds market is expected to witness substantial growth over the forecast period. This is owing to increasing demand for native grass seeds from various applications such as land conservation and rehabilitation, landscaping, animal grazing and hay, biofuel, and fertilizer.
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Increasing adoption of grass seed for creating decorative gardens at residential or commercial space is a major factor fueling growth of the grass seed market. Furthermore, usages of lawn grass for development of golf course, sports grounds, and public parks is fueling growth of the grass seed market. Selection of appropriate seed is vital for growing a healthy lawn due to which water-conserving, drought-resistant grass seeds are developed for superior performance.
Manufacturers have to meet stringent regulations for cultivation of native grass seeds such as the Seeds Regulation Act in Canada. All seeds sold in Canada are governed by the Canada Seeds Act. According to the act, when any seed or a mixture of seeds is specified for land reclamation, soil conservation, green cover, wildlife grazing or habitat, wetland restoration, and similar purposes, and contain species not listed in Schedule 1 of the Act (Schedule 1 includes agronomics and some native cultivars), they must meet the minimum weed and crop seed standards listed for forage mixtures.
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Key Market Takeaways:
- The global native grass seeds market is expected to exhibit a CAGR of 8.6% during the forecast period in terms of revenue. Among product type, mixture segment is projected to be the fastest growing segment in the market throughout the forecast period.
- Among regions, North America is expected to witness major market share over the forecast period, owing to increasing demand for fertilizers which are enriched in organic material. For instance, the amount of organic matter in the upper four inches of tall grass prairie sod was 2.5 to 4.5 tons by dry weight per acre. Organic matter plays an important role in soil development. Organic carbon, nitrogen, and phosphorus are essential for all living organisms. Mine soils are usually low in organic matter, nitrogen, and phosphorus, and have a high clay content. Enriching reclaimed mine soils with organic matter may accelerate soil system development. Therefore, increasing demand for native grasses as a fertilizer to improve soil fertility is expected to drive growth of the native grass seeds market during the forecast period.
- Native grasses are well balanced source of nutrients for cattle, sheep, and horses. Feeding native grasses helps to ensure measured growth & development for these animals. Therefore, native grass seeds are widely preferred by breeders & livestock owners in order to maximize profit. Therefore, significant increase in demand for native grass in maintenance of hay-land is expected to boost the native grass seeds market growth during the forecast period.
- Some of the major players operating in the global native grass seeds market include, Millborn Seeds Inc., Outsidepride.com, Inc., Star Seed Inc., Wildflower Farm, Prairie Seed Farms, Bamert Seed Company, Everwilde Farms, Inc., American Meadows, Missouri Seeds Southern, Hedgerow Farms, Roundstone Native Seeds LLC, and others
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