Dublin, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The "Global Lawn & Garden Consumables Market, By Product; By End user-Estimation & Forecast, 2017-2030" report has been added to ResearchAndMarkets.com's offering.
This report provides a deep dive into the latest trends, market size, and growth opportunities in the lawn and garden consumables sector.
Market Overview:
- Strong Growth Trajectory: The market, valued at US$ 20.72 billion in 2022, is expected to reach US$ 32.94 billion by 2030, growing at a CAGR of 6.24%.
- Volume Increase: In terms of volume, the market was at 28.98 thousand tons in 2022, set to expand at a CAGR of 4.99% during the forecast period.
Growth Influencers:
- Key Benefits: Improved soil fertility, plant growth enhancement, and effective pest control drive market growth.
- Regulatory Challenges: Stringent regulations on insecticides and pesticides usage present potential challenges.
- New Market Opportunities: Emergence of new economies offers significant growth opportunities, despite cost-related challenges.
Segment Overview:
- Leading Product: Fertilizers with a market size of $7.12 Bn in 2022.
- Fastest-Growing Product: Pesticides, including insecticides, fungicides, herbicides, showing a CAGR of 6.82%.
- Dominant End-User Sector: Residential sector with a 44% market share in 2022.
Regional Analysis:
- North America: Dominating with over 35% market share in 2022.
- Europe: Divided into Western and Eastern Europe, with key countries like UK, Germany, France, Russia, and Poland.
- Asia Pacific: The fastest-growing region, led by China, India, and Japan, with a CAGR of 7.05%.
- Middle East & Africa: Includes markets like the UAE, Saudi Arabia, and South Africa.
- South America: Comprising Brazil, Argentina, and the rest of Latin America.
A selection of companies mentioned in this report includes
- Agrium
- Ace Hardware
- BASF SE
- Bayer AG
- Central Garden & PET
- DLF seeds A/s
- Expoma company
- Simplot Company
- Sakata Seed Corp.
- Scotts miracle Gro
- Spectrum brands holdings inc.
Key Insights:
- Projected Growth: Market predicted to grow at a CAGR of 6.24% from 2023 to 2030.
- Product and End-User Trends: Fertilizers lead the product segment, with the residential sector as the top end-user.
- Regional Dynamics: North America holds the highest market share, with Asia Pacific as the fastest-growing region.
- Market Leadership: Major companies hold a significant portion of the market share.
For more information about this report visit https://www.researchandmarkets.com/r/odd7vt
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