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(MoneyNewsWire.Net, December 15, 2017 ) The Asia-Pacific Turf & Ornamental Inputs Market was worth $0.95 billion in 2016 and estimated to be growing at a CAGR of 4.98%, to reach $1.21 billion by 2021. This market has gained popularity for the manufacture and upkeep of high quality turf grasses and ornamentals.
It deals with the delivery and trade of several types of modern turf and ornamental scientific inputs such as pesticides, fertilizers and plant growth regulators for the proper management and upkeep of turf and ornamental grass.
Browse market data tables and in-depth TOC of the Asia-Pacific Turf and Ornamental Inputs Industry to 2021 @ http://www.marketdataforecast.com/market-reports/asia-pacific-turf-ornamental-inputs-market-1485/
The growth of the Asia-Pacific Turf & Ornamental Inputs market is majorly driven by factors such as rapid advancement of the tourism industry, increasing area of land under golf courses and gardens, and better awareness about the scientific upkeep of turf & ornamentals. However, factors such as regulatory issues and high installation & usage costs are preventing the growth of the market in this region.
The Asia-Pacific Turf & Ornamental Inputs market is segmented based on Synthetic Chemical Inputs, Type of Turf Grass, and Type of Ornamental Grass. The market for Turf & Ornamental Inputs, on the basis of Synthetic Chemical Inputs, is classified into Fertilizers, Plant Growth Regulators, Pesticides, and Others. The Fertilizers segment is the largest segment, by Synthetic Chemical Inputs, with a market share of around 74%. On the basis of Type of Turf Grass, the Turf & Ornamental Inputs market is segmented into Zoysia Grass, Rye Grass, Bermuda grass, Blue Kentucky Grass, Tall Fescue, and Others. Bermuda grass leads this segment, with a market share of around 25% and is also projected to be the fastest growing segment. On the basis of Type of Ornamental Grass, the Turf & Ornamental Inputs market is segmented into Fountain Grass, Ravenna grass, Feather Reed Grass, Purple millet, Fibre Optic Grass, and Others.
This segment is led by Ravenna grass with a market share of around 32%.
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. This region has the fastest-growing market during the forecast period, with countries such as China, India, Japan, and Australia showing high growth rates due to the continuously expanding turf industry. The growth of the market has been aided by the mounting popularity for sports and leisure activities in this region.
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The market is categorized by the existence of diversified international and national companies, where the global retailers lead the market and are predicted to grow exponentially by securing regional or local players. The major companies dominating the Turf & Ornamental Inputs market in this region are Bayer, Syngenta, BASF, Best Forage LLC, Chemtura Agro Solutions, American Vanguard Corporation, Dow Agro Sciences, Adama Agricultural solutions and Nufarm Ltd.
Market Segmentation
1) By Synthetic Chemical Inputs
Fertilizers
Plant Growth Regulators
Pesticides
Others
2) By Type of Turf Grass
Zoysia Grass
Rye Grass
Bermuda grass
Blue Kentucky Grass
Tall Fescue
Others
3) By Type of Ornamental Grass
Fountain Grass
Ravenna grass
Feather Reed Grass
Purple millet
Fibre Optic Grass
Others
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Reasons to buy Asia-Pacific Turf & Ornamental Inputs Market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the Asia-Pacific market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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