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(MoneyNewsWire.Net, September 07, 2017 ) The North America Turf & Ornamental Inputs Market was worth $1.40 billion in 2016 and estimated to be growing at a CAGR of 4.21%, to reach $1.72 billion by 2021. This market has gained popularity for the manufacture and upkeep of high quality turf grasses and ornamentals.
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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.
The growth of the North America Turf and 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.
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The North America 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%.
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The North America market has been geographically segmented into segmented into US and Canada. North America will continue to be one of the largest markets for Turf & Ornamental Inputs as they employ inputs like pesticides, in the maintenance of turf and ornamental grass. Moreover, countries in this region are adopting the utilization of plant growth regulators due to their eco-friendly nature.
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.
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