Lawn and Garden Consumables Market worth USD 22066.2 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Lawn and Garden Consumables Market by Product Type (Fertilizers, Pesticides (Insecticides, Fungicides, Herbicides, and Others), Seeds, Mulch, and Others), by Application (Residential, Commercial, and Industrial), by Region – Global Share and Forecast to 2027". The global lawn and garden consumables market size is expected to grow from USD 16,847.6 million in 2020 to USD 22066.2 million by 2027, at a CAGR of 4.6% during the forecast period. An increase in awareness of the benefits of organic farming has made growers more inclined to grow vegetables, fruits, and other plants in their gardens, lawns, and other outdoor spaces. According to the data released by the U.S. Department of Agriculture's (USDA) National Agriculture Statistics Services (NASS), the number of organic farms increased by 17% between 2016 and 2019. This has increased the sales of certified organic fertilizers, fungicides, garden soil, and other organic agriculture products. Thus, an increase in organic farming is anticipated to boost the demand for lawn and consumables.

Global Lawn And Garden Consumables Market Segmentation

The overall lawn and garden consumables market has been segmented into product type, application, and region.

By Product Type Outlook (Sales, USD Million, 2017-2027)

• Fertilizers
• Pesticides
  • Insecticides
  • Fungicides
  • Herbicides
  • Others
• Seeds
• Mulch
• Others

By Application Outlook (Sales, USD Million, 2017-2027)

• Residential
• Commercial
• Industrial

By Region Outlook (Sales, USD Million, 2017-2027)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

Residential, by application, is estimated to hold the largest market share during the forecast period

Based on application, the global lawn and garden consumables market is segmented into residential, commercial, and industrial. The residential segment generated the highest revenue of 59.8% of the total global lawn and garden consumables market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. Lawn and garden consumables include fertilizers, insecticides, and biological controls that serve a wide range of applications in gardens, lawns, or outdoor spaces of residential facilities. These applications include lawn maintenance, pest control, plant nutrition, weed control, and soil nutrients. Fertilizers such as urea, potassium chloride, and diammonium phosphate are widely used in gardens and indoor plants to provide essential nutrients to enhance plant growth.

Lawn and garden consumables such as fertilizers, insecticides, pesticides, biological controls, seeds, and garden soil are gaining popularity across the residential sector. The utilization of lawn and garden consumables in gardens of houses, condominiums, townhouses, and apartments is a key trend in the global market. For instance, Spectrum Brands Holdings, Inc. registered increased net sales by $ 43.8 million for its home and garden segment in 2020 compared to 2019, owing to an increase in net sales of garden consumables in the residential sector. In addition, the presence of gardens and lawns in outdoor spaces adds value to houses. For instance, according to a survey conducted by a real estate company, HomeLight, the worth of homes with gardens is 1– 10% higher than homes with no garden. This has made people construct gardens in new houses or either renovate the outer spaces for gardening practices, which is anticipated to increase the demand for lawn and garden consumables, thus creating lucrative opportunities for the market.

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North America accounts for the largest market share in lawn and garden consumables market 2020

Based on the regions, the global lawn and garden consumables market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America accounted for the highest market share of 41.7% in the global lawn and garden consumables market and was anticipated to maintain its dominance throughout the forecast period. The global lawn and garden consumables market is analyzed across North American regions like the U.S., Canada, and Mexico. Residential gardening in the U.S. is increasing rapidly, which, in turn, boosts the demand for lawn and garden consumables. According to a report published by the National Gardening Association (NGA), approximately 35% of the households in the U.S. grow food either in their home or in community gardens. In addition, the Canadian Government is constantly engaged in building new city parks at various urban locations, which, in turn, is likely to enhance the performance of the lawn and garden consumables market in the region.

Lawn and garden consumables are widely used for providing nutrients, plant protection, and improving soil fertility. The utilization of lawn and garden consumables in green spaces such as gardens, parks, lawns, and landscapes is the major trend in North America. For instance, Agrium Inc. (Nutrien), a leading Canada-based potash and nitrogen manufacturing company, registered an increase in the net sales of potash and nitrogen segments for manufacturing fertilizers. In addition, the increase in awareness for growing vegetables and fruits in residential gardens in the U.S. has surged the demand for lawn and garden consumables to obtain sufficient yield and plant protection. Moreover, the Canadian Government is constantly engaged in building new city parks where lawn and garden consumables will provide nutrients and increase soil quality. This is anticipated to increase the lawn and garden consumables sales, thus creating lucrative opportunities for the market.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the lawn and garden consumables market. It also consists of the profiles of leading companies such as BASF SE, Bayer AG, Agrium Inc. (Nutrien), DLF Seeds A/S, J.R. Simplot Company, Central Garden & Pet, Sakata Seed Corporation, Scotts Miracle-Gro, The Andersons, Inc, and Spectrum Brands Holdings, Inc.

Browse complete report: https://www.marketstatsville.com/lawn-and-garden-consumables-market

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