The global lawn & gardening consumables market size is expected to reach USD 25.80 billion by 2027, according to a new report by Vision Research Reports.
The global lawn and gardening consumables market size was valued at USD 19.40 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2020 to 2027.
Increasing inclination towards landscaping is likely to fuel the demand for lawn and gardening consumables among the consumers. The increasing number of residential and commercial projects, along with growing activities of transforming the outdoor spaces into relaxing areas, such as lounge, entertainment, outdoor kitchen, and party spots, is boosting the growth of the market.
With the expansion of housing and commercial construction, the market for lawn and gardening consumables is bound to witness growth in the interior decoration industry, landscaping being one of the segments.
Demand for landscaping products, such as plants, water fountain, and gazebos, is expected to drive the demand for various lawn and gardening consumables, such as fertilizers, pesticides, growing media, seeds, and mulch. Renovating outdoor spaces is one of emerging trends among the residential, commercial, and industrial sectors as they not only weave natural aesthetics to the infrastructure but also increases its value. This scenario is expected to propel growth of the global market.
Furthermore, growing trend of outdoor kitchen, which is generally constructed using large volumes of hardscaping products, is expected to boost the demand for lawn and gardening consumable products. In addition, rapidly expanding real estate sector will have a positive impact on lawn & gardening consumables market growth.
Fertilizers and seeds together accounted for more than 61% share of the overall revenue in 2019. These products form the essential needs as compared to other lawn and gardening consumable products. Apart from setting up lawns and gardens as a part of home decoration, they are also found in both rural and urban areas in predominantly small-scale subsistence agriculture systems.
Generally, home gardening refers to cultivation of a minimal portion of land for the purpose of mixed cropping that includes vegetables, herbs, plantation crops, fruits, spices, and medicinal plants as well as livestock that can be a supplementary source of food and income. To sustain the crop cultivation, fertilizers and seeds are the major elements that have been witnessing significant demand and are expected to exhibit a similar trend over the forecast period.
The residential segment led the market for lawn and gardening consumables and accounted for a share of more than 445% in 2019. Increasing number of construction projects, coupled with rising renovation activities, is driving the demand for lawn and gardening consumables in this sector. In addition, increasing disposable income levels in emerging markets will boost the product demand in this segment. The segment is also driven by the new construction and home remodeling projects.
For instance, in Canada, Garibaldi at Squamish Ski Resort is an upcoming residential project with a project value of 3.5 billion Canadian dollar. Oxford Place, M City Mixed-Use Development - Phase 2+, Rockcliffe Lands Redevelopment, and The Well are some of the few residential projects, each with a project value of more than 1 billion Canadian dollar.
The commercial segment is anticipated to witness significant growth in the years to come owing to increasing number of outdoor cafes and restaurants, renovation projects, and growing trend of upgrading the outdoor space to increase the infrastructure value. In addition, increasing initiatives to promote greenery in the surroundings are driving the commercial buildings, such as restaurants, hotels, entertainment parks, and playing grounds, to adopt landscaping, which, in turn, is expected to fuel the segment growth.
North America emerged the largest regional market for lawn and gardening consumables in 2019 and is expected to maintain its lead over the forecasted period. Growing trend of house and garden parties is expected to boost the demand for lawn and gardening products in the region. In North America, the U.S. accounted for more than 80% share of the overall revenue. Rebound in the housing market after recession in 2008 and increasing number of renovation projects in the region will boost the demand further.
Asia Pacific is estimated to be the fastest growing regional market for lawn and gardening consumables over the forecast period owing to growing target population, increasing levels of disposable income, and improving economic conditions in countries, such as India and China. In addition, rapidly expanding commercial and residential construction market in the region is likely to have a significant impact on market growth.
Some of the major players operating in the lawn and gardening consumables market include:
Ace Hardware Corporation
APEX Nursery Fertilizer
Premier Tech Limited
Scootney Springs Seed
Central & South America
Middle East & Africa
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Frozen Food Market Size, Share, Trends, Growth, Production, Consumption, Revenue and Forecast 2020 - 2027Read more...
Lawn and Gardening Consumables Market Size, Share, Trends, Growth, Production, Consumption, Revenue and Forecast 2020 - 2027Read more...
Aerosol Valve Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027Read more...
Electronic Contract Manufacturing Services Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027Read more...
Distributed Control Systems Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027Read more...