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(EMAILWIRE.COM, August 14, 2018 ) Global Turf and Ornamental Grass Protection market has been estimated at USD 4008.33 million in 2018 and is projected to reach USD 5266.09 million by 2023, at a CAGR of 5.61% during the forecast period from 2018 to 2023.
Global Turf and Ornamental Grass Protection Market covers numerous forms of products that are getting utilized within the ornamental lands and turf farms to safeguard them, by controlling the population of organisms that are thought to be harmful or those that will probably damage or adversely have an effect on their growth and health.
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The market is principally driven by the expansion in global golf courses, growing demand for adoption of turf grass, rising, rising consumer expenditure, and increasing in awareness among public towards quality and safety health.
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Drivers and Restraints:
Pesticides represent the biggest share of the Turf & ornamental Grass Protection market, with Biostimulants accounting for a comparatively minute share. Despite the fact that biostimulants have significantly lower market share, rising adoption of biostimulants for agricultural practices will probably increase the rate of utilization considerably.
Additionally, government regulations and consumer sentiments are having a vital role in driving the biostimulants market. Several countries came up with restrictive laws in efforts to curb pesticide use for reducing environmental damage and increasing consumer awareness about chemical pesticides consumption, which is predicted to be instrumental in slowing down growth in demand for artificial pesticides. R&D prices related to new active ingredients for pesticides are a significant hurdle that has been slowing down the market.
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Regional Overview:
As of now, due to the existing predominance of golf courses and gardens in the western regions of North America and Europe has led to their dominant share of global market. Whereas the Asia-Pacific and Latin America markets are expected to show faster growth due to the promotion of gardens and golf clubs to promote sports and tourism.
The major market contributors for the Global Turf and Ornamental Grass Protection market are Adama Agricultural Solutions LTD, American Vanguard Corporation, AMVAC Chemical Corporation, Arysta Lifescience, Bayer cropscience AG, Bio-works Inc, Cheminova A/S, Chemtura agrosolutions, DuPont, FMC Corporation, Syngenta International AG and Valent Bio-sciences Corp.
Market Data Forecast.
Abhishek Shukla
+1-888-702-9626
abhishek@marketdataforecast.com
Source: EmailWire.Com
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