The global market for turf, ornamentals and forage inputs comprises of supplying, managing and sale of various forage seeds and different types of turf and ornamental grasses. It also deals with pesticides, fertilizers and plant growth regulators (PGR) used in forage seeds, forage mixes, turf and ornamental grass.
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There has been an increase in the meat consumption worldwide. This resulted in an greater than before demand for Forage feed market. Feed cost is one of the biggest expenses in any dairy or livestock farm. In addition to reducing feed costs, high quality forage will reduce the vet costs of cattle by making them healthier. Also, return for the harvest is directly proportional to the quality of forage. Plant Growth Regulators are the chemicals used to enhance the growth of plants. Rise in organic farming practises results in increased demand for use of PGRs in Turf, Ornamental, Forage inputs market.
Americas and Asia-Pacific are the major regions in which utilisation of pesticides for turf and ornamental grass has increased. Americas lead the turf, ornamentals and forage inputs market by volumes as well as value. Asia-Pacific is the fastest growing region in this market. Rapid promotion of tourism, increasing area of land under golf courses and gardens is one of the major factors driving this market. There has been an increase in awareness among people in maintaining sports facilities and home landscapes. This results in an increased upkeep, using more inputs such as pesticides, fertilizers and plant growth regulators.
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Rapidly increasing population and rise in standards of food security are increasing the demand for Forage feed all over the world, mainly in the developing economies of Asia-Pacific region. Also, European countries have been adopting the usage of plant growth regulators because of their eco-friendly nature.
Market size and forecast are provided for each of these regions in the report. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Turf, Ornamentals Forage Market and future opportunities are featured as well. This report on the turf, ornamentals and forage inputs market identifies the key investment and M&A opportunities, besides providing a detailed analysis of the market.
Alfalfa is one of the important types of forage crops in the world. The market for alfalfas is steadily rising globally. In China, the alfalfa industry is estimated to grow and reach around 45 million tons by 2020 from 37 million tons in 2014.
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