The global lawn & gardening consumables market size is
anticipated to reach USD 25.94 billion by 2027, expanding at a CAGR of 3.6%
over the forecast period, according to a new report by Grand View Research,
Inc. Growing preference for landscaping and gardening activities across the
residential, commercial, and industrial sectors is expected to drive the market
for lawn and gardening consumables.
In addition, consumers
are increasingly investing in home improvement or home remodeling projects to
revamp their traditional household structure. Growth of the home values have
doubled the total homeowner equity in the past five years. This has allowed the
homeowners to feel richer and more disposed towards spending money on home
improvement. This scenario is propelling the preference for accommodating
gardening areas in the residential units. According to the American Housing
Survey conducted by Harvard’s Joint Center for Housing Studies, the home
improvement industry was valued at USD 383.3 billion in 2017.
Furthermore, wave of
millennials are buying homes, particularly older homes that require more
improvements, thus boosting the demand for landscaping products. According to a
research conducted by HomeAdvisor, millennials are investing in a greater
number of home improvement projects each year as compared to other age groups.
Moreover, many consumers are considering the concept of landscaping as an
essential part of interior decoration, which, in turn, is driving the demand
for lawn and gardening consumables.
North America emerged as
the largest regional market in 2019 and is expected to maintain its lead over
the forecast period. Growing trend of house occasions is expected to boost the
demand for lawn and gardening consumables in the region. Moreover, according to
the National Association of Home Builders (NAHB), the number of single-family
permits in U.S. has increased by 8.4% in 2018. Thus, rising developments in the
residential household category are expected to drive the need for home décor,
thereby resulting in the increased demand for lawn and gardening consumables.
For full research report on Lawn &
Gardening Consumables Market visit here: https://www.grandviewresearch.com/industry-analysis/lawn-gardening-consumables-market
Lawn & Gardening Consumables Market
Report Highlights
- By end user, the residential segment accounted for a
share of more than 45% in 2019 and is expected to expand at the highest
CAGR over the forecast period
- Based on product, fertilizers held a major share of
more than 32% in 2019 and is expected to maintain its lead in the next few
years
- Some of the major players operating in the lawn
& gardening consumables market are Ace Hardware Corporation, AE
McKenzie, Agrium Incorporated, AMBRANDS, Amrep, Andersons Incorporated,
APEX Nursery Fertilizer, BASF SE, DowDuPont, Espoma Company, Ferry-Morse
Seed, Premier Tech Limited, and Scootney Springs Seed.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/lawn-gardening-consumables-market/request/rs1
Lawn & Gardening Consumables Market
Segmentation
Grand View Research has segmented the global lawn &
gardening consumables market by product, end user, and region:
Lawn & Gardening Consumables Product
Outlook (Revenue, USD Million, 2016 - 2027)
- Fertilizers
- Seeds
- Pesticides
- Others
Lawn & Gardening Consumables End-user
Outlook (Revenue, USD Million, 2016 - 2027)
- Residential
- Commercial
- Industrial
Lawn & Gardening Consumables Regional
Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Middle East & Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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