The global lawn and garden consumables market size was US$ 17,147.6 million in 2021. The global lawn and garden consumables market is forecast to grow to US$ 23,966.1 million by 2030 by registering a compound annual (CAGR) of 5.9% during the forecast period from 2022 to 2030.
Factors Influencing the Market
The growing range of commercial and residential projects will benefit the global lawn and garden consumables market. According to data released by the U.S. Bureau and the U.S. Department of Housing and Urban Development, nearly 1,368,000 privately owned houses projects were completed in May 2021. Furthermore, the growing trend of gardens and lawns in the outdoor spaces will fuel the growth of the market.
Stringent regulations restricting the use of insecticides and pesticides may limit the growth of the market.
The growing popularity of urban green spaces and parks is forecast to contribute to the market growth. Furthermore, governments are also contributing to this trend as they have introduced various schemes to build green spaces and parks based on environmental guidelines. For instance, In India, the government has unveiled nearly 2,538 projects to develop 5,400 acres of green spaces and parks, which will ultimately benefit the lawn and garden consumables market.
Strategic partnerships and acquisitions by industry players will also escalate the growth of the market. For instance, Central Garden & Pet and Profitero, Inc. inked a strategic partnership with the aim to introduce an e-commerce business for all the products of Central Garden & Pet. Such strategies are forecast to push the market growth.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic has negatively affected the global economy, which ultimately impacted the construction industry. Government projects aiming at the development of green spaces were halted due to the shortage of laborers. Furthermore, difficulties in the supply chain and a sudden decrease in income further declined the demand for decorative plants and flowers throughout the COVID-19 period.
On the contrary, the wake of the pandemic increased gardening activities in households. As a result, it has been beneficial for the global lawn and garden consumables market.
Regional Analysis
The Asia-Pacific lawn and garden consumables market is forecast to grow as the largest market, owing to the growing range of construction activities and rising demand for lawns and gardens.
Furthermore, growing urbanization and rising demand for lawn and garden consumables from commercial buildings, parks & community gardens, and organic gardening will contribute to the growth of the market. Initiatives by governments have also contributed to the industry growth and are expected to offer lucrative opportunities in the near future. All of these factors will drive the Asia-Pacific lawn and garden consumables market forward.
Competitors in the Market
Market Segmentation
The global lawn and garden consumables market segmentation focuses on Product, Application, and Region.
By Product Type Outlook
By Application Outlook
By Regional Outlook
