Market revenue in 2019 | USD 2,397.4 million |
Market revenue in 2027 | USD 3,255.3 million |
Growth rate | 3.9% (CAGR from 2019 to 2027) |
Largest segment | Residential |
Fastest growing segment | Residential |
Historical data covered | 2016 - 2018 |
Base year for estimation | 2019 |
Forecast period covered | 2020 - 2027 |
Quantitative units | Revenue in USD million |
Market segmentation | Residential, Commercial, Industrial |
Key market players worldwide | PT Ace Hardware Indonesia Tbk, Nutrien Ltd, Amrep Corp, Andersons Inc, Basf SE, Dow Inc, Espoma Organic, Central Garden & Pet Co, Premier Tech Home and Garden |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lawn & gardening consumables market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 43.88% in 2019. Horizon Databook has segmented the Latin America lawn & gardening consumables market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
Continuous expansion in the commercial sector, coupled with rising residential projects, is expected to result in the construction of a greater number of lawns and garden areas. This, in turn, is expected to boost the demand for lawn & gardening consumables in the coming years.
Fertilizers was the largest product category in 2019, accounting for over 28.0% of the market share. This product category was valued at USD 673.0 million in 2019 and is projected to reach USD 950.0 million by 2027, advancing at a CAGR of 4.4% over the forecast period.
Increasing construction of hotels and restaurants in countries such as Brazil, Chile, Peru, and Argentina is expected to provide lucrative growth opportunities for the commercial gardens and lawns category over the forecast period. For instance, according to Travel2Latam.com, as of July 2019, STR Hotels had 160 projects in the pipeline in the Central and South America region, representing 21,937 rooms under construction.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America lawn & gardening consumables market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America lawn & gardening consumables market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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