Landscaping Products Market Revenue Reach $91.9 Billion | Global Industry Report Forecast 2025 | Market Research Report
The global landscaping products market size is expected to reach USD 91.9 billion by 2025 registering a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Growing importance of outdoor spaces as lounge, entertainment area, outdoor kitchen, etc. is driving the demand for landscaping products, such as plants, water fountain, and gazebos. Renovating outdoor spaces not only brings aesthetics to the infrastructure but also increases its value, which is also one of the key factors responsible for rising demand for these products. Rapidly expanding real estate industry is also expected to have a positive impact on the market growth over the forecast period.
Thus, rise in the number of residential and commercial projects is supporting the growth of this market. In addition, increasing disposable income levels and awareness about these products in emerging countries are expected to boost the demand further. The residential application segment holds the largest market share and is expected to retain its leading position throughout the forecasted years owing to rising trend of outdoor kitchens etc. North America is projected to account for the largest market share by 2025 owing to rapidly expanding real estate market post-recession in 2008.
On the other hand, Asia Pacific is estimated to register the fastest CAGR from 2019 to 2025 due to growing target population, disposable income levels, and improving economic condition in the emerging countries of the region. Companies in landscaping products market are undertaking strategic initiatives, such as expanding product portfolio and merger and acquisition. For instance, in 2018, Ecodynamics, Australia’s largest landscaping products and services company, merged its sub-brands WeBlow, Aquaseeding, and Mossrock. The company now consists of four divisions spanning landscaping, mulch, services, and the nursery.
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Further key findings from the study suggest:
- Planting material segment held the largest market share in 2018 and is expected to retain its market position over the forecasted period. Planting materials include plants, pots and planters, and grass seeds
- Commercial sector is estimated to be the fastest-growing application segment owing to growing commercial sector across the globe
- Moreover, rising focus on increasing the sustainability of the infrastructures will support the market growth in this segment
- Key companies in the global landscaping products market are Griffon Corp.; Haddonstone Ltd.; Home Depot Product Authority LLC; Kafka Granite LLC; Lehigh Hanson, Inc.; and Anchor Block Company
Grand View Research has segmented the global landscaping products market on the basis of product, application, and region:
Landscaping Product Outlook (Revenue, USD Million, 2015–2025)
- Ground Coverings
- Planting Material
- Hardscaping
- Outdoor Specialties
Landscaping Products Application Outlook (Revenue, USD Million, 2015–2025)
- Residential
- Commercial
