Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
With the slowdown in world economic growth, the Zoysia Grass Seed Industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Zoysia Grass Seed market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Zoysia Grass Seed market size will be further expanded, we expect that by 2025, The market size of the Zoysia Grass Seed will reach XXX million $.
Zoysia is a genus of creeping grasses widespread across much of Asia and Australia, as well as various islands in the Pacific. Zoysia grass is widely used for lawns in temperate climates and on golf courses to create fairways and teeing areas.
Increasing focus on soil conservation is expected to propel growth of the global zoysia grass seed market over the forecast period. Zoysia grasses stop erosion on slopes and are excellent at repelling weeds throughout the year. Moreover, increasing funding for soil conservation is also expected to aid in growth of the market. For instance, in January 2020, The New York State Department of Agriculture and Markets announced US$ 1.3 million for increasing environmental protections on farms across the state.
Increasing expenditure on lawns is expected to contribute to growth of the global zoysia grass seed market. For instance, according to Garden Research’s 2018 National Gardening Survey, the U.S. spent US$ 47.8 billion in lawn and garden retail purchases. Moreover, increasing adoption of gardening is also expected to aid in growth of the market. For instance, according to Garden Research’s 2018 National Gardening Survey, 77% of U.S. households opt for gardening.
Decreasing number of golf courses is expected to hinder growth of the global zoysia grass seed market. For instance, according to the National Golf Foundation (NGF) Issues 2018 Golf Industry Report, the total number of U.S. golf facilities declined 1.5% in 2017, with the permanent closure of 205.5 18-hole equivalent courses and the opening of 15.5 new 18-HEQ.
Low-rainfall in various regions is expected to increase preference for zoysia grass, which is expected to offer lucrative growth opportunities for players in the market. The grass requires less fertilization and is less vulnerable to insect and fungus damage, depending on environmental conditions. Moreover, it grows slowly and frequent mowing is not required.
Key players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in November 2019, The J.R. Simplot Company signed an agreement to acquire all of the interests in Pinnacle Agriculture Enterprises, LLC and its subsidiaries.
Key Takeaways:
• Increasing focus on soil conservation is expected to augment growth of the global zoysia grass seed market over the forecast period
• Decreasing number of golf courses is expected to hinder growth of the market
• Major players operating in the global zoysia grass seed market include, Stover Seed, Seedland, Hancock Seed, J.R. Simplot, Pennington Seed, and Seed Ranch
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
--Stover Seed
--Seedland
--Hancock Seed
--J.R. Simplot
--Pennington Seed
--Seed Ranch
Section 4: Region Segmentation
--North America Country (United States, Canada)
--South America
--Asia Country (China, Japan, India, Korea)
--Europe Country (Germany, UK, France, Italy)
--Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation:
--Online Sales
--Offline Sales
Industry Segmentation:
--Lawns of Golf Course
--Residential
--Commercial Landscapes
--Sports Fields
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2025)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
