Asia Pacific Turf And Ornamental Crop Protection Market was valued at USD 810.2 million in 2021, growing at a high CAGR of 5.3% from 2022 to 2028 to reach USD 1,159.2 million by 2028. Factors such as crop protection product toxicity, environmental friendliness, innovative production practices, new product offerings, increased availability, and the emergence of new pests have all contributed to the use of pesticides becoming a common practice in countries such as India, China, and other less developed countries in the region. Rising technology and advancements in agriculture chemistry have made pest management easier for farmers, and rising awareness about pesticides has not only increased the use of pesticides. Still, it has also increased the use of pesticides for crop protection, such as turf and ornamental, which drives the market in the region. Crop protection refers to various chemicals used to control and maintain grass and ornamental plants, including fungicides, insecticides, herbicides, nematicides, and molluscicides, among others. However, Pesticides are becoming more expensive. One of the most significant costs for a pesticide company is the development and certification of an active pesticide ingredient that hampers the turf and ornamental crop protection market in the Asia Pacific region. The turf and ornamental crop protection market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players, such as acquisitions, mergers, expansions, and new product launches, may enhance the company’s growth. For instance, In March 2022, BASF SE launched the open innovation platform AgroStart to inspire new digital solutions for agriculture.
In June 2018, BASF received the first global registrations in Australia and India for the new active ingredient, “Inscalis insecticide.” The active ingredient was discovered by the Japanese companies Meiji Seika Pharma Co. Ltd. (Meiji) and the Kitasato Institute. Installs insecticide’s unique mode of action provides a precise solution for controlling piercing-sucking pests.