Lawn & Garden - Iraq | Statista Market Forecast

In Iraq, the revenue generated in the Lawn & Garden market is projected to reach US$945.90m in 2024.
This market segment is anticipated to grow annually by 4.97% (CAGR 2024-2029).
When compared globally, United States leads in revenue generation, with an estimated amount of US$133bn in 2024.
Taking into account the total population figures, per person revenues amount to US$20.33 in 2024.
Despite the ongoing challenges and instability in Iraq, the demand for lawn and garden products is steadily growing as people seek to create a sense of normalcy and beauty in their surroundings.

Definition:

In the segment Lawn & Garden, the focus lies on products that help homeowners and landscapers create and maintain attractive and functional outdoor living spaces. Included in this segment are plants, gardening tools, gardening plant supplies, and outdoor power equipment. Outdoor accessories, such as umbrellas and sunshades, and outdoor storage, such as a garden house, as well as non-electric grills and garden décor are also part of the segment.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. Outdoor lamps are not included in this segment but can be found in the Lamps & Lighting segment of the Furniture market. For more information on the displayed data, click the info button on the right hand side of each box.

Gardening tools & outdoor power equipment
Plants & gardening supplies
Outdoor storage
Non-electric grills and supplies
Garden décor

Outdoor & garden furniture
Outdoor lamps
Farm and ranch supplies
Aquatic plants

The Iraq DIY & hardware store market for lawn & garden products is gradually growing, driven by factors such as increased consumer awareness of the importance of outdoor spaces and the convenience of online shopping. Despite minimal growth, the market is impacted by factors such as economic instability and lack of infrastructure for e-commerce.

Customer preferences: With the ongoing COVID-19 pandemic, consumers in the Lawn & Garden Market within the DIY & Hardware Store Market are increasingly prioritizing outdoor living spaces. This has led to a rise in demand for products such as patio furniture, outdoor kitchens, and fire pits. Additionally, as consumers spend more time at home, there is a growing interest in gardening and homegrown produce, driven by a desire for self-sustainability and health consciousness. This trend is expected to continue as consumers look to enhance their outdoor spaces and incorporate a more sustainable and healthy lifestyle into their homes.

Trends in the market: In Iraq, the Lawn & Garden Market within the DIY & Hardware Store Market is experiencing a shift towards sustainable and eco-friendly products. This trend is driven by increasing awareness about environmental issues and a growing demand for organic and chemical-free gardening solutions. As a result, there is a rise in the production and availability of eco-friendly gardening equipment and supplies. This trend is expected to continue in the future, as consumers become more conscious about their impact on the environment. Industry stakeholders can capitalize on this trend by offering a diverse range of sustainable products and promoting their environmental benefits. However, the use of green technology in this market may also lead to increased competition and price pressure, making it crucial for stakeholders to innovate and differentiate their offerings.

Local special circumstances: In Iraq, the Lawn & Garden Market within the DIY & Hardware Store Market is influenced by the country's hot and dry climate, making irrigation and drought-resistant plants essential for success. The market also faces challenges due to limited access to quality gardening tools and supplies. In contrast, the market in Europe may see a higher demand for aesthetically pleasing outdoor products due to cultural emphasis on outdoor living. Additionally, regulations on the use of certain chemical fertilizers and pesticides may vary between regions, creating unique challenges for businesses operating in the Lawn & Garden Market within the DIY & Hardware Store Market.

Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market is heavily impacted by macroeconomic factors such as consumer spending, economic stability, and demand for housing, as well as environmental concerns and regulations. Global economic trends, such as fluctuations in raw material costs and availability, can significantly impact the prices of lawn and garden products, affecting market demand and profitability. Similarly, national economic health and fiscal policies also play a crucial role in influencing consumer purchasing power and overall market performance. Furthermore, investments in infrastructure and construction projects can drive demand for lawn and garden products, while changes in regulations related to environmental protection can impose additional costs and influence consumer choices in the market.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

Gardening is becoming an increasingly popular pastime in the United States. The pandemic freed up a lot of spare time for many homeowners, allowing them to remodel and redecorate their homes and lawns. Not only has this led to an increase in home improvement projects, but also to a measurable growth of the garden equipment and plants market. In 2020, the combined sales of building materials and garden equipment grew by 14 percent compared to the year before, at more than 425 billion U.S. dollars. Similarly, that same year the market size of the plant and flower growing industry increased, recovering from a sales dip in 2019.