Lawn & Garden - Nepal | Statista Market Forecast

In 2024, the revenue generated in the Lawn & Garden market in Nepal amounts to NPR US$252.20m.
It is projected that the market will experience an annual growth rate of 4.20% (CAGR 2024-2029).
When compared to the global market, United States leads in revenue generation, with NPR US$133bn in 2024.
Taking into account the total population figures, the per person revenue in Nepal amounts to NPR US$8.07 in 2024.
Nepal's growing interest in organic gardening is driving the demand for eco-friendly lawn care products.

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 Lawn & Garden Market in Nepal has seen minimal growth due to factors such as low consumer awareness and limited access to digital technologies. However, the convenience and increasing health consciousness of consumers may drive growth in the future.

Customer preferences: With a growing emphasis on self-sufficiency and sustainable living, consumers in Nepal are increasingly turning towards DIY projects for their lawn and garden. This trend is driven by a desire to reduce dependence on outside resources and a renewed interest in traditional practices. As a result, there is a rise in demand for eco-friendly gardening supplies and tools, as well as a preference for locally sourced materials. Additionally, with a large portion of the population living in rural areas, there is a growing interest in organic gardening methods and self-sustainable practices.

Trends in the market: In Nepal, the Lawn & Garden Market within the DIY & Hardware Store Market is currently experiencing a trend towards sustainable and eco-friendly products. This trend is driven by increasing consumer awareness and demand for environmentally friendly options. Industry stakeholders are responding by offering a wider range of organic and natural gardening products, such as fertilizers and pesticides. Furthermore, there is a growing emphasis on water conservation and drought-resistant plants, in line with Nepal's efforts to address water scarcity. This trend is expected to continue, with potential implications for stakeholders such as increased competition and changing regulations promoting sustainability.

Local special circumstances: In Nepal, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the country's geographical and cultural factors. The mountainous terrain and diverse climate pose unique challenges for gardening and outdoor maintenance, leading to a demand for specialized tools and equipment. Additionally, the cultural emphasis on outdoor living and gardening as a hobby has contributed to the growth of this market. The market is also subject to distinct regulations, such as restrictions on the use of chemical pesticides, which have spurred the development of eco-friendly and organic gardening products.

Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Nepal is significantly impacted by macroeconomic factors such as the country's economic health, government fiscal policies, and global economic trends. Nepal's market performance depends heavily on its overall economic growth, stability, and policies that support the growth of the DIY & Hardware Store Market. Furthermore, investments in infrastructure and technology play a crucial role in promoting the use of lawn and garden products and services. With the increasing prevalence of urbanization and rising disposable incomes, there is a growing demand for lawn and garden products in Nepal, making it a lucrative market for companies operating in this sector. Additionally, favorable regulatory policies and government initiatives to promote the use of eco-friendly and sustainable products are expected to further drive the growth of the Lawn & Garden Market in Nepal. Overall, the market's performance in Nepal is influenced by a combination of local and global macroeconomic factors, making it essential for companies to stay updated on these trends to capitalize on emerging opportunities.

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.