Lawn & Garden - Peru | Statista Market Forecast

The revenue generated in the Lawn & Garden market in Peru is projected to reach US$1.20bn in 2024.
This market segment is expected to grow annually at a rate of 3.65% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries around Worldwide, United States generates the highest revenue in this market, amounting to US$133bn in 2024.
In terms of per capita revenue, each person in Peru is expected to generate US$34.67 in 2024.
Peru's growing interest in sustainable gardening is driving the demand for organic 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 DIY & Hardware Store Market in Peru is experiencing negligible growth due to factors such as limited access to digital technologies, low health awareness among consumers, and lack of convenience in online health services. These challenges hinder market growth despite its potential.

Customer preferences: As consumers in Peru focus more on achieving a greener and more sustainable lifestyle, there has been a noticeable increase in demand for organic and eco-friendly lawn and garden products. This trend is driven by a growing awareness of the environmental impact of traditional gardening methods, as well as a desire for healthier and safer options. Additionally, there has been a rise in DIY gardening and landscaping projects, as more individuals seek creative and cost-effective ways to beautify their outdoor spaces. This shift towards sustainable and self-sufficient gardening reflects a cultural value of being connected to nature and a desire for more personalized and hands-on experiences.

Trends in the market: In Peru, the Lawn & Garden Market within the DIY & Hardware Store Market is experiencing a rise in eco-friendly and sustainable gardening products. There is also a growing trend towards urban gardening, with more people living in cities looking for ways to incorporate plants into their living spaces. This trend is significant as it aligns with global efforts towards sustainability and healthy living. Potential implications for industry stakeholders include the need to adapt and innovate to cater to this emerging demand for eco-friendly gardening products and urban gardening solutions.

Local special circumstances: In Peru, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the country's diverse geography, ranging from coastal deserts to the Andes mountains. This has resulted in a wide variety of flora and fauna, leading to a unique demand for gardening and landscaping products. Additionally, cultural factors such as the importance of outdoor spaces for gatherings and celebrations contribute to the popularity of the market. In terms of regulations, stricter environmental laws have led to a demand for eco-friendly and sustainable products in this market.

Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Peru is impacted by macroeconomic factors such as economic stability, consumer spending trends, and government policies on domestic production and imports. The country's growing economy has led to an increase in disposable income, driving demand for DIY and gardening products. Additionally, government incentives for domestic production and investments in infrastructure have spurred market growth. However, fluctuations in global economic trends and changes in fiscal policies may impact the market's performance. As Peru continues to experience economic growth and stability, the Lawn & Garden Market within the DIY & Hardware Store Market is expected to see sustained growth.

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.