Posted by IMARC Group, a leading market research company, has recently releases report titled “Artificial Turf Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global artificial turf market size reached US$ 3,379.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 4,779.7 Million by 2028, exhibiting a growth rate (CAGR) of 5.65% during 2023-2028.
Industry Overview of Artificial Turf
Artificial turf, also known as synthetic grass or fake grass, is designed to replicate the appearance and characteristics of natural grass. It is manufactured from synthetic fibers, such as polyethylene, nylon, or polypropylene, which are durable and resistant to environmental factors. It is cost-effective, versatile, and has low-maintenance requirements as compared to natural grass. It can be installed in private leisure areas, such as putting greens, playgrounds, and pet play areas, and offers a safe and enjoyable surface for leisure activities. It can also be tailored to specific requirements and allows for the creation of customized designs and functional spaces. It does not require regular watering, mowing, or fertilizing to maintain a green appearance year-round, which makes it an attractive choice for areas with limited access to water or regions with extreme weather conditions. It creates visually appealing and sustainable landscapes and eliminates the need for regular irrigation. It assists in providing a consistent playing surface, ensuring fair competition, and enhancing athlete performance. It aids in reducing the need for pesticides and herbicides and promoting a chemical-free and eco-friendly landscape. As it does not produce pollen or allergenic plants and provides a longer lifespan, the demand for artificial turf is increasing across the globe.
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What are the growth prospects and trends in the artificial turf industry?
At present, the rising use of artificial turf in residential areas to provide enhanced aesthetics and maintain green lawns without the hassle of frequent maintenance represents one of the significant factors strengthening the growth of the market. Apart from this, the increasing adoption of artificial turf, as it reduces the need for pesticides and fertilizers, lowers chemical usage, and promotes a sustainable environment, is supporting the market growth. Additionally, there is a rise in the need for customized artificial turf to provide an attractive and unique look.
This, coupled with the increasing adoption of artificial turf, as it remains resilient in various weather conditions, such as rain, snow, and extreme heat, is offering lucrative growth opportunities to industry investors. In line with this, the growing demand for artificial turf to reduce the risk of injuries in sports and provide durable and consistent playing surfaces for sports like soccer, football, baseball, and golf while enhancing player safety is positively influencing the market. Moreover, innovations in artificial turf technology, such as advanced materials and installation techniques to improve product quality and durability, are contributing to the growth of the market.
Besides this, the rising employment of artificial turf, as it eliminates the need for regular irrigation, reduces water usage, and aligns with environmental sustainability, is bolstering the market growth. In addition, the increasing utilization of artificial turf, as it has low maintenance requirements and reduces long-term upkeep costs, is propelling the growth of the market. The escalating demand for visually appealing and well-maintained landscapes in both residential and commercial settings is also offering a positive market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Material:
- Polyethylene
- Polypropylene
- Polyamides
- Others
Breakup by Application:
- Household
- Sports and Leisure
- Restaurant and Hotels
- Airports and Commercial Offices
- Others
Breakup by Distribution Channel:
- Direct Sales/B2B
- Online Stores
- Specialty Stores
- Convenience Stores
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Act Global
- Co Creation Grass Co. Ltd
- Condor Group
- Dow Inc.
- ForestGrass Co. Ltd.
- Global Syn-Turf Inc.
- Polytan GmbH
- Shaw Industries Group Inc. (Berkshire Hathaway Company)
- SIS Group Ltd.
- SpectraTurf Inc. (Ecore International Inc.)
- Sport Group Holding GmbH
- Tarkett S.A.
- Koninklijke TenCate B.V.
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