Artificial Turf Market Size is predicted to develop at a CAGR of 5.2% from 2021 to 2028
Pune, India, Nov. 09, 2023 (GLOBE NEWSWIRE) — According to our new analysis examine, titled “Artificial Turf Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Material and Application,” the synthetic turf market was valued at US$ 2.85 Billion in 2021 and is projected to succeed in US$4.07 Billion by 2028. It is predicted to develop at a CAGR of 5.2% from 2021 to 2028. The market’s projected development in the course of the forecast interval is attributed to the rising demand for synthetic turf from the sports activities trade and growing demand for synthetic turf from the business and residential sectors.
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Artificial Turf Market: Competition Landscape
Some of the main gamers within the international synthetic turf market are The Dow Chemical Company; Tarkett; Act Global; CCGrass; TenCate Grass; SIS Pitches; Victoria Plc; GreenFields BV; HATKO; and Hellas Construction, Inc.
Artificial Turf Market Report Scope, Segmentations, Regional & Country Scope:
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Report Coverage |
Details |
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Market Size Value in |
US$ 2.85 Billion in 2021 |
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Market Size Value by |
US$ 4.07 Billion by 2028 |
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Growth price |
CAGR of 5.2% from 2021 to 2028 |
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Forecast Period |
2021-2028 |
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Base Year |
2021 |
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No. of Pages |
138 |
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No. of Tables |
59 |
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No. of Charts & Figures |
69 |
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Historical information available |
Yes |
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Segments coated |
Material and Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
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Country scope |
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
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Report protection |
Revenue forecast, firm rating, aggressive panorama, development elements, and traits |
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Companies Covered |
The Dow Chemical Company; Tarkett; Act Global; CCGrass; TenCate Grass; SIS Pitches; Victoria PLC; GreenFields BV; HATKO; and Hellas Construction, Inc |
The synthetic turf market is a extremely aggressive one as a result of presence of regional and international gamers. It is predicted to proceed to be a profitable market within the coming years as a result of rising demand for synthetic turfs in numerous sports activities, residential, and business functions. It is manufactured from artificial fibers. The high quality of synthetic turf primarily depends upon the usage of high-quality uncooked supplies and apt gear and the applying of manufacturing experience. The high quality of the uncooked supplies performs a significant function within the optimum efficiency of turf.
Based on the fabric, the worldwide synthetic turf market is segmented into polyethylene, polypropylene, polyamide, and others. The polyethylene phase held the biggest market share in 2020. Polyethylene is the most well-liked kind of plastic used globally. It is extremely proof against water absorption, doesn’t maintain pet odors, and has a superb mixture of toughness and ductile energy. It is appropriate for quite a lot of functions. Polyethylene grass is good for entrance and yard functions, sports activities, and pets resulting from a mix of softness, realism, and the shortage of moisture absorption.
The international synthetic turf market is segmented into 5 primary areas: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America (SCAM). In 2020, Asia Pacific held the biggest income share within the international synthetic turf market. The demand for synthetic turf at sports activities services is growing on this area as synthetic turf requires much less water use and chemical compounds, low upkeep, no irrigation, and is climate resistant. In addition, with rising globalization, the surge within the development trade is changing into a key issue favoring the APAC synthetic turf market.
The report consists of the segmentation of the worldwide synthetic turf market as follows:
By materials, the worldwide synthetic turf market is segmented into polyethylene, polypropylene, polyamide, and others. Based on the applying, the market is categorized into residential, business, and sport. By geography, the market is broadly labeled into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America (SCAM). North America consists of the US, Canada, and Mexico. Europe consists of Germany, France, the UK, Italy, Russia, and the Rest of Europe. Asia Pacific consists of China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa (MEA) consists of South Africa, Saudi Arabia, UAE, and the Rest of MEA. South and Central America consists of Brazil, Argentina, and the Rest of SCAM.
Key Developments:
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In 2021, Act Global introduced the launch of customized turnkey options to help personal faculties and establishments in planning, designing, and putting in an artificial turf sports activities discipline that matches their price range and meets their athletic and group wants.
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In 2020, SubjectTurf, a Tarkett Sports firm, introduced the acquisition of the property of Grass Manufacturers Pty Limited (Grassman), an Australian synthetic turf producer.
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Impact of COVID-19 Pandemic on Artificial Turf Market
The COVID-19 pandemic severely affected many industries worldwide, together with the chemical compounds & supplies trade. The ongoing pandemic has affected the expansion of the synthetic turf market severely. Due to the shutdown of producing items, disruption of provide chains, and uncooked materials scarcity, an enormous stoop in product gross sales was witnessed. However, the lockdown restrictions are being slowly lifted in numerous international locations, which is predicted to positively influence the chemical compounds & supplies industries, together with the synthetic turf market, in the course of the forecast interval. Furthermore, the rising penetration of e-commerce platforms is projected to spice up the gross sales of synthetic turfs over the approaching years.
Go by way of additional analysis printed by The Insight Partners: (Purchase with 10% Instant Discount):
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