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 study provides a detailed analysis of the industry, including the global artificial turf market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Artificial Turf
Artificial turf, also termed synthetic grass, is a carpet-like substance composed of man-made fibers intended to imitate natural grass. Created using various polymer materials such as polyethylene, nylon, polypropylene, and polyamides, it has become increasingly prevalent in arenas and stadiums for sports traditionally played on natural turf. Its recyclability, low environmental footprint, and water, pesticide, and fertilizer-free maintenance are key benefits. Over the past few years, synthetic grass’s popularity has soared for residential and commercial landscaping due to its longevity, low upkeep requirements, high quality, pleasing visual aspect, environmentally friendly qualities, and robust resistance to wear.
How Big Is the Artificial Turf Market?
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.
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What are the growth prospects and trends in the artificial turf industry?
The surging need for affordable, enduring, and low-maintenance flooring solutions in outdoor areas is a significant force propelling the market growth. Also, factors like frequent sports events, unsuitable weather for natural grass growth, and an uptick in the use of artificial turf fuel the market’s expansion. Various governments are pouring substantial resources into infrastructure development, leading to the construction of new commercial gardens, sports facilities, and stadiums.
Similarly, artificial turfs are increasingly being used in public places, including airports and hospitality venues, owing to their water conservation features, further driving the market growth. As consumer spending capacity and lifestyle quality improve, there’s a rising preference for appealing lawns and playgrounds, resulting in more artificial turf installations. Advancements such as color-retaining, wear-resistant, and antibacterial artificial turfs that prevent bacterial and germ spread are also spurring market growth.
Additional factors like swift urbanization, an expanding scope in leisure and landscaping industries, and easy accessibility through e-commerce platforms present a favorable market perspective.
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:
- Households
- 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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