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 a specialized surface covering that is designed to mimic the look and feel of natural grass. It is manufactured from synthetic fibers, typically made from materials like polyethylene, polypropylene, or nylon, and is installed on various outdoor and indoor surfaces to create a green appearance. It is versatile and cost-effective and has low maintenance requirements. It does not require regular watering, mowing, or fertilizing as compared to natural grass, which makes it an attractive alternative for businesses and homeowners seeking an aesthetically pleasing and sustainable landscaping solution. It conserves significant amounts of water and is especially valuable in regions with water restrictions or drought-prone areas. It also reduces carbon emissions by eliminating the use of lawn mowers and other gas-powered equipment. As it remains green and vibrant even in high-traffic areas, such as sports fields, playgrounds, and commercial spaces, 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 growing demand for artificial turf, as it reduces the need for chemical pesticides and fertilizers and promotes a healthier and more sustainable environment, represents one of the crucial factors influencing the market positively. Besides this, advancements in artificial turf technology, such as improved aesthetics and performance that make it a more attractive option are impelling the growth of the market.
In line with this, the increasing demand for artificial turf, as it remains resilient in various weather conditions, such as rain, snow, and extreme heat, to ensure consistent playing surfaces for sports and recreational activities, is strengthening the market growth. Apart from this, the rising employment of artificial turf, as it reduces the risk of injuries in sports, is offering lucrative growth opportunities to industry investors.
Moreover, the growing demand for eco-friendly options to reduce environmental pollution is offering a favorable market outlook. Furthermore, the increasing utilization of artificial turf in residential areas to maintain green lawns without the hassle of frequent maintenance is supporting the market growth.
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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