Artificial Turf Market accounted for US$ 2.9 billion in 2020 and is estimated to be US$ 5.2 billion by 2030 and is anticipated to register a CAGR of 6.1%. Artificial turf is a surface, it is used in areas where grass surface is required, like big fields or grounds. Artificial turf is recyclable and that have a low environmental impact, artificial turf is a manmade surface it produces using synthetic fibers. They eliminate the need for any kind of pesticides or fertilizer thus reducing the amount of chemicals that make their way to the water table. It can also eliminate the need for lawn maintenance equipment so reducing the dangerous emission, a key ingredient of smog. With rapid leaps in technology, have finally been ready to begin mimicking natural grass in touch and comfort.
The report " Global Artificial Turf Market, By Material (Polyethylene, Polypropylene, and Polyamides (Nylon)), By Application (Contact Sport, Leisure & Landscaping, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
- AstroTurf Corporation Launched Interactive Virtual Campus to Showcase Products, in which Advancing the boundaries of performance and durability for the artificial turf market for over 55 years, AstroTurf Corporation has fixed a new industry standard for digital marketing with the launch of the AstroTurf University Virtual Campus.
- In October 2020, Purchase Green Artificial Grass Launched Franchising Program. The launch of a nationwide franchising program is driving national artificial grass for its product manufacturing quality and distribution model.
Analyst View:
Nowadays increasing demand for the third generation of artificial turf and rising personal disposable income are major factors that boost the growth of the artificial turf market. Rising awareness about the environment-friendly and low maintenance properties, rising emergence of sports clubs and venues, and increase growing application in residential lawns are some indirect artificial turf market growth determinants. The rising penetration of e-commerce platforms in developing economics will generate lucrative remunerative artificial turf market growth. The faster growth of technology has helped synthetic grass yarn grow with leaps it acceptable in sports and home.
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Key Market Insights from the report:
Global Artificial Turf Market accounted for US$ 2.9 billion in 2020 and is estimated to be US$ 5.2 billion by 2030 and is anticipated to register a CAGR of 6.1%. The Global Artificial Turf Market is segmented by Material, Application, and Region.
- By Material, Global Artificial Turf Market is segmented into Polyethylene, Polypropylene, and Polyamides (Nylon).
- By Application, Global Artificial Turf Market is segmented into Contact Sport, Leisure & Landscaping, and Others.
- By Region, the Global Artificial Turf Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Competitive Landscape:
The key players operating the global Artificial Turf market involves Sport Group, Victoria PLC (Avalon Grass), FieldTurf, CoCreation Grass Corporation, Global Syn-Turf, Inc., ForestGrass, Controlled Products, LLC (GrassTex), Synlawn Artificial Grass, The Dow Chemical Company (DOW), and TigerTurf, and Challenger Industries Inc. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, For instance, in 2015, CCGrass has installed six artificial grass football pitches for the Gwangju 2015 Universiade in South Korea. All of them have gained the highest FIFA field certification.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
