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The latest research study “Artificial Turf Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that The global artificial turf market reached a value of US$ 3,187.80 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4,522.0 Million by 2027 exhibiting a CAGR of 5.70% during 2022-2027.
Natural grass is substituted by artificial turf or synthetic grass. It is manufactured from polymer fibers like nylon, polyamides, polypropylene, and polythene. Due to its affordability, ease of maintenance, durability, and aesthetic appeal, artificial turf is now widely used in backyards, terraces, lawns, and residential gardens.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Artificial Turf Market Trends and Drivers:
The market is being driven in part by the increase in sporting events and difficult weather for the growing of natural grass. Additionally, due to its ability to conserve water, it is often used in hotels, restaurants, and airports.
Along with this, customers’ increased preference for attractive lawns and playgrounds inside of homes has increased demand for artificial turf due to expanding spending capacities. A positive market outlook is also produced by several product variations, such as turfs with antibacterial, water-resistant, and long colour retaining capabilities.
Moreover, the extensive investments made by governments of various nations in infrastructure development projects, easy product availability via online platforms, and rapid urbanization are some of the other growth-inducing factors.
Global Artificial Turf Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Act Global, CoCreation Grass Co. Ltd, Condor Group, Dow Inc., ForestGrass, Global Syn-Turf Inc., Polytan GmbH, Shaw Industries Group Inc. (Berkshire Hathaway Company), SIS Pitches, SpectraTurf Inc. (Ecore International Inc.), Sport Group Holding GmbH, Tarkett S.A. and TenCate Grass.
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The report has segmented the market on the basis of region, material, application and distribution channel.
Breakup by Material:
- Polyethylene
- Polypropylene
- Others
Breakup by Application:
- Households
- Sports and Leisure
- Restaurant and Hotels
- Airports and Commercial Offices
- Others
Market 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
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be deliver to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Read Also : Automotive Logging Device Market Share 2022-2027: Report
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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