Artificial Turf Market Size is Expected to Reach US$ 4,779.7 Million by 2028 | Top Key Players Data | Act Global, CoCreation Grass Co. Ltd, Condor Group

PRESS RELEASE
Published January 27, 2023

 According to the latest report by IMARC Group, 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.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2022

Historical Period: 2017-2022

Forecast Period: 2023-2028

Artificial Turf Market Overview:

Artificial turf or synthetic grass is used as a replacement for natural grass. It is made using polymer fibers such as polypropylene, nylon, polyamides, and polythene. Nowadays, artificial turf is extensively utilized in backyards, terraces, lawns, and residential gardens due to its cost-effectiveness, easy-care, durability, and aesthetic appeal. 

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Artificial Turf Market Trends:

One of the primary factors driving the market is the rising sports events and unfavorable climatic conditions for the proper growth of natural grass. Additionally, its water-saving property leads to its extensive application in hotels, restaurants, and airports. 

Besides this, the rising expenditure capacities have increased the demand for artificial turf as consumers are becoming more inclined toward attractive lawns and playgrounds in houses. Furthermore, various product variations, such as turfs with antibacterial, water-resistant, and long color holding properties, create a positive market outlook. 

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.

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Artificial Turf Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the artificial turf market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market 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.

List of  Major Key Players:

  • 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. 
  • TenCate Grass

The report has segmented the market on the basis of region, material, application and distribution channel.

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

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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