IMARC Group, a leading market research company, has recently releases report titled “Artificial Turf Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global artificial turf market share, size, growth, 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 known as synthetic grass or fake grass, is a revolutionary landscaping solution that is designed to mimic the appearance and feel of natural grass. It is crafted from synthetic materials like polyethylene and polypropylene. Artificial turf offers a low-maintenance alternative to natural grass, providing a lush green surface year-round without the need for constant watering, mowing, or fertilizing. As a result, it finds applications in various commercial and residential settings, including sports fields, residential lawns, golf courses, and public spaces around the world.
How Big Is the Artificial Turf Market?
The global artificial turf market size reached US$ 3,570.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 5,632.9 Million by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
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What are the growth prospects and trends in the artificial turf industry?
At present, the increasing emphasis on sustainable landscaping practices is propelling the adoption of artificial turf. In addition, businesses and homeowners are recognizing the need to conserve water resources and reduce the carbon footprint associated with lawn maintenance. Moreover, artificial turf offers an eco-conscious solution, as it eliminates the need for regular irrigation and chemical treatments while maintaining a pristine appearance.
Furthermore, professional sports teams, schools, and municipalities are increasingly opting for synthetic turf for their playing fields due to its durability, all-weather usability, and reduced maintenance costs. This, in turn, is providing lucrative growth opportunities for artificial turf manufacturers and installers. Additionally, innovations in artificial turf technology are leading to products that closely resemble natural grass in terms of look and feel.
In line with this, advanced UV-resistant materials ensure that artificial turf remains vibrant and resilient, even in harsh environmental conditions.
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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