Global Artificial Turf Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Artificial Turf Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global artificial turf market reached a value of US$ 3,187.80 Million in 2021. Looking forward, the publisher expects the market to reach a value of US$ 4,522.0 Million by 2027 exhibiting a CAGR of 5.70% during 2022-2027.

Companies Mentioned

• 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.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Artificial turf, also known as synthetic grass, refers to a surface or carpet-like material made up of synthetic fibers designed to resemble natural grass. It is manufactured using polymer fibers, such as polyethylene, nylon, polypropylene, and polyamides. It is widely used in stadiums and arenas for sports that were originally played on natural grass surfaces. It is easily recyclable, has a low environmental impact, and eliminates the use of water, pesticides and fertilizers. In recent years, artificial turf has rapidly gained traction in residential and commercial applications for landscaping purposes due to its durability, low maintenance, superior quality, aesthetic appeal, eco-friendly nature, and resistance to wear and tear.

The escalating demand for cost-effective, durable and easy-to-maintain flooring products for outdoor applications represents the primary factor driving the market growth. Additionally, the increasing number of sports events and tournaments, and unfavorable climatic conditions for proper growth of natural grass are augmenting the demand for artificial turf. Besides this, governments of various countries are making heavy investments in infrastructure development projects for the construction of new commercial gardens, sports complexes and stadiums.

Along with this, the widespread adoption of artificial turfs in public places, such as airports, restaurants and hotels, due to their water-saving properties is propelling the market growth. Furthermore, the growing consumer inclination toward attractive lawns and playgrounds in homes or societies on account of inflating expenditure capacities and improving lifestyles is accelerating the adoption of artificial turfs.

Moreover, several product innovations, such as the launch of artificial turfs with long color holding, wear-resistant, and antibacterial properties that prevent the spread of bacteria and germs, are catalyzing the market growth. Other factors, including rapid urbanization, increasing applications in leisure and landscaping sectors, and easy product availability via e-commerce platforms, are also creating a positive market outlook.

Key Questions Answered in this Report:

• How has the global artificial turf market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global artificial turf market?
• What are the key regional markets?
• What is the breakup of the market based on the material?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global artificial turf market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Artificial Turf Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Material

7 Market Breakup by Application

8 Market Breakup by Distribution Channel

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/d8fxmc