According to the latest report by IMARC Group, titled “Global Artificial Turf Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, 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.
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.
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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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
Important Attribute and highlights of the Report:
Artificial Turf Market Trends and Drivers:
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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Global Artificial Turf Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis of region, material, application and distribution channel.
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