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DUBLIN , Jan. 26, 2022 /PRNewswire/ -- The "Artificial Turf Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The artificial turf market is expected to reach a volume of 2863.56 million square feet and a revenue of USD 12.68 billion by 2027, growing at a CAGR of 7.75% by revenue during the forecast period. The emergence of hybrid technology and artificial turf with anti-bacterial properties & natural components, including cork and others, is leading to the development of the market. The growth is attributed to the constant innovation by the artificial turf players in the market and the development of an upgraded product with better features and functionality. The application of the product is no longer limited to just sports but has expanded to other areas like landscaping purposes for indoor and outdoor settings. The vendors are increasingly emphasizing the usage of biodegradable materials to develop eco-friendly solutions. Moreover, the advent of recyclable products and customized products offers significant growth opportunities to the top artificial turf manufacturers in the industry. The following factors are likely to contribute to the growth of the artificial turf market:
The artificial turf market is segmented by:
Market Segmentation by Installation Type
Market Segmentation by Fiber Base Material
Market Segmentation by Infill Material
Market Segmentation by Pile Height
Market Segmentation by Distribution Channel
For more information about this report visit https://www.researchandmarkets.com/r/hxpog0
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