Artificial Turf Market: An Exclusive Study On Upcoming Trends And Growth Opportunities | The Insight Partners

The scope of our recent study, titled "Artificial Turf Market Forecast to 2028 - COVID-19 Impact and Global Analysis - By Material (Polyethylene, Polypropylene, Polyamide, and Others) and Application (Residential, Commercial, and Sport)," includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

The artificial turf market was valued at US$ 2,847.28 million in 2021 and is projected to reach US$ 4,067.36 million by 2028. It is expected to grow at a CAGR of 5.2% from 2021 to 2028.

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The artificial turf market is a highly competitive one due to the presence of regional and global players. It is expected to continue to be a lucrative market in the coming years due to the growing demand for artificial turfs in various sports, residential, and commercial applications. It is manufactured from synthetic fibers. The quality of artificial turf mainly depends on the use of high-quality raw materials and apt equipment and the application of production expertise. The quality of the raw materials plays a vital role in the optimum performance of turf.

Major key players covered in this Artificial Turf Market report:

• The Dow Chemical Company
• Tarkett
• Act Global
• CCGrass
• TenCate Grass
• SIS Pitches
• Victoria PLC
• GreenFields BV
• HATKO
• Hellas Construction, Inc.,

Based on the material, the global artificial turf market is segmented into polyethylene, polypropylene, polyamide, and others. The polyethylene segment held the largest market share in 2020. Polyethylene is the most popular type of plastic used globally. It is highly resistant to water absorption, does not hold pet odors, and has a good combination of toughness and ductile strength. It is suitable for a variety of applications. Polyethylene grass is ideal for front and backyard applications, sports, and pets due to a combination of softness, realism, and the lack of moisture absorption.

The global artificial turf market is segmented into five main regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. In 2020, Asia Pacific held the largest revenue share in the global artificial turf market. The demand for artificial turf at sports facilities is increasing in this region as artificial turf requires less water use and chemicals, low maintenance, no irrigation, and is weather resistant. In addition, with rising globalization, the surge in the construction industry is becoming a key factor favoring the APAC artificial turf market.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Artificial Turf market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Artificial Turf market segments and regions.

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Impact of COVID-19 Pandemic on Artificial Turf Market

The COVID-19 pandemic severely affected many industries worldwide, including the chemicals & materials industry. The ongoing pandemic has affected the growth of the artificial turf market severely. Due to the shutdown of manufacturing units, disruption of supply chains, and raw material shortage, a massive slump in product sales was witnessed. However, the lockdown restrictions are being slowly lifted in various countries, which is expected to positively impact the chemicals & materials industries, including the artificial turf market, during the forecast period. Furthermore, the rising penetration of e-commerce platforms is projected to boost the sales of artificial turfs over the coming years.

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Question and Answers

Q.1. Can you list some of the major players operating in the global artificial turf market?
Ans. The major players operating in the global artificial turf market are The Dow Chemical Company; Tarkett; Act Global; CCGrass; TenCate Grass; SIS Pitches; Victoria PLC; GreenFields BV; HATKO; Hellas Construction, Inc.; among others.

Q.2 Which region held the largest share of the global artificial turf market?
Ans. In 2021, Asia Pacific held the largest share of the global artificial turf market. In Asia-Pacific, the demand for artificial turf is increasing, mainly due to the rising use of artificial turf in the residential sector. Moreover, the rise in residential and commercial infrastructural facilities across the region is driving market growth.

Q.3. Based on material, which segment is leading the global artificial turf market during the forecast period?
Ans. The polyethylene segment held the largest share of the global artificial turf market in 2021. Polyethylene is one of the most commonly used materials in the artificial turf industry. Polyethylene grass is ideal for front and backyard applications, sports, and pets due to a combination of softness, realism, and the lack of moisture absorption.

Q.4. Based on application, which segment is leading the global artificial turf market during the forecast period?
Ans. The sports segment held the largest share of the artificial turf market in 2021. It is one of the most crucial application segments of artificial turf and is most often used for baseball, football, rugby, soccer, lacrosse, and others.

Q.5. Based on application, which segment is the fastest-growing segment in the global artificial turf market?
Ans. The sports segment is the fastest-growing segment in the global artificial turf market during the forecasted period. Artificial turf is also commonly used in sports stadiums and arenas. There is a high demand for artificial turf from the sports industry due to easy maintenance and more playing time.

Q.6. Which region held the fastest CAGR in the global artificial turf market?
Ans. Europe is estimated to register the fastest CAGR in the global artificial turf market over the forecast period. With the presence of various artificial turf brands, Europe has been one of the key regions for the global artificial turf market. Europe is anticipated to witness a growing demand for artificial turf during the forecast period, owing to the increasing number of stadiums in the region.

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