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Turf Protection Market Outlook -Estimated Market Size And Growth Rate
Turf Protection Market
The Business Research Company's Turf Protection Global Market Report 2023 identifies increasing focus on sports as the major driver for the Turf Protection market's growth in the forecast period. Sport refers to an activity involving physical and mental skills, with a primary focus on the activity and elements of competition or social participation. Turf protection is primarily used on sports fields or on stadiums as an artificial surface that looks and performs like real grass.
The global turf protection market size is expected to grow from $6.18 billion in 2022 to $6.52 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global turf protection market size is expected to reach $7.81 billion in 2027 at a CAGR of 4.6%.
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Major competitors in the Turf Protection market are Backyard Organics LLC, Corebiologic LLC, Eco Sustainable Solutions Ltd., Epicore Bionetworks Inc., Evans Turf Supplies Ltd.
A key trend in the Turf Protection market includes product innovation. Major companies operating in the turf protection market are focused on developing innovative products to strengthen their position in the market. For instance, in May 2021, BASF SE, a Germany-based chemical company introduced the insecticide Alucion 35 WG, a type of insecticide used for golf courses. This solution helps in controlling a wide range of surface-feeding insects, including nuisance ants, plant-eating ground bugs, caterpillars, and yearly bluegrass beetles.
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The Turf Protection market is segmented -
• By Product: Stress Protection, Pest Protection, Scarification
• By Type: Mechanical, Chemical, Biological
• By Application: Landscaping, Golf, Sports, Sod Growers
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Turf Protection market.
The Business Research Company's "Global Turf Protection Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Turf Protection Market Include:
1. Executive Summary
2. Turf Protection Market Characteristics
3. Turf Protection Market Trends And Strategies
4. Turf Protection Market - Macro Economic Scenario
5. Turf Protection Market Size And Growth
…………………………………………………………………………………………
26. Africa Turf Protection Market
27. Turf Protection Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Turf Protection Market
29. Turf Protection Market Future Outlook and Potential Analysis
30. Appendix
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