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Global Turf Protection Market: Trends, Drivers, and Growth Projections

02-27-2024 03:42 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Markets and Markets

Global Turf Protection Market: Trends, Drivers, and Growth

The turf protection market, as analyzed in a comprehensive report by MarketsandMarkets, is poised for substantial growth, projected to reach USD 8.1 billion by 2028 from USD 6.4 billion in 2023, with a CAGR of 4.9% during the forecast period. This growth is primarily driven by the increasing demand for biological products, fueled by rising environmental awareness.

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Biological Products Driving Market Growth:

Biological products, derived from microbial, plant, or animal sources and enriched with micronutrients, are gaining traction in the turf protection market. These products, containing bio-based ingredients like plant and animal extracts, and fungi, offer effective pest control with fewer carcinogenic effects over prolonged usage, making them favorable among turf managers. Moreover, colonies of beneficial microorganisms multiply in the soil, enhancing soil quality and reducing the risk of groundwater contamination associated with chemical alternatives. As the focus shifts towards natural and environmentally friendly solutions, the demand for biological turf protection products remains optimistic.

Sports Turf Maintenance:

The sports turf segment holds a significant market share, driven by the need for proper maintenance and protection of playing surfaces in sports activities. Turf protection products, including chemicals and biostimulants, play a crucial role in ensuring the safety and longevity of natural grass turf. Chemicals such as herbicides, fungicides, and insecticides control pests, weeds, and diseases, while biostimulants promote healthy growth by enhancing soil structure and nutrient uptake. With the growing popularity of sports and the development of sports infrastructure, the demand for turf protection solutions in sports turf maintenance is expected to rise.

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South America: Emerging Market:

The South American region, encompassing Brazil, Argentina, Chile, and Colombia, is poised to boost market growth during the forecast period. Factors such as increasing demand for sports turf, the popularity of sports, and investments in sports infrastructure drive market expansion in the region. Brazil leads the South American turf protection market, supported by its extensive sports clubs and facilities. Argentina, Chile, and Colombia are also key markets witnessing growth due to their burgeoning sports culture and investments in sports infrastructure.

Key Players and Competitive Landscape:

Key players in the turf protection market include Syngenta Crop Protection AG, UPL Limited, Corteva Agriscience, Nufarm, Bayer AG, BASF SE, and others. The competitive landscape is characterized by strategic developments, including partnerships, mergers, and acquisitions, aimed at strengthening market presence and product offerings. In-depth competitive analysis, company profiles, recent developments, and key market strategies provide insights into the competitive dynamics of the turf protection market.

In summary, the global turf protection market is poised for growth driven by the increasing adoption of biological products, particularly in sports turf maintenance, and the emergence of South America as a significant market. With a focus on environmental sustainability and effective turf management, the market is set to witness expansion and innovation in the coming years.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/turf-protection-market-86414374.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

About MarketsandMarkets™

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Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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