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Turf Protection Market 2024 - By Industry Analysis, Future Prediction, Business Overview And Forecast To 2033
Turf Protection Market
Turf Protection Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $8.21 billion In 2028 At A CAGR Of 4.6% :
The turf protection market size has grown strongly in recent years. It will grow from $6.52 billion in 2023 to $6.87 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to biopharmaceutical industry growth, advance therapeutics, public health concerns, r&d investments, rising incidence of viral infections..
The turf protection market size is expected to see steady growth in the next few years. It will grow to $8.21 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to vaccine production demand, cell and gene therapies, bioprocessing industry expansion, globalization of clinical trials, focus on personalized medicine, environmental sustainability.. Major trends in the forecast period include digitalization and automation, public-private collaborations, adoption of single-use technologies, viral safety in cell and gene therapies, risk mitigation strategies..
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Turf Protection Market Major Segments
The turf protection market covered in this report is segmented -
1) By Product: Stress Protection, Pest Protection, Scarification
2) By Type: Mechanical, Chemical, Biological
3) By Application: Landscaping, Golf, Sports, Sod Growers
Key Driver - Rise In Sports Industry To Drive Market Growth
The increasing focus on sports is expected to propel the growth of the turf protection market going forward. 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 such as real grass. It helps drain water away, minimizes required storage space, and prevent from damages. For instance, in September 2022, according to University Campus of Football Business (UCFB) Limited, a UK-based higher education institution dedicated to the football and sports industry, the sports sector is estimated to be worth a staggering $39 billion in the UK, and between 2022 and 2026, total income is projected to expand at an average annual rate of 9.15 %. Furthermore, in January 2023, according to Sports & Fitness Industry Association, a US-based a trade association, sports participants in US is increased from 67 million in 2020 to 68.3 million in 2021, up 1.8 %. Therefore, the increasing focus on sports is driving the growth of the turf protection market.
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Prominent Trend - Product Innovations Transforming The Turf Protection Market
Product innovation is a key trend gaining popularity in the turf protection market. 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. Alucion 35 WG insecticide is the only pyrethroid-containing insecticide for golf courses with a non-restricted use label and is anchored in an excellent formulation for easy mixing and handling to deliver healthy greens and uninterrupted play.
Turf Protection Market Players
Major companies operating in the turf protection market report are Backyard Organics LLC, Corebiologic LLC, Eco Sustainable Solutions Ltd., Epicore Bionetworks Inc., Evans Turf Supplies Ltd., FMC Corporation, Idemitsu Kosan Company Ltd., Nuturf Pty. Ltd., Dow Agro Sciences LLC, Pure Ag LLC, Syngenta AG, AMVAC Chemical Corporation, BASF SE, Bayer AG, UPL Limited, The Andersons Inc., Lallemand Inc., Lucerne biotech, Soil Technologies Corp., TeraGanix, SePro Corporation, Liphatech Inc., Precision Laboratories LLC, Corteva Inc., Sumitomo Chemical Australia, ADAMA Ltd., Verdegaal Brothers Inc., Certis LLC, Isagro S.p.A., Valent Biosciences LLC
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Largest And Fastest Growing Region In The Market
North America was the largest region in the turf protection market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global turf protection market during the forecast period. The regions covered in the turf protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Turf Protection Market Report Structure
3. Turf Protection Market Trends And Strategies
4. Turf Protection Market - Macro Economic Scenario
5. Turf Protection Market Size And Growth
…..
27. Turf Protection Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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