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Artificial Turf Market Size, $4,067.36 Million by 2028 Sports Industry Led, 5.2% CAGR – Proprietary Research Report by The Insight Partners

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

/EIN News/ — New York, Jan. 21, 2022 (GLOBE NEWSWIRE) — According to our new research study on “artificial grass market Forecast to 2028 – COVID-19 Impact and Global Analysis By Material (Polyethylene, Polypropylene, Polyamide, and Others) and Application (Residential, Commercial, and Sport)”, published by The Insight Partners. The growth of the global artificial turf market is driven by the growing demand for artificial turf from the sports industry and the growing demand for artificial turf from the commercial and residential sectors.

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Report cover Details
Market size Value in US$2,847.28 million in 2021
Market Size Value by $4,067.36 million by 2028
Rate of growth CAGR of 5.2% from 2021 to 2028
Forecast period 2021-2028
Year of reference 2021
Number of pages 138
Number of tables 59
Number of graphs and figures 69
Historical data available Yes
Segments Covered Material and application
Regional scope North America; Europe; Asia Pacific; Latin America; AEM
Country scope United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

Artificial Grass Market: Competition Landscape and Key Developments
Some of the major players in the global artificial turf market are The Dow Chemical Company; Tarket; act globally; CCGrass; TenCate Grass; SIS locations; Victoria Plc; GreenFields BV; HATKO; and Hellas Construction, Inc.

In 2020, FieldTurf, a Tarkett Sports company, announced the acquisition of the assets of Grass Manufacturers Pty Limited (Grassman), an Australian artificial turf manufacturer.

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In 2021, Act Global announced the launch of custom turnkey solutions to help schools and private institutions plan, design and install an artificial turf sports field that fits their budget and meets their sporting and community needs.

Asia-Pacific accounted for the largest share of the global artificial turf market in 2020. The demand for artificial turf is increasing in this region owing to the increasing usage of artificial turf in the residential sector which is growing significantly. Artificial grass has various advantages, such as less water and chemical use and low maintenance. Therefore, its demand for sports facilities is increasing. Additionally, players in the APAC market are expanding their product portfolio through strategic mergers and acquisitions of small and medium enterprises. All these factors are contributing to the growth of the artificial turf market in the region.

Increase in demand for artificial grass in the commercial and residential sector:
There is a high demand for artificial grass in the residential and commercial application sectors. With various advantages, artificial grass has become a valid substitute for lawns. They are used in backyards, curbs, pavers, medians and pool surrounds and are used to create commercial and residential playgrounds, with an emphasis on child safety.

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Artificial grass is widely used for airport ground cover. In 2017, London City Airport installed a particular type of artificial grass from the Danish company. Additionally, various developed and developing countries are experiencing rapid urbanization, leading to significant growth in the construction industry globally, thus fueling the demand for low-maintenance products, especially artificial turf.

Artificial Grass Market: Segmental Overview
On the basis of material, the artificial grass market is segmented into polyethylene, polypropylene, polyamide, and others. The polyethylene segment held the largest share of the global artificial turf market in 2020. There are different types of polyethylene with a wide range of densities. Polyethylene is one of the most commonly used materials in the artificial grass industry. It is suitable for a variety of applications. Polyethylene grass finds application in front and back yards, sports fields, etc.

Based on application, the global artificial turf market has been categorized into residential, commercial, and sports segments. The sports segment held the largest market share in 2020. There is a high demand for artificial turf owing to the ease of maintenance and increasing playing time in the sports industry. Additionally, the growth of the market is attributed to the introduction of high-quality artificial turf products by players endorsed by various associations, such as the Fédération Internationale de Football Association (FIFA).

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Impact of the COVID-19 Pandemic on the Artificial Turf Market:
The pandemic has affected the economies and industries of various countries. The unprecedented rise in the number of COVID-19 cases and the subsequent lockdown of many manufacturing facilities has influenced the growth of various markets. In the Middle East and African countries, the distribution network was severely disrupted, which affected the sales of artificial turf. According to Synthetic Grass Warehouse, artificial turf contractors are seeing sales gains of up to 30% from 2020. Sports field applications accounted for 63% of installed turf in 2020 and are expected to remain the largest segment of applications during the forecast period. However, the use of turf in landscape applications is growing at a rapid pace and is expected to open up growth opportunities for the artificial turf market in the near future. The global market is recovering from its losses. Manufacturers can overcome the gap between demand and supply through the revival of their operations.

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The Insight Partners is an industry unique research provider of actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Health IT, Manufacturing and Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.

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