Artificial Turf Market is expected to reach US$ 4,067.36 Million by 2028

Growing Demand for Artificial Turf from Sports Industry and Increase in Number of Stadiums to Escalate Artificial Turf Market Growth

According to our latest market study, titled “Artificial Turf Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Material (Polyethylene, Polypropylene, Polyamide, and Others); Application (Residential, Commercial, and Sport),” the 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. The report highlights key factors and trends driving the market focuses on prominent players and their strategies.

The global artificial turf market is segmented by material, application, and geography. Asia Pacific held the largest share in the global artificial turf market in 2020. In the Asia Pacific region, the artificial turf is increasing used in the household sector. The rise in the construction sector is also driving the artificial turf market significantly. However, the usage of huge volumes of plastic and heat absorbent properties of artificial turf may act as a deterrent for this market over the next few years.

Artificial turf systems are popular in sports arenas due to easy maintenance, more playing time, and excellent durability. The acceptance of artificial turf by various sports associations has increased its production.  Artificial turf installation is becoming a common choice for stadiums due to advancements in turf technology. Many people prefer these turfs to play sport without dirt, injuries, and inclement weather. Thus, the rising demand for artificial turf in the sports industry is driving the global market.

The growth of the construction sector is also fueling artificial turf demand in various end-use applications. There is a high demand for artificial turf from the commercial and residential application sectors. Owing to the various advantages of artificial turf, it has become a effective substitute for lawns in numerous places. Artificial turfs are used in pavers, medians, backyards, edgings, and poolside areas. Additionally, artificial turf surfaces are utilized to create residential and commercial playgrounds, focusing on children's safety. They are also being shaped containing anti-bacterial properties. Furthermore, the product is not exposed to hazardous fertilizers and pesticides, unlike natural grass which makes the product children and pet-friendly. Moreover, artificial turf is increasingly utilized for airport ground cover.

The Dow Chemical Company; Tarkett; Act Global; CCGrass; TenCate Grass; SIS Pitches; Victoria PLC; GreenFields BV; Hellas Construction, Inc.; and HATKO are some of the key players in the global artificial turf market.

The COVID-19 pandemic has brought unprecedented challenges for many industries. Lockdown, travel bans, border restrictions, the shutdown of manufacturing units, and other safety protocols under the guidelines by governments of different nations negatively impacted the operations of manufacturing companies. The crisis adversely affected the manufacturing sector due to a restricted supply chain, raw material shortage, and shutdown of manufacturing units. In addition, the overall disruptions in manufacturing processes and research and development activities restrained new developments in the artificial turf market. However, the global marketplace is recovering from its losses, and manufacturers can operate with a total capacity. Manufacturers can overcome the demand and supply gap due to the revival of their operations.

Global Artificial Turf Market Breakdown –by Region