Turf Protection Market Report (2021-2031) | The Insight Partners
The Turf Protection Market is expected to register a CAGR of 4.5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by product type (pest protection, stress protection, scarification, and others). The report is further segmented by application (foliar, seed, soil, and others). The report is segmented by solution (biological, chemical, mechanicals, and others). The report further presents an analysis based on the end-use (sports, recreational, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Turf Protection Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Turf Protection Market Segmentation
Product Type- Pest Protection
- Stress Protection
- Scarification
- Others
- Foliar
- Seed
- Soil
- Others
- Biological
- Chemical
- Mechanicals
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Turf Protection Market Growth Drivers- Increasing participation in outdoor sports: With the growth of global sports activities, including professional leagues and recreational sports, there will be an increased demand for well-maintained and durable turf surfaces for football, soccer, golf, and other sports. Sports turf needs protection against wear, tear, and environmental conditions. Investments in sports infrastructure, along with a shift toward synthetic turf for durability, have been key drivers of the turf protection market. Proper maintenance solutions in the form of turf conditioners, protectants, and advanced fertilizers help preserve the integrity of such surfaces, thereby ensuring longer usability.
- Increasing awareness and ease of application of turfs: Growing environmental awareness and the urgency to maintain a healthy environment are driving the demand for environmentally friendly turf protection products. More and more consumers and businesses seek non-toxic, biodegradable, and sustainable lawn care products. There is a high demand for organic as well as low-impact chemicals, most especially for residential lawn applications, golf courses, and sports grounds. It is gaining popularity because the increasing need to save water and reduce pesticide consumption in the environment requires products that minimize water consumption, improve soil health, and reduce harmful runoff into the environment.
- Rapidly increasing urbanization: Urbanization creates an increased demand for turf protection solutions for lawns and parks, as well as public spaces. Expansion of cities pays more attention to green spaces that need regular care. Residential and commercial property developments are also incorporating turf for both aesthetic and functional purposes. This has led to a growing demand for products and services for improving turf quality, combating disease, and protecting it from weather-related conditions like drought or excessive heat. Also fueling growth is the increasing outdoor living space and the popularity of turf in urban landscapes.
- Deployment of sensors and AI: Smart technologies are gaining currency in the turf protection market. What this means is the increased adoption of turf management systems, including soil sensors and automated irrigation systems, among others. There is also increasing use of drones for monitoring turf health. Such innovations allow for more efficient care and better resource management of turf. Real-time data permits precise turf condition assessment and related decision making that might optimize the application of products and minimize waste. This is part of a larger smart agriculture and precision horticulture trend.
- Use of artificial turf for landscaping: Artificial turf remains highly popular as an alternative not only to sports field installations but also for the general landscaping needs of urban areas. Artificial turf is more resistant to damage brought about by both wear and weather when compared with natural grass. As technology is continuously improved, manufacturers produce products with increased realism and more durable quality. These demand high performance in both protection of appearance and functionality with time, hence the call for protective coatings, cleaners, and anti-aging solutions.
- Green materials: As environmental awareness increased, there was a trend toward organic and biodegradable products for turf protection. Consumers and institutions are selecting products that are safe for the environment while effectively maintaining healthy, good-looking turf. Organic fertilizers, natural pest control agents, and environmentally friendly herbicides are gaining market share. As regulations around pesticide use tighten, this trend toward green alternatives is only going to continue and grow, therefore helping the organic turf protection market flourish.
- Rising popularity of golf: The golf industry is among the most promising sectors of the global turf protection industry. From putting greens to fairways, specialized maintenance is essential in ensuring prime condition turf. The new golf courses are designed while the existing ones are upgraded or replaced constantly, which means demand for turf protection products is added annually in the form of simple soil conditioners fertilizer pest control, or drought-resistant solutions. Asia-Pacific and the Middle East are emerging markets that are untapped sources of growth.
- Increasing number of home owners: Urbanization and suburban living are on the increase. This comes with a high number of homeowners investing in turf and lawn care to aestheticize their properties. This, therefore, goes with a sizeable market of residential turf protection solutions such as fertilizers, pesticides, and disease control products. This development also opens doors for eco-friendly and organic products that thrive in affluent regions where consumers are willing to spend their money on quality turf care products.
- Unpredictable weather conditions: Extreme weather patterns that come with climate change will impact the turf industry in terms of extended droughts, heatwaves, and unpredictable rainfall. This has led to protection products in turf intended to increase resistance to adverse weather conditions. This involves products that allow the lawn to tolerate water stress, increase root growth, or improve drought resistance. Moving forward, with climate unpredictability, innovations promoting turf protection for residential and commercial markets will experience strong growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Turf Protection Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Turf Protection Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The adoption of smart turf management systems is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the turf protection market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Syngenta AG, Nuturf Pty Ltd, Pure AG, The Andersons Inc, Corebiologic LLC, Teraganix Inc, Lallemand Inc, Soil Technologies Corp, FMC Corp, and Backyards Organic LLC
The Turf Protection Market is estimated to witness a CAGR of 4.5% from 2023 to 2031
The major factors driving the turf protection market are:
1. Increasing Demand for Sports Turf.
2. Urbanization and Landscaping Trends.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Turf Protection Market - By Solution
1.3.2 Turf Protection Market - By Form
1.3.3 Turf Protection Market - By Product
1.3.4 Turf Protection Market - By Crop Type
1.3.5 Turf Protection Market - By Application
1.3.6 Turf Protection Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TURF PROTECTION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TURF PROTECTION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TURF PROTECTION MARKET - GLOBAL MARKET ANALYSIS
6.1. TURF PROTECTION - GLOBAL MARKET OVERVIEW
6.2. TURF PROTECTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TURF PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTION
7.1. OVERVIEW
7.2. SOLUTION MARKET FORECASTS AND ANALYSIS
7.3. BIOLOGICAL
7.3.1. Overview
7.3.2. Biological Market Forecast and Analysis
7.4. CHEMICAL
7.4.1. Overview
7.4.2. Chemical Market Forecast and Analysis
7.5. MECHANICAL
7.5.1. Overview
7.5.2. Mechanical Market Forecast and Analysis
8. TURF PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. LIQUID
8.3.1. Overview
8.3.2. Liquid Market Forecast and Analysis
8.4. POWDER
8.4.1. Overview
8.4.2. Powder Market Forecast and Analysis
9. TURF PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
9.1. OVERVIEW
9.2. PRODUCT MARKET FORECASTS AND ANALYSIS
9.3. STRESS PROTECTION
9.3.1. Overview
9.3.2. Stress Protection Market Forecast and Analysis
9.4. PEST PROTECTION
9.4.1. Overview
9.4.2. Pest Protection Market Forecast and Analysis
9.5. SCARIFICATION
9.5.1. Overview
9.5.2. Scarification Market Forecast and Analysis
10. TURF PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - CROP TYPE
10.1. OVERVIEW
10.2. CROP TYPE MARKET FORECASTS AND ANALYSIS
10.3. CEREALS AND OILSEEDS
10.3.1. Overview
10.3.2. Cereals and oilseeds Market Forecast and Analysis
10.4. FRUITS AND VEGETABLES
10.4.1. Overview
10.4.2. Fruits and vegetables Market Forecast and Analysis
10.5. OTHERS
10.5.1. Overview
10.5.2. Others Market Forecast and Analysis
11. TURF PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
11.1. OVERVIEW
11.2. APPLICATION MARKET FORECASTS AND ANALYSIS
11.3. SEED DRESSING
11.3.1. Overview
11.3.2. Seed Dressing Market Forecast and Analysis
11.4. SEED COATING
11.4.1. Overview
11.4.2. Seed Coating Market Forecast and Analysis
11.5. SEED PELLETING
11.5.1. Overview
11.5.2. Seed Pelleting Market Forecast and Analysis
11.6. FOLIAR
11.6.1. Overview
11.6.2. Foliar Market Forecast and Analysis
11.7. SOIL
11.7.1. Overview
11.7.2. Soil Market Forecast and Analysis
11.8. OTHERS
11.8.1. Overview
11.8.2. Others Market Forecast and Analysis
12. TURF PROTECTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Turf Protection Market Overview
12.1.2 North America Turf Protection Market Forecasts and Analysis
12.1.3 North America Turf Protection Market Forecasts and Analysis - By Solution
12.1.4 North America Turf Protection Market Forecasts and Analysis - By Form
12.1.5 North America Turf Protection Market Forecasts and Analysis - By Product
12.1.6 North America Turf Protection Market Forecasts and Analysis - By Crop Type
12.1.7 North America Turf Protection Market Forecasts and Analysis - By Application
12.1.8 North America Turf Protection Market Forecasts and Analysis - By Countries
12.1.8.1 Canada Turf Protection Market
12.1.8.1.1 Canada Turf Protection Market by Solution
12.1.8.1.2 Canada Turf Protection Market by Form
12.1.8.1.3 Canada Turf Protection Market by Product
12.1.8.1.4 Canada Turf Protection Market by Crop Type
12.1.8.1.5 Canada Turf Protection Market by Application
12.1.8.2 Mexico Turf Protection Market
12.1.8.2.1 Mexico Turf Protection Market by Solution
12.1.8.2.2 Mexico Turf Protection Market by Form
12.1.8.2.3 Mexico Turf Protection Market by Product
12.1.8.2.4 Mexico Turf Protection Market by Crop Type
12.1.8.2.5 Mexico Turf Protection Market by Application
12.1.8.3 US Turf Protection Market
12.1.8.3.1 US Turf Protection Market by Solution
12.1.8.3.2 US Turf Protection Market by Form
12.1.8.3.3 US Turf Protection Market by Product
12.1.8.3.4 US Turf Protection Market by Crop Type
12.1.8.3.5 US Turf Protection Market by Application
12.2. EUROPE
12.2.1 Europe Turf Protection Market Overview
12.2.2 Europe Turf Protection Market Forecasts and Analysis
12.2.3 Europe Turf Protection Market Forecasts and Analysis - By Solution
12.2.4 Europe Turf Protection Market Forecasts and Analysis - By Form
12.2.5 Europe Turf Protection Market Forecasts and Analysis - By Product
12.2.6 Europe Turf Protection Market Forecasts and Analysis - By Crop Type
12.2.7 Europe Turf Protection Market Forecasts and Analysis - By Application
12.2.8 Europe Turf Protection Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Turf Protection Market
12.2.8.1.1 Germany Turf Protection Market by Solution
12.2.8.1.2 Germany Turf Protection Market by Form
12.2.8.1.3 Germany Turf Protection Market by Product
12.2.8.1.4 Germany Turf Protection Market by Crop Type
12.2.8.1.5 Germany Turf Protection Market by Application
12.2.8.2 France Turf Protection Market
12.2.8.2.1 France Turf Protection Market by Solution
12.2.8.2.2 France Turf Protection Market by Form
12.2.8.2.3 France Turf Protection Market by Product
12.2.8.2.4 France Turf Protection Market by Crop Type
12.2.8.2.5 France Turf Protection Market by Application
12.2.8.3 Italy Turf Protection Market
12.2.8.3.1 Italy Turf Protection Market by Solution
12.2.8.3.2 Italy Turf Protection Market by Form
12.2.8.3.3 Italy Turf Protection Market by Product
12.2.8.3.4 Italy Turf Protection Market by Crop Type
12.2.8.3.5 Italy Turf Protection Market by Application
12.2.8.4 United Kingdom Turf Protection Market
12.2.8.4.1 United Kingdom Turf Protection Market by Solution
12.2.8.4.2 United Kingdom Turf Protection Market by Form
12.2.8.4.3 United Kingdom Turf Protection Market by Product
12.2.8.4.4 United Kingdom Turf Protection Market by Crop Type
12.2.8.4.5 United Kingdom Turf Protection Market by Application
12.2.8.5 Russia Turf Protection Market
12.2.8.5.1 Russia Turf Protection Market by Solution
12.2.8.5.2 Russia Turf Protection Market by Form
12.2.8.5.3 Russia Turf Protection Market by Product
12.2.8.5.4 Russia Turf Protection Market by Crop Type
12.2.8.5.5 Russia Turf Protection Market by Application
12.2.8.6 Rest of Europe Turf Protection Market
12.2.8.6.1 Rest of Europe Turf Protection Market by Solution
12.2.8.6.2 Rest of Europe Turf Protection Market by Form
12.2.8.6.3 Rest of Europe Turf Protection Market by Product
12.2.8.6.4 Rest of Europe Turf Protection Market by Crop Type
12.2.8.6.5 Rest of Europe Turf Protection Market by Application
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Turf Protection Market Overview
12.3.2 Asia-Pacific Turf Protection Market Forecasts and Analysis
12.3.3 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Solution
12.3.4 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Form
12.3.5 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Product
12.3.6 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Crop Type
12.3.7 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Application
12.3.8 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Turf Protection Market
12.3.8.1.1 Australia Turf Protection Market by Solution
12.3.8.1.2 Australia Turf Protection Market by Form
12.3.8.1.3 Australia Turf Protection Market by Product
12.3.8.1.4 Australia Turf Protection Market by Crop Type
12.3.8.1.5 Australia Turf Protection Market by Application
12.3.8.2 China Turf Protection Market
12.3.8.2.1 China Turf Protection Market by Solution
12.3.8.2.2 China Turf Protection Market by Form
12.3.8.2.3 China Turf Protection Market by Product
12.3.8.2.4 China Turf Protection Market by Crop Type
12.3.8.2.5 China Turf Protection Market by Application
12.3.8.3 India Turf Protection Market
12.3.8.3.1 India Turf Protection Market by Solution
12.3.8.3.2 India Turf Protection Market by Form
12.3.8.3.3 India Turf Protection Market by Product
12.3.8.3.4 India Turf Protection Market by Crop Type
12.3.8.3.5 India Turf Protection Market by Application
12.3.8.4 Japan Turf Protection Market
12.3.8.4.1 Japan Turf Protection Market by Solution
12.3.8.4.2 Japan Turf Protection Market by Form
12.3.8.4.3 Japan Turf Protection Market by Product
12.3.8.4.4 Japan Turf Protection Market by Crop Type
12.3.8.4.5 Japan Turf Protection Market by Application
12.3.8.5 South Korea Turf Protection Market
12.3.8.5.1 South Korea Turf Protection Market by Solution
12.3.8.5.2 South Korea Turf Protection Market by Form
12.3.8.5.3 South Korea Turf Protection Market by Product
12.3.8.5.4 South Korea Turf Protection Market by Crop Type
12.3.8.5.5 South Korea Turf Protection Market by Application
12.3.8.6 Rest of Asia-Pacific Turf Protection Market
12.3.8.6.1 Rest of Asia-Pacific Turf Protection Market by Solution
12.3.8.6.2 Rest of Asia-Pacific Turf Protection Market by Form
12.3.8.6.3 Rest of Asia-Pacific Turf Protection Market by Product
12.3.8.6.4 Rest of Asia-Pacific Turf Protection Market by Crop Type
12.3.8.6.5 Rest of Asia-Pacific Turf Protection Market by Application
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Turf Protection Market Overview
12.4.2 Middle East and Africa Turf Protection Market Forecasts and Analysis
12.4.3 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Solution
12.4.4 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Form
12.4.5 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Product
12.4.6 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Crop Type
12.4.7 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Application
12.4.8 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Turf Protection Market
12.4.8.1.1 South Africa Turf Protection Market by Solution
12.4.8.1.2 South Africa Turf Protection Market by Form
12.4.8.1.3 South Africa Turf Protection Market by Product
12.4.8.1.4 South Africa Turf Protection Market by Crop Type
12.4.8.1.5 South Africa Turf Protection Market by Application
12.4.8.2 Saudi Arabia Turf Protection Market
12.4.8.2.1 Saudi Arabia Turf Protection Market by Solution
12.4.8.2.2 Saudi Arabia Turf Protection Market by Form
12.4.8.2.3 Saudi Arabia Turf Protection Market by Product
12.4.8.2.4 Saudi Arabia Turf Protection Market by Crop Type
12.4.8.2.5 Saudi Arabia Turf Protection Market by Application
12.4.8.3 U.A.E Turf Protection Market
12.4.8.3.1 U.A.E Turf Protection Market by Solution
12.4.8.3.2 U.A.E Turf Protection Market by Form
12.4.8.3.3 U.A.E Turf Protection Market by Product
12.4.8.3.4 U.A.E Turf Protection Market by Crop Type
12.4.8.3.5 U.A.E Turf Protection Market by Application
12.4.8.4 Rest of Middle East and Africa Turf Protection Market
12.4.8.4.1 Rest of Middle East and Africa Turf Protection Market by Solution
12.4.8.4.2 Rest of Middle East and Africa Turf Protection Market by Form
12.4.8.4.3 Rest of Middle East and Africa Turf Protection Market by Product
12.4.8.4.4 Rest of Middle East and Africa Turf Protection Market by Crop Type
12.4.8.4.5 Rest of Middle East and Africa Turf Protection Market by Application
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Turf Protection Market Overview
12.5.2 South and Central America Turf Protection Market Forecasts and Analysis
12.5.3 South and Central America Turf Protection Market Forecasts and Analysis - By Solution
12.5.4 South and Central America Turf Protection Market Forecasts and Analysis - By Form
12.5.5 South and Central America Turf Protection Market Forecasts and Analysis - By Product
12.5.6 South and Central America Turf Protection Market Forecasts and Analysis - By Crop Type
12.5.7 South and Central America Turf Protection Market Forecasts and Analysis - By Application
12.5.8 South and Central America Turf Protection Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Turf Protection Market
12.5.8.1.1 Brazil Turf Protection Market by Solution
12.5.8.1.2 Brazil Turf Protection Market by Form
12.5.8.1.3 Brazil Turf Protection Market by Product
12.5.8.1.4 Brazil Turf Protection Market by Crop Type
12.5.8.1.5 Brazil Turf Protection Market by Application
12.5.8.2 Argentina Turf Protection Market
12.5.8.2.1 Argentina Turf Protection Market by Solution
12.5.8.2.2 Argentina Turf Protection Market by Form
12.5.8.2.3 Argentina Turf Protection Market by Product
12.5.8.2.4 Argentina Turf Protection Market by Crop Type
12.5.8.2.5 Argentina Turf Protection Market by Application
12.5.8.3 Rest of South and Central America Turf Protection Market
12.5.8.3.1 Rest of South and Central America Turf Protection Market by Solution
12.5.8.3.2 Rest of South and Central America Turf Protection Market by Form
12.5.8.3.3 Rest of South and Central America Turf Protection Market by Product
12.5.8.3.4 Rest of South and Central America Turf Protection Market by Crop Type
12.5.8.3.5 Rest of South and Central America Turf Protection Market by Application
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. TURF PROTECTION MARKET, KEY COMPANY PROFILES
14.1. BACKYARD ORGANICS LLC
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. COREBIOLOGIC, LLC
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. DOW AGROSCIENCES LLC
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. EVANS TURF SUPPLIES LTD.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. IDEMITSU KOSAN CO. LTD.
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. LUCERNE BIOTECH U.K. LTD.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. NUTURF AUSTRALIA PTY. LTD.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SOIL TECHNOLOGIES CORPORATION
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. SYNGENTA AG
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. THE ANDERSONS INC.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Backyard Organics LLC
2. Corebiologic, LLC
3. DOW AgroSciences LLC
4. Evans Turf Supplies Ltd.
5. Idemitsu Kosan Co. Ltd.
6. Lucerne Biotech U. K. Ltd.
7. Nuturf Australia Pty. Ltd.
8. Soil Technologies Corporation
9. Syngenta AG
10. The Andersons Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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