Artificial Turf Market outlook 2031
The global artificial turf market size was valued at USD 4.34 Billion in 2022 and is likely reach to USD 7.27 Billion by 2031, expanding at a CAGR of 5.9% during the forecast period, 2023-2031. Artificial turf refers to a man-made surface of synthetic fibers that have the real look of grass surface.
Artificial turfs are widely used for various applications and areas especially for the purpose of playing games such as football and tennis.
Moreover, such turf can be used in residential and commercial areas for aesthetic appeal. Unlike actual grass, artificial turfs do not require any water for irrigation or sunlight as they are made of artificial grass materials. They are made of synthetic fibers woven together and made into a large sheet that can be rolled on any flat surface in residential, commercial, or sports arenas.
Artificial Turf Market Trends, Drivers, Restraints, and Opportunities
- Durability, virtual appeal, superior quality, and all-weather utility are some of the key advantages of artificial turfs. This is expected to propel the market demand in the coming years.
- Artificial turfs offer a lower maintenance cost as they do not require any water or sunlight unlike actual grass. This presents a key aspect of the market growth.
- Increasing demand for recyclable materials and environmental friendly products due to rising pressure for sustainable development is a key driver of the market growth.
- High cost of artificial turfs as compared to natural grass is a key restraining factor, which can hamper the market growth.
- Implementation of hybrid artificial turfs and high adoption of artificial turfs in development of new sports stadium are projected to offer lucrative opportunities for market growth during the projected timeline.
Scope of Artificial Turf Market Report
The report on the global artificial turf market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Artificial Turf Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Materials (Polypropylene, Polyethylene, and Polyamides), Applications (Leisure & Landscaping, Contact Sport, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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CoCreation Grass Corporation; Victoria PLC (Avalon Grass); FieldTurf; Global Syn-Turf, Inc.; ForestGrass; The DOW Chemical Company; Synlawn Artificial Grass; Controlled Products, LLC (GrassTex); and TigerTurf
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Artificial Turf Market Segment Insights
Materials Segment Analysis
Based on materials, the global artificial turf market is segmented into polypropylene, polyethylene, and polyamides. The polyethylene segment is expected to account for significant market share during the targeted period owing to the rising consumer demand for polyethylene artificial turf. Polyethylene is a water absorbent material and does not keep any odors.
Moreover, it is a good combination of ductility and toughness, which make this material the perfect choice for artificial turfs, especially for sports tournaments.
The polyamides segment is also projected to witness robust growth in the coming years due to the high strength and durability of polyamide artificial turfs. They hold the green color for a longer duration, have a high melting point and a high resistance which further shifts consumer preference towards this segment.
Applications Segment Analysis
On the basis of applications, the market is classified as leisure & landscaping, contact sport, and others. The contact sport segment is projected to hold significant revenue share in the coming years owing to the high application of artificial turfs in sport tournaments and activities such as cricket, lawn tennis, hockey, golf, and football.
High quality grass surface is provided in sports tournaments owing to high expenditures by the sports management companies. Sports tournaments are efficient medium for marketing and advertising, which lead to various sponsorship deals. Thus, there is high availability of funds in the sports segment, which results in a good quality grass field laid out for the comfort and protection of the players.
Artificial turfs can be applied in residential areas for room and home decor, which alleviates the appearance of the outdoor area. High disposable income of the users and better standard of living are further expected to drive the growth of the leisure & landscaping segment.
Artificial Turf Market Regional Analysis
In terms of regions, the global artificial turf market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held a substantial share of the market in 2020 and is anticipated to register a robust CAGR during the forecast period owing to rapid urbanization and high number of residential projects undertaken in the region.
The region witnessed an increased in the inflow of infrastructure investments, which further accelerated the growth of the artificial turf market. Increased standard of living of a large number of the people in major economies such as India, China, and Japan also led to the growth of the market.
The market of North America, however, is projected to witness significant growth due to product innovation such as the implementation of hybrid artificial turfs in residential projects in the region.
Segments
Materials
- Polypropylene
- Polyethylene
- Polyamides
Applications
- Leisure & Landscaping
- Contact Sport
- Others
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
- CoCreation Grass Corporation
- Victoria PLC (Avalon Grass)
- FieldTurf
- Global Syn-Turf, Inc.
- ForestGrass
- The DOW Chemical Company
- Synlawn Artificial Grass
- Controlled Products, LLC (GrassTex)
- TigerTurf
Competitive Landscape
Key players in the global artificial turf market are CoCreation Grass Corporation; Victoria PLC (Avalon Grass); FieldTurf; Global Syn-Turf, Inc.; ForestGrass; The DOW Chemical Company; Synlawn Artificial Grass; Controlled Products, LLC (GrassTex); and TigerTurf.
These players have widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.
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