Artificial Turf Industry is Expected to Reach US$ 4,779.7 Million by 2028 | Growth Rate (CAGR) of 5.65%

 According to the latest report by IMARC Group “Artificial Turf Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, the global artificial turf market size reached US$ 3,379.1 Million in 2022. Looking forward, the market is expected to reach US$ 4,779.7 Million by 2028, exhibiting a growth rate (CAGR) of 5.65% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Artificial turf, commonly known as synthetic grass, is a carpet made of artificial fibers to resemble natural grass. It is widely used in stadiums and arenas for sports initially played on natural grass fields. It is durable, eliminates the need for trimming or irrigation, is easily recyclable, and has a minimal environmental impact. As a result, artificial turf is gaining immense traction in residential and commercial sectors across the globe. 

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Artificial Turf Market Trends and Drivers:

The global artificial turf market is primarily driven by increasing demand for flooring products that are affordable, long-lasting, and easy to maintain for outdoor applications. Moreover, the rising number of sporting events and competitions and bad weather conditions that prevent the proper growth of natural grass have augmented the product demand. 

Additionally, the surging adoption of artificial turf in public areas, such as airports, restaurants, and hotels, as it saves water, is positively influencing market growth. Besides this, heavy investments by governments of numerous countries in infrastructure development projects for constructing new commercial sports complexes, gardens, and stadiums are propelling artificial turf industry growth. Furthermore, the rising consumer demand for attractive lawns and playgrounds in homes or societies due to improving lifestyles and inflating consumer disposable incomes are contributing to market growth. 

Other factors, including increasing applications in leisure and landscaping sectors, easy product availability via e-commerce platforms, and rapid urbanization, are also anticipated to drive the market further.

Report Segmentation:

The report has segmented the market on the basis of region, material, application and distribution channel.

Breakup by Material:

• Polyethylene

• Polypropylene

• Polyamides

• Others

Breakup by Application:

• Households

• Sports and Leisure

• Restaurant and Hotels

• Airports and Commercial Offices

• Others

Breakup by Distribution Channel:

• Direct Sales/B2B

• Online Stores

• Specialty Stores

• Convenience Stores

• Others

Breakup by Region:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Act Global, CoCreation Grass Co. Ltd, Condor Group, Dow Inc., ForestGrass, Global Syn-Turf Inc., Polytan GmbH, Shaw Industries Group Inc. (Berkshire Hathaway Company), SIS Pitches, SpectraTurf Inc. (Ecore International Inc.), Sport Group Holding GmbH, Tarkett S.A. and TenCate Grass.

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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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