Global Turf Grass And Turf Solutions Market Set For 6.8% Growth, Reaching $37.31 Billion By 2028
Turf Grass And Turf Solutions Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033
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The turf grass and turf solutions market has been displaying strong growth in recent years. A leap from $26.89 billion in 2023 to an anticipated $28.66 billion in 2024, reflects a steady Compound Annual Growth Rate CAGR of 6.6%. Several factors can be accredited for this growth during the historic period, including a rise in urban development, burgeoning popularity and investment in sports, an upswing in the construction of smart homes, significant government support for green spaces and corresponding regulations, as well as a surge in organic lawn care solutions.
What is the projected growth for the Turf Grass And Turf Solutions Market?
The turf grass market and turf solutions market size is anticipated to deliver a robust performance in the forthcoming years. Future estimations present a projection of $37.31 billion in 2028, maintaining a steady Compound Annual Growth Rate CAGR of 6.8%. Several factors amount to this growth during the forecast period – a growing requirement for climate-resilient and drought-tolerant turfgrass; an increasing focus on sustainability and eco-friendly practices; a rise in the demand for high-quality turf solutions; escalating consumer interest in outdoor living, home improvement, and aesthetics; and the upward trend of turf grass use in residential lawns. Some of the significant trends during the forecast include innovations in eco-friendly lawn care products and practices, investments in research and development to put forward innovative turfgrass varieties, the use of smart technologies, advancements in irrigation technology, and integration of real-time energy management systems.
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What are the primary forces driving the Turf Grass And Turf Solutions Market?
A significant propelling force expected to drive the growth of the turf grass and turf solutions market are the increasing outdoor recreation activities. These activities, including various leisure and recreational pursuits, conducted in natural or open-air environments, have seen a rise due to the health benefits associated with spending time in nature, improved physical fitness, enhanced mental well-being, and stress reduction. Turf grass and turf solutions provide an added edge to outdoor recreation by offering safe, attractive, and durable surfaces. They improve the overall quality and usability of recreational areas while supporting sustainable practices. For instance, in 2023, according to the Outdoor Industry Association, a US-based organization, the outdoor recreation participant base grew by 2.3% in 2022, reaching a record 168.1 million individuals, which amounts to 55% of the U.S. population aged six and older.
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Which market leaders stand at the forefront of the Turf Grass And Turf Solutions Market?
Major players operating within the turf grass and turf solutions market includes BASF SE, Bayer AG, Syngenta Group Co., Andersons Inc., FMC Corporation, Husqvarna Group, Toro Company, SiteOne Landscape Supply Inc., Helena Agri-Enterprises LLC, Nufarm Limited, The Scotts Miracle-Gro Company, Ewing Outdoor Supply, Dow AgroSciences LLC, Hunter Industries Inc., Advanced Turf Solutions ATS, Lebanon Seaboard Corporation, Rain Bird Corporation, Profile Products LLC, Barenbrug USA Inc., Professional Turf Products LP, Aquatrols.
What key trends are shaping the Turf Grass And Turf Solutions Market?
Key developers in the turf grass and turf solutions market have been focusing on creating innovative solutions like sustainable non-infill solutions to enhance performance, reduce environmental impact, and lower maintenance requirements. These improvements pave the way for more efficient and eco-friendly options for sports fields, recreational areas, and landscaping projects. An instance of this is GreenFields, a Netherlands-based artificial grass manufacturer, which launched GreenFields Pure PT, a sustainable non-infill solution for top-level football, in February 2023.
How is the Global Turf Grass And Turf Solutions Market structured?
The market is divided into several sections:
1 By Type: Warm Season Turf Grass, Cold Season Turf Grass
2 By Inputs: Agrochemicals, Seeds, Equipment
3 By Distribution Channels: Retail, Direct Sales, Online Sales
4 By End-User: Landscapers, Commercial, Residential, Sports And Athletic Facilities, Other End-Users
Which regions dominate the Turf Grass And Turf Solutions Market?
In 2023, North America reigned as the largest region in the turf grass and turf solutions market. The regions included in the turf grass and turf solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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