Global Turf Grass and Turf Solution Market By Type (Cold Season Turf Grasses and Warm Season Turf Grasses), Inputs (Agrochemicals, Seeds and Equipment), End User (Landscapers, Commercial, Residential, Sports and Athletic Facilities and Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the turf grass and turf solution market will project a compound annual growth rate (CAGR) of 5.50% during the forecast period of 2021-2028. Rise in the participation of sports and related activities,, surge in the application of turf grass and turf solution by a wide range of end users such as landscapers, commercial, residential, sports and athletic facilities, and others, and rapidly increasing industry competitiveness are the major factors attributable to the growth of turf grass and turf solution market. This means that the turf grass and turf solution market value, which was USD 11.8 billion in 2020, will climb up to USD 18.11 billion by the year 2028.
Turf is a surface of grass that is smooth in texture and high in quality. The turfgrass and turf solutions are helpful in controlling the soil erosion and minimize the growth of weeds. Turf grass is therefore, environmental friendly and recyclable in nature.
Rising construction of smart homes coupled with growing awareness about turf grass will emerge as the major factor fostering the growth of market. Growth in the number of sports centres or sports facilities will also act as an important factor determining the growth of market. Rising industrialization, globalization, and increased application of turf grass in the residential lawns will also carve the way for the growth of the market.
However, lower resistance to heat and harshness of turf grass will pose a major challenge to the growth of market. Increasing application of artificial and synthetic materials in turf grass can lead to soil pollution, and this will further slow down the market growth rate.
This turf grass and turf solution market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on turf grass and turf solution market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Turf Grass and Turf Solution Market Scope and Market Size
The global turf grass and turf solution market is segmented on the basis of type, inputs, and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the turf grass and turf solution market is segmented into cold season turf grasses and warm-season turf grasses. Cold season turf grasses segment is further sub-segmented into Kentucky blue grass, tall fescue, rye grass, fine fescue, and others. Fine fescue segment is further bifurcated into chewing fescue, creeping red fescue and hard fescue. Warm season turf grasses segment is further sub-segmented into zoysia grass, Bermuda grass, centipede grass, St. Augustine grass, blue grama, and others.
- The turf grass and turf solution market is also segmented on the basis of inputs. The application is segmented into agrochemicals, seeds, and equipment. Agrochemicals segment is sub-segmented into fertilizers, pesticides, plant growth regulators and others. Pesticides segment is further bifurcated into insecticides, rodenticides, fungicides, herbicides and others. Plant growth regulators segment is further bifurcated into ethylene, cytokinins, auxins, gibberelins, mepiquat chloride, and others.
- On the basis of end user, the turf grass and turf solution market is segmented into landscapers, commercial, residential, sports and athletic facilities, and others.
Turf Grass and Turf Solution Market Country Level Analysis
The global turf grass and turf solution market is analyses and market size, volume information is provided by country by type, inputs, and end-user as referenced above.
The countries covered in the turf grass and turf solution market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the market and will continue to excel its dominance during the forecast period. This is because the region comprises of the highest number of golf courses and gardens in the world. Asia-Pacific is however, projected to undergo substantial gains for the turf grass and turf solution market and will score the highest compound annual growth rate (CAGR) during the forecast period. This is because of the increasing participation of youngsters in sports activities. Rising awareness about the benefits of turf grass and turf solution is also fostering the market growth in this region.
The country section of the turf grass and turf solution market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Turf Grass and Turf Solution Market Share Analysis
The global turf grass and turf solution market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to turf grass and turf solution market.
The major players covered in the turf grass and turf solution market report are Honeywell International Inc., Watlow Electric Company., Dynatherm, Microchip Technology Inc., Maxim Integrated, Jimboomba Turf Group, SPRINTURF, PBI-Gordon Companies, Inc., Turf Star, Sierra Pacific Turf Supply, Turf Products., Turf Solutions Ltd, SPORTS TURF SOLUTIONS, Exmark.com, EasyTurf, HG Turf PTY LTD, Hume Turf, All About Turf, Premier Tech Home and Garden and Professional Turf Products among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.