Artificial Turf Market Size, Opportunities, Trends, Products, Revenue Analysis, For 2023

The global artificial turf market size was USD 4.10 Billion in 2021 and is expected to register a revenue CAGR of 6.9% over the forecast period, according to the latest report by Reports and Data. Demand for eco-friendly, sustainable artificial turf is rising as more people become aware of environmental issues. Major businesses now understand how crucial it is to include sustainability in new product lines. Additionally, as greenhouse gas emissions increase, so does the demand for artificial turf made from plants. Fortunately, sugarcane has a lower carbon footprint and cuts greenhouse gas emissions by 71% when compared to fossil fuels. One such worldwide market participant is Synlawn, which creates artificial turf from plants using sugarcane blades.

Innovations are being introduced through incorporating various technology into the production of goods. To prevent infection from the grass to the user, Synlawn artificial grass, for example, introduced a product line of the safest and uncontaminated turf in June 2020. This turf’s substance combines sterilised additives with super yarn technology. Numerous artificial grass products have also been developed with particular requirements in mind, such as Lifeproof with Petproof Technology for pet owners. There won’t be any puddles or muddy paw prints throughout the house because of how quickly this turf drains. Such product developments and technological advancements in the production of artificial turf are also considerably boosting market revenue growth.

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Key Players covered in this report are: Tarkett, P.K. Versi Turf Private Limited, Namgrass, TenCate Grass, SIS Pitches, Edel Grass, Artificial Grass Liquidators, Victoria PLC, CCGrass, and Limonta Sport S.p.A.

Some Key Highlights from the Report

The polyethylene, polypropylene, and nylon segments of the global artificial turf market are determined by the base material. Over the projection period, the polyethylene segment is anticipated to provide a significant amount of revenue. The market for polyethylene artificial turf is growing, especially for commercial uses, due to factors including the realistic-looking grass, good water absorption properties, a great balance of toughness and ductile strength, as well as cheap maintenance costs. Due to its softness, realism, and lack of moisture absorption, polyethylene grass is ideal for front and backyard applications, sports, and pets.
According to geographical analysis, the European artificial turf market will have the greatest revenue share in 2021. The artificial turf market in this region is experiencing revenue growth as a result of factors including growing government initiatives and the implementation of numerous laws and regulations pertaining to the safety of sports and players. Another important element influencing the market’s revenue growth in this region is the existence of large corporations engaged in several strategic initiatives as well as Research Development (RD) projects for the introduction of novel products. Over the course of the projected period, North America is anticipated to have significant revenue growth.
TenCate Grass Holding, which was owned by Royal TenCate and controlled by a group led by Gilde Buy Out Partners, was bought by Crestview Partners on September 14, 2021. TenGate generates over USD 600 million in annual income by offering artificial grass and other landscaping services, mostly to the sports market. One of the target’s clients is the NFL’s New England Patriots.

Installation Type Outlook (Revenue, USD Billion; 2019-2030)

Flooring
Wall Cladding

Base Material Outlook (Revenue, USD Billion; 2019-2030)

Polyethylene
Polypropylene
Nylon

Application Outlook (Revenue, USD Billion; 2019-2030)

Commercial
Residential
Landscaping
Others

Infill Material Outlook (Revenue, USD Billion; 2019-2030)

Rubber-Based
Plant-Based
Sand-Based

Application Outlook (Revenue, USD Billion; 2019-2030)

Residential
Commercial

End-use Outlook (Revenue, USD Billion; 2019-2030)

Building Construction
Automotive Transportation
Electrical Electronics
Others

Key Regional Markets Covered in the Report:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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Major Points covered in this report are as below:

The Artificial Turf industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
The Artificial Turf Market report provides key statistics on the market status of the Artificial Turf manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

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