The turf grass and turf solutions global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Turf Grass And Turf Solutions Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The turf grass and turf solutions market size has grown strongly in recent years. It will grow from $26.89 billion in 2023 to $28.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to rise in urban development, growing popularity and investment in sports, rising construction of smart homes, government support for green spaces and regulations, and rise in organic lawn care solutions.
The turf grass and turf solutions market size is expected to see strong growth in the next few years. It will grow to $37.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the increasing need for climate-resilient and drought-tolerant turfgrass, growing emphasis on sustainability and eco-friendly, increase the demand for high-quality turf solutions, increasing consumer interest in aesthetically, outdoor living and home improvement, and growing use of turf grass in residential lawns. Major trends in the forecast period include Innovations in eco-friendly lawn care products and practices, investments in research and development to develop innovative turfgrass varieties, using smart technologies, advancements in irrigation technology, and integrating real-time energy management systems.
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Scope Of Turf Grass And Turf Solutions Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Turf Grass And Turf Solutions Market Overview
Market Drivers –
The increasing outdoor recreation activities are expected to propel the growth of the turf grass and turf solutions market going forward. Outdoor recreation activities are leisure and recreational pursuits conducted in natural or open-air environments. The increasing outdoor recreation activities are due to health benefits associated with spending time in nature, improved physical fitness, mental well-being, and reduced stress. Turf grass and turf solutions enhance outdoor recreation by providing safe, attractive, and durable surfaces, improving recreational areas’ overall quality and usability, and supporting sustainable practices. For instance, in 2023, according to the Outdoor Industry Association, a US-based organization, in 2022, the outdoor recreation participant base expanded by 2.3%, reaching a record 168.1 million people, or 55% of the U.S. population aged six and older. Therefore, the increasing outdoor recreation activities drive the turf grass and turf solutions market.
Market Trends –
Major companies operating in the turf grass and turf solutions market are focusing on developing innovative solutions such as sustainable non-infill solutions to enhance performance, reduce environmental impact, and lower maintenance requirements, providing more efficient and eco-friendly options for sports fields, recreational areas, and landscaping projects. A sustainable non-infill solution for top-level football offers a high-performance, environmentally friendly alternative to traditional artificial turf systems, combining advanced technology with sustainability to meet the needs of modern sports facilities. For instance, in February 2023, GreenFields artificial grass company, a Netherlands-based company that manufactures artificial grass, launched GreenFields Pure PT, an innovative and sustainable non-infill solution for top-level football. The Pure PT system is entirely infill-free, enhancing player comfort and durability by reducing friction between the yarns and improving grip, comfort, and ball roll characteristics that closely mimic high-quality natural grass.
The turf grass and turf solutions market covered in this report is segmented –
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
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Regional Insights –
North America was the largest region in the turf grass and turf solutions market in 2023. The regions covered in the turf grass and turf solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the turf grass and turf solutions market are 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< /b>
Table of Contents
1. Executive Summary
2. Turf Grass And Turf Solutions Market Report Structure
3. Turf Grass And Turf Solutions Market Trends And Strategies
4. Turf Grass And Turf Solutions Market – Macro Economic Scenario
5. Turf Grass And Turf Solutions Market Size And Growth
…..
27. Turf Grass And Turf Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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