The turf grass seed 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 Seed 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 seed market size has grown rapidly in recent years. It will grow from $3.28 billion in 2023 to $3.72 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to the growth of sports and recreational facilities, growing awareness of environmental issues, regulations related to seed quality, economic conditions, and changes in climate patterns.
The turf grass seed market size is expected to see rapid growth in the next few years. It will grow to $6.19 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to increased interest in lawn and landscape, infrastructure development, government policies and regulations promoting green spaces, the growing emphasis on aesthetic appeal, and changes in disposable income levels. Major trends in the forecast period include technological advancements, the integration of precision agriculture and advanced turf management practices, advances in seed treatment technologies, the development of grass seed varieties, and collaborations and partnerships.
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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.
Market Drivers –
The rising popularity of outdoor recreation is expected to propel the growth of the turf grass seed market going forward. Outdoor recreation refers to activities conducted in natural environments for enjoyment, adventure, and physical exercise. The popularity of outdoor recreation is growing due to increasing awareness of its physical and mental health benefits, along with a desire for nature-based experiences and stress relief. Turf grass seed is used in outdoor recreation to establish and maintain lush, durable lawns and playing fields that enhance the functionality and aesthetic appeal of recreational areas. For instance, in December 2023, according to the 2023 outdoor participation trends report released by the Outdoor Industry Association, a US-based, non-profit membership organization, participation in outdoor recreation grew from 164.2 million people in 2021 to a record high of 168.1 million in 2022, reflecting a 2.3% increase and representing 55% of the U.S. population. Therefore, the rising popularity of outdoor recreation is driving the growth of the turf grass seed market.
Market Trends –
Major companies operating in the turf grass seed market are focusing on developing seed enhancement solutions for turf and forage applications to improve the performance of seedlings. Seed enhancement solutions are treatments or technologies applied to seeds to improve their germination, growth, and overall performance, often including coatings, fertilizers, or biostimulants, to boost crop yields and plant health. For instance, in July 2024, DLF, a Denmark-based seed company, launched 4Most Seed Enhancement to help emerging plants achieve greater stability. It is designed to develop deeper root systems for strength and durability in seedlings. It combines slow-release nitrogen and beneficial microorganisms for long-term nutrition. The formula includes a biodegradable super absorbent to maintain moisture and a calcium carbonate layer to improve soil contact. This ensures seedlings can access and convert soil-bound nutrients efficiently.
The turf grass seed market covered in this report is segmented –
1) By Type: Blue Kentucky Grass, Rye Grass, Creeping Bent Grass, Tall Fescue, Zoysia Grass, Bermuda Grass, Other Types
2) By Mode: Broadcasting, Overcasting, Hydroseeding, Other Modes
3) By Application: Sports Grounds, Gardens, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the turf grass seed market in 2023. The regions covered in the turf grass seed 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 seed market are Nutrien Ltd., ICL GROUP, Scotts Miracle-Gro Company, Barenbrug NZ, DLF Pickseed, Lesco, Pennington Seed Inc., Johnston Seed Company, Heritage Professional Products Group, LebanonTurf, Mountain View Seeds, Green Velvet Sod Farms, Seed Research of Oregon, General Seed Company, Greenview, Hancock Farm & Seed Co., Nurserylive, Ontario Seed Company Ltd, Premier Pacific Seeds, Rohrer Seeds, Speare Seeds, Twin City Seed< /b>
Table of Contents
1. Executive Summary
2. Turf Grass Seed Market Report Structure
3. Turf Grass Seed Market Trends And Strategies
4. Turf Grass Seed Market – Macro Economic Scenario
5. Turf Grass Seed Market Size And Growth
…..
27. Turf Grass Seed Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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