The global turf seed market is growing at a significant CAGR rate and is anticipated to witness huge growth during the forecast period 2021-2027. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
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Turf seeds used to develop turfgrass, which covers the land aesthetically in surrounding venues like sports ground, playground, home and sports ground amid others. Turfs and lawns are developed to reduce the dust, improve aesthetic appeal of land, reduce the weeds and control the soil erosion. Farming of turf glass is a widespread feature in urban landscape of developed country like U.S. The key benefits of turfgrass are ornamental, recreational and functional.
There are a few major factors that are expected to impel the turf seed market such as increase in awareness in developed and developing countries about development of gardens, growing demand from sports segment for turf, availability of varieties in seed and increasing preference for player safety. Huge demand for the expansion of gardens and sports grounds, growing count of playgrounds across the globe, increase in the inclination towards turf cultivation in residential surroundings and support by government to the establishment of sports clubs and gardens are projected to drive the turf seed market. On the other hand, unfavorable ecological conditions and high price of turf seeds are expected to hinder the market growth.
On the basis of regional analysis, turf seed market is classified into different regions such as North America, Latin America, Europe, Asia Pacific, Africa and Middle East. North America turf seed market is experiencing significant growth owing to growing research and development activities to bring new seeds to the market, growing count of sports clubs and players’ safety. Europe turf seed market is witnessing considerable growth due to the rapid urbanization, huge adoption of novel products and construction of new grounds and gardens in the region. Turf seed market in Asia Pacific has recorded lucrative growth due to the growing demand for ornamentals and gardening because of the urbanization and increasing count of sports clubs in the leading countries of this region such as India, China, New Zealand and Australia. Increasing count of sports grounds in Mexico and Brazil is the driving factor for the growth of turf seed market in Latin America.
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There are a few major players operating in turf seed market, which include BrettYoung (Canada), La Crosse Seed LLC (U.S.), Turf Products (U.S.), Johnston Seed Company (U.S.), Ampac Seed Company (U.S.), Turf & Garden, Inc. (U.S.), Pennington Seed Inc. (Central Garden & Pet Company) (U.S.), Sakata Seed America (U.S.) and HG Turf Pty. Ltd. (Australia).
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