TheArtificial Turf Marketis predicted to reach USD 4.10 billion in 2021 with a projected revenue CAGR of 6.9% during the forecast period. The market growth is driven by increasing concern for athlete safety in sports and athletics, coupled with various technological advancements. Additionally, the market revenue is expected to grow due to the rising demand for sustainable and eco-friendly artificial grass from environmentally conscious consumers.
TenCate Grass, a leading global producer, retailer, and installer of artificial turf for sports and landscaping based in the Netherlands, launched a recycling program for end-of-life artificial grass in the U.S. on September 22, 2022. This program is the first of its kind in the U.S. and employs ExxonMobils cutting-edge recycling technology, Exxtend, and Cyclyxs expertise in feedstock processing. The company plans to expand the recycling program globally, as sustainable artificial turf products gain popularity among consumers who are environmentally conscious.
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Market Overview:
Several factors drive the global consumer goods markets revenue growth, including the rapid increase of the global population, the increasing demand for food and other essential goods, including healthcare and nutrition, personal care and hygiene, and electronic products, changes in consumer lifestyles and preferences, increases in the demand for packaged and processed food and beverage products, and an increasing population of working people. Among the factors driving revenue growth for the global consumer goods market are technological advances in product manufacturing and packaging techniques, as well as the rapid adoption of innovative technologies such as artificial intelligence, the Internet of Things, big data analytics, and robotics and automation. Other key factors driving global consumer goods market revenue growth include increasing awareness that plastic packaging has adverse environmental effects and a growing need for environmentally friendly and sustainable packaging solutions. A growing income level of consumers worldwide, particularly in developing economies such as India, and stringent government regulations and guidelines for product safety and quality are factors that are set to boost market revenue growth further.
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.
InstallationTypeOutlook (Revenue, USD Billion; 2019-2030)
- Flooring
- Wall Cladding
Base Material Outlook (Revenue, USD Billion; 2019-2030)
- Polyethylene
- Polypropylene
- Nylon
ApplicationOutlook (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:
- TheArtificialTurfindustry 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.
- TheArtificialTurfMarket report provides key statistics on the market status of theArtificialTurfmanufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
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