ARTIFICIAL GRASS MARKET REPORT OVERVIEW
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The global artificial grass market size is expected to be USD 3.2304 billion in 2022 and the market is projected to touch USD 4.4562 billion by 2028, with a growing CAGR of 5.5% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with artificial grass experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.
Artificial grass is formed of synthetic strands that are man-made and imitate real grass. These grasses have varying pile heights and are green in color. Before the blades are machine sewed on, it has a robust backing and is constructed similarly to carpet. The two distinct methods for installing synthetic grass are wall cladding and flooring. It can be used for leisure, non-contact sports, contact sports, and landscaping. The three main fiber types utilized in artificial grass are nylon, polyethylene, and polypropylene. Infill materials like those derived from plants, sand, and petroleum are used in the production of artificial grass.
COVID-19 Impact: Disrupted Supply Chains To Threaten The Market
The COVID-19 pandemic badly affected the artificial grass industry due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand. These factors negatively impacted artificial grass market share.
LATEST TRENDS
"Inorganic Development Techniques to Push the Market Growth"
To explore new and unexplored markets, expand in emerging economies, and build a new customer base for long-term client relationships, the major companies have chosen a variety of methods including expansions, acquisitions, new product launches, and investment. By earning a greater share in terms of revenue and product portfolios, this has helped the leading companies not only broaden their geographic reach but also strengthen their market position. These tactics have also been used by smaller players to grow their companies internationally by investing in the construction of manufacturing plants in various locations. Through the extensive R&D infrastructure provided by larger businesses, inorganic development techniques allow them to increase their technological competence.
ARTIFICIAL GRASS MARKET SEGMENTATION
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- By Type Analysis
By type, market is segmented into tuft grass above 10 and below 25 mm type, tuft grass below 10 mm type and tuft grass above 25 mm type. The tuft grass above 10 and below 25mm type segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into sports, landscaping and other. The sports segment will lead the global share through 2028.
DRIVING FACTORS
"Increased Customer Demands and Trends are Driving the Market "
The rise of the grass turf industry is being fueled by rising customer desire for having an aesthetically pleasing look to their garden as well as restoration and decorating trends. The need for artificial grass sheets is also being driven up by the expansion of residential and commercial infrastructure projects worldwide. Artificial turfs are becoming more and more popular as a result of the likelihood that rising environmental population and frequent rain would impair the play value of natural grass fields.
Development of Sports Facilities to Push the Market Growth
The need for the development of sports facilities and, consequently, the use of artificial grass sheets is driven by the growing participation of children and adults in a variety of sports activities. The number of children aged 6 to 12 who regularly participate in team sports activities has grown in the United States, according to data provided by the Sports & Fitness Industry Association.
RESTRAINING FACTORS
"Recycling Issues to Lower the Market Demand"
Market limitations may come in the form of issues with artificial grass recycling and logistical difficulties. Additionally, it is expected that the market expansion would be hampered by the higher price of artificial grass sheets and the surrounding environment.
ARTIFICIAL GRASS MARKET REGIONAL INSIGHTS
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"Europe to Hold Notable Market Share through 2028"
Due to the developed artificial grass market in Europe and the existence of significant firms like Tarkett (France), Sport Group (Germany), Victoria PLC (UK), and SIS Pitches, among others, the continent is predicted to have the highest proportion of the worldwide artificial grass market growth. During the forecast period, it is anticipated that the global market in this region will be driven by an increase in research and development activities for artificial grass due to concerns about sports players' safety, government support for the upkeep of artificial grass facilities, and infrastructure to promote sports, particularly football. India is anticipated to have the quickest rate of market growth in the Asia Pacific over the forecast period.
India is anticipated to see the quickest market growth in the Asia Pacific region over the anticipated period. It is anticipated that the market in India would be driven by the expanding trend of landscaping, increased investment by important players, and government assistance for infrastructure upgrades, particularly hockey. Due to key competitors in Europe and the US focusing on the unexplored prospects in the artificial grass market in nations like China and India, Asia Pacific is predicted to have rapid expansion in the years to come.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by collaborating with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Ten Cate (Netherlands)
- Shaw Sports Turf (U.S.)
- FieldTurf (Tarkett) (U.S.)
- CoCreation Grass (China)
- Polytan GmbH (Germany)
- Domo Sports Grass (Belgium)
- ACT Global Sports (U.S.)
- SIS Pitches (UK.)
- Limonta Sport (Italy)
- Edel Grass B.V. (Netherlands)
- Unisport-Saltex Oy (Finland)
- GreenVision / Mattex (Saudi Arabia)
- Mondo S.p.A. (Italy)
- Juta (South Africa)
- Condor Grass (France)
- Nurteks (Turkey)
- Taishan (China)
- Victoria PLC (UK.)
- ForestGrass (U.S.)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In | US$ 3.2304 Billion in 2022 |
Market Size Value By | US$ 4.4562 Billion by 2028 |
Growth Rate | CAGR of 5.5% from 2022 to 2028 |
Forecast Period | 2022-2028 |
Base Year | 2021 |
Historical Data Available | Yes |
Segments Covered | Types & Application |
Regional Scope | Global |
Frequently Asked Questions
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What value is the artificial grass market expected to touch by 2028?
Over the research period, the artificial grass market be reaching USD 4.4562 billion in 2028.
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What CAGR is the artificial grass market expected to exhibit by 2028?
The artificial grass market is expected to exhibit a CAGR of 5.5% by 2028.
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Which are the driving factors of the artificial grass market?
Increased sports facilities and awareness about trends in infrastructure are some of the driving factors of the artificial grass market.
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Which are the top companies operating in the artificial grass market?
ACT Global Sports, SIS Pitches and Limonta Sport are some of the top companies operating the artificial grass market.