Sustainable Growth Opportunities in the Artificial Grass Market

Posted May 21, 2020 by supriya1234

The artificial grass market is projected to reach USD 4.45 Billion by 2022, at a CAGR of 6.8% during the forecast period.

The report "Artificial Grass Market by Installation (Flooring, Wall Cladding), Fiber Base Material (Polyethylene, Polypropylene, Nylon), Application (Contact Sports, Non-contact Sports, Leisure, Landscaping), Infill Material, and Region - Global Forecast to 2022", The artificial grass market is estimated to be valued at USD 3.20 Billion in 2017 and is projected to reach USD 4.45 Billion by 2022, at a CAGR of 6.8% during the forecast period. The market is driven by factors such as increased applications in the landscaping space, replacement of natural grass with artificial grass in sports fields, and growing popularity of various sports in different regions.

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Based on installation, the market has been segmented into flooring and wall cladding. The flooring segment dominated the market in terms of both value and volume in 2016. Rising popularity and acceptance of synthetic sports fields for indoor as well as outdoor sports, along with extended applications in landscaping are the key factors that drive the flooring segment in the artificial grass market. In developed countries, the backing of advanced technologies with regard to product development and sports infrastructure development has fueled the demand for artificial grass.

Based on fiber base material, the market has been segmented into polyethylene, polypropylene, and nylon. The polyethylene segment is estimated to account for the largest share of the market in 2017. It is widely preferred by various artificial grass manufacturers due to due to its durability, softness, and resiliency, which is required for technically demanding contact sports pitches.

Based on application, the artificial grass market has been segmented into contact sports, non-contact sports, landscaping, and leisure. The contact sports segment is estimated to be the largest segment in 2017 and this trend is expected to continue through the forecast period owing to factors such as the increase in number of football pitches across the world, increase in investments in hockey in countries such as India, and growth in popularity of American football in the US.

In 2017, Europe is estimated to account for the largest share of the artificial grass market. Factors such as the presence of leading artificial grass manufacturers that operate on a global scale such as Tarkett (France), SportGroup (Germany), Victoria PLC (UK), and SIS Pitches (UK) have boosted the demand for artificial grass in the European market. Furthermore, advanced technologies and supporting infrastructure for promoting sports, especially football, also fuels the artificial grass market growth in this region.

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This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as DowDuPont (US), Tarkett (France), Controlled Products (US), Shaw Industries Group (US), and Victoria PLC (UK). Other players include Act Global (US), SportGroup (Germany), TigerTurf (New Zealand), SIS Pitches (UK), Matrix Turf (US), Nurteks Hali (Turkey), Soccer Grass (Brazil), Limonta (Italy), Sportlink (Brazil), and El Espartano (Argentina).

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Issued By MarketsandMarkets
Phone 1-888-600-6441
Business Address MarketsandMarkets™ INC., 630 Dundee Road, Suite 430, Northbrook, IL 60062
Country United States
Categories Agriculture , Business , News
Tags artificial grass , artificial grass market
Last Updated May 21, 2020