Turf Protection - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Turf Protection Market is accounted for $5.18 billion in 2018 and is expected to reach $8.36 billion by 2027 growing at a CAGR of 5.45% during the forecast period. Growth in demand from residential & commercial properties and adoption of integrated pest management in the turf industry are the factors driving the market growth. However, Stringent, Yet Inconsistent Regulations on Synthetic Chemicals are some of the factors restraining the market growth.
Turf is a layer of matted earth which is formed by plant roots and grass. Maintaining a lawn is extremely difficult and hence, it needs turf protection to prevent losses caused due to the attacks of weeds, and pests. Turf protection is system and methods adopted to provide a safe, trip free surface and protect the turfs from pedestrians and vehicular traffic.
Based on product, the pest protection segment is estimated to have a lucrative growth in the forecast period. This is due to the usage of chemical treatment which involves the usage of pesticides and insecticides having a high level of selectivity, which helps in controlling pests present in grasses on turf. By geography, North America is likely to have a huge demand due to increasing number of sport fields in the region and significant presence of players operating in the market are major factors expected to drive growth of the region over the forecast period. In addition, US accounts major revenue share in the region and is expected to witness rapid growth rate over the forecast period.
Some of the key players in Global Turf Protection market include DOW Agrosciences LLC, Idemitsu Kosan Co Ltd, Syngenta AG, Epicore Bionetworks Inc, The Andersons Inc, FMC Corporation, Lallemand Incorporated, ECO Sustainable Solutions Ltd, Lucerne Biotech U K Ltd, Soil Technologies Corporation, Corebiologic LLC, Teraganix Inc, Pure AG , Backyard Organics LLC, Evans Turf Supplies Ltd and Nuturf Pty Ltd.
• Stress Protection
• Pest Protection
Crop Types Covered:
• Fruits and Vegetables
• Cereals and Oilseeds
• Sod Growers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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