artificial turf Market

The artificial turf market was valued at US$ 2,847.28 million in 2021 and is projected to reach US$ 4,067.36 million by 2028. It is expected to grow at a CAGR of 5.2% from 2021 to 2028.

Market Overview

Artificial turf is a type of surface that is created from synthetic fibers to resemble natural grass. In recent years, the demand for artificial turf has been steadily increasing, leading to a competitive market. To cater to the diverse needs of customers, companies in the artificial turf market are implementing various strategies, such as launching new products, expanding their business operations, and engaging in mergers and acquisitions. In addition to these strategies, companies are also investing in research and development activities to develop new technologies for recycling artificial turf, which is likely to offer more growth opportunities for the market in the coming years. The use of recycled materials in the manufacturing of artificial turf can significantly reduce waste and contribute to a sustainable environment. As a result, advancements in technology that enable the recycling of artificial turf are likely to increase its popularity and promote its growth.

Market Segmentation

Categorized according to application into residential, commercial, and sports segments, the global artificial turf market is dominated by the sports segment, which held the largest market share in 2020. The sports segment is the dominant category in the artificial turf market, primarily due to its several advantages. For one, artificial turf has gained popularity as a preferred choice for sports fields and arenas as it enables athletes to play and practice regardless of weather conditions. Unlike natural grass, artificial turf can withstand harsh conditions, allowing more efficient and cost-effective use. Additionally, it is designed with the safety of athletes in mind, featuring shock-absorbing qualities that reduce the risk of injuries during athletic activities. Lastly, there is a high demand for artificial turf in the sports industry, with many sports organizations and teams looking for durable, safe, and high-quality playing surfaces. Given these advantages, the sports segment of the artificial turf market is expected to continue its growth trajectory in the future.

Regional Overview

In 2020, the global artificial turf market was dominated by the Asia Pacific region due to the rising demand for aesthetically pleasing garden features and the increasing trend of renovation and decoration. The region's growth in residential and commercial infrastructure development has also contributed to the artificial turf market growth. As a result, the demand for artificial turf in the Asia Pacific region has been substantially bolstered.  

Market Players 

Some of the top market players are The Dow Chemical Company; Tarkett; Act Global; CCGrass; TenCate Grass; SIS Pitches; Victoria PLC; GreenFields BV; HATKO; and Hellas Construction, Inc. These players operating in the artificial turf market focus on different strategies.

The size of the global artificial turf market has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves to obtain an overview and forecast of this regional market concerning all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants typically involved in this process include industry experts, such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in this market.