DUBLIN–(BUSINESS WIRE)–The "Turf Protection Market – Growth, Trends, and Forecast (2020 – 2025)" report has been added to ResearchAndMarkets.com's offering.
Global Turf Protection market is expected to grow at a CAGR of 4.80% during the forecast period (2020-2025)
Turf is the upper surface layer of land on which grass is growing, consisting of grass and soil where roots grow or a piece of this that is cut from the ground and is usually rectangular. Maintaining a lawn is a difficult task and thus it needs turf protection to prevent losses caused by pests and weeds. Increasing high demand from sports like cricket, golf, and football will fuel the market during the forecast period.
Increase in both export-oriented and domestic market revenue are observed for major player in the global turf protection market. However, challenges such as competition with local players, increasing buyer bargaining power and competition for good quality supply with low cost are the restraints to the forecast market.
- ADAMA Ltd.
- AMVAC Chemical Corporation
- BASF SE
- Bayer Cropscience AG
- Marrone Bio Innovations
- Sumitomo Chemical Australia
- Pure AG
Key Market Trends
Expansion of Sports Activities
All of the sports events found host cities across the globe, indicating increasing parallel demand to stage sporting events on varying sizes depending on the scale, requirements, and objectives. Thus maintaining turf is essential for commercial sports purposes. In addition, increasing demand for turf for residential and commercial properties in turn to create demand for turf protection market. Thus, driving the growth of forecast market in the near future. According to the Physical Activity Council, United States, the number of participants increased from 215.8 million in 2016 to 218.5 in 2018, thus, the turf protection requirements will increase owing to the football and golf activities being increased in the State.
Adoption of integrated pest management in the turf will add a bonus to the turf protection market. Rising demand for bio-based protections to reduce health hazards and cost-effectiveness will gear up the market.
North America Dominates the Market
North America dominates the global turf protection market in terms of revenue generation as compared to that of markets of another region. The presence of major players and an increasing number of sports fields in the region are major factors to drive the growth of turf protection. Huge residential regions with plenty of play areas, public parks and a large number of golf courses are some of the factors that define the extent of the market in the region. The United States occupies the majority of the turf & ornamental chemical inputs market share within the region followed by Canada. Mexico due to its harsh climatic conditions is still in a nascent stage, however, is expected to grow considerably at 4.81% CAGR owing to comparatively warmer southern regions.
Europe accounts for the second-largest revenue share contribution followed by market Asia Pacific, Latin America, Middle East, and Africa respectively. The market in the Asia-Pacific will witness a faster growth rate in terms of revenue over the next 15 years. Rapidly growing sports fields in countries like China, India and Australia will create demand in future.
Key Topics Covered:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness – Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1.4 Sod Growers
5.2.1 North America
184.108.40.206 Rest of North America
220.127.116.11 Rest of Europe
5.2.3 Asia Pacific
18.104.22.168 Rest of Asia-Pacific
5.2.4 South America
22.214.171.124 Rest of South America
5.2.5 Middle East and Africa
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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