Turf Protection Industry to Witness Unprecedented Growth in Coming Years
Chicago, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Turf protection typically refers to measures taken to maintain or safeguard natural grass areas, such as lawns, sports fields, or parks. This can involve various strategies aimed at preserving the health, appearance, and functionality of the turf. The turf protection market is projected to reach USD 8.1 billion by 2028 from USD 6.4 billion by 2023, at a CAGR of 4.9% during the forecast period in terms of value. The market for turf protection by solution is experiencing growth due to the increasing demand for biological products due to increase in environmental awareness.
Key Players in the Market
- Syngenta Crop Protection AG (Switzerland)
- UPL Limited (India)
- Corteva Agriscience (US)
- Nufarm (US)
- Bayer AG (Germany)
- BASF SE (Germany)
- SDS Biotech K.K. (Japan)
- AMVAC Chemical Corporation (US)
- Bioceres Crop Solutions (Argentina)
- Colin Campbell (Chemicals) Pty Ltd (Australia)
- ICL Group Ltd. (US)
- Andersons, Inc. (US)
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Trends that are shaping the turf protection industry:
- Sustainability and Environmental Concerns: There was a growing emphasis on environmentally friendly and sustainable turf protection solutions. This includes the use of organic fertilizers, biopesticides, and other eco-friendly products to minimize the environmental impact.
- Advancements in Grass Seed Technology: Ongoing research and development in grass seed technology aimed to produce varieties that are more resilient to diseases, pests, and environmental stresses. Drought-resistant and low-maintenance grass varieties gained popularity.
- Smart Irrigation Systems: The integration of technology into irrigation systems was a notable trend. Smart irrigation systems that use sensors and data analytics to optimize water usage and improve efficiency were gaining traction.
- Biological Solutions and Integrated Pest Management (IPM): Integrated Pest Management practices were increasingly adopted, emphasizing a holistic approach to pest control. This involved combining biological controls, cultural practices, and minimal chemical inputs to manage pests effectively.
- Turf Reinforcement and Protection from Wear: Products designed to protect turf from wear and tear due to foot traffic, sports activities, and events were in demand. Turf reinforcement mats and other solutions for high-traffic areas were becoming more prevalent.
Turf Protection Market Drivers and Opportunities
Driver: Increase in consumer demands from sports fields and residential areas and improvement in integrated pest management in the turf industry
The turf protection market continues to grow rapidly. Key factors contributing to this growth are an increase in demand from residential & commercial property development and the increasing number of golf courses & other sports fields across the globe. Moreover, according to the survey, demand for apartments is at an all-time high. Also, around the world, there is also more investment being made in sports infrastructure. In the US, several sports clubs will start investing in new or refurbished stadiums in 2022. The Los Angeles Clippers of the National Basketball Association plan to invest USD 1.2 billion in the building of the facility.
Integrated Pest Management (IPM) systems that incorporate suitable control techniques to keep pest damage below an established threshold level are gaining acceptance in the turf industry. However, an IPM program should result in a more efficient use of pesticides, which usually means optimum usage of pesticides. Integrated pest management involves establishing a pest threshold level that is consistent with the intended function of the sports turf, thorough on-site monitoring & record-keeping, and consideration of different pest control measures.
Opportunity: Rising demand for bio-based turf protection products
The turf protection market is dominated by synthetic chemicals. However, due to stringent regulations across countries and resistance by environmental agencies toward synthetic chemicals, bio-based formulations such as biofertilizers and biostimulants are being developed. Biostimulants, when used correctly, may enhance turf stress tolerance and quality. Naturally occurring organic materials are the best sources of biostimulants. For instance, humic acid and seaweed extract are the two commonly used turf biostimulants. Thus, with the increasing demand for bio-based products, the number of product launches and research studies is expected to increase in this field.
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South America to boost market growth during the forecast period
The South American region is segmented into Brazil, Argentina, and Rest of South America (Chile and Colombia). The South American turf protection market is expected to grow in the coming years, driven by various factors such as the increasing demand for sports turf, the growing popularity of sports, and the development of sports infrastructure in the region. Brazil is the largest market for turf protection in South America, accounting for a significant share of the regional market. The country has many sports clubs and facilities. Argentina, Chile, and Colombia are other key markets for turf protection in South America. These countries have a growing sports culture and have been investing in sports infrastructure in recent years.
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