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Dublin, March 02, 2022 (GLOBE NEWSWIRE) — The “Artificial Turf Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global artificial turf market reached a value of US$ 3,187.80 Million in 2021. Looking forward, the publisher expects the market to reach a value of US$ 4,522.0 Million by 2027 exhibiting a CAGR of 5.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Artificial turf, also known as synthetic grass, refers to a surface or carpet-like material made up of synthetic fibers designed to resemble natural grass. It is manufactured using polymer fibers, such as polyethylene, nylon, polypropylene, and polyamides. It is widely used in stadiums and arenas for sports that were originally played on natural grass surfaces. It is easily recyclable, has a low environmental impact, and eliminates the use of water, pesticides and fertilizers. In recent years, artificial turf has rapidly gained traction in residential residential and commercial applications for landscaping purposes due to its durability, low maintenance, superior quality, aesthetic appeal, eco-friendly nature, and resistance to wear and tear.
Artificial Turf Market Trends:
The escalating demand for cost-effective, durable and easy-to-maintain flooring products for outdoor applications represents the primary factor driving the market growth. Additionally, the increasing number of sports events and tournaments, and unfavorable climatic conditions for proper growth of natural grass are augmenting the demand for artificial turf. Besides this, governments of various countries are making heavy investments in infrastructure development projects for the construction of new commercial gardens, sports complexes and stadiums.
Along with this, the widespread adoption of artificial turfs in public places, such as airports, restaurants and hotels, due to their water-saving properties is propelling the market growth. Furthermore, the growing consumer inclination toward attractive lawns and playgrounds in homes or societies on account of inflating expenditure…
Full story available on Benzinga.com
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