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Artificial Turf Producers and Artificial Turf Market Trend

Date : 2023-03-24 Reading : 408

According to HDIN Research, the global artificial turf market is expected to continue growing in the coming years. The market size was 2.5 billion USD in 2018 and is expected to reach 3.8 billion USD by 2023, with a CAGR of 8.7% during that period. By 2028, the market is predicted to be worth 5.2 billion USD, with a CAGR of 6.5% between 2023 and 2028.

The demand for artificial turf is driven by a variety of factors, including environmental concerns, water conservation efforts, and the need for low-maintenance landscaping solutions. In 2022, the global demand for sports turf is projected to be 0.165 billion square meters, accounting for 46.8% of the market, while leisure turf will account for 0.188 billion square meters, or 53.2% of the market.
The largest market for artificial turf is in the EMEA region (Europe, Middle East, and Africa), which accounts for 44.6% of the global market. The Asia-Pacific region accounts for 33.0% of the global market, while the Americas account for 22.4% of the market.

Major suppliers of artificial turf include companies such as FieldTurf, Tarkett Sports, SIS Pitches, and Shaw Sports Turf. Applications of artificial turf include sports fields, landscaping, playgrounds, and residential lawns.

 

As the demand for low-maintenance and environmentally friendly landscaping solutions continues to grow, the artificial turf market is expected to continue to expand in the coming years.

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Artificial Turf Producers and Artificial Turf Market Trend 

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