Turf Grass And Turf Solutions Market - Forecast(2024 - 2030)
Turf Grass And Turf Solutions Market Overview
The Turf Grass And Turf Solutions Market size is estimated to reach $39.1 billion by 2028, growing at a CAGR of 4.9% over the forecast period 2023-2028. Turf grass And Turf solutions are useful for reducing weed development and minimizing soil erosion. As a result, Turf grass like Cold Season Turf Grasses and Warm Season Turf Grass is environmentally friendly. Rising smart house building and increased consumer awareness of turf grass would be the main drivers of market expansion.?According to the New York State Energy Research and Development Authority (NYSERDA), using smart technologies & real-time energy management systems in the residential sector can decrease costs by an average of 15%.?An important aspect affecting the market growth is the increase in the number of landscapers along with growth in the number of commercials, residential, sports and athletic facilities or centers. The market would expand as a result of rising industrialization, globalization and the growing use of turf grass in residential lawns.
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Turf Grass And Turf Solutions Market Report Coverage
The report:?“Turf Grass And Turf Solutions Market – Forecast (2023-2028)”?by IndustryARC, covers an in-depth analysis of the following segments in the Turf Grass And Turf Solutions Market.
By Type:?Cold Season Turf Grasses - Kentucky Bluegrass, Tall Fescue, Ryegrass & Others and Warm Season Turf Grasses - Zoysia grass, Bermuda grass, Centipede grass, St. Augustine grass, Blue Grama & Others.
By Input: Agro Chemical - Fertilizers, Pesticides, Plant Growth Regulator and Others, Seeds and Equipment.
By End-user:?Landscapers, Commercial, Residential, Sports and Athletic Facilities and Others.
By Geography:?North America (the US, Canada and Mexico), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America), Europe (the UK, Germany, France, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand and the Rest of Asia-Pacific) and the Rest of the World (the Middle East and Africa).
Key Takeaways
Turf Grass And Turf Solutions Market: Market Share (%) by region, 2022
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Turf Grass And Turf Solutions Market Segment Analysis – bynbsp;Type:
Based on Type, the Turf Grass And Turf Solutions Market is further segmented into?Cold Season Turf Grasses - Kentucky Bluegrass, Tall Fescue, Ryegrass & Others and Warm Season Turf Grasses - Zoysia grass, Bermuda grass, Centipede grass, St. Augustine grass, Blue Grama & Others. The Warm Season Turf Grasses segment?held the largest share of the Turf Grass And Turf Solutions?market in 2022. These grasses have strong roots and are effective water users. They can therefore withstand droughts well, making them valuable to include in a farm's permanent fodder foundation. Native warm-season grasses require extremely little fertilizers, which is driving the market's expansion.
However, the Cold Season Turf Grasses segment is estimated to grow at the fastest CAGR of 5.5%?over the forecast period 2023-2028. This is mainly since Cold Season Turf Grasses are in significantly high demand in regions like North America and Europe. Also, these are easy to maintain and have more tolerance than warm-season turf grass.
Turf Grass And Turf Solutions Marketnbsp;Segment Analysis – bynbsp;End-user:
Based on End-user, the Turf Grass And Turf Solutions Market is further segmented into?Landscapers, Commercial, Residential, Sports and Athletic Facilities and Others. The?Residential segment?held the largest share of the Turf Grass And Turf Solutions market in 2022 and is anticipated to grow with the fastest CAGR of?6.1%?over the forecast period 2023-2028. The backyard lawn is a crucial component of the overall landscaping. It offers a background for the house as well as for trees and ornaments. A backdrop for outdoor family activities is also provided by the lawn on residential property. Residential demand for turf is rising due to the cooling effect it offers. A well-kept lawn raises the value of the residential property, which is aiding in segment growth.
Turf Grass And Turf Solutions Marketnbsp;Segment Analysis – by Geography:
Based on Geography, the North American Grass And Turf Solutions Market?accounted for 31% share of the Turf Grass And Turf Solutions market in 2022. The expansion of the Turf Grass And Turf Solutions market in this region is being driven by the increasing number of commercial and residential complexes being created with high-end amenities like magnificent landscaping, gardens and a top-floor garden. According to the National Endowment for the Arts and the U.S. Bureau of Economic Analysis, the landscape services sector generates $93 billion in revenue annually, employs over 1 million people and represents 513,305 businesses in the U.S., all of which are assisting in market expansion.
However,?Asia-Pacific is anticipated to grow with the fastest CAGR over the forecast period 2023-2028. Demand for Turf Grass And Turf Solutions is rising in this region as a result of increasing government support and investment in hockey infrastructure development. The main forces boosting the use of the product in commercial applications are expanding tourism and hospitality sectors.
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Turf Grass And Turf Solutions Market Drivers
Products like Turf Grass And Turf Solutions are Designed to Stop Soil Erosion:
Healthy, dense grasses are one of the most effective and economical strategies to control erosion. Unprotected seeds might readily wash away with the surrounding soil during rainfall if it has weak, shallow roots. The biodegradable, netless Seed Starter Mats keep the seed in the ground where it was placed. The Global Agriculture Organization estimates that yearly soil erosion results in the loss of 24 billion tons of productive soil. That works up to 3.4 tons lost annually for each person on the earth, providing significant growth to the Turf Grass and Turf Solutions industry.
The Ability of Grass to Trap Carbon Dioxide:
Maintaining robust, healthy grass is also good for the environment. Unlike hard surfaces like concrete, asphalt and wood, grass on lawns improves soil, filters air, traps carbon dioxide, reduces erosion from rainwater runoff, lowers temperatures and reduces noise pollution. Like all other living things, grass absorbs carbon dioxide while exhaling oxygen. Oxygen is necessary for human life, but it's also important to capture carbon dioxide owing to excess CO2 can result in dangerously high air temperatures and other environmental hazards. According to research from NOAA's Worldwide Monitoring Lab, despite the ongoing economic impact of the COVID-19 pandemic, the average global atmospheric carbon dioxide level in 2021 was 414.72 parts per million (ppm), a new record high. According to NOAA's 63-year record, the increase of 2.58 ppm over 2021 matched the fifth-highest yearly increase.
Turf Grass And Turf Solutions Market Challenges
Potential Adverse Pollution Caused by Fertilizers, Pesticides Used on Grass:
Millions of gallons of water can be saved each year by using alternative options to grass turf on playgrounds and lawns. Additionally, the toxic chemicals and fertilizers needed to grow natural grass are eliminated by these goods. The absence of antibacterial capabilities in grass turf allows for the proliferation of bacteria and germs. Moreover, being exposed to dangerous pesticides makes grass turf not ideal for use around children or animals. According to NCBI, pesticide use is estimated to be 2 million tons per year worldwide, with China being the main contributor, followed by the U.S. and Argentina, whose pesticide usage is also rising quickly. However, it has been predicted that in 2020, there was an increase in pesticide usage of up to 3.5 million tons, thus impeding the market growth.
Turf Grass And Turf Solutions Industry Outlook
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Turf Grass And Turf Solutions Market. The top 10 companies in the Turf Grass And Turf Solutions Market are:
Recent Developments
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