Global Artificial Grass Market is projected to grow at CAGR of 7.92% between 2017 to 2023
The recent study on the artificial grass market covers in-depth analysis of the market on the basis of fibre base material, application and geography. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. According to the report titled “Artificial Grass Market- Forecasts from 2018 to 2023”, the market is expected to increase from US$2.851 billion in 2017 to US$ 4.504 billion by 2023, at a CAGR of 7.92% during the projected period. The report has segmented the artificial grass market by fibre base material (nylon, polypropylene, polyethylene), application (sports field, residential landscape, rooftops, patios, commercial venues, others), and geography (North America, South America, Europe, Middle East and Africa, Asia Pacific). Artificial grass is a type of flooring material designed to be installed outside and made to look and feel like real grass. It is increasingly being used on the sports field, playground, and landscaping owing to significantly less water usage and no requirement for mowing, edging, trimming or fertilizing. Rising awareness among people regarding water conservation is driving the artificial grass market growth. The rising propensity of installing these grasses at home is supporting market growth.
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Polyethylene holds a significant share in the market
Polyethylene artificial grass holds a significant share in the market as it is ideal for all types of applications, including landscape edging, pool areas, outdoor play spaces, and entire lawn. Durability and moderate cost are the key factors that are driving its demand in a number of applications.
Sports Field holds a major share in the market.
Sports field holds a major share in the market as artificial grass are widely installed on these fields as reduces dust, dirt, and allergens around the property and stays green and beautiful year-round with less maintenance. A growing number of sports field is expected to augment the demand for artificial grass. In 2015, the Women’s World Cup was played on lush, green artificial turf.
North America holds a significant share in the market.
The North America artificial grass market holds a significant share owing to its increased installation on playgrounds and fields due to unfavourable climatic conditions for natural grass to grow. With Environmental Protection Agency promoting artificial turf on athletic fields and playgrounds, the market is expected to grow at a steady pace.
Some of the major players discussed in the reports are Easy Turf, SmartGrass, LLC, Heavenly Greens, DuPont, FieldTurf Inc., DP Turf, Victoria PLC, Matrix ® Turf, NURTEKS CARPET, and LIMONTA SPORT S.p.A.
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