Market Highlights

Turf protection refers to the protection and maintenance of turfs by using chemical, biological, or mechanical products. The global turf protection market accounted for a revenue of USD 5.2 billion in 2018 and is projected to register a CAGR of 4.5% during the forecast period of 2019 to 2024. The turf protection industry forecast is expected to offer lucrative opportunities for the vendors active in the global turf protection market owing to the rising demand for biological turf protection systems. The innovative bio-based turf protection products are eco-friendly in nature and offer high-performance in protecting turfs from pests and abiotic stress. For instance, Zelto, a bio-based product, was launched by Marrone Bio Innovations, Inc. in January 2018. It is based on a novel bacterium that offers turf protection against chinch bugs, weevils, and caterpillars. Additionally, it is effective in protecting turfs from various nematodes such as ring, root knot, cyst, sting, and lance. Thus, market players are investing in their research and development activities to develop and launch bio-based products and exploit the growth opportunities in this lucrative market.

Turf protection includes systems or methods used in the protection and maintenance of turfs. Rising interest of sports due to influence of leagues on television and online games have induced player participation on turfs. The global turf protection market report by Market Research Future (MRFR) comprises pertinent market variables in the name of drivers, challenges, opportunities, and trends for the period of 2019 to 2024 (forecast period). The outbreak of the COVID-19 pandemic and its impact on the industry has been noted.

Market Scope

The global turf protection market size is projected to exhibit a CAGR of 4.5% over the forecast period. It was valued at USD 5.2 billion in 2018. Its valuation can skyrocket during the assessment period due to rapid urbanization, focus on sports, and infrastructure development plans of cities. The integrated pest management (IPM) approach by turf owners for protecting against biotic and abiotic stress can bode well for the market. Construction of turfs and the subsequent purchase of turf mats can fuel the market growth till 2024.

The maintenance of turfs by controlling the pest population is likely to induce the demand in the market. For instance, Zelto’s pest formulation contains natural microbial compounds which can inhibit hatching of nematodes. New environmental standards to be enforced by governments for beautification of cities and control the heat levels generated in urban areas.

Competition Outlook

Backyard Organics, LLC, Soil Technologies Corporation, TeraGanix, Inc., Eco Sustainable Solutions Ltd., Pure AG, Epicore BioNetworks Inc., Lucerne Biotech UK Ltd., Corteva Agriscience, Nuturf Pty. Ltd., Evans Turf Supplies Ltd., The Andersons Inc., CoreBiologic, LLC, FMC Corporation, Syngenta AG, and Idemitsu Kosan Co., Ltd. are noteworthy players of the global turf protection market.

Segmentation

The global turf protection industry share has been segmented based on product type and application.

By product type, the global turf protection market has been classified as biological, mechanical, and chemical. The chemical segment accounted for the largest market share in 2018. However, the biological segment is expected to register the highest CAGR during the forecast period.

Based on application, the global turf protection industry forecast has been segmented into stress protection, scarification, pest protection, and others. The pest protection segment is expected to account for the largest revenue share and register the highest growth rate during the review period.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/turf-protection-market-8021

Regional Analysis

The global turf protection market report has been studied with regard to four key regions—North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America is predicted to witness an explosive growth owing to turf solutions which can minimize soil erosion, eliminate weeds, and reduce the volume of dust accumulated via foot traffic. The utilization of turf grass in minimizing injuries in indoor environments can fuel the market demand significantly. Turf grass can be used in building a small park within the confines of the home and minimize maintenance costs.

APAC is expected to register the highest growth rate during the forecast period owing to the interest of indoor sports in urban areas. The high disposable income levels of citizens, affordable turf fees, and importance of turfs in residential and commercial areas can fuel the market growth. Athletic facilities and nurseries can beckon the need for turf protection systems.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America