Turf Protection Market: Trends, Size, and Share (2021-2028)"
Turf protection Market Highlights
The turf protection market involves safeguarding and maintaining turfs through the application of chemical, biological, or mechanical solutions. By 2028, the worldwide turf protection market is anticipated to achieve a revenue of USD 5.7 billion, with a projected Compound Annual Growth Rate (CAGR) of 3.4% from 2021 to 2028. Vendors in the global turf protection market are poised to benefit from significant opportunities, particularly in the realm of biological turf protection systems. These systems, characterized by innovative bio-based products, are environmentally friendly and demonstrate high efficacy in shielding turfs from both pests and abiotic stress.
An exemplar of such innovation is Zelto, a bio-based product introduced by Marrone Bio Innovations, Inc. in January 2018. Leveraging a novel bacterium, Zelto provides robust turf protection against chinch bugs, weevils, caterpillars, and various nematodes, including ring, root knot, cyst, sting, and lance. This underscores a growing trend among market players to invest in research and development initiatives, aiming to create and launch bio-based products that capitalize on the expansive growth opportunities within this lucrative market. The turf protection market, as outlined in the market report, is segmented based on product type and application on a global scale.
Based on product type, the global turf protection market size has been divided into mechanical, chemical, and biological. The chemical segment is expected to garner the largest revenue share in 2018. The dominance of the segment can be attributed to the high usage of synthetic chemicals irrespective of the stringent regulations imposed on their use. Additionally, chemical turf protectants are cost-effective and are highly efficient. However, the biological segment is expected to register the highest CAGR during the forecast period owing to the increasing focus of customers and market players on biological protectants as they are environment friendly.
By application, the global turf protection market has been classified as scarification, pest protection, stress protection, and others. The pest protection segment is expected to garner the largest market share during the review period and register the highest growth rate due to the necessity of managing pests in turfs due to the increasing use of pesticides for turf protection as pests deteriorate the aesthetic or functional value of turfs.
Key Players
Some of the key players turf protection market are Syngenta AG (Switzerland), Soil Technologies Corporation (US), Epicore BioNetworks Inc. (US), The Andersons Inc. (US), FMC Corporation (US), Lucerne Biotech UK Ltd. (UK), Eco Sustainable Solutions Ltd. (UK), CoreBiologic, LLC (US), Corteva Agriscience (US), Pure AG (US), Backyard Organics, LLC (US), Idemitsu Kosan Co., Ltd. (Japan), TeraGanix, Inc. (US), Evans Turf Supplies Ltd. (New Zealand), and Nuturf Pty. Ltd. (Australia).
Regional Analysis
The protection market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
The market in North America is projected to dominate the global turf protection market owing to the availability of good infrastructure for turf industry in the region, mainly in the US. Additionally, the adoption of synthetic pesticides and herbicides as cost effective turf protection solutions is also driving the growth of the regional market. However, infrastructure development and the growth of tourism industry in Asia-Pacific is expected to fuel the demand for turfs in the region, which in turn is expected to assist in registering the highest growth rate for the Asia-Pacific turf protection market.
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