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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