Asia Pacific Artificial Turf Market
Market Introduction
The market for artificial turf in the APAC is spread across Australia, China, India, Japan, South Korea, and the Rest of APAC. In APAC, the demand for artificial turf is increasing, mainly due to the rising use of artificial turf in the residential sector. Besides, an increase in consumer demand for having an aesthetic look to their garden and renovation and decoration trends are bolstering the demand for artificial turf in the region. Moreover, the rise in residential and commercial infrastructural facilities across the region is driving the market.
Furthermore, artificial turf requires less water use and chemicals, low maintenance, no irrigation, and weather resistance which is increasing the demand for artificial turf at sports facilities. Besides, with rising globalization, construction industry growth is becoming a key factor favoring the artificial turf market. For instance, in India, the construction industry is the second largest industry after agriculture, accounting for about 11% of the country’s GDP. In construction projects, artificial turf is widely demanded from homes, stadiums, sports fields, and commercial gardens. Thus, all these factors will drive the artificial turf market in APAC. Further, in recent years, the major market players in the region have invested heavily in R&D initiatives, contributing to the development of several innovative products. The key players are expanding their product portfolio by strategic mergers & acquisitions of small and medium-scale companies.
The COVID-19 pandemic severely affected many industries across APAC, including the chemicals & materials industry. Due to the shutdown of manufacturing units, disruption of supply chains, and raw material shortage. However, China was the first of all the APAC countries to recover from losses due to rapid vaccination and effective government regulations. This is projected to impact the growth of the artificial turf market positively. Furthermore, the rising penetration of e-commerce platforms across the region is projected to boost the sales of artificial turfs over the coming years.
Strategic insights for the Asia Pacific Artificial Turf provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Artificial Turf refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Report Attribute
Details
Market size in 2021
US$ 1,123.71 Million
Market Size by 2028
US$ 1,581.64 Million
Global CAGR (2021 - 2028)
5.0%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Material
By Application
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
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Market Overview and Dynamics
The artificial turf market in APAC is expected to grow from US$ 1,123.71 million in 2021 to US$ 1,581.64 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028. Artificial turf is suitable for different types of sports, but it is commonly used for sports such as baseball, football, lacrosse, rugby, and soccer. Artificial turf systems are popular in sports arenas due to easy maintenance, more playing time, and excellent durability. The acceptance of artificial turf by various sports associations has increased developments and production of artificial turf. Moreover, artificial turf installation is becoming a common choice for stadiums due to advances in turf technology.
Key Market Segments
APAC artificial turf market is segmented into material, application, and country. Based on material, the APAC artificial turf market is segmented into polyethylene, polypropylene, polyamide, and others. The polyethylene segment led the APAC artificial turf market in 2020. Based on the application, the APAC artificial turf market has been segmented into residential, commercial, and sport. The sports segment held the largest share of the APAC artificial turf market in 2020. Based on country, the APAC artificial turf market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. China held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the artificial turf market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Act Global; CCGrass; GreenFields BV; HATKO; Tarkett; TenCate Grass; and The Dow Chemical Company; Victoria PLC.
Reasons to buy report
APAC
Artificial Turf Market
Segmentation
APAC Artificial Turf Market -
By Material
APAC Artificial Turf Market - By
Application
APAC Artificial Turf Market - By Country
APAC Artificial Turf Market - Company Profiles
The Asia Pacific Artificial Turf Market is valued at US$ 1,123.71 Million in 2021, it is projected to reach US$ 1,581.64 Million by 2028.
As per our report Asia Pacific Artificial Turf Market, the market size is valued at US$ 1,123.71 Million in 2021, projecting it to reach US$ 1,581.64 Million by 2028. This translates to a CAGR of approximately 5.0% during the forecast period.
The Asia Pacific Artificial Turf Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Artificial Turf Market report:
The Asia Pacific Artificial Turf Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Artificial Turf Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Artificial Turf Market value chain can benefit from the information contained in a comprehensive market report.
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