COVID-19 Impact on Turf Protection Market is estimated to grow at a CAGR of 4.5% by Forecast to 2024

COVID-19 Impact on Turf Protection Market Global Information by Product Type (Mechanical, Chemical and Biological), Application (Scarification, Pest Protection, Stress Protection and others) and Region

Market Insight

Global COVID-19 Impact on Turf Protection Market is projected to exhibit a CAGR of 4.5% over the forecast period. It was valued at USD 5.2 billion in 2020. 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.

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.

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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 COVID-19 Impact on Turf Protection Market.

Segmentation

Global COVID-19 Impact on Turf Protection Market 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 2020. However, the biological segment is expected to register the highest CAGR during the forecast period.

Based on application, the global turf protection industry 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.

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.

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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.

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