North America Artificial Turf Market is expected to reach US$ 862.18 million by 2028


PRESS RELEASE BY The Insight Partners 10 Mar 2022

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Polyethylene Segment to Dominate North America Artificial Turf Market during 2020–2028      

According to The Insight Partners market research study on “North America Artificial Turf Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material and Application” is expected to reach US$ 862.18 million by 2028 from 600.44 US$ million in 2021. The market is estimated to grow at a CAGR of 5.3% from 2021 to 2028. The report provides trends prevailing in the North America artificial turf market along with the drivers and restraints pertaining to the market growth. Rising demand for artificial turf from sports industry and surge in number of stadiums is the major factor driving the growth of the North America artificial turf market. However, issues associated with huge volumes of plastics being used hinders the growth of North America artificial turf market.

 North America artificial turf market is segmented into material, application, and country. Based on material, the North America artificial turf market is segmented into polyethylene, polypropylene, polyamide, and others. The polyethylene segment led the North America artificial turf market in 2020. Based on the application, the North America artificial turf market has been segmented into residential, commercial, and sport. The sports segment held the largest share of the North America artificial turf market in 2020. Based on country, the North America artificial turf market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.

The US recorded the highest number of COVID-19 confirmed cases in North America. The crisis adversely affected the manufacturing sector in the region due to a restricted supply chain, raw material shortage, and shutdown of manufacturing units. In addition, the overall disruptions in manufacturing processes and research and development activities restrained new developments in the artificial turf market. However, with the opening of several growth markets in the region, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the demand for artificial turf is anticipated to grow at a positive and steady pace in the coming years.

Act Global; CCGrass; GreenFields BV; Hellas Construction, Inc.; Tarkett; TenCate Grass; and The Dow Chemical Company are among the leading companies in the North America artificial turf market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Act Global announced launch of custom turnkey solutions to aid private schools and institutions plan, design, and install a synthetic turf sports field that fits their budget and meets their athletic as well as community needs.

North America Artificial Turf Market, By Country, 2020 and 2028 (%)
North America Artificial Turf Market, By Country, 2020 and 2028 (%)


North America Artificial Turf Market to Grow at a CAGR of 5.3% to reach US$ 862.18 million from 2021 to 2028

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North America Artificial Turf Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Polyethylene, Polypropylene, Polyamide, and Others) and Application (Residential, Commercial, and Sport)


  

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